Last Updated: 04/18/2025
Pearl Capital Merchant Cash Advance
Unaffiliated
in Merchant Cash Advance from Pearl Capital
Last Updated: 04/18/2025
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Highlights
Factor Rate
1.4 - 1.49
Amount Range
Up to $1,000,000
Minimum Revenue
$180,000
APR (Fee-Based Product)
40% - 49%(Verified 06/21/2024)
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Pearl Capital Merchant Cash Advance Review
Pearl Capital Merchant Cash Advance is offered by Pearl Capital, a direct lender founded in 2010 and based in New York, NY. Pearl Capital Merchant Cash Advance are available in 50 states and Washington, DC.
Pearl Capital Merchant Cash Advance FAQ
What APRs does Pearl Capital Merchant Cash Advance offer?
The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Pearl Capital offers merchant cash advance with a factor rate starting from 1.4 to 1.49 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
However, we ran the numbers and we estimate it has an equivalent APR that ranges from 40% APR up to 49% APR. Does Pearl Capital Merchant Cash Advance charge prepayment fees?
Yes, Pearl Capital Merchant Cash Advance charges additional fees to borrowers who pay off their Pearl Capital Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a Pearl Capital Merchant Cash Advance early.What types of repayment method does Pearl Capital Merchant Cash Advance accept?
Pearl Capital Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does Pearl Capital Merchant Cash Advance process payments?
Pearl Capital Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Pearl Capital Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does Pearl Capital Merchant Cash Advance charge an origination fee?
Yes, Pearl Capital Merchant Cash Advance charges a origination fee .
What is the minimum repayment amount required by Pearl Capital Merchant Cash Advance?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via Pearl Capital Merchant Cash Advance?
Pearl Capital Merchant Cash Advance can fund your merchant cash advance within 1 business day of approval.
What are the business financing requirements for Pearl Capital Merchant Cash Advance?
To apply for Pearl Capital Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for Pearl Capital Merchant Cash Advance?
When it comes to credit scores, Pearl Capital Merchant Cash Advance doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Pearl Capital Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Pearl Capital Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
- U.S. tax identification number
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