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  Pearl Capital Merchant Cash Advance
Pearl Capital Merchant Cash Advance
in Merchant Cash Advance from Pearl Capital
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Pearl Capital Merchant Cash Advance

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in Merchant Cash Advance from Pearl Capital
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Highlights
Factor Rate 1.4 - 1.49
Loan Amount Up to $1,000,000
Minimum Revenue $180,000
APR  (Fee-Based Product) 40% - 49%

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 is 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 1.5 will have a total repayment of $30,000, which includes $10,000 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 ammount.

What is the estimated funding time for a merchant cash advance via Pearl Capital Merchant Cash Advance?

Pearl Capital Merchant Cash Advance can approve (or deny) a merchant cash advance application within 1 hour and 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 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.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Pearl Capital Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Pearl Capital Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity
  • U.S. tax identification number

What limitations does Pearl Capital Merchant Cash Advance set on the purpose of the merchant cash advance?

Pearl Capital Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

  • Business debt refinance
  • Equipment purchase
  • Inventory
  • Lease improvement
  • New location
  • Product or service expansion
  • Working capital
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Other Services by Pearl Capital

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Applicant's Minimum Percentage of Business Ownership 30%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 3
Minimum Revenue $180,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 1 day
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding
APR (Fee-Based Product) 40% - 49%
APR Type Fee-Based Product
Factor Rate 1.4 - 1.49
Loan Amount Up to $1,000,000
Loan Term 4 - 12 months

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