Small business loans by Kapitus
When you run a small business, you need to be strategic about your funding to make sure you have cash flow and you are able to pay all of your expenses. Kapitus Funding can help.
However, there may come a day when your business has the opportunity to grow and you will need loan capital to take advantage of these opportunities. In this case, you will need to carefully weigh your financing options. Kapitus should be considered.
What is Kapitus?
Lender Kapitus offers a wide variety of business credit solutions, from SBA loans to income-based financing, equipment financing, lines of credit and business loans.
How does Kapitus funding work?
The process begins with exploring the many options for small business loans that the lender offers:
- SBA loan
- Commercial loan
- Credit line
- Equipment financing
- Financing of purchase orders
- Invoice factoring
- Income-based funding
- Helix (for the healthcare sector)
- PPP loans
Applying for any of these options only takes a few minutes and you can be approved in as little as four hours. Once your funding has been deposited into your business bank account, you can use it to grow your business.
Advantages and disadvantages of Kapitus
Keep in mind that any lender will have advantages and disadvantages. Kapitus is no exception.
Kapitus is lightning-fast when it comes to processing requests for Kapitus business loan products. Being able to know within hours, not days, that you qualify for a small business loan saves you time and hassle.
Another advantage is that Kapitus, unlike many banks, offers a diverse range of financing options for small businesses. The likelihood that you will find the right financing solution for your strategic plan is high.
On the other hand, some business owners may find it difficult to qualify for some of the loan products as they require a credit score of 625 or higher, as well as 2+ years of activity and $ 250,000 in credit. annual income. If you do not meet these conditions, you may still be eligible for certain loan products, but at a higher interest rate.
Rates start at 6.25% which isn’t terrible (definitely better than a lot business credit cards), but if you have good credit, you might be better off applying for financing from a traditional bank.
Kapitus prices, conditions and conditions
As I mentioned above, interest rates on Kapitus loans and commercial lines of credit start at 6.25%, although the site does not disclose the amount.
The site also does not reveal if it charges an origination fee, although other sites indicate that the lender charges 2.5%, with a minimum of $ 395.
While each loan’s specifications vary, to give you an example of what to expect, its business loan is available for $ 10,000 to $ 500,000, with repayment terms of three to 24 months.
Who should consider Kapitus funding?
If your business is doing well but you need additional capital to grow your business or get through a downturn, one of Kapitus’ financing solutions may be right for you.
If you have unpaid invoices that you can use as collateral, you should consider invoice factoring. If you are looking to purchase equipment or heavy machinery, Kapitus Equipment Financing might be the right solution. And currently, Kapitus provides Paycheque Protection Program (PPP) small business loans.
If, on the other hand, you have had bankruptcy on your file within the past three years, you might not be eligible for funding through Kapitus and want to look elsewhere; maybe a cash advance from the merchant would work.
How to qualify for Kapitus financing
Business loans from Kapitus are not suitable for everyone, especially those with bad credit or a high debt-to-credit ratio. You will want your business to be well established, having been in business for at least two years, with a minimum average annual income of $ 250,000 and a credit score of 625 or higher.
Different lenders require different financial and legal documents as part of the application that business owners are required to provide, so be prepared to provide your bank statements or access your bank account during the application process.
It might be a good idea to take a look at your personal and professional credit scores before applying for a loan so that you know what your credit situation is and if you qualify. If you’re new to business credit, research how to establish trade credit before applying for any type of financing.
Verdict of Nav: Kapitus funding
Business owners looking for strategic financing need lending partners who are reliable and offer great small business lending solutions to provide working capital.
Reviews of Kapitus are positive, with the swift process praised. If your business is in need of financing and has decent credit, Kapitus could be the solution you are looking for.
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