Financing Options
Financing Options
4 financing options to choose from:
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Line of Credit
Access to money at your fingertips
A line of credit gives you peace of mind in knowing you can draw on your pre-qualified limit of capital whenever you need it.
With this access to capital, you can prepare and make business decisions quickly, and navigate unexpected costs or shortfalls with ease.
- Funding in 24 hours or less
- Receive credit limit increases
- Determine your own repayment schedule
- Your money when you need it
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Merchant Cash Advance
The flexible small business loan alternative
A merchant cash advance is a one-time advance that you repay through a set percentage of your daily credit card and debit sales. These repayments are debited daily, Monday through Friday, from your business bank account. We work with all banks, so there’s need to change accounts.
This type of funding is well suited to food service, hospitality and retail businesses. It’s a low risk way to borrow money because if you are closed or having a slow season, you won’t have the stress of needing to repay but not having the cash flow to do so.
- Full transparency about fees
- No penalties if you want to pay out at any time
- The highest security in the industry
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Secured Business Loan
The small business loan option for homeowners
A secured loan allows you or your business to tap into lower borrowing rates by using your property as collateral. iCapital secured loans have no restrictions on how you can use the money, and they have better term lengths than other types of loans such as second mortgages.
- Rates start at 9.99%
- Access more money than with a term loan or cash advance
- Term lengths of up to 5 years (compared to a traditional second mortgage term of just 1 year)
- Payments are principal and interest. We offer weekly, biweekly and monthly payment options.
- No restrictions on how you can use the funds
- Less-than-perfect credit is OK
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Term Loan
The stress-free small business loan
A term loan is a one-time loan that you repay a set amount daily or weekly over a set number of months (up to 24 months). Term loans do not have an interest rate; rather, a flat fee determined by creditworthiness, length of time in business and other factors is added to the amount borrowed.
This type of funding suits most businesses and help with immediate needs like purchasing inventory and replacing broken equipment.
- Terms from 3 month up to 24 months
- Full transparency about fees
- No penalties if you want to pay out at any time
- The highest security in the industry
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Unsecured Personal Loans for Homeowners
Stress-free money you can use however you like. Loans starting at $10,000.
A personal loan for homeowners is a lump sum that you pay back in fixed payments over time. Perfect credit isn’t required — our only criteria is you must be actively employed and own a home. Simply pick the repayment frequency that suits you best. iCapital personal loans for homeowners start at $10,000.
Unsecured
- Loans starting at $5,000 to $100,000
- Money in less than 24 hours
- Rates starting at 9.99%
- Flexible repayment—weekly, bi-weekly, monthly
- Term lengths of 1 to 5 years
- No legal fees or appraisals
- Great customer service
- A minimum credit score of 600 required
- Must demonstrate 3 months of continuous employment
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