For a term loan with iCapital, there are no interest charges. Our rate is a flat fee added to the amount borrowed, which will be determined based on creditworthiness, length of time in business and other factors.
Regarding MCAs, there is no interest rate or payment due dates. A flat fee is simply added to the amount your business qualifies for. This fee is determined through several factors including the length of time in business, type of business, whether you own or rent your space and overall business performance.
iCapital Financial Services does NOT loan money to individuals, business start-ups, or investors. iCapital does not conduct personal loans or "payday loans", nor provide personal lines of credit, credit cards, mortgages or other personal financial services.