What are your interest rates and how are they determined?

Each applicant’s cash flow, payment history, and financial strengths are considered to determine a risk-adjusted repayment plan specific to that applicant. Payments are determined by factors such as the amount and consistency of the business’ cash flow, the number of years the business has been in operation, the assets owned by the business, and the proposed use of funds.

What factors affect loan application approvals?

The age of the business, its revenue history, assets, and business credit history, among other factors, all contribute to building a comprehensive profile of the applicant.

How are loans repaid?

Capital Direct loans are repaid through automatic deductions from the business checking account. Loans can be repaid either daily, weekly, or monthly (excluding weekends and holidays). Capital Direct is one of the few alternative lenders enabling its borrowers to have options when it comes to their repayment terms.

Will you check my personal finances?

Although the business asset-profile and cash-flow are our primary concern, we do review the business' and owner's credit reports to identify current judgments, open bankruptcies, tax liens and other factors.

Do I need financial statements, tax returns or a business plan to qualify?

No.  Unlike applying for an SBA loan at a bank, Capital Direct does not require personal or business financial statements, business plans, credit card processing statements or financial projections.  All we need to start is the completed one-page application and copies of the business's most recent 6 months of bank statements.

How much funding is available for my business?

The amount of funding we provide is determined by the size of your business.  We can provide funding anywhere from $10,000 to $500,000.

What sets Capital Direct apart?

Capital Direct provides small businesses with the working capital they need when they need it.  As a private and a direct lender, we have our own underwriting guidelines (different from the banks) by which we make funding decisions quickly.  Where a bank may deny a strong business based on the owner's personal credit score, Capital Direct looks at the overall health of the business to provide financing to business owners with less than perfect credit.

Does Capital Direct have a referral program?

Yes. Capital Direct is committed to establishing mutually beneficial relationships with a variety of business partners.  Please visit our Referrals Program page for details on how to get in touch with our Business Development Department.