topic Re: National Business Capital in Business Credit

National Business Capital

fm92555 — Sat, 12 Feb 2022 19:01:44 GMT

I am curious if anyone has used this company "National Business Capital" for a LOC.

I know a better bet is to go for PNC up to 100k as I am sure that would be better rates. But anyone have any experience with this company or others like them? Any details on rates and terms? I thought I read one post on the internet that someone was making weekly or daily payments on their loan, which seems excessive.

100k is noce but if your business is buying and selling large equipment then 100k is just about 20% of the cost.

Re: National Business Capital

Red1Blue — Sat, 12 Feb 2022 19:12:37 GMT

Hi @fm92555 I saw some video reviews on You Tube on this company. I have not applied for them so I can not give information. If you do apply please let us know the details and your experience with them. I'll be looking for LOC in the next few days.

Re: National Business Capital

fm92555 — Sun, 13 Feb 2022 02:47:47 GMT

Oh, I won't be applying that soon. I am still months away from applying.

The LLC that I would used I just formed a week ago.

I know many people that don't get bank loans use the finance companies and I hope to get some idea what rates and terms are given to someone with some scores in the 700's.

Re: National Business Capital

Red1Blue — Sun, 13 Feb 2022 03:00:14 GMT

Check out Divvy card.

Re: National Business Capital

socalchef00 — Wed, 16 Feb 2022 18:57:06 GMT

@fm92555 wrote:
I am curious if anyone has used this company "National Business Capital" for a LOC.

I know a better bet is to go for PNC up to 100k as I am sure that would be better rates. But anyone have any experience with this company or others like them? Any details on rates and terms? I thought I read one post on the internet that someone was making weekly or daily payments on their loan, which seems excessive.

100k is noce but if your business is buying and selling large equipment then 100k is just about 20% of the cost.

I literally just signed the loan docs for my business loan ($15k) and was funded this morning. Only used my business EIN and bank statements for qualifying.

Because my income was slightly low I had to get the loan, and after 50% of payments they'll refi the loan and turn it into a BLOC with larger a larger CL.

Re: National Business Capital

Red1Blue — Wed, 16 Feb 2022 19:01:20 GMT

@socalchef00 wrote:
I literally just signed the loan docs for my business loan ($15k) and was funded this morning. Only used my business EIN and bank statements for qualifying.
Because my income was slightly low I had to get the loan, and after 50% of payments they'll refi the loan and turn it into a BLOC with larger a larger CL.

Hi @socalchef00 Congratulations for your loan approval with National Business Capital