Capital One's Corporate Loan Policy: Who Gets Access?

Capital One is one of the largest banks in the country by assets held, offering a wide range of financial products to individuals and businesses. While Capital One does not offer personal loans, it does provide business loans and lines of credit to established businesses. To be eligible for a Capital One business loan, companies typically need to have been in operation for at least two years and have a business checking account with the bank. The bank offers loans of up to $5 million, with extended repayment periods of up to 20 to 25 years, depending on the source. Capital One also offers SBA loans, which are designed for small businesses and startups, and medical practice loans to buy equipment and grow a medical practice.

Capital One offers business loans of up to $5 million

To be eligible for a Capital One business loan, you must have been in business for at least two years and have or open a Capital One business checking account. The loan can be used for purchasing, refinancing, or improving property, and it comes with fixed payments and term lengths of up to 20 or 25 years.

Capital One offers both term loans and lines of credit. Term loans are useful for purchasing commercial property, while lines of credit can help with cash flow issues and taking advantage of business investment opportunities. The company also provides SBA loans, which are often preferred by savvy business owners due to their lower rates, as the SBA backs part of the loan.

While Capital One does not provide much information on its website about interest rates and additional fees, these will depend on the credit profile of the applicant, prevailing interest rates, and the product chosen. All loan applications are subject to credit approval, and normal credit standards apply.

It is worth noting that Capital One does not offer online applications for its business loans. To apply, you must meet with a branch ambassador or local banker at a Capital One branch.

The bank provides lines of credit, real estate term loans, and SBA loans

Capital One offers a range of financial products and services to businesses, including lines of credit, real estate term loans, and SBA loans.

Lines of Credit

Capital One offers lines of credit to small businesses with loan sizes ranging from a minimum of $10,000 to a maximum of $5 million. To be eligible, businesses must have been operating for at least two years and have a business checking account with Capital One. The line of credit offers flexible terms and structure, allowing businesses to set up a suitable payment schedule.

Real Estate Term Loans

Capital One provides financing options for commercial real estate, including loans for purchasing, refinancing, or improving property. These loans can be as large as $5 million and have term lengths of up to 20 years with fixed payments. The bank's REIT team offers a full suite of corporate and investment banking products and services for both public and private real estate owners.

SBA Loans

Capital One is a participating lender in the Small Business Administration (SBA) loan program. SBA loans are partially guaranteed by the U.S. Small Business Administration, providing a layer of security for lenders and increasing access to financing for small businesses. These loans can be used for various business expenses, including real estate, inventory, equipment, startup costs, debt consolidation, and working capital. Capital One has the advantage of being able to approve its own SBA loans without prior SBA approval, and it offers favourable interest rates and extended repayment terms of up to 25 years.

Capital One business loans have repayment periods of up to 25 years

Capital One offers business loans with repayment periods of up to 25 years. The company provides special financing options for businesses, including business loans and lines of credit. The loan amounts range from a minimum of $10,000 to a maximum of $5 million. The maximum credit limit offered by Capital One is significantly higher than that of its competitors.

To be eligible for a Capital One business loan, you must have been in business for at least two years and have a business checking account with the lender. An existing relationship with Capital One may also open the door to partnership rates. Capital One offers a variety of SBA loans, including SBA 7(a) loans, SBA 504 loans, SBA Express loans, and SBA Express lines of credit. These loans do not have a minimum time in business requirement, and Capital One, as an SBA Preferred Lender, can approve these loans faster than other non-preferred lenders.

Capital One also offers real estate term loans to help small business owners purchase commercial property or refinance and improve a property they own. These loans come with extended repayment periods and fixed interest rates, making them more affordable for small businesses. Additionally, Capital One provides small business lines of credit of up to $5 million, which can be useful for managing cash flow, taking advantage of investment opportunities, and other purposes.

It is important to note that Capital One does not provide much information about its business loan options or eligibility criteria on its website. To apply for a business loan, you must meet with a business banker in person at one of their branch locations.

To be eligible, businesses must be at least two years old and have a business checking account

Capital One offers business loans and lines of credit to small businesses and established business owners. The eligibility criteria for a Capital One business loan are as follows:

Be an established business

To be eligible for a Capital One business loan, your business must be at least two years old. This criterion applies to all Capital One business loans except for SBA loans, which do not have a minimum time in business requirement. This makes Capital One a less-than-ideal option for startup businesses seeking conventional business loans.

Have a business checking account

In addition to being an established business, you must also have a business checking account with Capital One or be willing to open one. This is the second major eligibility requirement for a Capital One business loan.

Meet with a business banker in person

To apply for a Capital One business loan, you must meet with a business banker in person at one of their branch locations. This is a notable requirement, given that Capital One operates mostly online and has a limited number of physical branches.

Meet credit approval and other requirements

All loan applications are subject to credit approval, and normal credit standards apply. Some applications may require further consideration and additional information. Depending on the product, there may be collateral or deposit amount requirements.

Loan sizes and repayment terms

Capital One offers business loans ranging from a minimum of $10,000 to a maximum of $5 million. The repayment period for these loans can be as long as 20 to 25 years, making the monthly payments more affordable for small business owners.

Capital One does not offer personal loans

If you are looking for a personal loan, you can consider the following options:

• Banks: Many banks offer personal loans, and you may be able to get an interest rate discount if you are already a banking customer. Banks often don't disclose their minimum credit requirements, but they may use a traditional lending model that prefers a good credit score of 670 or higher.
• Online lenders: Online loans may be a good option if you are looking for a streamlined application process and fast funding. Some online lenders can fund your loan on the same day that your application is approved. Many online lenders also give you the chance to prequalify online without hurting your credit score.
• Credit unions: Credit unions are another option for personal loans. They may offer competitive rates and flexible terms.
• Peer-to-peer lenders: Peer-to-peer lending platforms connect borrowers directly with individual lenders. These platforms may offer more flexible credit requirements and faster funding compared to traditional banks.

It is important to shop around and compare different lenders to find the best match for your financial needs and goals. Consider factors such as interest rates, fees, loan terms, and repayment options when evaluating potential lenders.

While Capital One does not offer personal loans, they do provide other financing options, including auto loans, business loans, lines of credit, and commercial lending products. Capital One is one of the largest banks in the country by assets held and has a great reputation for customer service. Their business loans include SBA loans, real estate term loans, and equipment financing for small businesses. To be eligible for a Capital One business loan, you typically need to have been in business for at least two years and have a business checking account with the lender.

Frequently asked questions