Founded in 2014, Strategic Capital is a small business financial lender based in Kansas City. Better Business Bureau had awarded the company with an A+ rating. SBA loans, invoice financing, term loans, asset-based lending, business cash advance and lines of credit are the types of funding which the company deals out. Based on the assessment by Trustpilot, Strategic Capital is ranked 70 out of 341 non-bank finance institutions and has a TrustScore of 9.4 out of 10.
The Annual Percentage rates of business term loans start from 5.49%, while the term of repayment is from 1 to 5 years. Those loans can be used for purchasing equipment, expanding a business, and investing in marketing. A maturity date is set for business financing after providing the facility for monthly payments, which are automated. Personal credit and decent credit history are not criteria for the approval of loans. A client needs to have a personal credit score of at least 620 in order to avail a business line of credit. To avail their financial services, the client needs to possess a minimum of 500 on FICO score and must have been in the business for at least 6 months.