TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Advanced Commercial Capital vs Capital Loan Hub

We recommend

 

Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

 

ADVANCED COMMERCIAL CAPITAL

Based in southern Utah, Advanced Commercial Capital provides business loans through a system known as factoring: a business in need of quick cash essentially sells its outstanding accounts receivable to a financial institution (called a "factor"), and that institution buys those accounts at a discount as its fee for the service. Those fees, which would be somewhat comparable to an interest rate on a loan, typically range from 5.5% to 10%, depending on the credit risk of the invoices purchased by the factor. Those rates are significantly lower than most business loans provided by other services in our review.

When deciding to work with a client, ACC looks to see if the business is essentially successful but having issues with managing their cash flow as they provide goods and/or services to stable customers with good credit. The initial application form is somewhat lengthy; prospective customers must provide detailed information regarding their business, including the structure (for example, sole proprietorship, LLC, and so on), owner(s), primary industry, and at least two trade references. Once the application has been submitted, ACC typically renders a decision within 72 hours. After receiving an original invoice and supporting documentation, businesses can expect to have the funds within 24 hours.

When evaluating ACC's reputability as a business loan provider, we noticed several things that could be cause for concern. First, we were unable to find a Better Business Bureau rating for Advanced Commercial Capital; along with a LinkedIn profile showing that the company has 10 or fewer employees, ACC does not seem to be a key player in the business loan market. Also, both the blog and the Facebook page for Advanced Commercial Capital haven't been updated since 2014, again leaving us to wonder exactly how active ACC is within the lending market. On a positive note, a call to the toll-free number featured prominently at the top of ACC's website was answered quickly; the representative reassured us that they are still very active in the lending industry and that they are working on updating both the Facebook page and the blog in the near future.

In summary, ACC may be the perfect lender for established businesses that want an alternative to a traditional business loan and interest rates that are potentially much lower than what they could obtain elsewhere. However, because Advanced Commercial Capital focuses primarily on factoring-type lending, they may not be the best fit for a large number of potential customers, especially those who are looking for startup cash.

Visit Site >

CAPITAL LOAN HUB

CapitalLoanHub claims to connect businesses with lenders for no-collateral business loans up to $500,000. While this may be accurate, we found too few details about CapitalLoanHub to know if they are a trustworthy partner for a process that involves such a large amount of money and personally identifiable information.

For example, most reputable lenders and referral services have multiple ways to communicate, whether that's via live online chat, a toll-free number, or all of the above. The only contact methods offered by CapitalLoanHub are an online contact form and an email address - despite being told in the FAQ that prospective customers can call or visit one of their storefronts with any questions. Given that they list their physical address as being on the island of Nevis in the Caribbean, we feel that most American-based businesses will be uncomfortable sharing their private information with CapitalLoanHub, even just to be connected with another (hopefully reputable) lender. There is no guarantee that their information will be kept secure during the process of matching them with possible sources for a business loan.

Even on CapitalLoanHub's "Do I Qualify?" page, there are no specifics as to their lenders' requirements. Do businesses have to be in operation for a certain length of time, have a minimum level of monthly income, or provide a Social Security Number for at least one of the applicants? There's no way to know without providing information; even the "Get Started Now" form has options ranging from "not yet in business" to "5 or more years" time in business, but many business loans are not offered to startups or newer companies.

With so little to prove that CapitalLoanHub is a reliable source for business loans, we can only give them a low rating at this time. We believe you'll have a much more secure and successful process in obtaining your next business loan with one of the higher-rated lenders in our review.

Visit Site >


Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of Advanced Commercial Capital and Capital Loan Hub.

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!



Business Loans In The News

Storefront lender accused of pushing customers into taking out big loans without interest rate caps

California regulators want to seize Cash America Advance's license, alleging the storefront lender duped customers into taking out installment loans with triple-digit interest rates. The California De...

Published:  Mon, 17 Sep 2018 21:50:00 GMT



Wells Fargo Faces New Challenge as Business Loans Decline

After facing problems in its consumer lending operations, Wells Fargo's (WFC - Free Report) commercial lending business is also plagued with challenges now. At the Barclays 2018 Global Financial Servi...

Published:  Mon, 17 Sep 2018 06:24:00 GMT



Loomis Sayles Announces Senior Loan Portfolio Manager Retirement

Kevin Perry, portfolio manager on the senior loan team to retire in March 2019 Portfolios will be jointly managed by portfolio managers John Bell and Michael Klawitter BOSTON--(BUSINESS WIRE)--Loomis, ...

Published:  Tue, 18 Sep 2018 07:43:00 GMT



I'm a 27-year-old trying to launch a side hustle and pay back $25,000 in student loans - here's how I spend my money during a typical week

Since I want to avoid business debt and keep my monthly business expenses ... I pay at least $240 a month toward my student loans. I graduated with about $25,000 in student loan debt. This could have ...

Published:  Fri, 14 Sep 2018 16:12:00 GMT



NHI lands $300M loan

Executives of National Health Investors have finalized a $300 million, five-year term loan and paid down some of their revolving debt. Murfreesboro-based NHI struck the deal with a bank group led by W...

Published:  Tue, 18 Sep 2018 10:30:00 GMT



HFF Miami Team Secures $41M Loan for Cardinal Point's First South Florida Acquisition

About 68 percent of the loan - $32.4 million - was applied to the purchase ... Cardinal also will open a business center on the ground floor next to the lobby where tenants can hold meetings and confe...

Published:  Tue, 18 Sep 2018 08:38:00 GMT



Morris Loan and Investment celebrates 80 years in business

In the waning years of the Great Depression, just three years before the United States entered World War II, 37-year-old Herman Azell Morris launched Morris Loan and Investment in Springfield. Eighty ...

Published:  Sun, 16 Sep 2018 14:03:00 GMT



Highway 14 bridge work starts in Black Earth; state to provide no-interest business, home loans for flood victims

Two bridges in northwestern Dane County that were washed out by recent flooding are scheduled to be repaired by November, Gov. Scott Walker said Friday. Walker announced $2.8 million in emergency ...

Published:  Sat, 15 Sep 2018 04:15:00 GMT



Size and prodding lead to Stifel bank's rapid loan growth

This year it closed on the purchase of The Business Bank of St. Louis, renamed Stifel Bank. As for the increase in C&I loans, Stifel Bank & Trust CEO Chris Reichert said the bank's increasingly large ...

Published:  Fri, 14 Sep 2018 11:57:00 GMT



What Does It Really Take to Get a Small Business Loan

Growing your small business and taking it to the next level can be really difficult without external lending. As a small business owner, you need enough funds to cultivate business growth for your sma...

Published:  Mon, 17 Sep 2018 05:18:00 GMT




We recommend

 

- View Full Site -