When applying for the loan, you have to specify how you are going to invest the money (machinery, electronics, vehicles, etc.). Once you apply, Alpha Capital Finance Limited may request proof to verify the purpose. If you can't provide proof or if the purpose is not as shown on the application, we may amend the loan conditions.

Yes, Alpha Capital Finance Limited could deny your loan. Please note that all financing is subject to prior approval by Alpha Capital Finance Limited. 

Applying for a business loan through a private investor is simple with Alpha Capital Finance Limited. We'll connect you with a Funding Specialist to help you understand your options. Contact us by email for this option [email protected]

Even though we do not charge a loan application fee for private loans through Alpha Capital Finance Limited, a third party broker may charge an application fee (and other loan fees) to cover the costs to process, submit, underwrite and review your loan application for private lending. 

1. Prepayment Penalties

Prepayment penalties are fees for paying off your loan before it is due to mature. If your  Alpha Capital Finance Limited charges prepayment penalties, it can mean that paying off a loan early saves you less money than you think when all is said and done.

2. Application Fees

These are fees you have to pay to submit an application. Before you do that, it's a good idea to be as confident as possible that you really want the loan, are likely to qualify for it and are comfortable with the terms. That way, you won't need to pay multiple application fees.

3. Late Fees and Returned Check Fees

If you pay late, you'll be charged a fee. Likewise, a bounced check can result in a fee, possibly from your bank as well as from Alpha Capital Finance Limited. 

A payment of more than 30 days late can attract a fee.To avoid late fees, you can set up reminders for yourself on a calendar or automate your payments, assuming that the account you are using reliably has enough money in it to cover the balance.

A non refundable loan application fee of €500,00 is charged to a potential borrower for processing and underwriting an application for a loan, such as a business or equipment loan. Loan application fees may vary or be waived if you are looking for a loan from a private lender through Alpha Capital Finance Limited.

Similar to an auto loan for purchasing a car, equipment financing allows a business owner to purchase a piece of equipment with payments made over time. Whereas with an equipment lease, a business owner can rent equipment with regular payments and without the intention of owning it. When the lease ends, there is typically an option to renew the lease again or return the equipment.

Typically, we only require basic information about yourself and your business. We may ask for:

• Business Tax ID
• Last three months of business bank statements (in some cases)
• Your business address
• Your full name

The first step towards getting a working capital loan is to understand your company’s business capital needs. You must figure out if you need money to buy equipment, hire skilled employees, or manage existing debt, or pay vendors for inventory.

The next step is to understand what are loan qualification criteria and loan application process of each lender. Most banks, traditional lenders, as well as alternative lenders might require you to put down collateral to secure the loan. If you are just starting your business, or have a poor credit score, you might have to look for private lenders that are looking for viable business to invest in.

Gather all your financial & business documents such as income tax returns, business income statement, business plan, and other such reports. When you submit the loan application, don’t forget to attach all these financial documents for lender’s assessment.

Once the lender approves your working capital loan application, read the terms and conditions of the loan before accepting the loan. Compare the interest rate, loan duration, and repayment frequency with other lenders in the market. Don’t hesitate to negotiate on loan terms if the lender is flexible.

Alpha Capital Finance Limited can link you with private lenders who are interested in investing in viable business that has a promising future.