Frequently Asked Questions

Who is Capital Business Credit?

Capital Business Credit has provided the wholesale and retail industries with specialized financing products for over 20 years. With offices in New York City, North Carolina, Los Angeles, and China, we are connected at every part of the supply chain – from seller to buyer, exporter to importer.

Our new Merchant Credit Line (MCL) product provides retailers with affordable and flexible financing. This product reflects decades of working with retailers as a trusted financial partner.

How does Capital Business Credit’s Merchant Credit Line (MCL) work?

There are two simple steps to set-up your Merchant Credit Line. First fill out an online application. Second talk with your dedicated CBC representative to explain a bit about your business. Your CBC representative focuses exclusively on lending to retailers so you get the best possible loan. Once approved you will receive a line of credit that you can draw against when you need it.

My retail business is seasonal – do I qualify for Capital Business Credit’s Merchant Credit Line?

We have over 20 years experience working with all types of retailers – especially apparel retailers. Our staff understands the seasonality of retail. We know the different dynamics for businesses that sell menswear vs. carpeting. All of this means that we can say “yes” when others can’t…even if you run a seasonal business.

What happens after I set up my Merchant Credit Line?

After setting up your line of credit, you can draw against it using our secure website or by calling your dedicated CBC representative. We will transfer the funds directly to your bank account.

How do I repay each draw against my Line of Credit?

Repayment is simple too. Each week we transfer a fixed repayment amount from your account. It happens securely and automatically so that you don’t have to worry about it. By paying back a little each week, you won’t face a big lump sum payment at the end.

Do I pay for my Line of Credit if I don’t use it?

No. You only pay interest on the portion of your line of credit that you use. For example, let’s say you have a $50,000 line of credit. If you draw $10,000 from your line of credit, you only pay interest on that $10,000. You don’t pay anything on the $40,000 line that you’re not using - that’s the way we think it should work everywhere.

How long will it take to complete an application?

We know you are busy running a business. Our application takes minutes – you can complete it online or by phone.

How much financing can I get?

Our line of credit product is between $20,000 - $100,000.

What can I use the funding for?

Our products are primarily for working capital. You can use your line of credit to act quickly when discounted merchandise is available, to establish relationships with overseas suppliers, and other activities to expand your business.

Will I be approved for a Merchant Credit Line from Capital Business Credit?

While banks and many lenders focus on personal credit scores, Capital Business Credit looks at your business’ complete picture, to include cash flow and trade history. That means we can say “yes” to many businesses that might have had trouble getting financing from other lenders.

What are the interest rates for my loan?

Our rates are lower than online lenders or credit cards. You may find lower rates at a bank, but bank loans can take up to a month to process – and that’s if you get approved. Our application process is fast. Because we have worked with retailers for over 20 years our costs are low and we pass that savings on to you.

When can I get the funding?

After we receive your complete application, we can set-up your line of credit in as fast as 24 hours. After we have established your line of credit, you can draw funds at any time.

Can I talk with a real person?

Your dedicated CBC representative will work with you and see your business’ complete financial picture. Your business is more than a spreadsheet of numbers for us. We are a financial partner that knows that ebbs and flows of the retail industry.