FAQs about Advantage Capital
Q: What is Advantage Capital?
A: The company claims to provide working capital to small businesses focused on growth in underserved communities. They work with businesses at the start-up and expansion stage and may offer to provide equity capital, which is cash to help fund the business’s growth. Additionally, they state that the capital they provide can be used for equipment purchases, expansion, ownership transition, or purchase of real estate.
Q: Why would a business owner work with Advantage Capital?
A: The company may offer funding options to small businesses that may be struggling to qualify for traditional loans making it easier to get cash fast.
Q: How are loans with Advantage Capital repaid?
A: Often, businesses must use a portion of sales to repay small business loans like those from Advantage Capital. This may be done on a daily, weekly or monthly basis. The frequency with which payments are made determines the loans APR. These loans may also include a confession of judgment against the business owners. This is a legal document that can be easily misunderstood and forced upon a business owner in order to get the cash or loans needed for their business.
Q: Where is Advantage Capital located?
A: St. Louis
7733 Forsyth Blvd. Suite 1400
St. Louis, MO 63105
Phone: (314) 725-0800
909 Poydras Street, Suite 2230
New Orleans, LA 70112
Phone: (504) 522-4850