Written by Janet Gershen-Siegel

We Review Pearl Financing and Pearl Capital Business Financing

Pearl Financing is a lender in the online space. However, there are two similarly-named players. This blog post will cover both: Pearl Capital Business Financing and Pearl Financing.

Pearl Financing

Pearl Financing is a lending company in the online space. They provide various loans and forms of financing to businesses.

Background

Pearl Financing is located online here: http://www.pearlfinancing.com/.

Their physical address is:
11010 Lake Grove Blvd
Suite 100 PMB 119
Morrisville, NC 27560.

You can also call them at: (866) 865-0121. Their contact page is here: http://www.pearlfinancing.com/contact-us/. Also, you can email them at: [email protected].

Small Business Working Capital

This offering includes SBA loans and MCAs.

Your company has to be a retail business with less than $6 million in sales. Or it can be a manufacturing company with fewer than 500 workers. Another option is to be a service business with fewer than 100 employees.

Fees

There is no application fee.

Asset Based Lending

This working capital financing is secured by your company’s accounts receivable and inventory. Their product offerings run from $250,000 to $50 million.

Fees

Their advance rates on accounts receivable go up to 90%. Also, there are up to 75% advance rates on certain inventory finished goods or raw materials.

Unsecured Lines of Credit

The amount depends on business size and profitability. It also depends on the owner’s personal credit. There is a 10-minute prequalification process.

Fees

The rate is 1 – 5 percent over prime for large lines of credit. There is a 0% introductory rate on business credit cards. Pearl Financing also offers credit checks for less than $45.

Advantages

Advantages include the very high loan amounts available. Also, a 0% introductory rate is available for business credit cards. For businesses which need a lot of funds, this could be a viable option.

Disadvantages

The chief disadvantage is mainly that the company could stand to distinguish themselves better from a similar company with a nearly identical name. As a result, borrowers can easily end up on the wrong site.

Pearl Capital Business Financing

Pearl Capital Business Financing is a lending company in the online space. So it is evidently unrelated to Pearl Financing.

They work with Independent Sales Organizations (ISOs) and merchants only. This online lender helps ISOs find more merchants to sign on with credit card payments or create merchant cash advances. There is no listing for their fees on their website.

Background

Pearl Capital Business Financing is located online here: https://pearlcapital.com/. Their physical address is in New York, NY. You can also call them at: (800) 888-9959.

Takeaways

The businesses which will do the best with Pearl Financing are going to be the ones with high financing needs but the companies themselves are currently not very large. Therefore, these are companies which are expected to grow quickly and meteorically. However, companies which need less funding have other options. Such businesses should make sure to compare offerings closely.

And finally, as with every other lending program, whether online or offline, remember to read the fine print and do the math. Go over the details with a degree of care.

Only you can decide if this option will be good for you and your company. In addition, consider alternative financing options that go beyond lending. These include building business credit, in order to best decide how to get the money you need to help your business grow. Business credit building is useful as it becomes a company asset.

Today, we want to hear from our audience! Share your voice with us about your experiences with online lenders.

Summary

Reviewer

Janet Gershen-Siegel

Review Date

2018-07-18

Reviewed Item

Pearl Financing

Author Rating

3