Personal Loans Specialist, CapCredit.com, Acquires $207,000 in Venture Capital
CapCredit.com announces the acquisition of funding from two venture capitalists as a strategic move for the expansion and growth of the company.
Online, August 8, 2012 (Newswire.com) - People who have less-than-perfect credit scores all have one issue in common: acquiring personal loans - which can be used to get out of debt - which proposes to be a challenge. The mere thought of having to apply for short-term loans is already difficult to accomplish. Most banks, financial institutions and lenders expectedly turn down applications of people with bad credit.
Cap Credit specializes in offering personal loans to individuals with bad credit. Loan qualifiers are those who are at least 18 years of age; have had their current job for at least 90 days and take home at least $1,000 per month; keep a bank account; and have a work phone number, home phone number and valid email address.
Demonstrating its long-term growth potential, CapCredit.com has received $207,000 from two venture capitalists in return for 5% equity in the company. The new funding will help the Lusby, Maryland-based company continue its growth into the future, in order to meet both short term and long term goals.
"The deal was accepted as part of our strategic partnership plan not for the money. Both VC's have many years of experience in this niche and their connections will be used to grow Cap Credit ™," explained Rob Living of Cap Credit.
CapCredit.com enables visitors to apply in a virtually hassle-free manner that is simple and straightforward. Applicants simply have to visit the page, complete the online application form, and wait for a lender to typically notify approval within one hour. At CapCredit.com, cash advances can range from $100 to $1,500, but typically $1,000 is the maximum amount per loan. Applicants may also apply for a credit line of up to $12,500.
CapCredit.com clarifies that it is not a lender and does not offer any loans of any kind or make credit decisions; it simply securely submits the applicant's information to the lenders it works with. The company has passed an audit by independent company TrustGuard, and was awarded a security, privacy and business certificate which confirms that it is a legitimate business with the proper security features in place.
To learn more about the personal loan services at from Cap Credit and its newest partnership with venture capitalists funding, please visit http://www.capcredit.com for more details.
