Working Capital Loan Payment and Account Information
Our working capital loan product differs from our other solutions because it's a completely paperless process, at every step. In most instances, your amortization schedule or a payoff quote request will provide the answers you need to manage your account.
When is my last payment due? Refer to your amortization schedule.
What is my balance? Refer to your amortization schedule OR request a payoff quote.
How many payments do I have left? Refer to your amortization schedule.
What are your rates?
The rate you get approved for is subject to a combination of factors, including but not limited to: your business credit. how long you’ve been in business. your personal credit. how much you’re looking to borrow, and for how long. We have access to some of the most competitive rates available. We will do our […]See Full Answer
What's next once I'm approved for a Working Capital Loan?
Once you are approved for Equipment Financing, the dealer is paid and you will receive the equipment. You are the owner of the equipment you are financing, and PEAC Solutions will have a security interest in the equipment. You will have options to upgrade your purchase when the time comes.
When can I apply for additional Working Capital Loan funds?
You can apply for additional funds or renew your Working Capital Loan once you are 50% through with your term payments. Contact [email protected] for more information.
How can I change my ACH account on file for my Working Capital Loan?
Due to the nature of the Working Capital Loan product, an ACH change is subject to our credit approval process. Please send us a voided check and bank statement for the account you’d like to change to so that our credit team can approve your request. Contact us at [email protected] for more information.See Full Answer
How can I confirm once my Working Capital Loan is paid in full?
Simply contact us by phone or email, or log in to PEAC Connect (formerly MyMarlin), to request your Zero Balance letter.
Can I get a payoff quote for my Working Capital Loan?
Yes, simply contact us by phone or email, or log in to PEAC Connect (formerly MyMarlin), to request your payoff quote.
How do I contact the Working Capital Loan team?
You can reach our team via email at [email protected].
Your final Working Capital Loan payment
Working Capital Loan payments are processed on the day they are due, and clear in 1-2 business days. When it comes to the last payment, though, it may seem like we debited an extra payment from your account, which most often is not the case.* Please refer to your amortization schedule. Then, if you still[...]