Approval Amounts: Up to $5 million
Term: Variable
Rates: 6.25% – 25%
Credit Requirements: Personal credit score 500+
To Use For Purchase:
Time in business – 2 years or greater
$10,000 or higher deposited monthly in your business bank account
Some financial services industries are prohibited
To Use For Collateral:
Time in business – 2 years or greater
Equipment purchased within 30-45 days via cash or credit card with invoice that shows that Equipment could have been purchased via equipment vendor
Deal Submission Requirements: Equipment invoice, Business bank statements with 6 months revenue to support equipment payment
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