QUALIFICATIONS
Business Revenue Lending
Collateral Required: Consistent revenue verifiable through business bank statements
Approval Amounts: $10,000-$5Million
Term: 6 Months-10 years
Rates: 4%-30%
Credit Requirements: Personal credit score 500+, no recent bankruptcies
Details:
At least $10,000 in monthly gross revenue. (Last 4 months' business bank statements to reflect)
Time in Business – 4 months or greater
Business must make over 5 deposits each month months
Some financial services industries are prohibited
Additional Information: Rates, Terms, and Approval amounts are based on creditworthiness, revenue, and length of business.
Deal Submission Requirements: Application, 4 months business bank statements
Business Line of Credit / Term Loans
Collateral Required: Consistent revenue verifiable through business Bank Statements & Tax Returns
Approval Amounts: $10,000-$5 Million
Term: 12 - 60 months
Rates: 1.30% - 12.99%
Credit Requirements: Personal credit score 640+, no recent bankruptcies
Details:
At least $150,000 in annual gross revenue. (Last 4 month's business bank statements to reflect)
Time in Business – 1 year or more
Business must make over 5 deposits each month months
Some financial services industries are prohibited
Additional Information: Rates, Terms, and Approval amounts are based on creditworthiness, revenue, and length of business.
Deal Submission Requirements: Application, 20% Ownership, 4 months business bank statements
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