BANK LINE OF CREDIT
- 680+ credit
- Tri – Merge credit report
- Below 25% utilization on all revolving Personal credit lines(we can consult the client on that we will still Pre-approve if over utilized)
Document Qualification
- Tri – Merged credit report (mandatory)
- 2 years personal and business tax return(optional)
- Debt schedule, balance sheet , P&L (optional)
- 6 months business bank statements(optional)
Aside from the credit report the Documents above are only mandatory if looking for over $150k.(More documents may be requested from the banks as the program progresses)
Preferred Industries
- Medical
- Consultants
- Accountants
- Law services
- Hospitality
- Restaurants
0% INTEREST BUSINESS CREDIT CARDS
Requirements
- 725+ credit
- Tri – Merge credit report
- Below 25% utilization on all revolving Personal credit lines(we can consult the client on that we will still Pre-approve if over utilized)
TRUE STARTUPS can utilize this program to get their business moving and declines can be monetized by utilizing a Co Signer!
- This program has NO minimum Time in business requirement
- NO minimum revenue requirement
- Keep in mind as well both of these programs can be run with a Co signer as well!
- MCA positions do not matter for either of these programs and neither do MCA Defaults!!
- Bank loc may depend on if high MCA debt affects their debt schedule, we do have ways around
- Typical Turnaround time is between 2 – 4 weeks depending on a few factors.
THIS IS BUSINESS FINANCING!! NO CREDIT CARD OR LINE OF CREDIT WILL REPORT ON THE PERSONAL CREDIT(unless the client goes 150 days late)
The success fee can be charged as 10% 12% or 15% depending on what the client / partner is comfortable with. All Industries are accepted!
NOTE: Please refer to this LINK, if you are not able to provide your Tri – Merge credit report.