We know how to use a Business Line of Credit as a valuable component of creating your personal Funding Solutions and know how to utilize it to grow your business.
Requirements:
- 0% interest for 6-12 months
- No Minimum length in business
- Person credit score in all three bureaus
- Articles of Incorporation
- Credit Score: 725+
How we look and review a credit profile:
- 7+ years of personal credit history (not authorized user accounts)
- Relationships with major banks/lenders (Chase, Citi, AMEX) vendor cards such as department store cards or other retailers do not give their profile any “strength”
- High credit limits with major lenders ($10k+) again, must be their own personal account(s), not authorized users
- Low inquiries (5+ on any one bureau in the last 12 months is almost a guaranteed automatic decline)
- Low number of recently opened accounts (3+ in the last 12 months is an automatic decline)
- No negatives, with bankruptcies and any collections (open or closed) being an automatic denial
- Total credit utilization under 30% and total credit card debt less than $20,000
If you are trying to acquire personal term loans
- All of the above credit requirements
- Must show a current personal income of $50k+ a year
- Debt to income ratio under 35%
- Mortgage history/equity in your home is a major plus
- Personal loan history with other major lenders is a plus
Small Business Solution 