SMALL BUSINESS LOANS
MERCHANT CASH ADVANCE
Minimum Guidelines
A few “basic” minimum guidelines must be met for businesses to qualify. It’s an industry standard and also depends on the type of business. We have a funding solution available to help you progress, no matter your business needs. We specialize in unsecured business funding made fast and simple. Whatever you need funding for, we can help.
Section Title
Minimum Criteria
- 500 FICO
- $6-8k in monthly revenue each month.
- 4 to 6 Income deposits each month - (Depends on Industry)
- Six months in business with no credit card processing.
- Three months in business if the company takes credit card processing.
- 67% of ownership is required.
- Max Negative Days: 7 days.
Loan Terms & Conditions
- Funding Amounts: $10,000 - $1,000,000
- Repayment Types: Daily, Weekly, or Twice Weekly.
- Payment Types: ACH.
- Repayment Duration: 3-18 months.
- Tax Liens: Greater than $50k need to be in a payment plan.
Business Entity Criteria
- Businesses must have enough money in the business account to handle the debt load during and at the end of each month. (Compensating factors do apply)
- We fund home-based businesses.
- Sole proprietorships are OK - 1 year in business with business bank statements.
- No international businesses.
- Citizenship: US Citizen.
- (Permanent residents will be considered for deals up to $50K).
- Payoffs: Up to 4 positions; must net 50%.
- Credit Pull: Soft (Does not affect personal or business credit).