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LINE OF CREDIT
Wondering if you qualify for our line of credit? The answer is yes if you meet the following criteria:
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FICO 601
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Brick-and-mortar location
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Company checking account
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Company EIN
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Operating business for one month. Minimum gross revenue of $200,000/yr. ($17,000/mo.)
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For example, if THIS LOC IS FOR AN acquisition of a new business and the new owner (borrower) has not operated for more than 30 days, the borrower's existing business must qualify. There are alternatives to handle this situation> LEARN MORE
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This income must be supported by deposits into the business's bank account (not Personal Account)​
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Under special situations, a FICO of 551 + 1 month in business is considered. Let's discuss your unique situation and find the best solution for you.
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