Apply for Unsecured Business Loan

Items Required:

• 3 Months of Business Bank Statements and 3 Months of Business Merchant Account Statements
• OR
• 6 Months Business Bank Statements if Merchant Does Not Accept Credit Cards
• 1-Page Application

Minimum Criteria

• 500 FICO
• $6-8k monthly revenue (on average)
• 6 months in business with no credit card processing
• 3 months in business if business takes credit card processing
• 67% of ownership required
• Max Negative Days: 7 days

Loan Terms & Conditions

• Funding Amounts: $2,500 – $1,000,000
• Repayment Types: Daily, Weekly or Twice Weekly, Bi-Monthly, Monthly
• Payment Types: ACH
• Repayment Duration: 3-18months
• Tax Liens: Greater than $50k need to be in a payment plan

Business Entity Criteria

• Business must have enough money in business account to handle debt load during and at the end of each month.
• 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 2 positions; must net 50%
• Credit Pull: None to Soft
• Credit Card Splits: No
• Positions We Fund: 1st and 2nd
• COJ: Not required
• DocuSign Contracts Available in some cases.