Funding Requirements
700 credit score ( least 680 credit score)
8-10 Primary Accounts in your name
2 Credit Cards with at least $5K-$8K
Credit Card Utilization under 10% (15% lesser approval amount)
No Derogatory Remarks
No Active Bankruptcy
No Late Payments
No Collections
Inquiries-4 or less
Working Capital Funding
6 Months In Business
500 Credit Score Min
Business Bank Account
$10,000 Minimum Monthly Cash Flow (Deposits)
Business credit cards
Registered Active LLC or Corp
680+ FICO Score
No Derogatory Items in past 1 year
3 or less Inquires in past 30 days
$5K+ current credit card minimum limit ($25K lesser approval amount)
No late payments in 12 months (one 30-day late may be OK)
No Time In Business
Credit Card Utilization under 10% (15% lesser approval amount)
Business Term Loan
2 Years Time in Business
600+ FICO Score
$500,000 Annual Sales or $40,000 Monthly Deposits
Business Bank Account