Loan Details

Business Loan Program Details

Underwriting Guidelines. Minimum Qualifications. Approved Industries

UNDERWRITING GUIDELINES & MINIMUM QUALIFICATIONS

Preferred Industries:

  • Minimum Equifax credit score of 551
  • Minimum 1 month time in business (same ownership)
  • Minimum monthly sales of $17,000
  • Loan amounts up to $500,000 for single entities
  • Loan amounts up to $750,000 for multiple entities
  • Fixed terms from 12 to 36 Months
  • We can pay off up to 2 competitors

Expanded Portfolio:

  • Minimum Equifax credit score of 601
  • Minimum 2 years in business (same ownership)
  • Minimum monthly sales of $17,000
  • Loan amounts up to $500,000 for single entities
  • Loan amounts up to $750,000 for multiple entities
  • Fixed terms from 12 to 36 Months
  • We can pay off up to 2 competitors

LOAN PROGRAM ADVANTAGES

Higher Loan Amounts. Longer Terms. Lower Payments

  • Loan amounts from $5,000 to $1,000,000
  • No collateral required on amounts up to 750,000
  • Repayment terms from 12 to 36 months
  • Same-day approvals and fundings in under a week
  • Minimal documentation is required
  • Interest-only options are available
  • Up to 50% principal deferment for lowest payment
  • All loans come with an optional line of credit
  • Fast access to 5 loan drafts over a 6-month period
  • Repayment is not tied to credit card transactions
  • Early pay-off options are available
  • The interest paid is tax deductible

APPROVED INDUSTRY TYPES (B2C - PREFERRED)

  • Acute Care Facility
  • Auditory Center
  • Automotive Parts Store
  • Automotive Repair
  • Automotive Services
  • Bakery/Catering
  • Bar
  • Barber Shop
  • Beauty Salon
  • Bed & Breakfast
  • Bicycle Shop
  • Book Store
  • Bowling Alley
  • Café in Fitness Center
  • Cancer Radiology Center
  • Candy Store
  • Car Wash
  • Cheese Store
  • Chiropractor
  • Cigar Store
  • Coffee Shop
  • Cosmetic Surgery
  • Dentist
  • Orthodontist
  • Gourmet Popcorn Store
  • Grocery Store
  • Hardware Store
  • Home Healthcare
  • Hospital
  • Hotel/Motel
  •  Ice Cream/Yogurt Store
  • Liquor Store
  • Mail & Package Store
  • Diagnostic Imaging Center Mall Food Outlet
  • Doctor
  • Dry Cleaner
  • Drug Store
  • Florist
  • Food Gift Basket Store
  • Cancer Treatment Facility
  • Gourmet Food Store
  • Medical Spa
  • Movie Theatre/Playhouse
  • Nail Salon
  • Nightclub
  • Nursing Home
  • Optical/Vision Store
  • Pet Grooming/Boarding 
  • Pet Store
  • Pharmacy
  • Photo Studio
  • Physical Rehabilitation
  • Prepackaged Meals
  • Quick Copy
  • Printing
  • Restaurant
  • Retail Store
  • Smoothie Shop
  • Sporting Goods Store

APPROVED INDUSTRY TYPES (B2B-EXPANDED PORTFOLIO)

  • Accountant
  • Aerospace
  • Alternative Energy Production
  • Architect
  • Architectural Services
  • ATV/Golf Cart Dealer
  • Bottling & Distribution
  • Brewery
  • Building Equipment
  • Building Materials
  • Business Services
  • Cable & Satellite TV Production
  • Chemical & Related Manufacturing
  • Commercial Cleaning Services
  • Commercial Inspection Services
  • Commercial Landscaping & Design
  • Communication Company
  • Computer Software
  • Defense Contractor
  • Defense Electronics
  • Distillery
  • Drug Manufacturing 
  • E*Commerce
  • Electronics Manufacturing
  • Engineer
  • Food Manufacturing
  • Food Processing & Sales
  • For-profit Education
  • IT Hardware Sales
  • IT Services
  • Legal Services
  • Locksmith & Security
  • Manufacturing
  • Meat Processing & Products
  • Medical Equipment & Supplies
  • Nutritional & Dietary Supplies
  • Pharmaceuticals & Health Products
  • Podcast Producer
  • Printing & Publishing
  • Professional Sports Arena
  • Radio Station/Services
  • Sports Equipment & Services
  • Steel Fabricator
  • Steel Production
  • Telecom Services & Equipment
  • Textiles
  • Tractor & Lawn Mower Sales
  • TV Station/Services
  • Waste Management
  • Wholesale