Business Loan

 

 

Get a Business Loan.....FAST!

 

 

Get a business loan quickly through our Business Lending partner, Smartbiz.



GENERAL REQUIREMENTS

+ 2 years in business (with corresponding tax returns)
+ For-profit business
+ Proceeds: Working Capital, Debt Refinance, Equipment Purchases
+ Individuals owning 20% or more of business must be US Citizens or Legal Permanent Residents
+ Individuals owning 20% or more of business cannot work for SBA or have criminal background
+ Individuals owning 20% or more of business must not have defaulted on any government-backed loans
(including FHA and some student loans)


CREDIT

Good Personal Credit
+ Minimum Personal Credit of FICO 650
Business Credit Score (LiquidCredit)
+ 150 or greater
Public Records search for business owners
+ No bankruptcy in past 3 years
+ No foreclosure in past 3 years
+ No open tax liens


CASHFLOW

+ 2 years of business and personal tax returns
+ YTD Profit & Loss and Balance Sheet
+ Business Debt Schedule

$30,000 to $350,000

Unsecured

Funds in 7 Days


$500,000 to $5,000,000

Commercial Real Estate Loan

Refinance or Purchase

Terms

Loans from $500,000 to $5 million

Interest rates from 6.00% - 7.25%

Repayment term of 25 years

Qualifications

At least 51% of the square footage of the property must be occupied by, and used by, the business

The business must be 3+ years old

Personal credit scores above 675