Results 1 to 10 of 10
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09-12-2014, 12:58 PM #1
- Join Date
- Sep 2014
- Posts
- 262
Tired of loosing customers because of High Rates? Loan Size: $25,000 to $500,000
Flexible Loan Size: $25,000 to $500,000
Low Interest Rates: 8.99% to 20.99%
Manageable Payments: 2 to 5 year terms; fixed monthly payments
Transparent Fees: No extra fees beyond the loan origination fee of 2.99%
This program was shut down in 2016 - this post was 2014Last edited by michaelh; 09-06-2017 at 03:51 PM.
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09-12-2014, 01:01 PM #2
- Join Date
- Dec 2012
- Location
- Corona del Mar, California, United States
- Posts
- 4
what is the criteria to qualify for this?
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09-12-2014, 01:35 PM #3
- Join Date
- Sep 2014
- Posts
- 262
At least 1 years in business for most businesses § Annual Sales/Revenue > $250,000
§ At least 2 full time employees other than the owner
§ FICO > 630
§ t least 2 years of “clean” personal and business credit history
§ No personal or business bankruptcies within the last 3 years
§ Limited unresolved personal or business tax liens
§ No current delinquencies on business loans
§ No home based businesses
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08-24-2017, 11:29 AM #4
- Join Date
- Sep 2016
- Posts
- 99
any restricted industries? Is this rev based?
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09-05-2017, 05:03 PM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
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09-05-2017, 06:00 PM #6
- Join Date
- Jan 2016
- Posts
- 435
Tired of loosing customers because of High Rates? Loan Size: $25,000 to $500,000
This sounds like Fundation
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09-06-2017, 08:03 AM #7Karen37aGuest
to have "real business credit", not tied to your personal credit or with a personal guarantee you must( usually) be in business 3 years, then you must be proactive to create a business credit profile.
Once you do that you can start to build business credit. so
If someone did it immediately...they would have 2 years of clean business credit on the 5-7th( or never) year of incorporating/llc....unless they are extremlly business savvy in regrds to business credit and finance or wealthy or initially funded thru outside sources
People cant ask for things they cant qualify for, nor should qualify for.Most brokers never know the exact underwriting guidelines and just funnel off applications to Funders /lenders with no hope of ever getting approved and just blanket hit the merchants credit report.
So if they have low to no business credit is that ok? ( which is our primary market)
Which business scoring model are you looking at and whats the min business score.Last edited by Karen37a; 09-06-2017 at 08:15 AM.
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09-06-2017, 03:53 PM #8
- Join Date
- Sep 2014
- Posts
- 262
Guys we discontinued this program in 2016 - This was a post from 2014
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09-06-2017, 04:38 PM #9
- Join Date
- Mar 2016
- Posts
- 657
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09-06-2017, 04:38 PM #10
- Join Date
- Mar 2016
- Posts
- 657
I always knew there's a reason these posts are time-stamped
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