Below is our updated Temporary Guidelines.



Due to the current COVID-19 situation*



Max Term for the all SIC Code 7 months (1st pos) – Funding Cap up to 50K***



No High gross 1st



No MCA Consolidations and/or payoffs



No 2nd Position **Exception maybe granted



WE ARE ONLY FUNDING Essential business ONLY - ALL STATES



Mid Risk Pricing (Express program Stips)



Max Advance $20,000

Max Advance $50,000 (ONLY for Key Essential Businesses i.e Healthcare)

Min Advance $5,000



7-month max Term (Pending on hard hit areas only 4 months)
Min 2 yrs TIB
Min 600 credit score
Average Min monthly sales $35,000
Average Min ADB $1,500
No second positions, No refinances, No consolidations- This only for TRUE first positions
We will review last three months of average, but use MTD (The last 2 weeks are key for pricing)
If greater than 40% (Auto Decline)
Must be open - Merchant must submit Adjustment hours and Staff - Video Recording During Merchant Call to show proof they are open.
No One man office / Merchant
Funding time frame is case by case
10 points upsell













Trucking

Time in Business: 5 years
Credit: 600 (Below – pending what on the credit- approved by Management)
10 Trucks or more (Must be operational and owned not leased)
Min Sales (income per month not average): 100K
Funding Cap 20K
Max Term 4 months
Must provide upcoming shipment orders

Essential Businesses

Food

Restaurant Take out ONLY

Healthcare:

* Most Medical Practices (including dentists and chiropractors) (MUST BE OPEN)

* Pharmacies

* Medical Laboratories

* Nursing Care Facilities

* Home Health Care Services

* Veterinarians

* Medical Equipment and Supplies

Retail:

* Grocery Stores

* Liquor Stores

* Tobacco Stores

* Convenience Stores

Services:

* Funeral Services

* Laundry and Dry Cleaning Services

* Building Cleaning and Maintenance

Specialty Trade Contractors:

* Plumbing, Heating, AC

* Electricians

Automotive:

* General Automotive Repair

* Tire Retreading and Repair

* Transmission Repair

* Glass Replacement

Manufacturing:

* Consumables (Food, Beverage and Tobacco)

* Food Product Machinery

* Medical Devices, Instruments and Supplies

* And other Manufacturers supporting all approved industry types





Thank you