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12-28-2014, 12:27 AM #1
- Join Date
- Dec 2014
- Posts
- 2
if your clients meets the following i should be able to get him a term loan
Indicative General Credit Criteria*
Borrower FICO > 620
Business Revenue (most recent tax return year) > $150,000
Business Net Income (at least 1 of last 2 tax return years) > $0
Years in Business more then 2 yeras
Bankruptcies, Current Tax Liens, Judgments, Criminal Activity No prior history
No Sole Proprietorships
*The listed indicative credit criteria are solely included for guidance in referring clients. Please contact the BD Funding Referral Partner Team with any questions.
Required Documentation (for all applications)
3 Years Business Tax Returns
1 Year Personal Tax Returns
6 Months Business Bank Statements
Interim Financials (YTD P&L and Balance Sheet) - only for >$200k requests
Business Debt Worksheet** - only for >$200k requests
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