Results 1 to 7 of 7
Hybrid View
-
05-10-2023, 06:14 PM #1Senior Member
Reputation points: 1383
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
Steve is right and high utilization means sub 700 credit definitely....
Was 2022 even filed and if it was profit or loss?
Most banks will be capped at 10-20% Max of gross revenue if profitable. 7A requires 640+ credit.
To get an SBA 7a you must be profitable on YTD financials if not on taxes.
Is their A/R or R/E Assets?
3 ways to lend are Cash-flow, Credit or Assets....Last edited by GoldStandard; 05-10-2023 at 06:18 PM.
Reply With QuoteSimilar Threads
-
Client looking for $10M loan for a new business venture, what are his best options?
By bcifone in forum Business LoansReplies: 6Last Post: 05-17-2023, 10:39 AM -
ATTN: ISO's - Terms Up to 10 Months & Weekly Payment Options / Key Capital Group
By Key Capital Group in forum PromotionsReplies: 1Last Post: 09-01-2022, 02:37 PM -
New Low Risk MCA Program - Up to 10 Month Terms & Weekly Payment Options
By keycap123 in forum PromotionsReplies: 1Last Post: 07-27-2022, 04:11 PM -
A paper funder with long terms for startup ISO <1 year in business
By Inquisitive in forum Merchant Cash AdvanceReplies: 14Last Post: 04-19-2022, 05:06 PM -
Business Loan/ MCA - Long Island N.Y.
By Bank in forum Help WantedReplies: 0Last Post: 08-07-2015, 12:08 PM
