[PFG-Jacob]

The economy/market has tightened up a bit from previous years but many are still funding. Minimum credit requirement for our term loan is 680's+ and then for our stated income credit card programs needed 700's+ across all 3 bureaus. We are seeing bank rates ranging between about 7%-18% for uncollateralized lending right now. Some recent scenarios of funding we have been able to provide clients:

Business Credit Card Program
Client qualifications: 761/765/753 credit scores and had a 7% revolving credit utilization with their highest credit card limit given at $30k. This client even had one 60 day late payment on their report.

Client started processing on May 6th and just received a total of $90k in revolving business credit cards for liquidity to buy supplies with 12 months of 0% interest.

Term Loan Program -Very strong client not the typical but was recently referred.
Client qualifications: 850/836/838 scores and claimed $756,777 of personal income with about a 15% Debt to income ratio.

This client already obtained some business financing and was looking for additional working capital. Finished underwriting with a total of $320,709 in additional funding.

Another client has 683/733/750 with a personal income of $300k with a debt to income ratio of 20%. They're prequalified conservatively for $70k-$120k with our Term Loan as of last week. They have not moved forward into processing yet so no final numbers.

These are just some recent example of clients we have gotten funded. I do not have the exact numbers for what interest rates the client obtained from the lenders, I would have to reach back out to the clients to get that specific numbers, but they seemed very pleased. Every situation is different because each clients credit/income/debt are different. We always do a soft pull prequalification in order to give a client back their projections without adding any inquiries that will hurt their credit. If anyone needs any other references feel free to check out our website/google reviews or give me a call. Thank you again Steven Benjamin for the suggestion on adding some examples of recent files we have funded!