[MichaelP]

1 deposit in May 57k
8 deposits June 39k
6 deposits July 62k

Strong balances. Not sure what credit is.

[Bcooper]

1 deposit in May 57k
8 deposits June 39k
6 deposits July 62k

Strong balances. Not sure what credit is.

could do this as a sba 7a I have no credit or collateral requirements with my banks. give me a call.

[closer129]

1 deposit in May 57k
8 deposits June 39k
6 deposits July 62k

Strong balances. Not sure what credit is.

My company funds first positions 3 months in business and 6 months for stacks as long as its a strong file all around. I will need statements from the start of the business up to August mtd.

Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872

[Olderguy]

Personal loan if Fico is 700+

[Yankeeman07]

could do this as a sba 7a I have no credit or collateral requirements with my banks. give me a call.

If your bank is wanting a SBA Guarantee, their is a credit criteria.

Be creditworthy and demonstrate a reasonable ability to repay the loan.

Why are you posting this BS?

[Bcooper]

If your bank is wanting a SBA Guarantee, their is a credit criteria.

Be creditworthy and demonstrate a reasonable ability to repay the loan.

Why are you posting this BS?

The actual sba does not require a credit criteria but rather a worthiness criteria. The vast majority of banks settle on a minimum fico score. however, there is no rule in the SBA 7a sop that requires they use a FICO score model, in fact, the banks I work with use a delinquency model. You can have a 550 credit score and have no delinquencies, and I have put out term sheets, loi's, etc. on borrowers with scores well in the 500s via our SBA banks. I'd highly recommend you read the SBA 7a sop it's not a fun read but well worth it as you will find tidbits like this. Every bank has the freedom to decide what borrowers are worthy of the 7a ours decided not to use a Fico model. you should also be aware that the SBA itself was designed to help borrowers who lack traditional collateral, That being said most banks will add what we call shadow rules on top of the SBA requirement and only approve deals with what they determine to be appropriate collateral. I'm currently working on a file 640 Fico, no collateral, and 6+ MCA's and we got him approved for a 5 million sba. basically, Dave before you comment "this BS" do your research.

[Yankeeman07]

So you are attempting to convince us that a Bank approved a $5 Million loan, for a business owner that accepted 6 MCA - has zero collateral and a FICO of 640.

One of the criteria for loan approval is the business owners operational acumen - This merchant would not meet that threshold.

BTW - I have read and continue to study SOP 5010 - Version 7

[Bcooper]

So you are attempting to convince us that a Bank approved a $5 Million loan, for a business owner that accepted 6 MCA - has zero collateral and a FICO of 640.

One of the criteria for loan approval is the business owners operational acumen - This merchant would not meet that threshold.

BTW - I have read and continue to study SOP 5010 - Version 7

Do you want a copy of the term sheet? every bank has discretion when it comes to acumen and worthiness criteria, my banks choose to actually help people. It's not my fault that you've been working with banks that have strict shadow rules mate. feel free to send me a decline that was due to poor credit that wasn't due to delinquencies just over all score, you'll have eoi in two days and term sheet within a week.

[Yankeeman07]

Do you want a copy of the term sheet? every bank has discretion when it comes to acumen and worthiness criteria, my banks choose to actually help people. It's not my fault that you've been working with banks that have strict shadow rules mate. feel free to send me a decline that was due to poor credit that wasn't due to delinquencies just over all score, you'll have eoi in two days and term sheet within a week.

Sure, send me the copy of the Term Sheet

One of the criteria is the business is profitable. Tell us how a business that is operating with 6 MCA's is "profitable"

Am I eligible?
To be eligible for 7(a) loan assistance, businesses must:


Be an operating business.
Operate for profit.

[BizFund Canada]

1 deposit in May 57k
8 deposits June 39k
6 deposits July 62k

Strong balances. Not sure what credit is.

Hi There and Happy Friday all! Deal sounds fundable to me!
If you are looking to fund and/or stack deals in the Canadian market - we are ready and waiting! Please do not hesitate to send your Canadian business our way - turn around time from submission to funding is 24-48 hours. Min 25,000 gross monthly revenues.
Contact info follows below. Look forward to hearing from you.

Jodi Levy
Head of Sales, BD, BizFund Canada www.bizfund.ca
405 - 1018 Finch Avenue W. North York ON M3J 3L5
b: 416-224-2404 x301 c: 416-892-1600 e: jodi.l@bizfund.ca

[ESE5020]

1 deposit in May 57k
8 deposits June 39k
6 deposits July 62k

Strong balances. Not sure what credit is.

• We fund 6 Months TIB
• We do not check credit at all, so that does not matter to us.
• We offer daily and weekly options on all offers.

Feel free to reach out