[aredmond]

My guess is this is an effort to compete for the Dealstruck/fundation-type clients? Do you all look at profitability? What is the minimum credit score for this program? Agreed, this looks like a great program especially if you are "looser" in underwriting than the Fundation-type lenders, can you provide detail on who would actually qualify for this product?

Carl,

There is a lot of requirements that go into qualifying for a deal like this. It really comes down to our proprietary scoring model. It factors in TIB, Credit(business and personal), SIC, State, liens, Bankruptcies in the past, charge-offs, tradelines, etc.. There is more to list but it has to score above a 200 in our system. Obviously that number really means nothing to you from an external standpoint. I would say the main 3 that weigh the heaviest towards the score are time in business, personal credit, and business credit. The IPV score must be above 70.

Basic guidelines: 4 years plus in business, 650 fico, 600k annual revenue