UNSECURED BUSINESS LINE OF CREDIT
» 680 minimum credit for all 20%+ owners
» No collateral needed
» Must be under same ownership for two years or more
» Annual gross must be $300,000 or more
» This program excludes: Restaurants, bars, nightclubs, coin operated companies, real estate investors, construction companies, real estate agencies, mortgage companies, hair salons, nail salons, tanning salons, car dealerships, trucking companies, commodity brokers, check cashing agencies, ATM companies and “adult themed” companies.
» Applies to ONLY the following states: AZ, CA, CO, CT, IL, MA, MD, NJ, NV, NY, PA, and TX
» Requires only the first page of 2006 corporate return and application.
SALE LEASEBACK
» 640 minimum credit score required
» Uses equipment that is free and clear under the company
» Must be in business for two or more years
» Annual gross must be $300,000 or more
»* Does not apply to ATM companies or small hand tools.
»* No state restrictions.
» Requires application.
SALE LEASEBACK “YELLOW IRON”
» NO MINIMUM CREDIT REQUIREMENTS!
»Uses equity in heavy equipment that the company owns (Cranes, dumptrucks, etc.)
» ONLY 1 DAY IN BUSINESS REQUIRED!!!
» Requires application.
UNSECURED RESTAURANT LOAN
» NO MINIMUM CREDIT REQUIREMENT!!
» Must be in business for six months
» Must be projected to do $360,000 in revenue.
» Requires three months of bank statements and last month of credit card processing to prove revenue.
All programs typically fund within three weeks from application.