This financing program based on business revenue generated from month to month. This is a short-term, fast financing solution that can provide a business immediate financing.
To Qualify:
- Business owner has at least a 520-personal credit score
- At least $150,000 in business gross revenue per year
- At least 10 deposit transactions per month
- In business for 1 year
- Business able to provide 6 months’ merchant or bank statements
- Lease or own business location
Terms:
- $5,000-$1 million
- 3-18 Month Term
- 1.10-1.45%
- Lenders typically approve 10% of annual gross revenue