Working Capital Loan Criteria
$10,000 - $100,000 |
Criteria |
Retail Businesses |
Retail Businesses Challenged Credit |
Non-Retail |
| TIB |
1 |
2 |
4 |
| FICO |
600 |
540 |
640 |
| Required Statements (all pages) |
3 Bank Statements
3 CC Statements |
3 Bank Statements
3 CC Statements |
6 Bank Statements |
| Monthly CC Average |
$5,000 |
$10,000 |
N/A |
| Average Bank Balance |
$5,000 |
$5,000 |
$10,000 |
| Ending Bank Balance |
$5,000 |
$0 |
$10,000 |
| Yearly Revenue |
$100,000 |
$300,000 |
$250,000 |
| Term |
Up to 12 months |
6 months |
6 months |
| Maximum Loan |
$100,000 |
$50,000 |
$50,000 |
| Target & Restricted Industries |
Target Retail Businesses:
Restaurants, Bars, Nightclubs
Hotel/Motel
Health Spas/Salons
Dry Cleaners
Printers
Beauty Shops
Medical Practices and Clinics
Most Franchised Concepts
Home Health Care
Veterinarians
Bakeries
Auto Repair
Most Retail Stores
Car Washes |
Restricted Industries:
Adult Entertainment / Materials
Accountants & Attorneys
Auto / Truck Dealerships
Adult & Kid Gyms / Family
Activity Centers
Construction Related Industries
Gambling Establishments
Home-based businesses (Excluding Internet Retailers)
Manufacturing
Marinas / Boat dealers
Mortgage Brokers / Real Estate
State & Government Agencies |
