Business Credit Programs Available

These are the programs that I currently have available. I will add more as I check out the companies that offer them.

New Business

This is where most people will start.

Yet to be created or young businesses. Looking for $150,000-$300,000

Requirements:

* CFO has a 720+ credit score
* Clean credit history, no derogatory mark.
* Maintaining a clean profile through the program, this includes avoiding mortgage changes and additional car loans during the program

Timeline:

* Weeks 2-4 : incorporate and structure the company. If you are already incorporated, 1-2 weeks to review it for issues pertaining to tax liens, existing loans and hidden financial problems
* Weeks 3-8 : Business Bureau registering and the first round of funding
* Months 4-8 : Aggregate totals of credit secured
* Months 9-18 : reducing of APRs, increasing of Limits, removal of Personal Guarantors

Middle Business - Program temporarily unavailable

If you already have a business that has been actively operating for at least 18 months, you may qualify for this one.

Existing businesses with history – larger funding rounds and aggregate totals. Looking for $150,000-$1,000,000

Requirements

* CFO has a 700+ credit
* Clean personal credit history, no derogatory marks
* Clean business profile
* Existing paydex score of 80+
* 2 years in existence
* 2 years tax summaries
* Existing business bank account
* Any other financials of a positive nature; PLs, Receivables

Timeline

* Weeks 1-3 : review the corporation for issues pertaining to tax liens, existing loans and hidden financial problems
* Weeks 3-6 : Business Bureau registering and the first round of funding
* Months 2-8 : Aggregate totals of credit secured, depending on amount requested
* Months 7-12 : reducing of APRs, increasing of Limits, removal of Personal Guarantors

Strong Business - Program temporarily unavailable

If you qualify for this level, you have probably been actively seeking to optimize your business to obtain credit or you have a very successful ongoing business.

Existing businesses with strong history – larger funding rounds and aggregate totals. Looking for $1,000,000+. This is a custom program that must be underwritten to ensure the company is too strong for Middle Business

Requirements

* CFO has a 680+ credit
* Clean personal credit history, no derogatory marks
* Clean business profile
* Existing paydex score of 80+
* 2 years tax summaries
* Existing business bank account
* Any other financials of a positive nature; PLs, Receivables

Timeline

* Weeks 1-3 : review the corporation for issues pertaining to tax liens, existing loans and hidden financial problems
* Weeks 3-6 : Business Bureau registering and the first round of funding
* Ongoing : Aggregate totals of credit secured, depending on amount requested

Starter Program

NOTE: Unlike the other programs listed here, this program is for personal lines of credit. NOT business lines of credit. It's purpose is to get you ready for the New Business program.

Companies and individuals who don’t have the requirements for New Business – funding totals are not guaranteed, but estimated at $50,000 - $75,000

Requirements

* You have a 660+ credit
* No Bankruptcies
* If an existing business, clean business profile
* If positive financials are available, please provide them

Timeline

* Weeks 1-3 : To set up a corporation or review the existing corporation for issues pertaining to tax liens, existing loans and hidden financial problems
* Ongoing : Rounds of funding