Loan Products

Below is a chart of loan products and requirements.

Business Profile Cash Advance Traditional Alternative Bank Only Express
Time in Business N/A 1 Year + 2 Years + 2 Years + 1 Year +
Credit Cards Accepted 3 Month Minimum 3 month minimum Not requried Not requried Not requried
% Ownership Required 51% 80% minimum 50% minimum 50% minimum 50% minimum
Owner(s) Personal Credit 580 + 600 + 500 + 620 + 500 +
 Cash Flow Profile
Estimated Year Revenue $150k + $150k + $300k + $150k + $100k +
Minimum Avg. Bank Balance/Month N/A $5k $3k $3k $1k
Minimium Ending Bank Balance (Current Month) N/A $5k $0 $3k $0
# of Negative Days Accepted N/A Up to 3/month; up to 6 in 3 consecutive Months Up to 6/month; up to 10 in 3 consecutive Months Up to 3/month; up to 6 in 3 consecutive Months Up to 3/month
Number of Insufficient Funds Incurred N/A Up to 5/month; Up to 10 in 3 consecutive months Up to 10/Months; Up to 20 in 3 consecutive months Up to 5/months, Up to 10 in 3 Consecutive months Up to 10/Month
Required Transactions/Avg. Month Volume 20 CC Swipes/$3K 20 CC Swipes/$3K 100 CC Swipes & $10k or 5 Bank Deposits 5 Bank Deposits 5 Bank Deposits
 Deal Maximum
Maximum Loan Amount $350,000 $150,000 $75,000 $100,000 $35,000
Maximum Terms 18 Months 18 Months 9 Months 12Months 6 Months
Equity Loans
Maximum Loan Amount $1,000,000
Maximum Term 3 Years
Minimum Loan Amount $50k
Minimum Term 6 Months

 

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