Business Line of Credit
ATTENTION BUSINESS OWNERS!
You were invited to our website to get approved for our Business Line of Credit. Business Line of Credit Program is designed for:
- Restaurants
- Beauty Salons
- Online Stores
- Beauty Salons /
- Spas
- Retail Stores
And More…
If you fall into one of the above, then our program is great for you. Use the money for supplies, inventory, payroll, advertisement, bills, anything.
BUSINESS LINE OF CREDIT IS AVAILABLE NATIONWIDE!
GUIDELINES:
This program has standard guidelines.
View below:
Credit Lines: $25K to $150K
Term: 12mo
Minimum FICO: 680+
Time in Business: 3yrs
Monthly Revenue: $25,000+
Loan Type: Revolving
Rate: 9% to 30%
Reports: On Business Credit
Funding: As soon as 7 days
EXCLUDED INDUSTRIES:
Any type a business can apply for the Business Line of Credit except the following:
- Non Profit
- Used Auto Dealerships
- Check Cashing
- Adult Entertainment
- Real Estate Investors
- Casinos
- Transportation
- Financial Institutions
- Firearms
MINIMUM REQUIREMENTS:
- Anyone with a 25% ownership interest will be included
- A Tri-Merge Credit Report fee of $57
- A valid Driver’s License or State ID
- Must have a Checking Account
- Application Fee $295 WAIVED
- A Social Security number
Business Line of Credit – Checklist
Received:
- 2yrs Recent Balance Sheet – (See Attached )
- 2yrs Recent Tax Returns (all pages)
- 3 Months Recent Bank Statements (all pages)
- Articles of Organization, EIN & signed Operating Agreement
- Business Debt (See Attached )
- Business Financial Statement (download from our website)
- Disclosures (It will be emailed to you)
- Driver’s license or State ID. (Must be color for verification purposes)
- Social Security card
- Utility Bill
Here are the steps moving forward
- Subject Property Address in Subject Line when sending back the documents.
- Budget of project, purchase price, or Loan Amount.
- After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
- Down Payment -Bank Statement or Statement for down payment if applicable.
- Check your credit scores here: / send or upload a copy of the report and all scores.
- Please send me a copy of your credit report with scores and the attached documents.
- Please see the attached loan application, credit authorization and all documents needed to move forward.
Send all documents on checklist to: info@myfundingmentor.com
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