Open-ended Unsecured Business Line Of Credit up to 300K . The Credit Line has the option of increasing every 6 months for the entire amount of time it is open. Program Is Contingent Off Of Building Businesses Credit Not Personal Credit. Business will receive UBLOC within 30 days.
Requirements:
•Above 680 Credit Score
•Under 30% Credit Utilization
•Minimal Inquiries
•No Late Payments For At Least 6 Months
•No Public Records
•No Collections
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Commercial Real Estate, Business Acquisition, and Hotel/Hospitality Loans Up To $5M. Consolidate Unsecured Debt Up To $1.5M. Over 10-25 Years
Requirements:
• Minimum 650 Credit Score
• Upward Trending Business Revenue Over The Past 3 Years
• Have Not Filed For Bankruptcy Over The Last 7 Years
• No Felony Convictions
Documents Needed:
• 3 Most Recent Years Of Personal Tax Returns
• 3 Most Recent Years Of Business Tax Returns
Hard Money and commercial real estate mortgages 100,000 and above Nationwide USA
Construction and development loans 1,000,000 and above Must be bringing in at LEAST 25% of the total project costs into the deal in cash at time of escrow.
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