We say yes
Unlike small business loans from a bank or credit union, we approve applications based on the sales history of your business rather than your personal credit history. If you’ve been open for at least 6 months and have a steady sales trend, you probably qualify.
To qualify for a small business loan, here’s how we compare to your friendly bank
|Requirements for loan approval||Banks||Company Capital|
|Good credit history||Must have||Don’t need|
|Been in business 5 years||At least 5||6 months is good*|
|Lots of collateral||Yes||Nope|
|Cash Flow projections 3-5 years||Must have||Don’t need|
|Financial Statements||Yes||Only if $50k+|
|Tax returns last 5 years||Must have||Don’t need|
* construction companies must be open at least 2 yrs
Sorry, no startups.