How do I qualify for a Business Line of Credit?

A list of the requirements for a Business Line of Credit.

IDEAL candidates will possess the following:

  • 730+ credit scores (owners with at least 10% equity)
  • 10+ years length of personal credit history
  • No bankruptcies or foreclosures
  • No minor delinquencies within the past 2 years
  • Business' tax returns must prove $300k gross income for the past 2 years
  • Business entity must be at least 2 years of age
  • $20,000 or less credit card debt on each business owners credit report
  • 20% or less credit card utilization on each business owners credit report

PLEASE NOTE:

Always apply for consultation. If you do not qualify, 100 Percent Financed can help you.