BUSINESS START-UPS

BUSINESS START-UPS

General Guidelines
  • -          Up to $150,000 (Medical professionals up to $250,000)
  • -          5 year term loans
  • -          Lines of credit (open ended)
  • -          Interest rates 7-10%

Credit Factors:
  • -          Credit scores (700 or higher)
  • -          Credit limits
  • -          Length of credit history
  • -          Debt to income (primary program, stated options may be available)
  • -          No major derogatories (bk’s, foreclosures, shortsales, settled accounts, charge offs, open collections, tax liens, excessive lates, etc.