| Minimum FICO Score | 660 Experian model v2 |
| Minimum SBSS (small business scoring system) | N/A over $500,000; under $500,000 must be 155 or greater |
| Time in Business | 2 years |
| Felonies Allowed | Yes. |
| Bankruptcy Allowed | Yes, 3 years seasoning |
| Use of Funds | Refinance existing SBA 7(a) loan. 10% or more of total use of proceeds must be for expansion or renovation |
| Debt Service Coverage Ratio | 1.15x Global and Business |
| Taxes Owed | Installment Agreement is acceptable but tax liens must be satisfied |
| Closing Timeframe | 45 – 60 days. |
| Loan Term | 10 Years (no real estate) or 25 Years (with real estate) |
| Loan Amount | $300,000 – $5,000,000 |
| Interest Rate | Prime + 1% fixed, or Prime + 1.25% variable adjusting quarterly. |
| Notes | To be eligible, the customer must save at least 10% on the principal & interest payments and 10% or more of the use of proceeds must be for expansion or renovation. If the customer has Prime + 2.5% or higher on the current loan it should be eligible. |
| Fees | 2% charge Origination Fee |
| Commission to Broker | 1% |
