| Minimum FICO Score | 640 Experian model v2 |
| Minimum SBSS (small business scoring system) | 136 |
| Time in Business | 2 years |
| Felonies Allowed | Yes. 160 minimum SBSS, 675 FICO and global cash flow analysis required. |
| Bankruptcy Allowed | Yes, 3 years seasoning |
| Use of Funds | Working Capital, Debt Refi, Inventory, Equipment, Commercial Real Estate (owner-occupied) |
| Debt Service Coverage Ratio | Based on SBSS. 136 – 169: 1.15x Global and Business; 170 – 184: 1.15 Business Standalone; 185+: Net Operating Income 15% of loan amount (no DSCR analysis) |
| If Tax Returns Show a Loss | If tax returns show a loss or DSCR is under the requirements, loan amount is 30% of gross revenue up to $150k maximum (700 minimum FICO) |
| Taxes Owed | Installment Agreement is acceptable but tax liens must be satisfied; open 941 payroll taxes must be paid using business checking/savings |
| Closing Timeframe | 30 – 40 days |
| Loan Term | 10 Years; if real estate comprises 51% or more of use of proceeds – 25 years |
| Loan Amount | $100,000 – $500,000. If tax returns are not profitable, maximum $150k loan amount (using 30% of gross revenue from last filed return, 700 minimum FICO). |
| Interest Rate | Prime + 2.75%, variable adjusting quarterly; revenue-based qualifying is Prime + 3.75%, variable adjusting quarterly. |
| Fees | 2% charged by bank rep to client |
| Commission to Broker | 1% |
