- Project must be for profit.
- Project must be for business acquisition, FF & E or development of commercial real estate.
- Guarantor must have a history of cash flow.
- 3 years tax returns for existing business.
- 5 years experience in the industry for new business.
- Must have a prepared financial package with projections.
- Minimum Loan requirement of $50K.
- Must create 1 employee per $50K.
- Credit must have legitimate explanations for negative hits.
- High risk industries are not eligible.
Wednesday, July 28, 2010
Funds that are available for your business.
Currently, new financial products have hit the market as the world turns to rebound out of the recession. Financing is now available for new and existing business for projects below $5M as well as financing > $5M. Under $5M criteria is simple.