Brand new startup businesses with no financials qualify for credit cards and lines of $100,000 or more through the finance suite.
There are NO financials required, the lender won’t even look at monthly revenue.
For this program all that is needed is good personal credit.
Your clients can even use someone as a Personal Guarantor who does have good credit if they have credit issues now.
Your client will need to have open revolving cards now with balances below 30%of the credit limits and less than 5 inquires in the last 6 months.
The customers will be approved for 5 or more cards or lines of about $10,000 limits or higher. The limits they get are usually equal to the highest limit account they have reported now.
No collateral or cash flow is required for approval... so even startups can qualify.
And this program usually offers 0% rates for 6-18 months, the lowest of any other funding program.
Plus, customers can even take out nearly 100% of the card limit in CASH. So, they get the 0% intro rate benefit that business credit cards provide with the cash-out capability that credit lines provide.
This means they can get cash out AND do so at 0%!
This funding reports to the business credit reporting agencies, so they get $$ and build their business credit at the same time.
This is one of the most popular funding programs that clients love…