Business Bank Statement Loans
There are very easy credit requirements (most places only look for a 550 FICO) and the funds are wired out to you in as little as 5 business days. What’s best is the loan is made solely on the strength of your business and its deposits.
Here are the requirements:
- Verifiable bank (and if applicable merchant) statements
- 12 months of bank statements showing a minimum of 3 deposits per month
- Minimal monthly NSFs
- At least $3,000 per month in total monthly deposits.
- Advance rate 50%-150% of your average deposits.
- Unsecured Up to $500,000
- Business must show that it’s profitable where the total amount deposited exceeds total withdrawals for the month
What you Cannot have:
- Tax Liens
- UCC Filings
Please contact a representative to get started.
Please complete and return completed.
Downloaded Bank Statements preferred.
PMG (BSL) Bank Stmnt Loan Application.pd[...]
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