Industry
Mostly same-day payment from retail customers, but insurance and fleet work stretches to 30-60 days.
✓ Checking what you qualify for does not affect your credit score.
Auto repair shops are classified under Automotive Repair and Maintenance, an eligible category.
Mostly same-day payment from retail customers, but insurance and fleet work stretches to 30-60 days.
In practice: lifts, alignment racks, diagnostic scan tools, technician hires, parts inventory.
Steadier than most trades; winter and post-holiday are the soft months.
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Yes. The category is eligible.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
