Industry
Tuition collected weekly or monthly in advance, which reads very well on statements.
✓ Checking what you qualify for does not affect your credit score.
Daycare centres in New York City are classified under Child Day Care Services, an eligible category. Industry is therefore not the question; the four things every file is read on are.
Tuition collected weekly or monthly in advance, which reads very well on statements.
In New York City that usually means capital goes to classroom build-out, playground equipment, vans, staffing, a second location.
New York City runs on the densest small-business market in the country, with rent and payroll costs to match.
New York carries extra restrictions on the revenue-based tier here; the line of credit and term loan are unaffected.
State licensing and ratio requirements apply.
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 file is read on revenue, deposits, time in business and existing positions.
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 and next business day funding on a complete file.
Enrolment-cycle driven; summer can dip depending on the model. Underwriting reads the average and the deposit count, not the peak month.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
