Industry
Draw-based billing with heavy equipment and fuel costs incurred first.
✓ Checking what you qualify for does not affect your credit score.
Excavation contractors in Miami are classified under Site Preparation Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Site work for commercial projects is eligible; new residential construction is restricted.
Draw-based billing with heavy equipment and fuel costs incurred first.
In Miami that usually means capital goes to excavators, dozers, attachments, trucking, crew, fuel for a signed contract.
Miami runs on international trade, tourism and hospitality, with pronounced seasonality.
Florida funds normally on every tier.
Excavation contractors runs close to twelve months a year in Miami, which produces steadier deposits than the same trade in a northern metro.
Storm-driven work in the Miami area arrives in surges and settles on the insurer’s timetable, which is the gap capital usually has to cover.
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. Site work for commercial projects is eligible; new residential construction is restricted.
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.
Weather and ground conditions drive it; frozen ground stops work. 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.
