Industry
Deposit plus balance on completion for residential; 30-60 day terms on commercial.
✓ Checking what you qualify for does not affect your credit score.
Flooring contractors are classified under Flooring Contractors, which is an eligible category. That takes industry off the table and leaves the same four things every file is read on: average daily balance against revenue, time in business, negative days and NSFs, and existing positions. Commercial work is eligible; residential remodelling is restricted.
Deposit plus balance on completion for residential; 30-60 day terms on commercial.
In Illinois that usually means capital goes to materials for a signed job, vans, tooling, installer crews, showroom stock.
Tied to the housing and remodel cycle.
Illinois funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Chicago, Aurora, Naperville and Rockford.
We fund businesses in all 50 states. California and New York carry extra restrictions on the revenue-based tier.
Illinois has a hard winter that removes months of the year. For flooring contractors that is not a downturn, it is the calendar — and underwriting reads a northern seasonal account on the twelve-month average, not on the trough.
The practical consequence is that the capital usually has to be in place before the season opens, not after the first invoices land.
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. Flooring contractors are classified under Flooring Contractors, which is an eligible category . Commercial work is eligible; residential remodelling 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 — the application plus three months of business bank statements.
Tied to the housing and remodel cycle. 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.
