Industry
Immediate cash and card receipts with almost no receivable.
✓ Checking what you qualify for does not affect your credit score.
Laundromats are classified under Coin-Operated Laundries and Drycleaners, an eligible category.
Immediate cash and card receipts with almost no receivable.
In practice: washers and dryers, card systems, water heaters, a second location, build-out.
Very steady; equipment failure is the main shock.
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.
