Industry
Deposit and balance on residential; 30-60 day terms on commercial.
✓ Checking what you qualify for does not affect your credit score.
Painting contractors in San Diego are classified under Painting and Wall Covering Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Commercial work is eligible; residential remodelling is restricted.
Deposit and balance on residential; 30-60 day terms on commercial.
In San Diego that usually means capital goes to materials for a signed job, sprayers, lifts, vans, crew for the season.
San Diego runs on defence, biotech and a year-round tourism economy.
California carries extra restrictions on the revenue-based tier here; the line of credit and term loan are unaffected.
California has a short winter, which shortens the trough for painting contractors in San Diego without removing it.
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. 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.
Weather-dependent; exterior work stops in winter. 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.
