Industry
Service work collected quickly; new-construction and commercial draws run 30-60 days.
✓ Checking what you qualify for does not affect your credit score.
Plumbing and HVAC contractors in Miami are classified under Plumbing, Heating, and Air-Conditioning Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Commercial and service work is eligible; new residential construction is restricted.
Service work collected quickly; new-construction and commercial draws run 30-60 days.
In Miami that usually means capital goes to stocking units ahead of the season, vans, tooling, technicians, materials for a contract.
Miami runs on international trade, tourism and hospitality, with pronounced seasonality.
Florida funds normally on every tier.
Plumbing and HVAC contractors runs close to twelve months a year in Miami, which produces steadier deposits than the same trade in a northern metro.
State trade licensing applies.
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 and service work 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.
Sharply seasonal: HVAC peaks in summer heat and winter cold, with shoulder-month troughs. 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.
