Industry
Card settlement in one to three days; almost no receivable.
✓ Checking what you qualify for does not affect your credit score.
Restaurants are classified under Restaurants and Other Eating Places, 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.
Card settlement in one to three days; almost no receivable.
In South Dakota that usually means capital goes to kitchen equipment, build-out, a second location, payroll through a slow month, delivery integration.
Seasonal by concept and location; weather and tourism drive the swings.
South Dakota funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Sioux Falls, Rapid City, Aberdeen, Brookings and Watertown.
We fund businesses in all 50 states. California and New York carry extra restrictions on the revenue-based tier.
Health department permits apply. Licensing is not a funding threshold here, but an expired licence shows up in diligence.
The South Dakota economy runs on agriculture, financial services and tourism, and restaurants here largely track that base rather than the weather.
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. Restaurants are classified under Restaurants and Other Eating Places, which is an eligible category .
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.
Seasonal by concept and location; weather and tourism drive the swings. 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.
