Industry
Insurance-funded work can take 30-90 days to settle while materials are bought immediately.
✓ Checking what you qualify for does not affect your credit score.
Roofing contractors are classified under Roofing Contractors, an eligible category. Commercial roofing is eligible; new residential construction is restricted.
Insurance-funded work can take 30-90 days to settle while materials are bought immediately.
In practice: materials for a signed job, crews, trucks, equipment, supplement financing on storm work.
Storm-driven and highly seasonal; a single hail event can triple a quarter.
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 roofing 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, next business day funding on a complete file.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
