Why day spas and med spas in Miami qualify
Day spas and med spas in Miami are classified under Other Personal Care Services, an eligible category. Industry is therefore not the question; the four things every file is read on are.
The cash-cycle problem
Immediate receipts, often with package and membership prepayment.
In Miami that usually means capital goes to treatment equipment, build-out, laser and aesthetic devices, retail stock, a second location.
What applies in Miami
Miami runs on international trade, tourism and hospitality, with pronounced seasonality.
Florida funds normally on every tier.
Medical direction requirements apply to med spas.
The published thresholds
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.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund day spas and med spas in Miami?
Yes. The category is eligible; the file is read on revenue, deposits, time in business and existing positions.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file.
What if revenue is seasonal?
Holiday and gift-card weighted. Underwriting reads the average and the deposit count, not the peak month.