Guide
A card is the cheapest short-term money that exists if you clear the balance each month, and among the most expensive if you do not.
✓ Checking what you qualify for does not affect your credit score.
Cards suit small recurring spend with float. They do not suit a $120,000 inventory buy, and a credit line is the wrong instrument for a $400 software bill.
Card approval is scored on personal credit far more heavily than these products are, so a thin or damaged file often gets a card decline and a working-capital approval.
Tier 1 here: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
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.
Carrying a revolving balance also raises utilisation, which is usually what is holding a score down in the first place.
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
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.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
