Guide
No legitimate funder skips credit entirely. What varies is whether the check is soft or hard, and when in the process it happens.
✓ Checking what you qualify for does not affect your credit score.
Checking what you qualify for here does not affect your credit score. That is a soft pull, and it is the industry norm at the offer stage.
A hard pull typically comes at acceptance, not enquiry. A funder that hard-pulls to give you a quote is costing you points to make a sales call.
Either a soft pull dressed up, or a product priced so high that credit genuinely does not matter. The second kind is worth reading very carefully.
Ask one question: what is the total payback on the amount advanced? Not the rate, not the payment. The total.
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.
The application plus three months of business bank statements is the whole first-look file.
Checking what you qualify for does not affect your credit score.
Not for a first look. The application and three months of business bank statements.
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. Applying takes a few minutes and will not affect your credit score.
