Guide
Working capital covers the gap between money going out and money coming in.
✓ Checking what you qualify for does not affect your credit score.
All three products here serve it: the line of credit for recurring gaps, the term loan for a defined one, the refinance for a payment that no longer fits.
The useful test before borrowing for working capital is whether the gap is structural or seasonal. A seasonal gap is a financing problem. A structural one is a margin problem, and financing it makes it worse.
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.
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.
If the same gap recurs every month and grows, the answer is not more capital.
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.
