How it works
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.
What it takes
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.
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.
The trade-off worth knowing
If the same gap recurs every month and grows, the answer is not more capital.
Questions
What does it cost?
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.
What credit score do I need?
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?
Same-day decision, next business day funding on a complete file.
Can I apply with an existing advance?
Yes, up to two existing positions.