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◆ Renewals

Renew at 50% paid back.

Renewal terms are looser than new-money terms, and most operators do not know they have already crossed the line into eligibility.

Apply NowDo I Qualify?

✓ Checking what you qualify for does not affect your credit score.

50%Paid back to qualify
550Minimum FICO
2 yrsTime in business
$0Origination fee

Renewal criteria

When you become eligibleOnce 50% of the original balance has been paid back
Minimum FICO550
Time in business2 years (4 years for an 18-month term)
Origination feeNone
DocumentsLast 3 months of business bank statements
Financials requiredOnly above $250,000, or above $300,000 for multi-renewal clients
Competitor payoffOne competitor payoff allowed. A line of credit is not counted as a competitor position if the balance is under $55,000
Positions on a line of creditUp to 2 competitor positions allowed

Add-on rules by term length

An add-on is additional capital on the facility you already have, rather than a separate position. How far into the term you can take one depends on the original term length.

Terms up to 10 monthsAdd-on available once 50% is paid back
12-month termAdd-on available from 7 months in
15-month termAdd-on available from 10 months in
18-month termAdd-on available from 13 months in
If another position existsNo add-ons

Why renewals clear more easily

You have a payment history now, and that history is worth more to an underwriter than any projection. The FICO floor drops from 650 to 550 and time in business from 3 years to 2.

The paperwork also shrinks. Three months of bank statements is the whole ask unless the renewal is above $250,000, and client and landlord interviews only come into play at that level too.

50% of the original balance repaid is the trigger
No origination fee on a renewal
Financials only above $250,000, or $300,000 for multi-renewal clients
Up to 2 competitor positions allowed on a line of credit
A term loan repaid to 50% may be eligible to renew into a line of credit

How it works

1. Apply in minutes

A short application. No impact to your credit score to see what you qualify for.

2. Same-day decision

We review revenue, time in business and bank activity — not just a credit score.

3. Review your terms

You see the amount, the term and the total cost before you sign anything.

4. Funded next business day

Money in your account, typically the next business day after signing.

Common questions

When can I renew?

Once 50% of the original balance has been paid back.

What credit score do I need to renew?

550.

Is there a fee to renew?

No origination fee.

Do I need tax returns to renew?

Only above $250,000, or above $300,000 for multi-renewal clients.

What is an add-on?

Additional capital on your existing facility rather than a new position. Availability depends on how far into the term you are.

Can I renew if I have another position?

Add-ons are not available if another position exists.

See what you qualify for

Same-day decision. Applying takes a few minutes and will not affect your credit score.

Apply Now →