THE FOLLOWING INDUSTRIES ARE INELIGIBLE:

  • Adult Entertainment/Materials

  • Agricultural/Farms

  • Auto Dealerships – New and Used

  • Bail Bonds

  • Check Cashing

  • Collection Agencies

  • Escort Services

  • Factoring Organizations

  • Firearms Sales

  • Fraternity/Sorority

  • Gambling Establishments

  • Illegal Products or Services

  • Investment Opportunities

  • Lobbying Activities

  • Mining

  • Management Consulting

  • Mortgage Lenders

  • Mortgage Reduction Services

  • Non-Bank Cash Advances

  • Not-For-Profit Companies

  • Oil Wildcatting

  • Pawn Shops

  • Political Campaigns/Committees

  • Private Clubs

  • Public Administration

  • Real Estate Management Companies

  • Religious Teaching

  • Tobacco-Related Businesses

  • Virtual Auction Houses

  • Wire Transfers

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CAPITAL READY PROGRAM

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Our Capital Ready Program is designed to assist small business owners meet the funding requirements for lenders.

Qualifications & Borrower Eligibility Requirements

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Lenders uses a cash flow tool to assess a business owner's probability of qualifying for a loan. You AND your business must meet the eligibility requirements in order to receive funds.  What Lenders ask for are pretty much the same across the board.  We are here to help you meet those requirements. We help you to prepare your loan package for approval. Below are the eligibility requirements for SBA and Term Loans

The first step is to apply online to see if you pre-qualify. It only takes 5 minutes and their is no impact to your credit score.  In the event you are denied a small business loan - DON'T PANIC - we will work with you to become "Capital Ready" so you may re-apply again.  

FIVE ESSENTIAL ELEMENTS FOR FUNDING APPROVAL:

  • Written Business Plan

  • 36 Month Cash Flow Projections

  • Third Party Feasibility Data

  • Business Credit Optimization

  • Personal Credit Optimization

 

Our goal is to help as many small businesses as possible, so please be patient. 

If you need further assistance, please feel free to contact us at 877-778-6249. We are here to help you every step of the way.

BANK TERM LOANS

Personal

Credit Score 

Public Records

Cash Flow

Basic Eligibility

 

Use of Proceeds

  • Minimum 650 FICO

  • No bankruptcies or foreclosures in the past 3 years

  • No outstanding tax liens

  • Cash flow to support loan payments

  • 2+ Years In Business

  • Business Owner(s) must be U.S. citizen(s) or Lawful Permanent Residents

  •  Business must not be an Excluded Industry (see above) 

  • Non-profit businesses are ineligible

  • Business must be able to demonstrate repayment ability from earnings

  • Working Capital

    • Payroll

    • Inventory

    • Marketing

    • Finance Receivables

    • Bookkeeping 

    • Legal Fees

  • Refinance Existing Business Debt

  • New Equipment Purchase

  • No Acquisitions

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Qualifications & Borrower Eligibility Requirements

 
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SBA Working Capital | Debt Refinance Loans

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Qualifications & Borrower Eligibility Requirements

Business

Credit Score

  • 150 or greater (Liquid Credit)

Personal

Credit Score 

Public Records

 

Cash Flow

 

SBA Specific

Criteria

 

Basic Eligibility

 

 

 

Use of Proceeds

  • Minimum 650 FICO

  • No bankruptcies or foreclosures in the past 3 years

  • No outstanding collections

  • No open tax liens

  • No recent 30+ day late payments

  • Sufficient business and personal cash flow to service all debt payments

  • Demonstrated by 2 years of tax returns, credit reports and interim financial data

  • No Felonies

  • No Delinquencies and/or Default on Government Loans

  • 2+ Years In Business

  • Business Owner(s) must be U.S. citizen(s) or Lawful Permanent Residents

  • Business must be located in the United States

  • Business must be open to all on a non-discriminatory basis

  • Non-Profit businesses are ineligible

  • Business must be able to demonstrate repayment ability from earnings

  • Business must not be an Excluded Industry (see above)

  • Working Capital

    • Payroll

    • Inventory

    • Marketing

    • Finance Receivables

    • Bookkeeping 

    • Legal Fees

  • Refinance Existing Business Debt

  • New Equipment Purchase

  • No Acquisitions

  • No Construction

Business

Credit Score

  • 150 or greater (Liquid Credit)

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SBA Commercial Real Estate (CRE) Loan

Eligibility Requirements

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SBA Commercial Real Estate (CRE) Loan

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Qualifications & Borrower Eligibility Requirements

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Personal

Credit Score 

Public Records

 

 

Cash Flow

 

SBA Specific Criteria

 

 

Basic Eligibility

 

 

 

 

Use of Proceeds

  • Minimum 685 FICO

  • No bankruptcies or foreclosures in the past 3 years

  • No outstanding collections

  • No open tax liens

  • No recent 30+ day late payments

  • Sufficient business and personal cash flow to service all debt payments

  • Demonstrated by 2 years of tax returns, credit reports and financials

  • No Felonies

  • No Delinquencies and/or Default on Government Loans

  • 2+ Years In Business

  • Business Owner(s) must be U.S. citizen(s) or Lawful Permanent Residents

  • Business must be located in the United States

  • Business must be open to all on a non-discriminatory basis

  • Business must be operated for profit

  • Business must be able to demonstrate repayment ability from earnings

  • Business must not be an Excluded Industry (see above)

  • At least 51% of the property's square footage must be occupied and used by the business

  • Refinance or purchase of owner-occupied commercial real estate

Business

Credit Score

  • 150 or greater (Liquid Credit)

LEGAL DISCLAIMER: 

SunBiz Support is an online document filing service provider for entrepreneurs. SunBiz Support is a private company and does not claim to be affiliated, endorsed, or approved by any Federal, State and/or Local Government agencies. You are not required to purchase anything from SunBiz Support and the services offered by SunBiz Support are not endorsed by any governmental agency, and is not being made by an agency of the government.

Information and views provided throughout this website are general in nature for your consideration and are not legal, tax, insurance or investment advice. This information is not intended to create, and receipt of viewing does not constitute an attorney-client relationship. SunBiz Support, LLC makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties and takes no liability for your use of this information. Please contact your own legal, tax, insurance or financial advisors regarding your specific business needs before taking any action based upon this information.

 

 

© 2015 -2020 SunBiz Support is a registered trademark or service mark of SunBiz Support, LLC. All rights reserved. 

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