Operating In The Black Start-Up Business Financing program is tailored made for those who are just starting a business or those who are well established. You can be approved for up to $150,000 in unsecured credit lines at 0% interest rates. The program does not require you to be in business, have a business bank account or cash flow requirement, and collateral is not necessary- it is a true no-doc program.
To qualify for SBF, our banks look solely at your personal credit quality. You can even have a credit partner to help get you funding with their good credit. You should have no derogatory items your report. For instance- you shouldn’t have any open late payments, collections, judgments, tax liens, or any other types of derogatory issues being reported. These lenders offer the lowest fees in the industry, ranging from 9-12%, and you only pay them any type of fee if you are approved and have secured your funding.
To maximize the amount of funding you can receive lenders place a high priority on the following:
- Inquires – Should less than 3 in 6 months.
- Credit Card – Open credit card account with Visa, MC or AMEX for at least a year. Balances should be below 30% of your limits.
- Credit Score – Your personal credit score at least 685.
- Business Credit – 2 yrs in business
- 0% interest is common for 6-18 months
- 24-hour pre-approval
- True “NO DOC” program
- Credit partner acceptable
- More money!! More money!! More money!!