UNDERSTANDING YOUR CREDIT

We look for a reason to get your funding completed. Not for a reason to decline your financing.

SO WHERE DO YOU STAND?

General Guidelines

Personal Credit:

1 Pts = Fair Isaac - 725+ Very Good 

2 Pts = Fair Isaac - 675+ Good

3 Pts = Fair Isaac - 625+ Standard

4 Pts = Fair Isaac - 525+ Accepted 

Stability

1 Pt = Time in Business 7Yr+ - Very Good 

2 Pt = Time In Business 5Yr+ - Good 

3 Pt = Time In Business 3Yr+ - Standard

5 Pt = Time In Business 1Yr+ - Start Up

6 Pt = Time In Business  0Yr - Accepted 

Credit History

1 Pt = Clean History   5+ Yrs - Very Good

2 Pt = No Problems 2+ Yrs - Good

3 Pt = Minor Problems 1+ Yrs - Standard

5 Pt = Current Problems 0 Yrs - Accepted

6 Pt = Major Derogatory 0-5 Yrs - Structures

WHAT is YOUR SCORE?

3-6 Points-  Excellent - Tier 1 - A Credit

7-9 Points - Good - Tier 2 - B Credit (See mitigating Factors)

What Helps!

Strong Bank Balance

Business Cash Flow!

Cross Corporate Guarantee!

Home Ownership!

Personal Financial Statement

Hard Asset Equipment

What Hurts!

Poor Payment History

High Revolving Debt

Low time In Business

Soft Asset Purchase

Judgments

Bankruptcy in last 5 years

Distressed Credit

Premium Commercial

Technology Rotation

Sale Lease Back

Working Capital

Medical Programs

Start Up

General Guidelines

5 Yrs + Time in Business

10 Million + Annual Sales

25 + Employees

Financials Available

General Guidelines

Lower App Only Limits

Medical Programs Available

New Enterprise Programs

What Helps!

Business Experience

Strong Credit History

Personal Financial Strength

Alternate Source of Income