Working Capital

Working Capital up to $150,000

Small Business Administration (SBA) Working Capital Loans under $150,000 are designed to help small businesses access the funds they need to meet their short-term operating expenses. These loans are typically used to cover expenses such as payroll, rent, utilities, and other everyday costs of doing business and do not require a use of proceeds breakdown.

Details

  • 2 years in business
  • Loan amounts up to $150,000
  • Up to 10 year repayment term
  • 700 FICO (Transunion FICO 9)
  • The capital can be used at the business owner’s discretion, giving them flexibility in how they choose to use the funds.
  • 175 ETRAN score
  • 30% of Gross Revenue UP TO $150k (total top line revenue from last available tax return) Example: Gross Income of $200,000 times 30% = $60,000 in working Capital
  • No Franchises
  • No BKs
  • No Ecommerce
  • No outstanding taxes, judgements, or liens (payment plan in place is acceptable, as are letters of satisfaction for anything cleared up recently)

Working Capital $50k to $350k

Small Business Administration (SBA) Working Capital Loans $50,000 up to $350,000 are designed to help small businesses access the funds they need to meet their short-term operating expenses. These loans are typically used to cover expenses such as Equipment, debt refinance, major expenses and require a use of proceeds breakdown.

Details

  • 2 years in business
  • Loan amounts $50,000 to $350,000
  • Up to 10 year repayment term
  • 650 FICO (best results with 675, because of the correlation with ETRAN)
  • 155 ETRAN score
  • 1.15x debt service for business
  • 1.25x debt service for global
  • BKs need to be explained (no more than 1)
  • No Ecommerce
  • No CBD
  • No Gyms
  • No multiple years of tax payment plan (1 year is fine, 2 is a case by case with explanation)
Form 413
Form 1919