Business Purpose Loan
This is a true amortized loan and will require providing full documentation of income. This is for an existing business that has been around for at least 1 year and can provide income tax return, profit and loss statement etc.
True Business Loan
- Must be in business for 2 years (can be 1 year if franchise)
- Minimum credit score of 600+
- Must gross $150,000 or more per year
- Loan amount is $25,000 to $500,000