Quick & Easy Business Capital
REQUIREMENTS
| CRITERIA | MINIMUM | IDEAL |
|---|---|---|
| FICO | 500 | 650 |
| TIME IN BUSINESS | 4 Months | 1 year |
| ANNUAL GROSS REVENUES | $120,000 | $250,000 |
| BANKRUPTCY OK? | Discharged - No Open | Discharged over 2 years ago or none |
| JUDGMENTS AND LIENS | Less than $175k or 4% of AGR (less that $50k usually does not require payment plan) | None |
| CREDIT PARTNER OK? | No | No |
| SECURED OR UNSECURED? | Unsecured | Unsecured |
| INDUSTRY IMPORTANT? | No Collection Agencies or Check Cashing | Open |
| FUNDING AMOUNT | 1x to 2x monthly revenue | 100-125% monthly revenue |
Additional RBA Requirements
| CRITERIA | MINIMUM | IDEAL |
|---|---|---|
| NEGATIVE DAYS | 5-10 (Up to 10 with CC processing statements) | 0 |
| AVERAGE DAILY BALANCE | $1,000 | $2,500 |
| NUMBER OF MONTHLY DEPOSITS | 3 | 10 |
| OWNERSHIP | 50% | >80% |
| MONTHLY GROSS REVENUES | $10,000 | >$21,000 |
TIER ONE
90-125%
Monthly Revenue
| HEALTHCARE | Chiropractors |
| Dentists | |
| Ophthalmologists | |
| Veterinarians | |
| RESTAURANTS | Drinking places |
| Quick service restaurants | |
| Restaurants | |
| Bakeries | |
| RETAIL | Bicycles |
| Candy stores | |
| Children’s stores | |
| Clothing | |
| Cosmetics/perfumeFood/fruit/gourmet | |
| Food/fruit/gourmet | |
| Footwear | |
| Hardware | |
| Liquor stores | |
| Optical centers | |
| Meat/seafood | |
| Optical centers | |
| Party supplies | |
| Pharmacies | |
| Specialty department stores | |
| Sporting goods | |
| Toys/hobby/pet stores | |
| SERVICE | Automotive |
| Beauticians/beauty supply | |
| Dry cleaning/laundry | |
| Health spa |
TIER TWO
50-70%
Monthly Revenue
| ATV/snowmobile | Jewelers |
| Auction houses | Transportation |
| Bridal wear | Marinas |
| Car sales-new/used | Motorcycle dealers |
| Catering | Moving companies |
| Consignment | Nightclubs/loungesConsignment |
| Construction | Non-profits |
| eCommerce business | Online Electronics |
| Educational institutions | Pawn Shop |
| Flea markets | Pet Merchandise |
| Formal wear | Shipping Businesses |
| Fortune tellers | Sports Memorabilia |
| Furniture stores | Supermarkets/Grocery Stores |
| Home based businesses | Ticketing Agencies |
| Insurance agencies | Travel Agencies |
PROHIBITED INDUSTRIES
| Credit Protection |
| Check Cashing |
| Collection Agencies |
| Debt Consolidation |
