What are the requirements for approval for a Business Flexline?
To be eligible for a Business Line of Credit, you must meet the following criteria:
- We accept any properly formed business entity where the personal guarantor is authorized to indebt the organization
- Must be able to pull an Experian Business Report on company
- Personal Credit is 700 or above
- DTI (Debt to Income) is less than 50%
- Cannot have any existing UCC filings against the company
- Cannot be a prohibited business type
- No minimum time in business required
