Here's some information on personal loans and business credit cards.
W2 = 30 days of recent pay stubs
Self Employed = 2 year tax returns & 4 months biz bank statements).
Most recent personal tax return.
Tri merge credit reports:
PROGRAMS/GUIDELINES
Personal Unsecured Funding: Term loans, LOC, Credit cards. Business Cards and LOC
Up to $300,000+ combined, per individual These are guidelines only, but tend to get the better
results.:
• Credit Score of 700 or higher - For CC funding Credit scores above 720
• At least 3 active accounts over 3 years of age not counting student loans
• Verifiable income (W2, Self Employed, 1099, Taxes) Please verify Income
• Individual Credit history for at least 3 years showing good revolving and/or
• installment loans.
• No Bankruptcy within the last 3 years, (must have established credit post-bankruptcy)
• No collections/ late payments
• Utilization of revolving accounts is less than 35%, DTI less than 35%.
• Inquiries: Less than 3 last 6 months, less than 10 last 12 months less than 15 2 years
How to convert Cards to Cash
Take advantage of Cards offering 0% interest. and pay off before the introductory offer. Some
cards offer the option of transferring cash to bank account for a small fee
Business Card Funding:
Credit Fico Score of at least 720
Decent blend of Bankcards (Not Retail stores) with good limits
Business EIN at least 6 months in age
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
949-228-1050
