620+ credit scores across all 3 credit bureaus 3 or more active trade lines
Credit utilization ratio must be 50% or less 2 or less inquires in the last 60 days Bankruptcy must be 2 years old
Minimum annual income must be at least $30,000/year All loan applications must be in personal name of borrower
All clients must have personal checking accounts.
Self-employed applicants must provide 2 years of self-employed tax returns
Yes. This comes in the form of projections. The underwriter will be able to give you projections of your funding upon receiving you requested documents.
No. Loans are funded solely in cash which is direct deposited into a personal checking account designated by the applicant.
Loan amounts vary on a case by case basis, however once approved, we fund $25,000 to $250,000 cash in 5-7 business days.
Clients are approved in 24-72 hrs after submission to underwriting.
Rates start at 7% interest for 3-7 year terms with no prepayment penalty. Payments are principal and interest.
5-7 business days.
Cash can be used for any purpose.
No. There is however a 15% Funding Fee which is 15% of total loan amount. Ex. $100,000 in funding x 15% = $15,000. This amount will be deducted from funds received.
Absolutely yes! The program is called the Quick Line Of credit or LOC of which could add to your funding. The underwriter will explain the program in full detail on your compliance call.
Yes upon getting you projections, you will have a compliance call to explain the process of pursuing unsecured funding. This is the time to get all your questions answered by the person who is working to get you funded. The underwriter works with you and not against you.
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