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FAQs
Frequently Asked Questions
To qualify for funding from Business Loans Partners, your business should have the following:
- Minimum one year in business.
- Minimum $100,000 in annual revenue.
- Minimum 625 personal FICO score of the business owner.
- Business checking account.
When determining eligibility, Business Loans Partners will perform a soft credit check on the business owner’s personal credit.
Typically, we only require basic information about yourself and your business. We’ll ask for:
- Business Tax ID.
- Last three months of business bank statements.
- Minimum 625 personal FICO score of the business owner.
- Social Security number of business owner(s).
Our term loans range from $5,000 - $250,000 over 3 – 24 month terms.
Our lines of credit go up to $100,000. The lines are revolving so as you pay down your balance, your available funds increase.
We work with more than 700 different kinds of businesses including restaurants, auto repair shops, healthcare professionals, contractors and many other service providers.
We don’t serve these restricted industries.
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