Start-up and existing businesses can qualify for $150,000 through our Unsecured Business Finance program. This program is designed to help our clients get funding based on personal credit only and you can be approved even if you are a brand new startup business.

Our lenders will not ask for financials, bank statements, business plans, resumes, or any other of the documents so commonly requested with conventional bank funding. This program is as close to a “no-doc” program that you can get with business funding. 

 

To qualify lenders will look solely at your personal credit quality. They want to see no derogatory items on your report, a high consumer credit score of 680 or greater, a low amount of inquiries on your report, and they want you to have low balances on your existing credit cards now, below 30% of your current limits.

 

Approvals come in increments of $10,000, and you can secure up to $150,000 in total funding using these unsecured credit cards. How much you will be approved for is typically based on your existing credit card limits now, so the higher your existing credit limits are the more money you will secure.

 

Most unsecured cards in this program offer very low initial intro interest rates, as low as 0% for the first 6 months. Rates typically range from 5-29% after that based on risk. Any success based fees are rolled into the transaction so you won’t pay out-of-pocket.

 

Unsecured accounts report to the business credit reporting agencies to get the money you need, and help build your business credit profile and score in the process. Plus these accounts do not report on your consumer credit so they have no effect on your credit utilization helping keep your consumer credit scores high. 

 

This is one of our most popular programs as no business financials are required for qualification helping insure you can easily get approved quickly.

 

Approval Amount - $25,000-$150,000

Credit Quality - Good

Terms - 0% intro rate up to 18 months, 5%-29% based on risk

Collateral - None Required

Financials - None Required