At Quote 2 Fund, we understand that no two businesses are alike and one size doesn’t fit all. That’s why we offer virtually every business financing product on the market. Lenders also differ in product offerings, programs, credit guidelines and required documentation.
SBA & Conventional Bank Loans
Two years in business
For-profit business
Proceeds: Working Capital, Debt Refinance, New Equipment Purchase, Business and Real Estate Acquisition
Individuals owning 20% or more of business cannot work for SBA or have criminal background
Individuals owning 20% or more business must be US Citizen or Legal Permanent Resident
Business Credit Score (LiquidCredit) 150 or greater
Loans $30K-$150K: Minimum Personal FICO of 600
Loans over $150K: Minimum Personal FICO of 675
No bankruptcy in past 3 years
No foreclosure in past 3 years
No open tax liens
Ratio of Business Cash Flow to Debt Payments: Should be at least
Required Documents
3 years of business and personal tax returns
Interim P&L statement
Full list of business debt
Conventional Bank Loans
Two years in business
For-profit business
Proceeds: Working Capital, Debt Refinance, New Equipment Purchase, Business and Real Estate Acquisition
Individuals owning 20% or more of business cannot work for SBA or have criminal background
Individuals owning 20% or more business must be US Citizen or Legal Permanent Resident
Business Credit Score (LiquidCredit) 150 or greater
Loans $30K-$150K: Minimum Personal FICO of 600
Loans over $150K: Minimum Personal FICO of 675
No bankruptcy in past 3 years
No foreclosure in past 3 years
No open tax liens
Ratio of Business Cash Flow to Debt Payments: Should be at least
Required Documents
3 years of business and personal tax returns
Interim P&L statement
Full list of business debt
Non-bank Loans (B-C Credit)
Two years in business
For-profit business
Business Net Income: More than $0 in at least 1 of last 2 years tax returns
Business Revenue: $150,000 minimum
Minimum Personal FICO of 620
Loans over $150K: Minimum Personal FICO of 675
Individuals owning 20% or more of business cannot have criminal background
Bankruptcies: at least 7 years ago
No foreclosure in past 3 years
No open tax liens
Ratio of Business Cash Flow to Debt Payments: Should be at least
Required Documents
2 years of business tax returns
1 year personal tax returns (for all owners w/ >=20% ownership)
Interim financials ( YTD P&L and Balance Sheet) - Only for requests >$300k
6 months business bank statements
Business debt worksheet
Quick and simple process, from Quote to Funding.
Get a Quote
Enter some basic information to get a free, instant quote (no credit check) or fill out a single, free application
Apply
View quotes, apply for one, some, or all options and receive instant conditional approvals
Speak with a Specialist
Review options, opportunities for growth with a funding specialist and get final verification
Not sure which financing product is best for you?
Chat with with an experienced funding specialist at 619-795-3123. It’s toll and obligation free!