Requirements

My business entity is registered with Secretary Of State and is listed as active and in compliance.

There are no unpaid public records judgments in the name of the business entity.
The most recent business bank account statement shows an ending balance of a minimum of 6 months of reserve payments (monthly loan payment for new loan).
There are no unpaid tax liens. Any unpaid tax liens reporting in public records will be required to be paid before or at closing.

For “Guarantor” of a Business Entity

(Required for all business entity financing)

Minimum credit score of 550+ to qualify.
Have no foreclosures, bankruptcies, short sales or notice of defaults within the last 36 months. Prior events of any previously items will require a written letter of explanation.
Have no unpaid judgments.
Have no unpaid tax liens. Any unpaid tax liens reporting in public records will be required to be paid before or at closing.
Have no record of criminal felony convictions within the last 7 years. Any prior criminal convictions or criminal charges will require a letter of explanation and is subject to review and approval by underwriter on a case by case basis.
Have no convictions of any type of financial fraud, ever.

Minimum credit score of 550+ to qualify
Most recent bank account statement shows an ending balance of a minimum of 6 months of reserve payments (monthly loan payment for new loan).
Have no foreclosures, bankruptcies, short sales or notice of defaults within the last 36 months. Prior events of any previously items will require a written letter of explanation.
Have no unpaid judgments.
Have no unpaid tax liens. Any unpaid tax liens reporting in public records will be required to be paid before or at closing.
Have no record of criminal felony convictions within the last 7 years. Any prior criminal convictions or criminal charges will require a letter of explanation and is subject to review and approval by underwriter on a case by case basis.
Have no convictions of any type of financial fraud, ever.