Resources
Eligibility requirements.
Each financing product and lender sets its own requirements. Here is what lenders typically look for, and meeting them does not guarantee an offer.
What may affect eligibility
Requirements vary by financing product and provider. Your business information helps determine what may be considered during an eligibility review.
Check your eligibility- Business and ownership
- Where the business is located, how it is structured and who owns it.
- Operating history
- Time in business, revenue and cash-flow activity.
- Financial circumstances
- Existing obligations, credit considerations and the intended use of financing.
By product
General guidelines for each type of financing. Lenders weigh these differently.
SBA Loans
Typical amount $50K to $5M
- Operating history and financial performance, as the program and lender require
- Credit history and repayment ability, evaluated under program and lender requirements
- Positive cash flow and a documented use of funds
- A U.S.-based, for-profit business within SBA size standards
- A borrower contribution or equity injection, where the program and transaction require it
Business Term Loans
Typical amount $25K to $2M
- Twelve or more months in business
- Owner credit around 600 or better
- Consistent monthly revenue shown in bank statements
- No open bankruptcy or recent default
Business Line of Credit
Typical amount $10K to $500K
- Six or more months in business
- Owner credit around 600 or better
- Steady deposits in the business bank account
- A business checking account in good standing
Working Capital
Typical amount $10K to $500K
- Six or more months in business
- Monthly revenue of $10K or more
- Owner credit of 550 or better
- Three or more months of business bank statements
- No more than one existing advance position
Equipment Financing
Typical amount $10K to $5M
- A vendor quote or invoice for the equipment
- Twelve or more months in business for most lenders, with startup programs available
- Owner credit around 600 or better
- Down payment of 0 to 20 percent depending on the file
Invoice Factoring
Typical amount 70 to 95 percent of invoice value
- Invoices to creditworthy business or government customers
- Work that is complete and invoiced, not progress billing
- No existing lien on receivables, or one that can be subordinated
- Business credit is secondary; the customer's credit carries the file
Commercial Real Estate
Typical amount $250K to $10M
- Down payment of 10 to 25 percent depending on program
- Debt service coverage from the business or the property's rents
- Two or more years in business for owner-occupied programs
- Owner credit in the mid 600s or better
Ecommerce Funding
Typical amount $10K to $1M
- Six or more months of platform sales history
- Monthly sales of $10K or more
- A connected store or marketplace account for verification
- Consistent order volume rather than a single spike
HELOC/CELOC
Typical amount $25K to $500K
- Equity in a home or commercial property, typically keeping combined loans under 75 to 90 percent of value
- Credit in the high 600s or better
- Business income to service the payment
- Funds used for business purposes
Ranges are typical for this type of financing. Your amount, term and pricing depend on the lender and your business profile.
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See what may fit your business.
Check eligibility in a few minutes. Your advisor reviews the answers with you. Checking does not affect your credit score.