650+ credit scores across all 3 credit bureaus
3 or more active trade lines
Credit utilization ratio must be 50% or less
6 or less inquires in the last 12 months
Bankruptcy must be 2 years old
Minimum annual income must be at least $30,000/year
All loan applications must be in personal name of borrower
All clients must have personal checking accounts
W-2 employee
Self employed / 1099 Contractor (status at least 2 years)
Signed Consulting Agreement
Full application
Color copy of driver license (front and back)
Utility bill including residential address
Color copy of Social Security Card (front and back)
Proof of Income- W-2 (previous year)
Recent 2 pay stubs
3 months (recent) bank statements
Voided check from your PERSONAL checking account
Self employed will need to submit 2 years tax returns
No loans are funded solely in cash which is direct deposited into a personal checking account designated by the applicant.
Clients are approved in 24-48 hrs
3-5 year terms with no prepayment penalty
No. There is however a 15% Funding Fee which is 15% of total loan amount. Ex. $100,000 in funding x 15% = $15,000. This amount will be deducted from funds received.