What is a working capital loan? What does it do for me? A Keystone Working Capital Loan gives you the freedom to use the funds for virtually any business purpose. This includes:
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What does it take
to be approved?
These transactions require above-average credit scores, typically similar
to those required for automatic approval on a car lease.
What is required? Loans between $15,000 and $25,000 are usually prosessed with just a one-page application. The basic assumption is that you have owned your business for not less than four years. The program begins with first payment and a one payment security deposit, plus a $125.00 documentation fee in advance. Future payments are done by automatic draft (ACH). Amounts up to $35,000 require six years time-in-business and a copy of your most recentbusiness tax return. Up to $50,000 requires eight years and two years of tax returns. Minimum credit score requirements start at 700 (up to $25,000) and range up to 725. How long does it take to get started? Most applications are processed and approved within twenty-four hours. |