Credit Guidelines

Real Estate
Existing Business Change of Ownership Start-Up
Verifiable Experience Proven by Existing Business Status Proven Management Experience – With Ownership Transition Plan Proven Management Experience in the Industry of Previous Successful Business Ownership Experience
Personal Credit 650 or Better – Past Due Accounts Explainable 650 or Better – Past Due Accounts Explainable 675 or Better – no collections, Bankruptcies, Judgements or Liens
Character Issues (Arrest) eg: DUI 912 Issues to be Cleared by SBA 912 Issues to be Cleared by SBA Limited 912 Issues
Amount of Injection 10% 10% 15%
Personal Liquidy After Cash Injection 3 Months Personal Living Expenses After Closing 3 Months Personal Living Expenses After Closing >6 Months Personal Living Expenses After Closing

Please note that SBA Lenders can add overlays and implement some of their own guidelines in conjunction with SBA Guidelines.

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