BUSINESS ACCELERATOR FUNDING
Our goal is to help you achieve your goal.
Let'sShare your financial burdens and with you.
Our goal is to help you achieve your goal.
Let'sShare your financial burdens and with you.
The Three Cs When you’re looking into loans, First Share, LLC looks at what we call “The Three Cs”: Credit, Cash flow, and Collateral. You’ll want to have a credit score between 600 and 800– with an ideal score of 680+. But we’ll also look for a minimum account balance of $5,000 – $15,000 for monthly cash flow (but also look at tax returns, profit, and annual revenue). As for collateral, we prioritize unsecured funding; however, collateral is just one option. As long as you have one of the Three Cs, you can qualify for funding.
It’s important to understand that businesses younger than 2 years or guarantors with poor credit scores will have a harder time qualifying. SBA lenders need to know you’re reliable and not a risk. There is no Ideal Annual Revenue, or Average Time In Business required, but an Ideal Credit Score of 680 – 800 is strictly required.
When it comes to Startup Funding, the application process and required documents can vary.
First Share, LLC Helps You Find The Best Loans For Your Business Interested in finding funding for your business? First Share, LLC would love to help! If you’re looking to fund your business within the next 10 to 90 days and have a credit score of 600 – 800, let’s chat! Get pre-qualified right now with our quick-step pre-qualification form! And don’t worry, this will not result in a hard credit inquiry. We just want to learn more about you and your business. Click below to get started!