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Ill start by saying its not easy to qualify for, but we do them if they meet the criteria. the merchant would have essentially a payment every 10 business days (every other monday for example)
To meet the guidelines:
To meet the guidelines:
- 1st position only
- min fico is 680 with NO tax liens or BK's
- min 10 deposits per month
- daily balances must be a minimum of 15% of gross monthly revenue at all times
- no more than 30% variance in seasonality or month to month sales
- max term 8 months
- we will reduce the term based on risk of industry since all other items will be required to be solid
