

| Personal and Business Lines of Credit Guidelines for Personal line of Credit $10,000 up to $50,000 Credit report minimum fico score of 680 Complete application Driver's license (copy) Social Security (copy) If not Citizen Green Card (copy) Last two Payment stubs The credit report has to be clean... no collections, late payments, bankruptcy, etc.... Nothing negative; no more than 4-5 inquires Needs at least 3 trade lines open for more than 1 or 2 years. At least one for $10,000. No more than 30% balance in each credit card. Personal lines of credit up to 350,000: ·Must be pre-qualified through Lender with My Fico Report Private Lending 3 lenders $100,000 2 lenders or 1 up to $50,000 Requirements: My fico credit report 720 or more (From: My Fico.com) Complete application Driver's license (copy) Social Security (copy) If not Citizen Green Card (copy) Two years tax return Two years W2 Last two Payment stubs Bank statements 3 to 6 months Three or more open trade lines for more than two years; one of them needs to have a limit of $10,000. All paperwork has to match the income. Guidelines for Business Line of Credit up to $500,000 Business Information: Application 2 Years Business Tax Returns *if you can't provide current year tax returns, please provide current W -2 Interim Business Financial Statement (company prepared or attached form) X Business Debt Schedule (attached) 2-3 months of Checking Account Analysis Statements 1-2 months Merchant Services Statements Personal Information: 3 Years Personal Tax Returns (for each individual, or owner, or guarantor) Personal Financial Statement (attached, for each individual, or owner, or guarantor)Additional Information: Statement of Identity ( for each individual, or owner, or guarantor) DL, SS, and (Green card if not citizen) Please fill out the submission form completely to be contacted. |