The ONLY TWO Requirements of This Program Are:
1.) A business partner with a Strong Personal Credit Profile
This means a 700+ FICO Score.
2.) A business EIN (Employer Identification Number) – Not required for Pre-qualification. Personal Credit Guidelines (Unsecured Business Credit Cards)
Applicants must submit a recently updated Full Credit Report(s) showing full credit history, inquiries, collections and negative events, limits, balances and payment history for all 3 bureaus. A “Tri-Merge” report that showing all 3 bureaus on one report is preferable.
Acceptable Credit Reporting Sites
www.CreditCheckTotal.com *Preferred Vender – $1 fee
New Regulation A+ Rules Expand Inexpensive Capital Formation of Up to $50 Million
Many in the investment and crowdfunding community had eagerly been waiting for the Securities and Exchange Commission (SEC) to release rules to enact the provisions of Title IV of the JOBS Act. The SEC finally released its regulations in March of this year. The new rules contained a partial preemption of state securities laws which surprised many. Title IV told the SEC to liberalize the provisions of Regulation A which is an exemption to allow smaller companies to sell private securities up to an amount of $5 million. It represents a huge step forward for crowdfunding.
Revenue-based financing is now available through us for companies with at least two years of verifiable operations. Sorry but startups do not qualify. Applicants should have at least $15k in monthly revenues and a gross margin in the 50% range. Continue reading