Are startup businesses acceptable?
Of course! Fundwise Capital can accommodate all types of businesses.
Does my business have to be organized under a specific entity type?
While it is not mandatory to create an entity, many banks are more willing to lend to an individual that has put forth the effort to create an LLC or a corporation. Another upside of creating an entity is the protection and legitimacy that it gives to your business.
Is there any threat or possible adverse consequence to me or my business?
The only major ramifications you or your business might face would be the consequences of failing to repay lenders.
What are the minimum requirements to obtain funding?
Your credit score is the most influential aspect; you or a willing party should have a credit score of 680 or above.
What if my credit score doesn’t qualify?
No problem! Many of our applicants bring on a credit partner with a 680+ credit score. A credit partner, for example, can be a business partner, friend, family member, investor, etc.