https://mwcc.wufoo.com/forms/floorplan-lending-assistance-prequalification-form/
Fill out our secure online application at https://mwcc.wufoo.com/forms/floorplan-lending-assistance-prequalification-form/ Our trained professionals will contact you at your earliest convenience to get to know the details of your business capital requirements, and to verify your businesses and personal credit status.
Our program is credit driven and only has two requirements.
1. Business in good standing with the state and an active EIN number.
2. a Guarantor with strong personal credit. (we do accept co-signers)
Minimum credit requirement to secure funding include:
-Fico score of 720+ for stated Doc applicants
-Minimum of 10 years of personal credit history
- Debt to limit ratio of 30% or less on your revolving accounts)
- No bankruptcy, tax lien, collections, or public records of any kind
Applicants who meet these requirements will be approved for funding 9 out of 10 times.
- Revolving Business Credit Lines
Rates as low as 6.99% for FULL DOC applicants.
As low as 8.99% for STATED INCOME applicants.
- Stated Income Application (No Tax Returns Required)
- No Upfront Fee's
Not sure if you qualify? Apply without an application fee!
- No Collateral Required
All products, no doc or full doc, are unsecured. We do not collateralize or lien against any work equipment, commercial property, or personal property.
- No Restrictions on Use
All our credit lines can be used same as cash. We do not burden our clients with vendor credit lines (I.E. BP credit lines, Office Depot credit lines, Staples credit lines).
- Funding in as little as 15 days
- Lines will not report to the personal credit bureaus
Drawing these credit lines will not affect your debt/credit ratio, thereby sheltering your personal credit for personal necessities (auto loans, mortgages, student loans, personal credit cards).
Depending on your credit status you may pre-qualify you for $50,000-$250,000 in unsecured business credit.
When your business has been pre-qualified for $50,000 or more in unsecured business credit, within 15-30 days of your full application, your business will receive $50,000-$250,000 in unsecured capital.
What can you use Unsecured Business Credit Lines For?
Our unsecured business credit lines can be used for anything, but are effectively used to overcome short term capital requirements, which we define as a 0-18 month payback period. Marketing campaigns, aggressive expansion, and flipping real estate are the most common uses of unsecured business credit lines by our clients.
Do I need to provide any personal or business income verification?
If your business cannot presently show income, we have stated income products available to quickly grow your business into a profitable powerhouse. If your business has already experienced growth and profit, we have full doc products totaling over $250,000, allowing your business to leverage unsecured funds to continue expansion.
My business is just starting up; can I still receive unsecured business credit?
Absolutely! We offer products specifically for Start-Up companies. If you've been in business for less than two (2) years, you may still qualify for up to $75,000 in unsecured business capital.
Will your Unsecured Business Credit Lines report to the personal credit bureaus (Transunion, Equifax, and Experian)
Never! We guarantee that our business credit lines you acquire will not report to the personal credit bureaus, unless you begin missing payments and default. You may draw on the entire balances of these lines without fear of bringing down your personal credit scores!
If my personal credit isn’t great, can I find a co-signer?
Yes, we accept co-signers. If you have someone with better credit who wishes to personally guarantee your business line of credit. Our experts will help you take the steps so that you are able to use them to acquire capital for your business
