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  • Corey Michael

HOW TO QUALIFY FOR A SMALL BUSINESS LOAN

1. CHECK YOUR CREDIT SCORE THROUGH EQUIFAX.COM OR EXPERIAN.COM

- Ideal score: 575

2. HAVE AT LEAST 3 MONTHS TIME IN BUSINESS

- ideal time in business: 1 year

3. OVER THE LAST 90 DAYS GROSS AT LEAST $5K IN AVERAGE MONTHLY REVENUE

- ideal monthly revenue: $20,000

4. PERSONAL OR BUSINESS TAX LIENS < $50,000

- ideal tax lien total < $15,000

5. HAVE A BUSINESS BANK ACCOUNT

6. POSITIVE AVERAGE LEDGER BALANCE > $500

- ideal bank balance should be $500 or greater at time of application


Questions? ASK COREYMICHAEL!

WE ARE HERE TO HELP! corey@coreymichael.com


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