Get
Business
Financing
We make business funding as simple and transparent as possible, so you can focus on what's most important: growing your business.
- Apply in minutes
- Receive multiple loan options
- Get funded fast
New Corporate Xpress is your perfect guide for small business loans and lines of credit.
Ready for your loan options?
General Credit Requirements:
- 680+ FICO Score. 760 FICO Score is best.
- Revolving Credit Utilization: 30% or below
- No Open Tax Liens, Judgments, Collections, Bankruptcies.
600 Minimum FICO score Financing Program
- 600 Minimum FICO Score
- 1 year In Business
- $10k+ Deposited Monthly in Business Bank Account
Lending Products
Business Credit Cards
A business credit card is intended for business use only. Business credit cards can help build a credit profile to improve future borrowing terms.
Requirements
FICO Score: 700
Income: Stated
Annual Income: $60k+
Revolving Credit Utilization: 30% or below
Debt-to-income ratio: 30% max.
Time in Business: None
Income Verification: No
Business Line of Credit
A business line of credit lets a business borrow up to a certain amount of money and will only charge interest on the amount of money borrowed.
Requirements
FICO Score: 680
Income: Stated
Annual Income: $60k+
Revolving Credit Utilization: 30% or below
Debt-to-income ratio: 30% max.
Time in Business: None
Income Verification: Yes
Working Capital Loan
Working capital loans are a type of short-term financing product business owners use to cover operational expenses.
Requirements
FICO Score: 700
Income: Stated & Documentation
Annual Income: $60k+
Revolving Credit Utilization: 30% or below
Debt-to-income ratio: 30% max.
Time in Business: 2 yrs
Income Verification: Yes
Accounts Recievable Financing
Accounts receivable financing allows companies to receive early payment on their outstanding invoices.
Requirements
FICO Score: 550
Income: $10k gross revenue for last 6 months
Annual Income: $120k+
Revolving Credit Utilization: not a factor
Debt-to-income ratio: not a factor.
Time in Business: 1-2 years
Income Verification:Yes
SBA Loans
A business line of credit lets a business borrow up to a certain amount of money and will only charge interest on the amount of money borrowed.
Requirements
FICO Score: 660
Income: Full Docs
Annual Income: $180k+
Revolving Credit Utilization: 30% or below
Debt-to-income ratio: 30% max.
Time in Business: 2 years
Income Verification: Yes
Equipment Financing
Equipment financing is designed specifically for the purchase of machinery and equipment essential to running your business. You can use an equipment loan to purchase anything from office furniture and medical equipment to farm machinery or commercial ovens.
Requirements
FICO Score: 640
Income: Full Docs
Annual Income: $120k+
Revolving Credit Utilization: not a factor
Debt-to-income ratio: not a factor
Time in Business: 2 yrs
Income Verification: Yes
Business Financing Details Terms
A stated income application allows the borrower to declare their income without verification by the lender.
To calculate your debt-to-income ratio, add up all of your monthly debts – rent or mortgage payments, student loans, personal loans, auto loans, credit card payments, child support, alimony, etc. – and divide the sum by your monthly income. For example, if your monthly debt equals $2,500 and your gross monthly income is $7,000, your DTI ratio is about 36 percent. (2,500/7,000=0.357).
Simply divide your credit card balance by your available credit line—the card’s limit. For example, if the card’s limit is $2,500 and you have a balance of $900, your credit utilization ratio is 36%. Most credit experts suggest keeping your credit utilization rate below 30%. Less than 10% is even better.
Time in business starts when your business was registered with the Secretary of State.
Documentation required by lender may be paycheck stubs or bank statements, etc.
Here is what you will get with us
- Access to a designated FICO Pro-Certified Underwriter
- Customized strategic plan and lending matrix with hands-on support
- Pre-application lender compliance and info verification to ensure accuracy on applications
- Capital management strategies – get the most out of your working capital
- Complete application processing, submission, and follow-up support for the best approvals
- Business credit evaluation & recommendations – separate your personal and business credit
- Phase II application assistance – get additional capital for your business in 6-12 months
Success Stories
In eight days, Beaute de Ruth was approved for a Working Capital Loan for $150,000!
BBB Athletics received a Business Loan for $87,000 to expand their business.
In six days, Sammie B. Designs was approved for a Business Installment Loan for $149,000!
