R. Rodney Consulting Agency
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Business Funding

Funding Solution Department

Business Line Of Credit Services

A business line of credit can be a valuable financial tool to help business owners approach financing in a strategic and thoughtful way. Having access to a credit line to help take advantage of opportunities or meet other short-term capital needs can help you build a thriving business. R. Rodney Consulting can help your business meet those financial challenges thought our Business Line Of Credit Services:

Requirements

  • On-Boarding Form

  • Completed application

  • 3-6 months of business bank statements

  • Corporate papers

  • Minimum 10k monthly revenue

  • 550 FICO score

  • 6 months in business

BUSINESS LINE OF CREDIT

We know how to use a Business Line of Credit as a valuable component of creating your personal Funding Solutions and know how to utilize it to grow your business.

Requirements:

0% interest for 6-12 months

No Minimum length in business

Person credit score in all three bureaus

Articles of Incorporation

Credit Score: 725+

SBA and Core Qualifications & Borrower Eligibility

Personal Credit Score

Minimum 640 FICO

Public Records

No bankruptcies or foreclosures in past 3 years No outstanding tax liens

Cash Flow

Cash flow to support loan payment

Basic Eligibility

1) 2+ years in business
2) Business Owner(s) must be U.S. citizen(s) or Lawful Permanent Residents 
3) Excluded industries include religious teaching, primarily political and lobbying activities, oil wildcatting, mining, mortgage servicing, real estate development, bail bond, pawn or private clubs, tobacco related businesses, among others 
4) Non-profit businesses are ineligible 
5) Business must be able to demonstrate repayment ability from earnings