First Business Bank

Lender Details:

First Business Bank is one of few banks that offer loans nationwide, and at a very low interest rate. (Our research showed that their terms start at Prime + 1%.) To qualify, applicants should have been in business for a minimum of two years and possess a minimum credit score of 675. Additionally, they need to demonstrate cash flow coverage for at least one year plus an interim period. Post-close liquidity is required for a period of three months. Applicants must also have transferrable experience, particularly in business acquisition. Lastly, a history of steady to increasing revenue trends is essential.