Caribbean Business – Getting A Medium-Term US Business Loan

By NAN Business Editor

News Americas, NEW YORK, NY, Fri. Dec. 7, 2018: If you are a U.S. small to medium sized company looking to expand for the New Year, there’s lots of ways to secure capital that’s much less cumbersome than a bank loan these days. Most of all, as long as you meet the criteria, you can close and secure the funding in days versus months.  So what are the terms? Here’s what you need as a SME to qualify.

Minimum Criteria to Receive a Medium-Term Loan

Years in Business Required 1+
Credit Score 600+
Annual Gross Revenue $100,000-150,000+ in most
Profitability required? No
Bankruptcy allowed? Yes, you could qualify for a medium-term loan no less than 2 years after filing bankruptcy.
Credit Card volume a factor? No
Accounts Receivable a factor? No

Read More