To qualify for a Business Advance with Marksmen Capital, you generally need to meet the following qualifications:
1. 1 Year Time in Business: Marksmen Capital looks for businesses with a minimum operating history of 1 year. This requirement ensures stability and demonstrates that your business has successfully navigated its initial stages.
2. No Minimum FICO Score Requirement: Unlike traditional lenders, Marksmen Capital does not have a minimum credit score requirement. This means that even if your credit score is not perfect, you still have the opportunity to secure financing for your business.
3. $500,000 Annual Sales or $40,000 Deposited Monthly: Marksmen Capital considers your business's revenue or cash flow as an important factor in the qualification process. To be eligible for a Business Advance, your business should have annual sales of at least $500,000 or monthly deposits of $40,000.
4. Must Have a Business Bank Account: Having a dedicated business bank account is a requirement to facilitate the loan disbursement and repayment process. It ensures seamless financial transactions and provides a clear separation between personal and business finances.
By meeting these qualifications, you can increase your chances of obtaining a Business Advance from Marksmen Capital. These qualifications are designed to make financing accessible to a wide range of businesses and provide the necessary support for their growth and success.
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