Rainstar Capital Group MCA Guidelines
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FUNDING PROGRAM 2015 PROGRAM TERM FUND CAP POSITIONS ACH/MCA CREDIT MIN TIME IN BIZ FACTOR RATE A UP TO 18 MO $2M 1 ST ONLY BOTH 650+ FICO 1YRS 1.18+ B-C 6-9 MO $150,000 1 ST & 2ND BOTH 470+ 3 MO 1.35+ HIGH RISK 1-3 MO $100,000 1-3 BOTH 450+ 1 MO 1.40+ Minimum Annual Revenue: $100,000 Minimum Avg Daily Bank Balance: $500 Number of Negative Days: Up to 7 in 3 consecutive months. No more than 9 in a recent month Tax Liens- Must be on a payment plan if over $25K Bankruptcy- Must be discharged No industry restriction on High Risk Program A UCC search will be done prior to funding UCC filed post funding Bank accounts verified via Decision Logic or IBV at lender’s discretion PREQUALIFICATION REQUIREMENTS: Submit New Files To: [email protected] and [email protected] 1. SIGNED APP 2. 4 MONTHS BUSINESS BANK STATEMENTS (ALL ACCOUNTS) 3. 4 MONTHS MERCHANT PROCESSING STATEMENTS (IF APPLICABLE) 4. LEGIBLE COPY OF PHOTO ID FUNDING REQUIREMENTS 1. VOIDED BUSINESS CHECK 2. COPY OF LEASE OR MORTGAGE STATEMENT 3. WRITTEN PAYOFF OF ANY EXISTING ADVANCE(S) 4. Signed Contract
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Transcript of Rainstar Capital Group MCA Guidelines
FUNDING PROGRAM 2015
PROGRAM TERM FUND CAP POSITIONS ACH/MCA CREDIT MIN TIME IN
BIZ
FACTOR RATE
A UP TO 18 MO
$2M 1ST ONLY BOTH 650+ FICO
1YRS 1.18+
B-C 6-9 MO $150,000 1ST & 2ND
BOTH 470+ 3 MO 1.35+
HIGH RISK
1-3 MO $100,000 1-3 BOTH 450+ 1 MO 1.40+
Minimum Annual Revenue: $100,000
Minimum Avg Daily Bank Balance: $500
Number of Negative Days: Up to 7 in 3 consecutive months. No more than 9 in a recent month
Tax Liens- Must be on a payment plan if over $25K
Bankruptcy- Must be discharged
No industry restriction on High Risk Program
A UCC search will be done prior to funding
UCC filed post funding
Bank accounts verified via Decision Logic or IBV at lender’s discretion
PREQUALIFICATION REQUIREMENTS: Submit New Files To: [email protected] and
1. SIGNED APP
2. 4 MONTHS BUSINESS BANK STATEMENTS (ALL ACCOUNTS)
3. 4 MONTHS MERCHANT PROCESSING STATEMENTS (IF APPLICABLE)
4. LEGIBLE COPY OF PHOTO ID
FUNDING REQUIREMENTS
1. VOIDED BUSINESS CHECK
2. COPY OF LEASE OR MORTGAGE STATEMENT
3. WRITTEN PAYOFF OF ANY EXISTING ADVANCE(S)
4. Signed Contract
Prequalification offers issued within 24 hours, upon receipt of funding requirements, final
underwriting is done and merchant is funded (if not disqualified) within 24 hours.
Visit Rainstarcapitalgroup.com for more information!
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