Typically, personal credit scores aren’t as important as other commercial credit factors. However, a good rule is that if your FICO score is over 500, you’re in the clear!
We look for at least 6 months of time in business.
$10,000/month or $120,000 in annual sales with a minimum of three deposits/month.
Having US citizenship isn’t required. Cardiff only requires that the business owner be a legal resident.
Any owner can execute the contract regardless of their ownership percentage
Equipment loans require a 600 FICO or better. Keep in mind that equipment loans are credit-based, not revenue-based.
Start-ups are welcome! Looking for more than $100K and better rates, you’ll need more than two years in business.
Unlike a working capital loan, revenues aren’t a large factor when it comes to equipment loans. Have small revenues and need a big piece of equipment? Chances are with a great FICO and more than two years in business, you’re approved!
Having US citizenship isn’t required. Cardiff only requires that the business owner be a legal resident.
51% ownership will need to sign on behalf of the company. Personal Guarantees are required for businesses with less than ten owners. Corporation-Only (Corp-Only) approvals are available for widely-held corporations.
Whether you know how much you’d like to borrow for your business or what piece of equipment you’re looking to finance, applying with Cardiff is a simple process. If you’ve got 60 seconds, we’ve got an approval for your business that’ll fit your budget and guarantee you’ll continue to thrive!
Apply Now
Cardiff works with a wide variety of small businesses. Here are just a few of the types of small business loans that Cardiff specializes in:
Automotive dealers, financial services firms, law firms, and non-profits typically won’t qualify for a Cardiff business loan.
