Yes, however, only to eligible business acquisitions. No, we do not provide loans for a typical start-up business. Businesses that are established for less than six (6) months must receive some additional business education from a business or economic development organization (SBDC, SCORE, EDC; Chamber, business incubator, etc.) and bring proof of participation or program completion.
We have an overall financial condition viability requirement that includes consideration of client credit score. Therefore, an isolated target credit score is not utilized, however credit is a part of our loan evaluation and good credit is preferred.