Texas Business

Development Center

GoTexasLoan.com 

Email Us at info@GoTexasBusiness.com

Call Us at (866) 258-7095

Toll Free: 

(866) 258-7095 

Fax: 

(800) 796-7196 

 

 

 

TBDC Home Page Contact Our Staff E-Mail Us Request More Info Loan Application

It is easy to see if your business qualifies for an Unsecured Business Loan for up to $100,000.This page has an EZ checklist and all the requirements to qualify for our Unsecured Micro Loan.
My business has been in operation for more than 1 year and you accept credit cards

My business processes over $3,000 in credit card transactions and has 20 swipes per month 
My FICO Credit Score is 600 or Better with No Bankruptcy in 6 years (If Not Go To Cash Advances)
-OR-
My business has been in operation for more than 2 years not accepting credit cards
My FICO Credit Score is 620 or Better with No Bankruptcy in 6 years 
My average business bank balance is over $3,000 with a least 10 deposits per month 
-AND- Applies to both
My home address is different than my business address.
My personal bank account is separate from my business bank account.
My average business bank account balance is greater than $3,000.
My business is not on the Restricted Business List

Home Of Go Texas Loan.com Unsecured business loans up to $100,000 for any US Based business How A Micro Loan Works: A brief explanation of how a Micro Loan works Who Qualifys for a Micro Loan? This will have alll the information about what is required to qualify fo a Unsecured Micro Loan Documents Required to approve a Micro Loan: Lists everything you ned to do to get approved for a Loan Documents Required To Fund a Loan: After you have been approved supporting documentation will be required before funding listed here Frequently Asked Questions: Everyone has questions or simply needs mor information, here are some standard questions we have encountered: asked and answered. Agent Bank Program: Link to Agent Partners with The TBDC and On Deck's Micro Loan Program

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The process is easy to qualify and receive your funds fast, first look at the chart below to see if your business qualifies for a Micro Loan, then print our quick one page application, compete it with at least 80% ownership of the business. Then fax completed application along with required Bank and Credit Card Processing  Statements (if applicable) to our toll free fax at (800) 796-7196.
 
Below is a quick reference chart to showing general guidelines to qualify for a Mico Loan

 

Put Your Mouse over theIcon: Put you mouse over this icon image and you will see more details and a description on the requirements listed to its rightIcon to get more information on each requirement listed

 

REQUIREMENTS

BANK & CREDIT CARDS

BANK ONLY

Time In Business: The total amount of years and months your business has been open and operationalTime In Business 

1 Year

2 Years

Credit Score: This is your Becon Score, we use Equifax to determine credit score for a Micro LoanCredit Score 

610+

620+

Statements Required: These are your Credit Card Processing and/or Your banks statements, to determine the amount we can loan you. You must submitt ALL PAGES of your statements to determine loan amountStatements Required

3 Bank / 3 CC Processing (All Pages)

6 Months Bank (All Pages)

Transactions/Volume: Minimum requirements swipe and total volume for businesses accepting credit cards and bank only minimum deposits to qualifyTransactions/Volume

20 Swipes / $3000 per month

10 Deposits per month

Average Bank Balance: The required average bank balance to qualify for our Unsecured Micro LoanAverage Bank Balance

$3000

$3000

Ending Bank Balance: This is the minimum ending bank balance rquired to qualify for an Unsecured Business LoanEnding Bank Balance

$1000

$3000

Negative Days: Maximum days in any single month your business bank balance can be a negative balance to qualifyNegative Days

Up to 4 in a month

Up to 3 in a month

NSF's Allowed: Maximum NSF's for any single month shown on your business banking statements to qualify for a Micro LoanNSF's Allowed

Up to 4 in a month

Up to 3 in a month

Amount Approved: This is an estimate and is diffrent for every company and several factors determine the actual loan amount offeredAmount Approved

2x processing or

5x Average Daily balance

Up To 4x 

Average Daily Balance

Maximum Loan Amount: This is the maximum we loan at one time per SS#. You can pay off loans early or when 75% paid reapply for another, like a revolving line of creditMaximum Loan Amount

$100,000

$75,000

 

 

 

 

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www.GoTexasLoan.com  is a Division of The Texas Business Development Center
 

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Toll Free (866) 258-7095 • Fax (800) 796-7196 • E-Mail

 

 

 

 

 

GoTexasLoan.com is a Division of the Texas Business Development Center offering Unsecured Business Loans to any US Based business