Our partner TRBT is administering a business funded program to assist small businesses in accessing capital. This is accomplished in two steps:
- Identifying the right type of capital based upon all mitigating circumstances.
- Meeting the underwriting criteria of the selected source of capital.
Why is this important? If a small business applicant meets the underwriting criteria, then they have a VERY high probability of accessing capital to start or grow. For example, low interest SBA loans up to $150,000 are now fairly accessible and normally fund in ~15 days with very reasonable requirements, i.e., a 165 FICO SBSS score. Still yet, without assistance, very few small businesses are successful in accessing this low cost source of capital.