Plexe Approval Guidelines:
- Equifax score is greater than
640 and no charge offs greater than $2,500
- Average monthly income is greater than
$25,000
- 2 years in business
- No recent Merchant Cash Advances
- Bank account balances are greater than $5,000 on most occasions and no
NSF's
- The business appears profitable (balances are consistent and not deteriorating)
- Business doesn’t not appear to be over-leveraged
- No reverse consolidations
- Rates start from mid-teens and then adjusted for risk
- Terms –
10 -52 weeks