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Financing@BCCGonline.com

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Application Guidelines & Requirements
Application:
  • Signed and dated application (an online PDF from) must be legible, dated, and signed within 30 days of applying for financing. NOTE: The applicant(s) must submit a copy of their driver’s license and a voided check with the application via upload. NOTE: The application form is an online PDF document accessible by scanning the QR Code below. The form provides a secure link to upload the requisite attachments to us.
 
Credit Pull:
  • Soft Credit Pulls Only. A minimum FICO score of 600+ is required.
Bank/Processing Statements:
  • FOR LOANS/MCAs/LOCs: $10,000 minimum bank deposit activity. Only the last 4 months of Business Bank Statements (unless seasonal).
Multiple Entities/Locations:
  • Businesses with multiple entities with different tax IDs – must submit separate applications and statements per entity.
Bankruptcy:
  • No open bankruptcies are allowed; they must have been discharged for at least a year with at least one active trade line.
 
Tax Liens/Judgments:
  • Personal tax liens cannot exceed $150,000
  • Business tax liens and business judgments:
    1. a)     $105,000—no paperwork needed.
    2. b)     Between $105,000 and $150,000—must be on a payment plan and the last two months of payments required.
    3. c)     Over $150,000—unqualified.
 
Applicant Phone Screening:
  • Required for new deals over $200,000 and renewals over $250,000
Landlord Interviews:
  • Required for new deals over $200,000 and renewals over $250,000
Competitor Balances:
  • For loans and MCAs, no more than two (2) competitor loan/MCA payoffs are permitted. Up to 65% of proceeds may be used to pay off outstanding competitor balances (must net 35% of the approved amount)
  • Up to two competitor balances may stay in place for LOCs. Please note that Rapid considers small LOCs differently in some cases. Existing LOCs may also be able to remain in place. Please reach out to your local account manager with any questions.
  • Competitor UCC filings less than 12 months require a zero-balance verification.
  • LOCs – No competitor payoffs are required.
 
Renewal Eligibility:
  • All loans and MCAs are eligible for renewal when 50% of the original balance has been paid.
Lease or Deed Review:
  • Business Space/Location for new deals $250,001 and higher.
Financials Required:
  • Most recent Business Tax Return, Balance Sheet, and Profit & Loss statement (for new deals $200,001 and up* and renewal deals $250,001 and greater).
Typical Use of Funds
  • Advertising and Marketing, Bank Loan Payoff, Expansion/Add-On, Hardware/Software Upgrades, Opening a New Location, New Signage and Printing, New Supplies/Inventory, Partner/Investor Buyouts, Paying Back Taxes, Paying off Liens and Judgments, Payroll for More Employees, Personal Debt Relief, Promotional Events, Renovations, and any worthwhile business purposes in general.

Start the Online Application Process by Completing the Form Below

REQUIRED: Has your business been in continuous operation for at least two (2) years?
Date the Business was started:
Business Address
Do you own or rent/lease the business location?
Applicant's Personal Name:
Title:
Time Zone:
OK to Text or send SMS:
Desired Financing Solution:
REQUIRED: Do all individuals completing the application have a minimum credit score of 600?
NOTE: We offer same-day pre-approval with just a "soft" credit check through Experian, that won't affect your score.
PLEASE NOTE: The application process (for any financing amount) requires submission of the following documents: a copy of your driver’s license, a copy of a voided business check, and the last four (4) months of business bank statements. These documents are required to proceed and must be provided with your application. Do you accept these requirements?
REQUIRED: Does the primary operating business bank account reflect average monthly deposits of at least $10,000?
REQUIRED: The application process requires you to submit verifiable bank statements in PDF format. Do you accept?
However, for financing requests of $250,000 and above, the application process additionally requires submission of (1): your business’s current YTD balance sheet, (2): your business's YTD profit and loss (P&L) statement, (3): your business’s prior year business tax return, (4): your business’s most recent 12 months of bank statements, and (5): a copy of your current lease agreement (or property deed). These documents must be uploaded at the time of application. Do you accept?
Upon submitting an approved application, your local business financing account executive will provide you with a custom quote via phone, email, and/or in-person visit. Do you accept?
Once you complete this form and click “Submit,” a secure PDF Application Form will automatically open in a new window for your convenience and to facilitate EXPEDITED processing of your business financing request. Do you accept?