• 4 years time in business, present control
• Credit bureau reports, 7year history, no derogatory information, minimum of 7 satisfactory trade lines
• Personal guaranty required with a Fair Isaac FICO of 650 or higher
• Bankruptcy DAS score cannot exceed 650
• Bank reference – Minimum Medium 5 figure, with 3 year clear history
• Clean leasing and trade references
• Comparable high credit, trade or personal
• Minimum 75% comparable credit (installment or lease reference)
• Financial Statements 2 years required, Main Street Bank reserves the right to request three years of financial statements, including all notes, prepared by a CPA, reviewed or audited. We may require the most recent interim and prior year’s comparable interim statements. If the statements are not reviewed or audited, we may request signed income tax returns including all schedules for the last two (2) years.

NOTE: A complete financial statement package consists of cover sheet, CPA statement, balance sheet, income statement, cash flow statement and notes to the financials.
 

*** We request Personal Guaranty with all submissions, but will consider without if time in business, equipment type and references warrant waiver. ***

• All inquiries in the last 30 days must be explained
• All lease inquiries in the last 90 days must be explained
• Revolving bank card balances will be reviewed in relationship to usage and availability
• The number of new open accounts in the last 12 months will be reviewed in relationship to the applicants previous behavior