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Before Applying

Who is eligible?

Edited

Businesses should meet the following Minimum Eligibility Requirements before applying:

  • Minimum 1 year in business & banking history with their current institution(s)

    • Minimum 3 years in business for lines above $100K

  • $100K+ annual revenue

  • For businesses with <$5MM annual revenue, a personal guarantee from a business owner or control person is required

In general, businesses that started more than one year ago, and have at least $100,000 in revenue in the past year, as well as business owners/control persons with a FICO of 625 may be eligible. Applicants should not have any bankruptcies in the last 5 years.

A variety of factors are used to determine eligibility. Some of these factors are: business history with DocuSketch, past project completion / insurance reimbursement rates, business bank account activity, revenue, leverage, credit history of the business, and personal credit history of the owner or control person designated for consumer credit soft pull.

Since every business is unique, there is no guarantee that all applicants meeting these criteria will be eligible for Slope.