What are the qualification criteria for DealStruck financing?

DealStruck financing typically involves several qualification criteria that applicants need to meet in order to be considered for funding. One of the primary factors is the creditworthiness of the business seeking financing. This often includes evaluating the business credit score, personal credit scores of the owners, and the overall financial health of the business. Another important criterion is the time in business. DealStruck generally prefers businesses that have been operating for a certain period, commonly around one year or more. This helps ensure that the business has a track record and can demonstrate its ability to generate revenue. Revenue is also a key component of the qualification process. Many financing options from DealStruck may require businesses to have a minimum annual revenue, which is often assessed through a review of financial statements and bank statements. This criterion helps determine the ability of the business to repay the financing. Additionally, the type of business and its industry may impact eligibility. Certain industries may have more favorable terms or may be more appealing for financing than others based on risk assessments. Finally, personal guarantees may be needed from business owners, especially in the case of smaller businesses or start-ups, to further secure the financing. For more specific and detailed information, it is advisable to check the current DealStruck website, where contact information is available for any inquiries regarding the exact criteria for financing options.