Information About BMF New Logic business loans

BMF New Logic business loans are a smart way for you to handle business financing. Taking the best of traditional business loans and offering options on payments, you can finally enjoy business financing that stays focused on your business.

The following are specifics pertaining to BMF New Logic business loans:

BMF New Logic business loans are currently available to businesses in all of the following states: Alabama, Alaska, Arizona, California, Idaho, Illinois, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Missouri, Nebraska, New Hampshire, North Carolina, Ohio, Oregon, South Carolina, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin and Wyoming.
Businesses

Businesses in many diverse industries could benefit from a BMF New Logic business loan. There are some business types that BMF New Logic will not finance, and these include (but are not limited to) borrowers in the adult entertainment, gambling, real estate mortgage or collections industries.

Requirements

At a minimum, to qualify for a BMF New Logic business loan, the applicant:
1. Must have had the same business ownership at the same location for a minimum of two years.
2. Must process a minimum of $5,000/month in credit and debit card sales.
3. Must be current with the landlord.
4. Must be organized and located within the United States and operate in one of the states currently served by BMF New Logic.

In addition -

5. A BMF New Logic business loan can only be used for a business purpose, and BMF New Logic will only offer loans to businesses (not consumers).
6. BMF New Logic will only offer a business loan to a business whose owner(s) do(es) not have an open bankruptcy or a bankruptcy resolved within the 12 months prior to the receipt of the application.
7. All BMF New Logic business loans will include a personal guarantee of repayment.
8. An owner's damaged credit history is not an automatic disqualifier for the business. We make loans to businesses whose owners have credit scores from 450-850.

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