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Qualification Criteria

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Qualification Criteria

To qualify for one of GoKapital’s loan programs, whether for your business or real estate, you will first need to meed the qualifications for each program. Our team of financial experts are ready to assist you throughout the process. Below you find a list of our financing program’s criteria and required documentation.

Revenue-Based Business Loans:

  • Signed GoKapital Application
  • 4 months of Operation
  • Minimum average of $10,000 in business bank deposits,(no cred card processing required)
  • Less than 7 days with negative balances per  month on bank statements

Merchant Cash Advance:

  • Signed GoKapital Application
  • 4 months of business bank statements (all pages)
  • 4 month of merchant processing statement

Commercial Real Estate Financing (Purchase):

  • Signed GoKapital Application
  • Must have at least 30%-40% of down payment of Purchase Price
  • Sufficient monthly revenue to cover loan payment
  • Minimum credit of 550+

1-5 Year Business Term Loan:

  • 2 Years in Business
  • 660 Credit Score
  • $150,000 in Gross Annual Revenue
  • Business Tax Return must be profitable (showing at least 20% of net income relative to gross revenue)
  • No bankruptcies in last 7 years & No Sole proprietorships
  • Restricted industries: Construction & Transportation

Equipment Financing:

  • Signed GoKapital Application
  • 6 months of operation
  • Minimum average of $10,000 in business revenue
  • Minimum credit of 550

Residential Real Estate Financing:

  • Signed GoKapital Application
  • Property must be held under LLC or Corp
  • Property must be owned free-and-clear
  • No minimum credit score requirement
  • Foreign nationals also qualify