What is needed for 50k No Doc loans? Documents? Credit scores? Complete

Requirements For Funding (For best results)

1. Inquiries
   1. Less than 3 hard inquiries per bureau in the last 6 months. (If they have
      more, its not a HUGE deal if their credit profile is great. If its more than 5 per bureau have
      our partner assist with removing them) 
   2. For inquiry removals, submit request inside ZOHO CRM. Requests will go to Kevin Araujo (Formidable Capital), he will reach out to the client and explain the process. 
2. Utilization
   1. Less than 30% utilization on each personal credit card account, including
      tradelines/authorized users. 
   2. Less than 10% for the best results, but 30% is minimum. 
   3. If client cannot bring utilization down by increasing their limits or paying down debt, then we can leverage a bridge loan. (**Reach out to Lamar for details)
   4. DO NOT process client for business credit stack if utilization is above 30% on active accounts. 
3. Late Payments
   1. No new late payments on any bureau within the last 24 months.
   2. Late payments outside 24months are okay but will still effect funding.
4. Derogatory Items
   1. No collections, charge-offs, bankruptcies, public records, judgements, etc.
   2. Even if the collection or charge-off has a zero balance it will still keep a client from getting approved for 0% interest business funding. 
5. 680+ Score
   1. Confirm that all three bureaus are above a 680 FICO 8 bankcard score.
   2. A 700+ is recommended.
6. New Accounts
   1. No more than 3 recently opened personal revolving accounts in the last 6 months
   2. Client can still be processed for 0% business stack but results will be limited.