A Credit based program that uses personal credit to fund your franchise/business.

Criteria Summary for UBLOC

Unsecured Business Financing Program

No income documentation is required to qualify. No bank statements or tax returns needed.

This program is completely non-collateralized, but still personally guaranteed by the applicant. This includes the business credit accounts.

This is an aggregate program requiring multiple accounts to meet our pre- qualification. The total combined revolving credit lines can range from $20,000 – $200,000 per applicant. If more funding is needed, they can have a credit partner apply such as a spouse or business partner to double or even triple the amount. This will require an additional EIN(s).

The revolving lines of credit will come in the form of both personal and/or business credit cards. Each credit application submitted will require a hard credit inquiry. Most or all of the business credit card accounts will not report on personal credit history.

Most or all of the lines of credit carry a 0% introductory rate for anywhere from 6 to 24 months. This is stipulated in advance and the applicant would need to accept the terms of each account. After the interest free period, the average blended rate is 12.99% – 18.99%.

The process takes about 3-5 weeks, plus or minus, depending on the situation.

Applicant’s lowest credit score needs to be over 680. We will provide a

conditional pre-qualification within 48 hours. *680+ FICO does not guarantee eligibility.

There are no upfront nor any recurring fees. Once the credit lines have been established, the one-time Success Fee is due. This is a percentage of the total credit lines approved and can be conveniently paid with the new credit cards.

conditional pre-qualification within 48 hours. *680+ FICO does not guarantee eligibility.

For best results the applicant’s existing revolving credit balances should be at no more than 45% of their maximum limits. Balances can be paid down during our on-boarding process. We have a partner who specializes in providing short-term loans / advances for this specific purpose (see Paydown Loan).

If the applicant doesn’t have an account with a credit monitoring website where they can share their report with us, we can run credit without a hard inquiry.

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Diamond Financial does not pull your credit report or affect your FICO score

We are not a direct bank.

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