ROOM partners with Ascentium for our financing program. The minimum requirements are as follows:

• On most of our transactions, Ascentium requires a personal guaranty from individuals who represent a minimum of 51% of the applicant’s ownership.
• All personal guarantors and business signers must be permanent U.S. residents or U.S. citizens.
• Applicants may be considered without personal guarantors, but they may require financial disclosure or stronger commercial credit characteristics.
• A minimum of 2 years in business unless the application is submitted with a corporate guarantor that has more than 2 years in business with common ownership in a related field or industry.
• A FICO score of 650 or greater, and authorization to pull credit, for all personal guarantors.
• No bankruptcy in the last 10 years.

You can learn more about Ascentium's financing requirements on their website here.