Credit Guidelines Overview

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Credit Guidelines

Balboa Capital •2010 Main Street •11th Floor •Irvine, CA 92614 •www.balboacapital.com

PERSONAL GUARANTY GUIDELINES*

$5,000 - $50,000 $50,001 - $75,000 $75,001 - $100,000 $100,001 - $150,000

Time in Business 235 7

Minimum FICO 630+ 640+ 660+ 680+

Maximum MDS 700 700 675 650

Comparable Debt Credit Discretion Credit Discretion Required Required

Site Inspection Credit Discretion Required at $35,000 Required Required

CORP ONLY GUIDELINES*

$2,000 - $25,000 $25,001- $50,000 $50,001 - $100,000 $100,001 - $150,000

Time in Business >=5 > = 6 > = 7 > = 8

D&B Rating >=1R3 > = 1 R2 > = BA1 > = 1A1

Paydex >=64 > = 64 > = 64 > = 64

Comparable Debt Credit Discretion Credit Discretion Required Required

Employee Size 10 25 40 50

Tax Returns Not Required Credit Discretion Credit Discretion Credit Discretion

Site Inspection Credit Discretion Required $35K Required Required

*All transactions must also meet Balboa Capital’s internal scoring guidelines.

Restricted Industries

Adult Entertainment

Casino/Gambling

Commodity/Security Brokers

Forestry

Livestock

Logging

Long Haul Trucking

Mining

Oil/Gas Extraction

Special Industries

Requires five (5) years time in business under current ownership

Agriculture(crops)

Transportation Business

Trucking

Restaurants/Bars

Internet Service Providers

Non Profit Entities

Requires ten (10) years time in business under current ownership

Mortgage Banker, Broker

Real Estate Agencies

Construction

Contractors

Credit Guideline

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PROFESSIONAL PROGRAM

Balboa Capital will consider start up requests up to $35,000 for certain professionals under the

following guidelines:

- Verification the professional has been licensed three (3) years or three (3) years of industry

experience

- Verified business checking account

- Two years of personal tax returns and current personal financial statement for each owner

- The professionals included in this program are attorneys, CPAs, degreed engineers and

architects

- Due to the higher risk associated with a start up, 300 basis points must be added to the

approved rate

- ACH and a blanket UCC filing is mandatory

- Require 2 payments to 20% upfront (analyst’s discretion)

EXPANSION REQUESTS

- New location must be for the same business type and product type

- $35,000 is maximum consideration without a complete financial package

- Personal Guaranties are required

- Current location needs to be operating under the current ownership for at least five (5) years

- Restaurants are restricted, will consider higher end franchises on a case by case situation

- Retail, cautionary and restricted industries are restricted from expansions

- Total financing needs need to be disclosed upfront