The Big Four

Some people have the BIG FOUR, good credit score, steady income, high valued collateral and favorable tax returns, while some do not. Depending on your eligibility you can expect different rates on your loans. Typically, an ideal borrower will have all 4 and can typically look for an interest rate between 5-6%. Someone with three of the 4 can hope for anywhere from 6- 8%. Those with only two may be looking at 10-12%. People only having one of the above criteria begin to see 13-16% and those with none look at even higher rates.

4 Types of People

1. The ideal borrower  maintains excellent credit, a high income, collateral and the tax returns to back it up. These Borrowers generally work with banks. They are those that have hit it big and are likely at least millionaires. Rarely will they ever struggle for funding.
2. Those with three of the other factors are the safe players. They work hard and maintain a good credit but are less likely to take risks. They are the Upper middle class with stable small business’s or corporate jobs. Banks or commercial lenders with low rates will target these individuals.
3. Those that maintain only two of the above factors often entrepreneurs. They take risks and are looking for the next big thing. They work to legitimize their business ventures and finally reach the top or simply work to maintain a lifestyle. Often an entrepreneur will have large amounts of collateral or income with good tax returns. Due to the risks they often take their credit can be less than desirable or they can be strapped for liquid cash.
4. Those with 1 or none of the above factors are what we consider the Dreamers. If they played it safe they would likely at least have a good credit score. Dreamers who are looking for loans often believe they have the deal of their lives. Gravity Capital wants to help the dreamer not only receive the funding they need but also help them improve their credit situation, so they can qualify for better rates with Gravity or with their partners. Our goal for everyone to finish every transaction better than before. Apply for a Loan Today.