Clients must reach the necessary collateral requirements in their eligible account(s) sufficient to support a minimum credit line of $75,000.
The exact account balance necessary to qualify for an SBLOC depends on the specific asset mix and The Bancorp’s advance rates (i.e., the maximum percentage of your pledged assets’ value that you are able to borrow) with respect to each type of asset. The Bancorp always has the discretion to modify their advance rates at any time). The Bancorp also runs a credit check on SBLOC applications (a hard credit pull).
The Bancorp manually underwrites each SBLOC application, and they reserve the right to review additional criteria as part of their ultimate decision whether to approve an SBLOC.
