Minimum requirements
| Requirement | Typical minimum |
|---|---|
| Time in business | 12+ months |
| Monthly revenue | $10K+ in deposits |
| Credit score | No minimum — all scores considered |
| Bank account | U.S. business checking account |
| Location | U.S.-based business |
| Bankruptcy | No open bankruptcy |
What you'll need to apply
Owner information
- Full name, date of birth and Social Security Number
- Email address and mobile phone
- Ownership percentage
Business information
- Legal company name and entity type (LLC, corporation, etc.)
- Business start date, industry and state of incorporation
- EIN (Tax ID)
- Business address and website (if you have one)
- Number of employees and amount requested
Documents
- Last 4 months of business bank statements (all pages, PDF)
- Before funding, you may be asked for a driver's license and voided check
What funders look at in your bank statements
- Average monthly deposits — the biggest factor in how much you qualify for
- Consistency — steady revenue is better than one big month
- Average daily balance — shows your cash cushion
- Negative days and overdrafts — fewer is better
- Existing advances and loans — current daily or weekly payments
How to improve your approval odds
- Run all revenue through one business account
- Avoid overdrafts in the months before applying
- Submit complete statements with every page
- Request an amount that fits your revenue (roughly 50–150% of one month's deposits)
- Answer your phone — verification calls speed up funding
Low credit score? Read about bad credit business funding.
Requirements FAQs
Can I qualify with less than 12 months in business?
Some funders consider businesses with 6+ months of strong, consistent deposits, usually for smaller amounts. Apply to find out whether you qualify.
Do I need a business bank account?
Yes. Funders need to see revenue deposited into a business checking account in the business name.
Can I qualify with existing advances?
Often, yes, depending on your revenue and current payments. Be sure to disclose existing advances on your application.
Do I need tax returns?
Usually not for smaller advances. Larger requests may require tax returns or financial statements.