Direct Answer: What are the requirements for business funding?
Generally, you need: 1) At least 6 months in business, 2) A business bank account, and 3) Monthly revenue of $15,000 or more. Personal credit is secondary to these cash flow metrics.
Wasting time applying for loans you'll never get. It's frustrating to fill out paperwork only to be told you're too new or too small.
The Solution: Cash Flow Funding
Use this checklist to see where you stand. If you meet the 'Fairly Funded' basics, you have a high chance of approval.
How We Help Business Funding Eligibility Checklist
Fairly Funded connects you with partners who understand your industry. We look past the FICO score and focus on the health of your business.
Key Use Cases:
- Self-Check: Review your last 3 bank statements.
- Preparation: Deposit cash into the business account, not personal.
- Timing: Apply when your balances are highest.
Frequently Asked Questions
What if I have overdrafts? A few are okay, but excessive overdrafts (5+ per month) can hurt your approval odds. Try to keep a positive balance.
Ready to Move Forward?
Don't let a lack of capital slow you down. Apply today and see your options in 24 hours.