What to Have Ready Before You Apply for Business Funding
The faster your documents are in, the faster you can get a decision. Here is a simple checklist to have ready before you apply.
The basics
- Your business name, address and ownership details
- A short, completed application
- Recent business bank statements, typically 4 months
Know your numbers
Before you apply, take a few minutes to check your average monthly revenue and what you want the funds to do. A clear goal helps a funding specialist size the right amount for you, instead of too little or more than you need.
Check your bank activity
Decisions for a merchant cash advance focus on the money moving through your business. Steady deposits matter more than a perfect credit score. If your statements show unusual one-time deposits or transfers, be ready to explain them.
What happens next
After you apply, a funding specialist reviews your information, usually gets you a decision the same day, and walks you through every number before you accept. Applying usually does not affect your credit score. In some cases a soft credit check may be used, and we will let you know first.
Need help choosing a product?
If you are not sure which option fits, compare term loans, equipment financing and invoice factoring on our site, or ask a specialist.
Ready to see what you qualify for? See My Options or call (954) 355-6622. There is no obligation.