Guide

Do overdrafts and negative balance days stop you getting business funding?

They are the single most common reason a business with good sales is declined or priced up. More than about three returned items in ninety days typically drops a file a grade; a pattern of negative-balance days can end the application. Underwriters read them as evidence the account cannot carry another daily debit. One clean quarter, with the balance kept above a cushion, usually repairs it.

Why this matters more than your credit score

A revenue-based funder is about to take a payment out of your account every business day or every week. The question it cares about most is whether that payment will bounce. Returned items and days the balance went below zero are direct evidence about exactly that, in a way a credit score is not. A business with a 550 score and a spotless account is a better file than one with a 700 and six overdrafts.

The common thresholds: fewer than three non-sufficient-funds items in ninety days keeps a file in its grade; more than that downgrades it, which means a smaller offer at a worse factor. Zero negative-balance days is the preference, and a run of them is a decline at most funders. Many also want the average daily balance to be at least ten to fifteen times the daily payment they are about to set.

What each underwriter weighs

A BANKA REVENUE-BASED FUNDERPERSONAL CREDIT SCOREheavysomeCOLLATERAL TO PLEDGEheavynot looked atTWO YEARS OF TAX RETURNSheavynot looked atTIME IN BUSINESSheavysomeMONTHLY BANK DEPOSITSsomeheavyDEPOSIT CONSISTENCYnot looked atheavyINDUSTRY AND STATEsomeheavy
The same business, read two different ways. A bank decision is built on credit, collateral and filed accounts; a revenue-based funder builds it on the money moving through your account. That is the whole reason a bank decline says very little about whether you can be funded.

What an underwriter is actually counting

Returned or reversed ACH debits and checks, overdraft fees, days with a negative ending balance, and — the one people forget — existing daily debits from another funder that leave no room for a new one. They count them per month and look at the trend. Three in the oldest month and none since reads as a problem you fixed. None in the oldest month and three last week reads as a problem starting.

Repairing it

A clean ninety days is the usual cure, and the most recent months weigh most. Keep a cushion in the account equal to a couple of weeks of outgoings; set up overdraft protection from a savings account so a timing miss does not become a returned item; and if a specific debit keeps bouncing, move it to the day after your deposits land.

If you have to apply now, send a short note explaining each item. A customer's check that bounced on you, one bad week with a reason, a debit that was stopped deliberately: those read differently from a pattern, but only if you say so.

Sources

Related questions.

Does one overdraft disqualify me?
No. One item in three months is within most funders' tolerance. Three or more is where the grade drops; a negative balance that persists for days is where the decline starts.
Do overdrafts on my personal account count?
Funders underwrite the business account. Personal overdrafts show only if they pull your consumer credit and the bank reported them, which is uncommon.
Will a funder set a payment I cannot carry?
A good one sizes the payment to the average daily balance, which is why it reads the balance and not just the deposits. If the offered daily payment is more than a tenth of your typical balance, say so and ask for weekly or a smaller amount.

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