Whether you'll qualify

Can you get business funding with a 580 credit score?

Can you get a business loan after only 8 months?

Does applying for business funding hurt your credit score?

How much can you borrow on $40,000 a month in revenue?

Before the first dollar of revenue

Who funds a business that has not opened, and why it is not us yet.

The revenue floor

Around $10,000 to $15,000 a month in deposits opens most doors. Under that, one product still does.

Overdrafts and negative days

More than three returned items in ninety days downgrades a file. The fix takes one clean quarter.

Already have a loan

A bank loan, an SBA loan or an equipment note rarely blocks you. A second advance is a different question.

After a bankruptcy

Banks want three to five years. Revenue-based funders look at a discharged case after one to two.

Reading your statements

Seven things, in the order they are checked. Most declines are decided by the third.

Under six months

Honestly, mostly no on deposits. Equipment financing and the owner's own file are the two doors that open.

Counting time in business

Funders read the bank account, not the state filing. An LLC formed two years ago with six months of deposits is six months old.

Just bought the business

If you bought the entity and kept the account, the history is yours. If you bought the assets into a new LLC, it mostly is not.

Restricted industries

Cannabis, adult, gambling, firearms, money services, crypto and nonprofits are declined by most funders before the file is read.

Judgments and collections

Collections on the personal file barely register. An unsatisfied judgment against the business is a different matter.

Partners and ownership

Most funders pull every owner over 20 to 25 percent. The one who signs the guarantee is the one who matters most.

When to go again

The honest answer is a condition, not a number of days.