Plain English business funding guide
Common Business Funding Requirements
No single requirement applies to every product or provider. Most reviews combine the strength of the business, the owner, the requested amount and the purpose of the funding.
Business performance
Providers often review revenue consistency, bank deposits, operating history, profitability or cash flow and current debt obligations.
- Time in business
- Monthly or annual revenue
- Cash flow and bank activity
- Industry and seasonality
Credit and ownership
Depending on the product, a provider may review business credit, personal credit, ownership, legal records and whether an owner guarantee is required.
Product specific factors
Equipment financing may depend on the asset. Factoring may depend on invoice quality and customer credit. A line of credit may place more weight on recurring cash flow. The product should fit the actual business need.
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