Plain English business funding guide
How to Prepare for Business Funding
A clear, complete application helps a provider understand the business faster. Preparation also helps the owner compare options from a stronger position.
Know the request
Define the amount, use of funds and expected business result. A provider should be able to understand why the capital is needed and how the business expects to repay it.
- Requested amount
- Specific use of funds
- Preferred timing
- Expected impact on revenue or costs
Organize business records
Requirements vary, but many providers review recent bank activity, revenue, time in business, tax returns, financial statements, ownership and existing obligations.
- Business bank statements
- Recent financial statements
- Business tax returns when requested
- Debt schedule
- Owner identification and ownership records
Review before accepting
Approval is not the final decision. Compare total repayment, fees, payment frequency, term, collateral, guarantee requirements and early payoff terms before signing.
Ready to explore a starting point?
Answer a few business questions and see which funding path may be worth reviewing first.
Find My Funding Options