The basics
| What we look at | What we want to see |
|---|---|
| Time in business | 6 months or more of trading activity |
| Monthly revenue | $15,000 a month or more, arriving consistently |
| Business bank account | An account the revenue actually runs through |
| Credit | No hard floor. Scores in the 500s are funded routinely. |
| Location | Operating in California |
| Ownership | 50% or more where there are partners. Sole proprietors are eligible. |
What the bank statements decide
The score sets which product you are read against. The statements decide the rest: average daily balance, how many deposits arrive each month, how many negative days, how many NSFs, and whether revenue is steady or spiky.
Consistency beats size. Eight or more deposits a month on a steady balance reads better than one large deposit and three quiet weeks.
If you already have a position
An existing advance is not an automatic decline. What matters is how much of your daily revenue is already committed and whether payments have been kept. Declare it up front — it is visible in the statements within minutes, and a file that omits it loses credibility at the worst moment.
What will stop a file
- Under 6 months in business
- An open bankruptcy
- Revenue that cannot be evidenced in a bank account
- Non-profits
What to have ready
- Three months of complete business bank statements
- Legal entity name and EIN as they appear on the account
- An honest list of any existing positions
A complete file is the single biggest thing separating a decision in hours from a decision in days.