The first twelve months are mostly spending, with revenue still catching up. Here is a plain look at what that stretch costs and what a funder will want to see.
Apply Now →We typically review about three months of business bank statements. That means a startup needs a few months of actual business deposits before the usual process applies. A business in its first few weeks may not have anything to show yet, and it is better to say so than to stretch the facts. If you have three months of real activity, you have something concrete to show, even if the numbers are small.
FICO 500+ is considered, no tax returns are required, and the credit pull is soft. A new business that has not filed a return yet is not held back by that requirement.
Your attorney or accountant should confirm which of these apply to you.
| Months | Typical cash picture | Main risk |
|---|---|---|
| 1 to 3 | Setup costs, little revenue | Running out before sales start |
| 4 to 6 | Sales build; bills grow with them | Spending as if the ramp were finished |
| 7 to 9 | Patterns appear; seasonality shows up | Misreading a good month as the norm |
| 10 to 12 | Possible first break-even | Taking on obligations that need steady growth |
A new mobile pet-grooming business spends $26,000 on a van fit-out and starting supplies, then books $6,000 in the first month and adds a bit each month, with $9,000 in monthly costs. The first months lose money on purpose. If the owner has only funded the van, a slow spring leaves no cushion. Planning the first year means funding the ramp, not just the purchase. These round figures are not our terms or a typical outcome.
We fund $25,000 to $5,000,000, funded in as little as 24 hours. The application takes about five minutes, and sole proprietors can apply. Start at the application page once you have about three months of business activity.
We typically review about three months of business bank statements, so a few months of business deposits help.
No tax returns are required.
Sole proprietors can apply. Business deposits should be identifiable in your statements.
FICO 500+ is considered, and the credit pull is soft.
If you will make taxable sales in New York, the state asks that you register at least 20 days before your first one. Check the tax department's site.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
