Planning guidelines, not approval criteria. Funders set their own standards and every decision rests on your actual bank statements and application. See what underwriters examine.
Merchant cash advance (MCA)
Repaid as a share of sales or fixed daily or weekly debits. Underwritten mostly on deposits.
| Requirement | What to expect |
|---|---|
| Monthly revenue | Commonly from about $7,500 a month |
| Time in business | Often 3+ months |
| Credit | Flexible. Weighed less than deposits, but can affect price |
| Bank activity | Steady deposits, limited NSFs, low existing payment burden |
| Existing positions | Each additional position reduces what is available. Heavy stacking points to refinance instead |
| Documents | 3 to 4 months of bank statements, ID, voided check, application |
| Speed | Often the fastest option, with the highest cost per dollar |
Sizing guideline in these pages is roughly 0.5x to 1.5x monthly revenue, illustrative only. Check your fit →
Business line of credit
Revolving limit you draw on and repay as needed.
| Requirement | What to expect |
|---|---|
| Monthly revenue | Commonly from about $17,500 a month |
| Time in business | Usually 1+ year |
| Credit | Commonly fair-to-good, around 650+ |
| Bank activity | Consistent deposits, healthy average balance, few or no NSFs |
| Existing debt | Total payments should leave room in monthly cash flow |
| Documents | 4+ months of statements, ID, voided check, sometimes tax returns or financials |
| Cost | Interest on what you draw, plus any fees. Compare total cost |
Larger limits usually need more documentation. Check your fit →
Working capital loan
A fixed amount repaid on a schedule, used for payroll, inventory, marketing or growth.
| Requirement | What to expect |
|---|---|
| Monthly revenue | Commonly from about $17,500 a month |
| Time in business | Often 6+ months |
| Credit | Commonly 600+, with better terms as it rises |
| Bank activity | Steady deposits and reasonable balances |
| Existing positions | Fewer is better. Heavy existing payments reduce offers |
| Documents | 3 to 4 months of statements, ID, voided check, application |
| Repayment | Fixed schedule, often daily, weekly or monthly |
Amount and term depend on revenue and the statements, not a fixed formula. Check your fit →
Equipment financing
Funds an equipment purchase, with the equipment as security.
| Requirement | What to expect |
|---|---|
| Monthly revenue | Depends on equipment cost and payment size |
| Time in business | Often 6+ months. Newer businesses may need a down payment |
| Credit | Commonly 600+. Stronger credit helps with rate and down payment |
| Equipment | New or used, with a vendor quote or invoice |
| Term | Typically matched to equipment life, up to 60 months |
| Documents | Vendor quote or invoice, bank statements, ID, application |
| Down payment | May be requested depending on credit and history |
MFE equipment terms do not exceed 60 months. Check your fit →
Invoice factoring
Advance against unpaid invoices from business customers.
| Requirement | What to expect |
|---|---|
| Monthly revenue | Commonly from about $7,500 a month in invoices |
| Customers | Business or government customers with established payment history |
| Time in business | Less emphasis than other products |
| Credit | Your customers' payment record often matters more than yours |
| Invoices | Real, undisputed invoices, usually net 30 to 90 days |
| Documents | Invoice list or A/R aging, customer details, ID, application |
| Fit | Common in staffing, trucking, wholesale and contracting |
Not for businesses that are paid at the point of sale by consumers. Check your fit →
Next steps
- Take the quiz for a score and product matches
- Estimate payment and total repayment
- Funding by monthly revenue
- Start your application