A file, three statements, a term sheet.
This is the whole process, in the order it happens. Nothing is hidden behind a phone call.
Open the file
From the link in our email, your previous application comes up pre-filled. From the site, you start fresh. Either way it is the same fifteen questions.
Confirm and add
Change anything that moved. Add the newest three months of business bank statements; they upload while you finish.
Sign
Draw your signature. It goes on the application document our lenders receive, with the date and time.
Hear back
A complete file gets a first read within one business day and a term sheet from the matched lender in 24 to 72 hours, or a straight answer about why not yet.
What lenders read
Five signals, in this order.
- True monthly revenue. Deposits on the statements, minus transfers between your own accounts and prior funding. Sets the ceiling.
- Average daily balance. Every day's closing balance, averaged. Sets the cost and the term.
- Low-balance days. Days that closed under a few hundred dollars. Decides whether daily or weekly remittance is realistic.
- Existing obligations. Recurring debits to funders and lenders, and what you listed. New capital versus consolidation.
- Time in business and structure. Formation date, ownership, entity. Which products and which lenders are open to you.