The process
From the record to an offer
Three stages. The first takes a couple of minutes; the second is where a lender reads your evidence; the third is yours to decide.
Step 01
State the record
Amount, contact details, then time in business, monthly revenue and what the money is for. Five questions, answered from memory. Nothing to upload.
- Five questions
- No documents at this stage
- No fee to apply
Step 02
A lender reads the evidence
Our funding partner puts the application in front of lenders on the network that fund businesses with a record like yours. This is when a lender may ask for statements and pull credit.
- 80+ lenders on the network
- Statements only if a lender asks
- Credit checked with your authorization
Step 03
You decide
Offers come back with their amount, term and cost. Compare them, ask questions, or decline all of them. Once you accept and are approved, funding can arrive in as little as 24 hours.
- No obligation to accept
- Cost across the whole term
- As little as 24 hours once approved
What you'll be asked to show
Five things a lender reads, and what each one tells them
No lender funds a promise. What they fund is a record, and it comes down to the same handful of items whichever program you end up in. Here they are, with every published requirement named and nothing guessed.
-
Time in business
How long the business has been trading. The application asks it in bands, from under a year to ten years or more.
What it provesThat the business has lasted through more than one season, and that its revenue has a history rather than a start date.
Which programs lean on it- Equipment financing12+ months in business, usually
No other program publishes a minimum. The lender decides.
-
Monthly revenue
Roughly what comes into the business in a month. The application asks it in ranges.
What it provesThe size of what the business can carry: how much a repayment would be as a share of what it takes in.
Which programs lean on it- Equipment financing$50,000+ annual revenue, usually
- Revenue-based fundingTerms lean on sales rather than the credit file
For the other four, what counts as enough is the lender's call.
-
Recent bank statements
The business account, month by month, once a lender asks for it.
What it provesThat the revenue is real. Deposits are the one figure a lender does not have to take on trust.
Which programs lean on it- Working capitalRepaid by daily or weekly ACH
- Revenue-based fundingRepaid by daily or weekly ACH
How many months they want to see, the lender decides.
-
Credit
The owners' and the business's credit history, with your authorization, when you submit.
What it provesHow debt has been handled before. It is one item among five, not the whole case.
Which programs lean on it- Equipment financing650+ usually, though solid cash flow can make the case below it
- Revenue-based fundingLow scores and limited history considered
The rest publish no minimum score. The lender decides.
-
For equipment, the quote
What the machine, vehicle or fit-out costs, from whoever is selling it.
What it provesWhat the money buys and what it is worth. Qualifications vary with the equipment itself.
Which programs lean on it- Equipment financingUp to $250K, over 1 to 5 years
Specific to equipment financing.
The first application asks for none of these as documents. It asks five questions, two of which are time in business and monthly revenue. Statements, credit and quotes come later, when a lender asks for them.
The network's figures
Totals for the lending network, not for this brand
Proven Business Funding is one door into a shared network of lenders. These are that network's numbers.
The application
Put the record forward
Five questions and a couple of minutes. A lender reads it; you decide what, if anything, to accept.
The application is the way in, and it takes about two minutes.
