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By Travis Yule — CEO & Founder, Full Send Funding
Published 2025-08-27 · Updated 2026-10-14
Four months, $10,000 a month, a business account and no open bankruptcy. The rest — rough credit, a settled default, an existing advance, non-profit status — is an input.
In one sentence: The published threshold is four months in business, $10,000 a month of verifiable revenue, a business bank account, no open bankruptcy and a US-based business; credit, collateral, entity type and state are not gates, virtually every industry is served, and a settled default is history while an open one is a decline.
To qualify for revenue-based funding here you need four months in business, at least $10,000 a month in revenue, a business bank account, no open bankruptcy, and a business based in the United States. That is the published threshold, and alongside it an open, unresolved default is a decline. On deals up to $2 million, 90% of complete applications that meet our requirements are approved.
Everything below is the set of questions applicants ask once they have read that list — mostly variations on "does my particular complication disqualify me?" For each criterion it sets out what the criterion measures in your bank statements and how a file sitting near the line is read, and a single checklist near the end gathers what you can check in your own statements before you apply. The answers are more permissive than most owners expect, and where something genuinely is a problem we say so.
Five things are requirements, and one further line, an open, unresolved default, is a decline. Nothing else is a published requirement.
Four months in business, because underwriting reads four months of business bank statements — the section below explains what that means in practice. Longer history prices better, but four months is a genuine floor rather than a technicality.
$10,000 a month in revenue, averaged across the window — which matters for seasonal businesses, because the average smooths a slow month or two.
A US business bank account that receives the revenue. It is the requirement that makes the other two measurable, and the section on it below explains how.
No open bankruptcy. A discharged one is a different matter — see below.
Based in the United States. We fund nationwide and accept applications from all 50 states; where in the country the business operates is not a factor, but the business itself has to be US-based.
Separately from the five, an open, unresolved default is a decline; a settled one is not, and that distinction has its own section.
Notably not on the list: a credit score threshold, collateral, a business plan, projections, profitability, or being in a particular industry. Business credit is covered by the Equal Credit Opportunity Act, so a decision cannot turn on a protected characteristic.[1] If we decline, we tell you why: always if you ask, and often without being asked.
The split between the lines and everything else is the most useful thing on this page. The requirements are fixed lines: they do not move with the rest of the file, and each one is a yes or a no. The file-level inputs — the credit file, the balance, existing positions — work the other way: they move the size and the price of an offer rather than deciding whether one exists. A business inside every line with a rough credit file, a thin balance and one existing position is a normal application. A business with a perfect score and nine weeks of trading is not an application yet.
The criteria read like facts about the business — its age, its size, its credit. In practice almost all of them are read off the same four documents, and knowing where in those documents each one lives is what lets you check your own file before anyone else does.
The requirement exists because of the document ask. Underwriting reads four months of business bank statements, and a business trading for less cannot produce them, so the practical test is whether four complete, consecutive months of the business's deposits exist on statements the bank issued.
Revenue that ran through the owner's personal account is generally not counted, because the statements underwriting reads are the business account's. A business that has traded for years but opened its business bank account less than four months ago is a conversation rather than an automatic no, especially if there is existing revenue or a strong personal credit profile. What a four-month file can support, and why the offer rises as the history lengthens, is covered on its own page.
How a borderline file is read. The first thing checked is not a number. It is the header of each statement: the account title against the applying entity, the four statement periods against each other for a gap, and each "Page 1 of N" line against the pages actually supplied. Four consecutive, complete statements clear it. Three statements and a promise do not, and a business in its tenth week is asked to come back when the fourth statement exists. There is no work-around inside the floor, and none is needed — the wait is weeks, not years, and those weeks are better spent making the statements clean than arguing the calendar.
One case is worth a phone call rather than a guess: a first statement that covers only a few days of trading because the account opened late in a cycle. Ask whether the file is ready before applying and you will get a straight answer.
The revenue test is not the number printed in the summary box at the top of your statement. It is verifiable revenue: deposits an underwriter can see, net of transfers between your own accounts and of any funding proceeds. That figure is then averaged across the four months.
A worked example shows both halves. Take a business whose four summary boxes read $10,600, $11,200, $10,900 and $12,000. Added up that is $44,700, an average of $11,175, which looks comfortably over the bar. Now suppose $1,500 in each of those months was the owner moving money in from savings to cover a gap. Take it out and the four months are $9,100, $9,700, $9,400 and $10,500 — $38,700 in total, an average of $9,675. The owner thought of the business as an $11,175 business, and it is read at $9,675: under the line, from the same statements, with nothing hidden. Why transfers are netted out, and what else comes out of the gross figure, is covered in the bank-statement guide.
The averaging works in the owner's favour as well. A business whose verifiable revenue runs $8,500, $11,000, $12,500 and $9,000 has two months under $10,000 and still clears: $41,000 across four months is an average of $10,250. A single soft month does not decide the test, which is why a business at $9,000 one month and $12,000 the next is at the bar rather than under it.
How a borderline file is read. Two further readings sit behind the average, and why applications decline sets out how each is judged — against the rest of the file rather than a published cut-off. The first is consistency: the weakest normal month is set against the average. In the $10,250 example the weakest month is $8,500, about 83% of the average, close enough that the average is used as it stands; a business whose weakest month sits far below its average is usually sized to that month instead. The second is direction: a most recent month well below the window's average, with no explanation, usually ends the file, because a payment sized to the average would land on a business no longer producing it. In the example the most recent month, $9,000, is about 12% below the average — a soft month, not a trend.
Two things commonly hold a business under the bar that is really over it. The first is revenue landing somewhere else — a card processor paying out to a personal account, a second business account, cash spent before it is banked — which is missing from the figure underwriting computes; routing it into the one operating account raises that figure without changing the business at all. The second is a window that catches a seasonal trough. A seasonal business in that position should send last year's statements for the same four calendar months; they are volunteered rather than required, and they turn a weak month into a date that repeats.
The account requirement is the one that makes the other two measurable. Underwriting reads a business account's deposit history, and revenue landing in the owner's personal account is generally not counted, so a business account that receives the revenue is a requirement rather than a preference.
We fund US-based businesses nationwide and accept applications from all 50 states. The business needs to be based in the United States with a US business bank account; where it operates inside the country is not a qualification factor.
If some revenue lands in a second business account, send both statements and say which is which: the two get reconciled, and transfers between them are netted rather than added.
Applying uses a soft credit pull only. It leaves no mark on the score and is visible only to the person whose file it is. What comes back is one input — a signal that prompts questions, not a pass/fail gate — and a low personal score is not a decline. Deposit consistency, average daily balance and negative days do the work a credit file would otherwise do, which is the entire reason this product exists.
The Do I Qualify check sits one step earlier still: five questions against the published bar, no credit pull at all, and no contact details required. Passing it means you are pre-qualified against the five published criteria it asks about. It is not a decision; the decision is made on the statements.
What stands in for the score is visible in the daily balance summary near the end of each statement. Isolated days below zero across the window, each explained by a timing collision, are usually priced rather than refused; days that recur through a month, or overdrafts that land in the same week of every month, usually are not. Soft pull versus hard pull covers what each kind of inquiry does to a file.
An open case is disqualifying for a structural reason: a court process has authority over the assets, and a funder cannot responsibly take a payment from an account the court may direct elsewhere. A discharged bankruptcy does not disqualify. Once the case closes, the question returns to the account: what the deposits show, what the balance does, what is already being remitted.
If you are not sure whether a case is open or discharged, call and ask before you apply. It costs nothing to find out, and "not sure" is not the same answer as "no".
A settled or paid-off previous default does not disqualify a business. An open, unresolved default is a decline. The distinction is resolution, not history — and it is worth stating plainly because a lot of owners assume the first case is fatal and never apply.
How a borderline file is read. A default is visible in the statements whether or not it is disclosed: a fixed debit to another funder that stops mid-window, followed by nothing, is read for what it is. A returned remittance to another funder is read as a default in progress. The file turns on whether the obligation is closed, and the evidence of that is a document — a settlement letter or a payoff confirmation. A business that arrives with the letter in hand has turned a decline into an ordinary question about capacity. If the obligation has not ended, resolve it before applying; if you are unsure whether an arrangement you are still paying counts as resolved, ask first.
Non-profits are funded on the standard bar. Revenue is revenue, and a non-profit with $10,000 a month of deposits, four months of history and a business account meets the threshold like anyone else — how the organisation is structured for tax purposes does not change what underwriting reads.
The one thing to watch is a single large deposit — a grant that arrives once, a year-end appeal. It reads the way any single large deposit does, as one payer or a one-off rather than a recurring pattern. It is real money, and it is worth a line of explanation in the application so it is read for what it is.
Virtually every industry is served. Different sectors underwrite differently — a business with card revenue every day reads differently from a contractor invoicing on net-30 — but among the industries served the difference shows up in the structure proposed rather than in eligibility.
The clearest example is the payment rhythm. Our schedules are weekly, bi-weekly or, for qualified clients, monthly (daily available on request), and which one fits follows how many days money lands on: a subcontractor paid in draws has lumpy receipts, so a weekly or monthly payment sized to the draws is the variant that fits, and a daily payment would be the wrong shape even if asked for. That count of deposit days says more about the structure you will be offered than the name of your industry does. Daily versus weekly payments works through that choice. Daily payments are available on request, but they are not our preferred payment method.
Business structure is not a qualification criterion. LLCs, S-corporations, C-corporations, partnerships and sole proprietorships are funded alike, and the bar is the same five requirements for each.
The one condition is the account. Sole proprietorships qualify where the revenue runs through a business account, and that is the part that trips up a sole trader, because the business and the owner often share one. A sole proprietor running the business through a personal account does not qualify: the revenue has to run through a business bank account. A registered entity is cleaner and is worth doing anyway for the business credit file, but it is not a requirement.
Whatever the structure, the name on the bank account, the name on the application and the business's registration should all describe the same business. A mismatch is not a decline; it is a question underwriting has to ask, and a question asked on day two is a day added to the clock.
Judgments and liens are read for whether they are active and what they attach to. An open tax lien or an active judgment is usually a conversation rather than a decline, decided file by file — what is owed, to whom and whether it is being paid all matter, and a payment plan the statements show helps; a satisfied one is history. Either surfaces in the statements or the public record, so telling us early is what keeps the options open.
"I already have an advance. Can I still qualify?" Often, and the disclosure costs you nothing while concealment costs you the deal.
Existing positions show in bank statements as fixed amounts, debited on banking days only, from recognisable ACH originators. A position is not a problem in itself; underwriting needs the true picture to size anything safely. What ends an application is finding one that was not disclosed, because the file stops being about cash flow and starts being about accuracy.
What matters is total debt service against real cash flow. One disclosed position is routine. Three concurrent positions usually means the honest answer is a restructuring conversation rather than a new offer — and adding a fourth on top of them is stacking, which makes every payment harder to carry rather than easier. A freshly funded position is a problem of its own, because the statements that would show the account carrying it do not exist yet.
Four criteria come up often as reasons owners give for not applying, and none of them is a requirement.
Profitability. It is not a requirement and not a gate: qualification is read from the statements, and the account shows cash, not accrual. A profitable business collecting in ninety days can be less able to carry a daily payment than a break-even one paid at the till, and the statements show the second thing rather than the first.
A business plan or projections. Neither is part of revenue-based underwriting. The statements are the evidence, and a forecast cannot substitute for four months of them in either direction — a strong plan does not lift a thin file, and the absence of one does not weaken a good one. Beyond a line on anything unusual in the statements, the only writing worth preparing is a sentence on what the money is for.
The amount you ask for. It is read, and it is not what sizes the offer: the size comes from what the account can carry, inside the published sizing band of 80% to 150% of average monthly revenue. Asking for a figure outside that band tells an underwriter what you need, which is worth knowing; it does not change what the statements support. How much you can borrow covers where in the band a file lands.
Collateral. None is required: no collateral is required on anything we fund in house. A business that owns nothing it could pledge is in exactly the same position as one that owns a building.
Put the criteria together and a pattern emerges. The requirements are applied as lines: under four months, under $10,000 averaged, no business bank account, a business based outside the United States or an open bankruptcy — and, alongside them, an open default — and the answer is no, or not yet. Everything else is read as one question about capacity — how much can this account carry? — and answered with a size and a price rather than a yes or a no.
That is why "borderline" usually means one of three things, and each resolves differently.
Near the revenue floor. A business whose four-month average clears $10,000 qualifies, even by a little; one averaging just under is asked to come back once it clears rather than priced differently. The gap is usually visibility rather than growth — revenue that exists but lands outside the business account — and fixing the routing shows up on the next statement.
Near the time floor. At four months the file is thin rather than weak. It qualifies, and the offer sits toward the lower end of the sizing band, because four months is less evidence than twelve. The next four months, run cleanly, are what move it.
Inside every line, but stretched. Negative days, a low balance, an existing position, a sliding recent month. None of these is a requirement and none disqualifies on its own. Together they decide whether the account can carry another payment, and why applications decline sets out how each is judged and what moves it at thirty, sixty and ninety days.
With the four statements in front of you:
If every line comes out clean, the file is simple. If one does not, you now know which one, and the bank-statement guide sets out what to change in the thirty days before applying.
A decision comes within 24 business hours of a complete submission. On deals up to $2 million, funding follows within 24 hours of approval, so application to money in the account is typically 1 to 3 business days end to end. Same-day funding is possible on a clean file submitted before 2pm ET.
"Complete" and "clean" are doing the work in those sentences. The clock runs from a complete submission, and what stops it is almost always a missing statement rather than a hard decision. A clean file means four complete statements as the bank issued them, entity details that match everywhere, existing positions disclosed with payoff figures where relevant, verified banking details for the wire, and a decision-maker who answers the phone — because underwriting will call, and the call is short. Missing any one of those turns a same-day file into a next-day one. Same-day funding covers the cutoff in detail.
Four months of complete business bank statements — full PDFs, all pages, as the bank issued them — or the same statement data through a read-only Plaid link to the business account, whichever you prefer. Alongside them: a valid form of ID, a voided business check and basic business information. Above about $250,000 we often, though not always, also ask for the most recent business tax return and either year-to-date financials or an A/R aging report, depending on the business.
Have existing positions ready to disclose, payoff figures if any are being retired, and an explanation for anything unusual in the statements. The full preparation list is here.
Worth stating, because they are common in this market and they change what a bad outcome looks like:
Working capital, which we fund in house as an advance, runs $5,000 to $10 million, on terms from four months to three years. Our flex line of credit runs $10,000 to $2 million, each draw priced as its own advance. A loan or an interest-bearing line is arranged with a direct lending partner, only if you choose to and at no fee to you, on the partner's terms.
If your situation is not covered here, call 518-312-0382 and ask. The complicated cases are the ones worth a conversation rather than a form. For the straightforward ones you can check whether you are pre-qualified in about a minute, and once the statements are in order, apply.
The qualification bar and every answer here are the firm's own published rules, several of them confirmed with the owner before publication — non-profits funded on the standard bar, settled defaults not disqualifying, virtually every industry served. This version reads each criterion against the bank statements it is measured in. The borderline readings — the weakest and most recent months against the average, and days below zero — carry no published cut-off; the article on why applications decline explains how each is judged against the whole file, and none is set here. The revenue examples are illustrative figures with the arithmetic in the prose. The approval rate — 90% of complete applications that meet the firm's requirements, on deals up to $2 million — is the firm's own figure. The point about business credit applicants' protections is stated from Regulation B.
Five: four months in business, at least $10,000 a month in revenue averaged across the window, a business bank account that receives the revenue, no open bankruptcy, and a business based in the United States. That is the published threshold; alongside it, an open, unresolved default is a decline. Not on the list: a credit score cut-off, collateral, a business plan, projections, profitability, or being in a particular industry.
Usually. The score is pulled — softly, so it leaves no mark — and it is one input rather than the decision. Deposit consistency, average daily balance and negative days do the work a credit file would otherwise do, which is the reason revenue-based funding exists. On deals up to $2 million, 90% of complete applications that meet our requirements are approved.
Not if it is settled or paid off; an unresolved one is a decline. What underwriting looks for is evidence that the obligation is closed, usually a settlement letter or a payoff confirmation, so send it with the application.
A discharged bankruptcy does not. An open one does, because there is a court process with authority over the assets. Once discharged, the question goes back to the account: what the deposits show, what the balance does, and what is already being remitted.
Yes, on the standard bar. Revenue is revenue — a non-profit with $10,000 a month of deposits, four months of history and a business account meets the threshold like anyone else. The structure proposed may differ, as it does across all sectors, but eligibility does not.
Very few: virtually every industry is served. Different sectors underwrite differently — a business with card revenue every day reads differently from a contractor invoicing on net-30 — but among the industries served that difference shows up in the structure proposed rather than in whether you qualify. We also fund nationwide, so the state you operate in does not decide eligibility.
Often. Disclose it: existing positions show in bank statements as recurring debits, so an undisclosed one is found anyway, and finding it turns the file into a question of accuracy. What is weighed is total debt service against cash flow. A single disclosed position is common; several running at once usually point toward restructuring rather than another advance.
Apply if your four-month average clears $10,000, even by a little; the test is the average, so one soft month does not decide it. If the average falls just under, come back once it clears. Two things help near the line: make sure every dollar of revenue lands in the business account, since split deposits understate the business more often than owners realise; and if the window catches a seasonal trough, say so and supply the prior year’s shape.
Four months of complete business bank statements — full PDFs, all pages, as the bank issued them — or the same data through a read-only Plaid link, plus a valid form of ID, a voided business check and basic business information. Above about $250,000 we often, though not always, also ask for the most recent business tax return and either year-to-date financials or an A/R aging report, depending on the business. Underwriting will call and the call is short; have existing positions ready to disclose, payoff figures for anything being retired, and an explanation for anything unusual in the statements.
Through the document ask: underwriting reads four months of business bank statements, so what is checked is four complete, consecutive statement periods on the business account. Revenue that ran through a personal account is generally not counted. A business that has traded for years but opened its business bank account less than four months ago is a conversation rather than an automatic no, especially if there is existing revenue or a strong personal credit profile. If the first statement covers only a few days of trading, call and ask whether the file is ready before applying.
As verifiable revenue averaged across the four statements: total deposits each month, minus transfers in from your own accounts and minus any funding proceeds. Four months reading $8,500, $11,000, $12,500 and $9,000 average $10,250 and clear the bar. A summary box that looks over the line can fall under it once transfers from savings are taken out, so do the subtraction before you apply.
Four complete, consecutive statements in the business name; verifiable revenue averaged across them; the weakest and most recent months against that average; days below zero in the daily balance summary; how many days a deposit lands on; every recurring debit to another funder; any fixed payment that stops mid-window, which needs its settlement or payoff letter; and a sentence of explanation for anything unusual.
No. The check asks five questions against the published bar, uses no credit pull and needs no contact details, and passing it means you are pre-qualified against those criteria. The decision is made by underwriting on your bank statements, within 24 business hours of a complete submission, and the application itself uses a soft credit pull only.
Travis Yule worked in business funding before starting Full Send Funding in 2021, and has more than five years in business funding in all. He leads the company from Middle Grove, New York, and writes about working capital from the underwriting side of the table — what the numbers actually have to say before a business gets funded.