Where do I stand?
Before anyone reads your application, an underwriter reads your bank statements. This is that read, done in a minute, so you know where you stand before you apply.
Expect several offers, factor rates at the low end of the range, terms out to 12 months or longer, and room to say no to the first one.
- Deposits of $45,000 a month put you above the line most funders draw.
- No existing advances: you are a first position, which every funder wants.
- Clean statements: almost no NSFs or negative days.
- Two or more years in business, which takes the biggest question off the table.
Nothing to fix. The question now is price and term, not whether. Get more than one offer and read the whole number before you sign.
This is the read an underwriter makes from the bank statements alone. Industry, state, credit and the purpose of the money move the final offer. It is not a decision and not a promise.
How to read the result
Funders do not start with your story. They start with three months of bank statements and four numbers on them: what comes in each month, how often the account bounces or goes negative, how many other advances are already drawing on it, and how long the business has been running. Those four numbers put a file in a band before anyone looks at the industry or the credit score, and the band sets the shape of the offer: how much, how long, and at what factor.
The tool shows you that band and, more usefully, the one number holding you out of the next one. Sometimes that number is deposits, and the answer is to run more of the business through one account. More often it is NSFs, negative days or a stacked advance, and the answer is three clean months or one payoff. We would rather tell you that now than after you have signed something expensive.
Questions about the read
Why only four numbers?+
Because those are the four an underwriter reads first. Average monthly deposits say what the business takes in. NSFs and negative days say whether it keeps what it takes in. Existing advances say how much of tomorrow is already spoken for. Time in business says how many winters it has survived. Industry, credit and the purpose of the money come after, and they move the price more than the decision.
Where do the bands come from?+
From the way offers actually come back across our funder network. A business that clears every bar in a band tends to be priced like the others in that band. The lines are not a law; a funder can go either way on a file that sits near one.
My deposits are high but I have two advances. Why am I not in the top band?+
Because the next funder is paid from the same deposits the first two are already drawing on. Stacking is the single thing that turns a strong business into an expensive file. Paying one advance off, or consolidating two into one, changes the read faster than growing revenue.
What should I do if the answer is Not yet?+
Fix the number that is furthest off, which is usually NSFs or negative days, and give it three clean months. Apply then. An advance taken to cover a loss is the one kind we will talk you out of.
Know where you stand?
Apply and we will read the real statements the same way, tell you the band to your face, and go to the funders who price that band best. Every offer we bring back shows the whole number before you sign. Written down. Before anyone signs.