What Do You Need to Qualify for Business Funding?
Last updated: July 2026
The core requirements: about $250K+ in annual revenue (or ~$15K monthly), at least 6 months in business, a business bank account, and 3 months of business bank statements — with qualification paths starting at a 500+ FICO. Multiple paths exist, so missing one benchmark doesn't automatically disqualify you, and checking your options involves no hard credit pull.
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Minimum requirements checklist
- Time in business: 6+ months
- Revenue: ~$250K+ annual, or ~$15K+ monthly
- Bank statements: 3 months of business bank statements
- Business bank account: required — funding deposits and repayments run through it
- Credit: 500+ FICO qualification paths; revenue matters more than score
- Alternative path: large outstanding B2B invoices (see invoice financing)
These benchmarks are published by our funding partner, REIL Capital. Meeting more than one strengthens your offers.
Documents you'll need
- 3 months of business bank statements — the only document most applicants need for initial offers.
- Basic business details: legal name, entity type, time in business, industry.
- For larger amounts or specific products, the specialist may request additional items (e.g., invoices for invoice financing).
Can you qualify with bad credit?
Often, yes. Alternative funding flips the bank formula: revenue and cash flow lead, credit follows. REIL Capital evaluates your revenue, industry, and cash flow — not just credit scores — and its published paths start at a 500+ FICO. Products differ in credit sensitivity: revenue-based financing is the most accessible, invoice financing leans on your customers' credit, and lines of credit sit in between.
How approval works
Submit the 2-minute form, and a specialist reviews your qualifications and issues a decision within 24 hours — with no hard credit pull at any point in the approval process. You'll see side-by-side offers with transparent terms; nothing proceeds without your say-so.
Qualification FAQ
What do I need to qualify for a small business loan?
Through our funding partner REIL Capital, the core benchmarks are about $250K+ in annual revenue (or roughly $15K monthly), at least 6 months in business, a business bank account, and 3 months of business bank statements. A 500+ FICO opens most products, and large outstanding invoices provide an additional path.
Can I get a business loan with bad credit?
Often, yes. Alternative funders weigh revenue and cash flow more than credit scores. REIL Capital publishes multiple qualification paths — including a 500+ FICO benchmark, revenue-based paths, and invoice-based paths — and checking options involves no hard credit pull, so your score isn't affected.
How many months of bank statements do I need for business funding?
Three months of business bank statements is the standard requirement through REIL Capital. Statements demonstrate revenue consistency and cash flow, which drive both approval and offer size.
What's the minimum revenue for a working capital loan?
About $250K in annual revenue or roughly $15K in monthly business revenue, per REIL Capital's published qualification paths. Falling short on one measure doesn't automatically disqualify you — multiple paths exist.
How does approval actually work?
A specialist reviews your revenue, industry, and cash flow — not just credit scores — and issues a decision within 24 hours. You'll see side-by-side offers with transparent terms before choosing anything.
Find out in minutes — without touching your credit
2-minute form · No hard credit pull · Decisions within 24 hours
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