Requirements matrix
Requirements differ more between products than between funders. This matrix puts documents, credit review, time in business, collateral and exclusions side by side, current as of October 2026.
✓ Checking what you qualify for does not affect your credit score.
Updated October 13, 2026 · Merchant Fund Express
Most requirement pages list one set of rules as if every product used them. They do not. A line of credit is read like a bank product, a revenue-based advance is read from deposits, and equipment financing leans on the equipment itself. Pick the product by the job the money does, then check its column.
The thresholds below are the ones published on our funding requirements page, as of October 2026. Funders can change programs, so the exact line that applies to your file is confirmed before any offer.
| Line | MCA / revenue-based | Line of credit | Term loan | Equipment financing | Invoice factoring |
|---|---|---|---|---|---|
| Time in business | 6+ months | 3+ years | 3+ years | Read with the equipment | Read with the invoices |
| Personal FICO | 600+ (500 to apply) | 650+ | 650+ | Varies by file | Customer credit weighs heavily |
| Revenue read | $60,000 verifiable | $25,000/month or $300,000/year | $25,000/month or $300,000/year | Must carry the payment | Unpaid invoices to business customers |
| Bank activity | $800 min. daily balance; max 5 negatives/NSFs | 8+ deposits/month; avg. balance $5,000 or 10% of monthly revenue | Same as line of credit | Statements reviewed | Statements reviewed |
| Core documents | 3 months statements, application, owner ID | Same, plus more history on larger requests | Same as line of credit | Plus equipment quote or invoice | Plus invoices and aging report |
| Collateral | Purchased receivables; UCC filing common | UCC filing common | UCC filing common; first position only | The equipment itself | The invoices |
| Existing positions | Up to 2 current advances | No more than 2; can sit in second | No more than 2; must be first position | Read case by case | Read case by case |
Thresholds as published October 2026. Equipment and factoring columns describe how those products are generally read; they are not separate published tiers.
Take a business with 20 months in business, a 630 score and $38,000 a month in deposits (illustrative). It misses Tier 1 on time and credit, so the line of credit and term loan columns are out for now. It clears the revenue-based column on every line. Equipment financing remains open if the money buys a machine, because the equipment carries part of the risk.
That one pass tells you where to aim instead of applying for a product your file cannot reach.
All figures in worked examples are illustrations of the arithmetic, not offers or quotes. Real terms depend on your file and the funder.
Every column starts with recent business bank statements as complete PDFs. Read bank statements for a business loan for how to send them, and the document pack for the full checklist by product. Tax returns are not part of a typical first review; full financials are usually requested only above $250,000.
Requirements are gates, not offers. Clearing every line does not set your amount or price; those come from deposit size, balances, existing obligations and the term. Missing one line usually means a different product, not a decline.
Check your own file in a minute with the qualification check, which does not affect your credit, or apply directly.
Revenue-based funding has the lowest time and credit floors on our sheet: 6 months and a 600 FICO, with 500 considered. It is also usually the most expensive, so check whether you clear Tier 1 first.
Most business financing includes a UCC filing. Equipment financing is secured by the equipment and factoring by the invoices. Read the agreement for a personal guarantee as well.
No. These are the thresholds published on our site as of October 2026. Other funders use their own, and programs change.
Not for a typical first review. Full financials are usually requested only for requests above $250,000.
Yes, within limits: up to 2 current advances on the revenue-based tier, and no more than 2 positions for Tier 1 products.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
