Revenue-based financing

Revenue-based financing documents: the short list, and why each matters.

Most decisions are made from a signed application and recent bank statements. These are the items, and the extras that answer questions before they are asked.

Apply Now Do I Qualify?

✓ Checking what you qualify for does not affect your credit score.

What documents do you need for revenue-based financing?

Short answer: Two documents answer most questions: a signed application with the business name, structure, owner details, business number and request, and the last four months of complete, unedited bank statements for every account the business uses for revenue. Larger requests or platform-heavy businesses may also be asked for payout reports.

Key facts

Signed application with business number
Four months of statements, every account
Platform payout reports for online sellers
Payoff letters for any existing advance

The core two

Signed applicationBusiness name and legal structure, owner details, business number, address, industry and how much you are asking for.

Business bank statementsTypically the last four months, complete and unedited, for every account the business uses for revenue.

These two documents answer most questions. The statements show revenue, its consistency, fixed costs, existing obligations and how the account is managed. The application ties the statements to a real, registered business and its owner.

Extras that speed things up

A short note explaining any unusual deposit or one-time expense in the statements.
The agreement and current balance for any existing advance or loan.
For seasonal businesses, statements from the matching months of last year.
For recurring-revenue businesses, a one-page summary of subscribers or retainers.
For a specific purchase, the quote or invoice.

What is not usually needed

For most revenue-based files, you do not need a business plan, projections, tax returns or appraisals. Larger requests may ask for more, such as year-end financial statements or recent tax filings. If additional documents are needed, you are told what and why.

Common document problems

Statements that are partial, cropped or missing pages.
Statements from a personal account when revenue goes to a business account.
A business name on the application that does not match the bank account.
Large transfers between accounts with no explanation.

Where Canadian files usually start

Monthly revenueTypically from around $20,000 a month in deposits for Canadian files. The exact line varies by funder and by file.

Time in businessTypically about 12 months. Newer businesses can be reviewed, but the options narrow.

Account healthLimited low-balance or negative days. Funders read the last few months of bank statements for this.

CreditScores from 500 are considered. A score of 600 or higher opens more options and better offers.

DocumentsA signed application and recent business bank statements, typically the last four months.

Existing advancesFiles with an existing advance can be reviewed, including second position.

Next step: apply once with a signed application and your last four months of business bank statements. The file is read for rBF documents checklist and matched to the structure that fits, whether that is revenue-based financing, a merchant cash advance or a smaller first advance that builds history. Questions first? Call (305) 384-8391.

Sources and review

Reviewed by the Merchant Fund Express team on October 12, 2026. Official pages checked as of that date.

Common questions

Do the statements need to be from the bank directly?

PDF statements downloaded from online banking are standard. Do not edit or combine them.

Do you need my tax returns?

Not for most files. Larger requests may ask for them.

How recent do the statements need to be?

The most recent complete months, typically the last four.