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Situations

Funding situations: twelve things that change how a file is read.

Each page explains how the situation is read, what helps, what hurts and a sensible plan, with the arithmetic.

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12Situations

500+Scores considered

DepositsCarry the file

CADExamples in

Choose your situation

500 credit scoreA score near 500 narrows the options but does not close the door on a deposit-based review 550 credit scoreAround 550, the score is a small part of the story and the business account is the larger 600 credit scoreA score of 600 or higher opens more options and better offers, which is why it is a sensib NSFs on your statementsNon-sufficient-funds items on a statement are a flag funders read closely, and a few can b Negative or low-balance daysDays when the balance falls below a threshold show how thin the cushion is between deposit Three months in businessA business a few months old is reviewed on what it has done, which is limited but can be e Six months in businessSix months of history gives a funder a real pattern to read, even if it is shorter than th Sole proprietorsYou do not need a corporation to be funded; you need a business account that shows the dep CorporationsIncorporated businesses have a clear legal entity and usually cleaner paperwork.Business number requirementsA business number, such as the CRA business number, identifies your business for taxes and Bank statement requirementsBank statements are the main document in a deposit-based review, so how they look matters.No collateralThese products are not secured by real estate or equipment, which is why they are fast and

Common questions

Is every situation fundable?

Many are, with the right structure and sizing. The pages explain what helps.

Where do I start?

Send recent statements and a clear purpose. We read the file and say what fits.

Keep reading

Canada funding hubMerchant cash advance and revenue-based funding for Canadian businesses Funding requirementsTypical starting points for Canadian files Funding use casesPayroll, inventory, expansion and more

Educational information only. It is not legal, tax or accounting advice.

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