Often yes. Past late payments matter less when current deposits are steady; open bankruptcies or recent defaults limit options more. Show three clean months of statements.
Check my optionsCredit
A damaged payment history changes which funders will look at you and what they will offer, but it does not end your options. What matters most is how recent the problems are and what your bank statements show now.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Approved files are usually funded the next business day.
A person reviews your revenue, time in business and bank activity, often within hours.
Advances, lines of credit and second-position options in one place.
Your file goes to funders that fit it, so offers can be compared.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Underwriters separate old damage from current risk. Late payments or a charge-off from two years ago, followed by clean months, weigh far less than a missed payment last month. For revenue-based funding, the current bank picture carries the most weight: steady deposits, positive daily balances and no returned payments over the last three to six months.
The hardest issues are recent defaults on another business advance or loan, open judgments and unresolved tax liens, because they suggest the next funder could be next in line. If you have any of these, say so and bring whatever shows progress: a payment plan with the IRS, a settlement letter or proof the old balance was paid. A clear explanation often turns an automatic no into a manual review.
Expect the first offer after a rough patch to be smaller and shorter. That is the funder testing the relationship. Paying it on schedule, keeping balances positive and avoiding new debts creates the record that earns larger amounts, lower costs and longer terms on renewal. MFE reviews owners with credit from 500, and better credit earns better offers over time.
A first offer after a credit setback is often modest, like this one. Illustrative numbers.
| 500–549 | Revenue-based funding; strongest deposits needed |
| 550–599 | Revenue-based funding and renewals |
| 600–649 | More funders compete; better terms |
| 650+ | Lines of credit and term loans open up |
Minimum to apply is 500. Deposits, balances and time in business still carry the most weight.
| Old late payments, now current | Minor impact |
| Recent missed payments | Significant impact |
| Prior advance default | Major; needs explanation |
| Open tax lien | Often needs payment plan proof |
| Bankruptcy discharged | Depends on time since discharge |
Good fit:
Probably not yet:
Credit reports show several years, but recent months matter most, especially the last three to six of bank statements.
It is harder. Some funders consider it with proof of settlement or payment and strong current deposits.
Not always. A documented payment plan in good standing can make a difference.
Often yes. Paying it on time is the fastest way to qualify for more.
Yes. A short, factual explanation with documents helps underwriters review your file fairly.
Personal credit from the old business may appear, but funders focus on the new business deposits and any unresolved obligations.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding