Funding situations
A single account for both makes revenue hard to read. Separating it, even for a few months, makes the file much clearer.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, here is the short answer: Commingled accounts make revenue hard to read. Open a dedicated business account and run both side by side for a few months.
Funders cannot separate business revenue from personal income, transfers or loan proceeds. Everything in the account looks like deposits, and everything out looks like spending. The result is an inflated or uncertain read, and a smaller offer.
| Item | Treatment |
|---|---|
| Transfers from savings | Not revenue |
| Personal paychecks | Not revenue |
| Loan proceeds | Not revenue |
| Customer payments | Revenue |
See funding with a new business bank account and multiple bank accounts.
A freelancer runs everything through one account and is offered less than she asked for because personal transfers are backed out. She opens a business account, routes client payments there and sends both statements for the transition. Three months later she is offered nearly the full amount. The money she earned was the same.
Source: Merchant Fund Express.
Sometimes, with explanation. A separate account reads far more cleanly. Source: Merchant Fund Express.
A dedicated business account is still best practice.
Two to three months of history is typically enough to start.
Yes, if you provide both.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
