Keep balances spread within insured limits, have more than one bank relationship, and maintain access to non-bank funding.
Check my optionsFinancial management
Bank failures are rare, but the 2023 collapses of Silicon Valley Bank and Signature Bank showed how quickly a business can lose access to its operating cash. A few precautions limit the risk without much cost.
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.
Your file goes to funders that fit it, so offers can be compared.
You can apply at 500; stronger credit opens more products.
Advances, lines of credit and second-position options in one place.
Net cash, total payback and payment shown before you sign.
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.
Know your coverage. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, for each account ownership category. Business accounts are generally insured separately from the owners personal accounts. Balances above the limit at a single bank are exposed if that bank fails, although regulators have sometimes chosen to protect uninsured deposits in specific cases.
Spread balances that exceed the limit. Businesses holding more than $250,000 can open accounts at a second insured bank, or use deposit-placement services offered by many banks that distribute funds across multiple institutions to extend coverage. Treasury bills or government money market funds held through a brokerage are another option for reserves, with different risks and liquidity.
Keep operations portable. Make sure you can redirect customer payments and payroll quickly. Have a second operating account open and verified, keep updated payment instructions ready to send to customers and know which automatic debits, including funding payments, would need to move. Funders need to be notified if you change the account they debit, so keep that list current.
Maintain access to credit. A line of credit at a second institution provides liquidity if your primary bank freezes temporarily. Revenue-based funders reviewing your file will look at statements from all business accounts, so moving funds between accounts should be labeled clearly.
MFE considers credit from 500 and reviews statements from any business bank, which can help if you need working capital while balances are being moved.
Here is standby working capital a business might arrange as part of a contingency plan. Illustrative numbers.
| Funding for the project | $60,000 |
| Total payback (factor 1.45) | $87,000 |
| Term | ~36 weeks |
| Payment per week | $2,417 |
| Monthly payment the project must cover | $10,464 |
| Your estimate of added monthly profit | $12,000 |
| Verdict | Pays back within the term |
Illustrative. Replace the estimate with your own numbers before applying.
| FDIC limit | $250,000 per depositor, per bank, per category |
| Second bank account | Open and verified |
| Deposit placement service | Extends coverage across banks |
| Payment redirect plan | Customers, payroll, automatic debits |
| Credit at another institution | Liquidity if one bank freezes |
Good fit:
Probably not yet:
Up to $250,000 per depositor, per insured bank, per ownership category.
Generally yes, as different ownership categories.
Use multiple banks or a deposit-placement service.
Notify customers, payroll providers and any funder that debits the account.
It provides liquidity if your primary bank has problems.
Yes, provide statements from all business accounts.
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