Revenue-based: ~6 months, steady deposits, 500+ credit, business bank account. Banks/SBA: 2 years, stronger credit, tax returns, collateral.
Check my optionsRequirements
Small business loan requirements are broadly similar nationwide because they follow federal SBA rules and common lender practices, but state laws on licensing and disclosures, and local programs, add differences worth knowing.
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.
A human reads the file, not just an algorithm score.
Existing balances of $100,000 or less can be bought out.
A person reviews your revenue, time in business and bank activity, often within hours.
You can apply at 500; stronger credit opens more products.
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.
The national baseline is consistent. Nearly every lender verifies owner identity, the business legal existence and EIN, and reviews bank statements. Banks and SBA lenders add tax returns, financial statements, debt schedules and, for SBA loans, eligibility criteria such as SBA size standards and a for-profit U.S. business. Revenue-based funders focus on several months of deposits and consider credit from 500.
State rules vary. Several states, including California, New York, Utah, Virginia, Florida, Georgia and Texas, have adopted commercial financing disclosure or registration requirements, which affect what providers must show you before signing. Some states require licenses for certain commercial lenders or brokers. These rules change how offers are presented more than whether you qualify.
Local programs add options. States and cities run small business loan funds, guarantee programs and economic development incentives, often targeted at specific industries, rural areas or underserved owners. Small Business Development Centers in every state help owners understand and prepare for these programs.
Industry can matter more than geography. Some funders restrict certain industries or apply tighter criteria to them nationwide; others specialize in sectors such as trucking, construction or restaurants. Comparing multiple funders improves the odds of finding one whose criteria fit your business.
MFE reaches funders serving businesses across the U.S. with one application, presenting offers in a comparable format.
Requirements for specific programs can add steps. SBA loans require SBA forms and eligibility checks; some state programs require location in a designated area or a certain number of employees. Reading program guidelines before applying avoids wasted time.
Finally, requirements change over time. Lenders adjust criteria with economic conditions, so a business that was declined last year may qualify now, and vice versa. Rechecking periodically is worthwhile.
Here is a typical nationwide revenue-based offer. Illustrative numbers.
| Business bank statements | 3–6 months, PDF from the bank |
| Month-to-date activity | Recent transactions |
| Government ID | Owner(s) with 50%+ |
| Voided business check | For funding and payments |
| Existing advance details | Balance and payment of each |
| Business details | EIN, address, start date |
Complete files get faster decisions and larger offers.
| Federal baseline | ID, EIN, statements; SBA eligibility |
| Bank / SBA additions | Returns, financials, debt schedule |
| State rules | Disclosure, registration, licensing |
| Local programs | Loan funds, guarantees, incentives |
| Industry criteria | Restrictions or specialization by funder |
Good fit:
Probably not yet:
The core is similar; state disclosure, licensing and local programs differ.
ID, business information, EIN and bank statements; banks add returns and financials.
Several, including California, New York, Utah, Virginia, Florida, Georgia and Texas.
Yes, some funders restrict or specialize by industry.
Your state Small Business Development Center.
Options begin at 500.
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