Your Business Needs To Make Itself “Fundable” For Lenders
Fund • a • bil • i • ty [ adj. Fuhnd-uh-bil-i-tee ] You won’t find “Fundability” on Dictionary.com, so don’t bother looking. Fundability is a phrase we’ve coined to describe how a business measures up in relation to the entire business lending and investing community. How fundable is your business?
Fundability is not just about your business credit. It includes several components that determine how your overall business is seen by lenders, investors, insurers, suppliers, and more. Basically, we know that your business was worth the risk for you, but is it worth the risk for them? The answer will increasingly be “yes” as your fundability grows.
*** Special Note ***
Don’t worry if all your revenue answers are $0, or if your business is just starting. You will still be able to build business credit. These questions are just to let us know the current status of your business so we can quickly determine what funding programs might be available to you.
Is there a bank account in the business name?
Is your business a home based business?
Month and year business was started
(Date the business bank account was opened)
Major industry focus for your business
Average gross monthly revenue
(Actual, not projected)
How much of that is from Visa/MC sales?