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Transparency First

How Business Funding
Actually Works

Quick Answer

TAG Business Funding works in 4 steps: (1) Submit a 1-page application + 6 consecutive months of bank statements; (2) Receive your offer once the funding provider completes review; (3) Review and sign your contract; (4) Receive funds via wire transfer on a timeline the funding provider sets. No tax returns. No collateral. No hard credit pull at application.

Six steps. No surprises. Know exactly what happens from the moment you apply to the moment funds hit your account.

Provider-Set
Application to funded timeline
1 page
Application form
6 consecutive months
Bank statements needed
No hard pull at application
At initial review

Funding Readiness Center

The Process

6 Steps from Application to Funded

The funding provider sets the actual timeline at each stage. Here is exactly what happens, in order.

1

Submit the One-Page Application

Complete a simple one-page application: business name, owner name, phone, estimated monthly revenue, and amount requested. No tax returns. No business plan. No bank login required.

5 minutes to complete
2

Upload 6 consecutive months of Bank Statements

Provide the 6 consecutive months of business bank statements: the full PDF, not screenshots. All revenue should flow through one primary business checking account. Statements must be from a business account, not personal.

This is what gets you approved
3

File Review

Underwriters in our funding network review your file. They evaluate average daily balance, deposit volume, NSF frequency, and existing advance positions. No site visit. No in-person meeting. The funding provider sets the actual decision timeline after reviewing a complete file.

No hard credit pull at this stage
4

Receive Your Offer

You receive a term sheet showing: advance amount, factor rate, total payback amount, and daily or weekly payment. Review it carefully. The factor rate is a multiplier: a 1.30 factor on a $50,000 advance means $65,000 total repayment. There is no prepayment discount unless explicitly stated.

Read before you sign
5

Sign Contract and Provide Voided Check

Sign the merchant agreement electronically. Provide a voided check from the same business bank account used in your statements. This authorizes ACH debits for daily or weekly repayments. Signing is typically done via DocuSign or a similar e-signature platform.

Electronic: no faxing
6

Funds Deposited to Your Account

Funds are deposited via ACH to your business bank account, the same account on your statements. The funding provider sets the actual deposit timeline after contract signing. Repayments begin the next business day.

Same account, provider-set timeline
6 steps, split between what you do and what the funding provider sets A flow diagram of the 6-step process: steps 1, 2, and 5 (application, statements, sign contract) are your steps; steps 3, 4, and 6 (file review, offer, funds deposited) run on a timeline the funding provider sets. Your Steps vs. Provider-Set Steps 1. Apply 2. Statements (your step) 3. File Review (provider-set) 4. Offer (provider-set) 5. Sign (your step) 6. Funded (provider-set) Your step Provider-set timeline

What to Expect

A worker filling in a form on a clipboard
The application itself is usually the fastest part of the process; what actually sets the timeline is how quickly the rest of the paperwork comes together.

Funding Timeline

Here is the general sequence of what happens, and what can slow things down.

Your Step
Application Submitted
Form complete. Bank statements uploaded. File enters review queue.
Provider-Set
Underwriting Review
Statements reviewed for deposits, NSFs, average daily balance, and existing advance payments.
Provider-Set
Offer Delivered
Term sheet issued. Amount, factor rate, payback, and payment schedule presented.
Your Step
Contract Signed
Merchant agreement signed electronically. Voided check provided. Funding authorized.
Provider-Set
Funds Deposited
ACH deposit to business bank account. Repayments begin next business day.
Delays
What Slows Things Down
Missing pages in statements, mixed personal/business deposits, unsigned documents, or holiday bank processing (external underwriting is closed on weekends and federal holidays).

What We Need

A craftsman writing notes on a clipboard at a workbench
The shorter your list of missing documents, the sooner a real review of your file can start.

Required Documents

The shorter your document list, the faster your approval. Here is what every applicant needs, plus what some capital partners ask for on larger advances.

✓ Required to Submit

  • Completed one-page application
  • 6 consecutive months of business bank statements (full PDF, all pages)
  • Business must be the account holder

A voided check from your business checking account is collected later, at contract signing, not required to submit.

◆ Sometimes Requested (Larger Advances)

  • Government-issued photo ID (owner)
  • Business license or DBA filing
  • Most recent 3 months of processing statements (if applicable)
  • Landlord contact or lease copy (some industries)

✗ What We Do NOT Require

  • Tax returns (initial review)
  • Business plan or projections
  • Collateral or personal assets
  • Bank login credentials (never share these)

ℹ Statement Quality Tips

  • Download directly from your bank, no screenshots
  • Include all pages (cover page + transaction detail)
  • Must show account holder name matching the application
  • All 6 months must be the most recent consecutive months available
A $50,000 advance at a 1.30 factor rate becomes a $65,000 total repayment A bar chart showing the $50,000 advance amount and the $15,000 cost of capital added on top, totaling $65,000 in total repayment at a 1.30 factor rate. $50,000 Advance at 1.30 Factor Rate Advance $50,000 Repayment +$15,000

Illustrative Scenarios

The Kinds of Situations MCA Can Fit

These are hypothetical, illustrative scenarios, not real customer stories or a reflection of T.A.G.'s own transaction history, showing the types of business situations where the funding process is designed to help.

Restaurant, Ohio

"Bank said no because our credit score dropped after COVID. But our deposits were $55K a month. That's what got us approved."

For illustration only: a $45,000 advance at a 1.28 factor rate used for kitchen equipment repair and payroll during a slow quarter.
HVAC Contractor, Texas

"Had a big commercial contract coming in but needed equipment to fulfill it. The funding came through faster than a bank ever could. That job paid for the advance three times over."

For illustration only: a $75,000 advance at a 1.22 factor rate used for equipment purchase ahead of a commercial contract.
Auto Repair, Georgia

"I had one existing MCA. Was worried that would kill the deal. It didn't; they looked at my deposit volume and said I could handle the payments."

For illustration only: a $30,000 advance at a 1.35 factor rate used to cover a slow January and pre-purchase parts inventory.

These are hypothetical, illustrative scenarios for educational purposes only, not real customer testimonials, real funded outcomes, or a reflection of T.A.G.'s own transaction history. Individual results vary. All funding is subject to underwriting and approval by capital partners in our funding network.

Common Questions

Application FAQ

Answers to the questions we hear most often before and during the application process.

How long does it take to get funded?
Most applicants receive a decision after submitting bank statements. The funding provider sets the actual decision and deposit timeline after reviewing a complete file.
Is there a hard credit pull when I apply?
No. The initial review does not include a hard credit pull. Underwriters primarily evaluate cash flow from bank statements. A hard credit pull typically occurs later in the process, before final approval, and can affect your credit score by a few points. Minimum accepted FICO is approximately 500.
What documents do I need to apply?
The minimum required to apply: (1) a completed one-page application and (2) the 6 consecutive months of business bank statements (all pages, PDF format). A voided check is collected later, at signing; it is not part of the initial application. Some capital partners may also request photo ID or a business license during underwriting on larger advances.
What is a merchant cash advance factor rate?
A factor rate is a multiplier applied to the advance amount to calculate total repayment. A $50,000 advance at a 1.30 factor rate means you repay $65,000 total: a $15,000 cost. Factor rates typically range from 1.10 for the strongest applicants to 1.50 for higher-risk profiles. Use the MCA Calculator to see exact payment estimates before you apply.
What is the minimum revenue to qualify?
The general minimum is $4,000-$6,000 in monthly gross deposits through a business bank account for at least 6 consecutive months. Higher revenue qualifies for larger advance amounts. Deposits must be consistent; seasonal spikes do not substitute for steady monthly volume.
Can I get funded if I have existing MCAs?
Yes, in some cases. Having 1-2 existing MCA positions is acceptable to many capital partners if your bank account shows adequate deposit volume to support additional payments. Having 3 or more open positions, or if existing payments already consume more than 15-20% of daily deposits, makes approval significantly harder. Run the Fundability Score to see your current position.
Does my industry matter?
Yes. Restaurants, contractors, HVAC, roofing, retail, trucking, dental, and most service businesses qualify. Restricted industries include cannabis, firearms dealers, adult content businesses, and businesses under active government investigation.
What happens if I miss a payment?
MCA repayment is collected via daily or weekly ACH. If the debit fails due to insufficient funds, most capital partners will retry within 1-2 business days. Repeated failures trigger default procedures, which can include confession of judgment in some states. If you anticipate a payment problem, contact your funder immediately, before a missed payment, not after.

Ready to Apply?

You know the process. You know what it costs. You know what they look at.
One page. Six consecutive months of statements. Review begins as soon as your file is complete.

Apply for Funding → Check Your Readiness First

500 FICO OK  ·  No hard credit pull at application  ·  $4,000-$6,000/mo minimum  ·  6 months in business

Ready to Start Your Application?

Takes 2 minutes. Review begins as soon as your file is complete. Funding timing is set by the funding provider after review.

Start Application →Call 330-238-3003
✓ No obligation✓ Soft pull to start✓ Free to apply✓ Bank declines welcome

Initial review uses a soft credit pull only. A hard credit pull typically occurs later, before final approval, and can affect your credit score by a few points.