What Do I Actually Need to Apply for Business Funding?
Most business owners picture a stack of paperwork. Tax returns, financial statements, business plans, collateral documents. With revenue-based financing, the reality is much simpler.
The Short List
Here’s everything you need to apply with Wise Advances:
- ✅ Last 3 months of business bank statements (PDF format)
- ✅ Basic business information — legal name, address, time in business
- ✅ Owner information — name, contact details, ownership percentage
- ✅ Approximate monthly revenue
That’s it. The application takes about 5 minutes.
What You Do NOT Need
- ❌ Tax returns
- ❌ Profit & loss statements
- ❌ Business plan
- ❌ Collateral
- ❌ Years of financial history
Tips for a Smooth Application
Bank Statements
- Download official PDF statements — not just transaction exports
- Include every page of each statement
- Make sure the business name on the account matches your application
- Submit business account statements, not personal
Business Information
- Use your legal business name exactly as it appears on your bank account
- Have your EIN ready (or SSN if sole proprietor)
- Know your approximate monthly deposit total — even a rough number is fine at this stage
What Happens After You Apply
- An underwriter reviews your bank statements — typically within 2–4 hours
- Your capital advisor reaches out with a real offer
- You review the terms — no obligation to accept
- If you move forward, funds arrive in 24–48 hours
Ready When You Are
Pull your last 3 months of bank statements. That’s the only prep you need. Everything else takes 5 minutes.