BANK REFERENCES Your business entity must have a minimum of one bank reference.

BANK REFERENCES

Your business entity must have a minimum of one bank reference.

It would be great if your business bank account was at least two years old, but more importantly to place your business in a good lending position it should have an average daily balance of at least $7,000 for the last three months.

Your business banking reflects how you manage your cash flow.

Funding sources want to know that your cash flow is capable of handling the business debt and expenses on a consistent basis.

Accounts that show NSF returned checks can be deal breakers!

If a funding request amount requires a $2,000 a month payment, funding sources will want to see at least a "Low 5" bank rating.

Your "Bank Rating" is based on your average daily minimum balance over the last 3

months.
Here is how "Bank Rating" works. It is based on your average daily balance over

the past three (3) months, so your rating would be:

Low 4 for $1,000 - $3,999

Mid 4 for $4,000 - $6,999

High 4 for $7,000 - $9,999

Low 5 for $10,000 - $39,999

Mid 5 for $40,000 - $69,999