Product Guide: The 18 Funding Products

What it is: a funder buys a share of the business's future sales at a discount and collects it back through fixed daily or weekly debits or a percentage of sales (the holdback). It is not a loan. Never call it one.

Who it fits: businesses with steady deposits that need money quickly and may not qualify at a bank, such as restaurants, retail shops, trucking companies, salons, contractors and auto repair shops.

Narqix screening minimums:

• 4 or more months in business
• USD 10K or more in average monthly deposits
• No minimum credit score

Questions on the intake: amount needed, estimated credit score, time in business, average monthly bank deposits, number of open cash advances, documents ready, and how soon they need it.

Documents needed: signed application, last 4 months of business bank statements plus month-to-date, driver's license front and back, voided business check or bank letter. Card-heavy businesses: card processing statements.

Red flags:

• Under 4 months in business
• Monthly deposits under USD 10K
• 3 or more open advances (stacking risk; consider whether MCA Bailout is the honest conversation)
• Many NSFs or negative days in the last 90 days
• Merchant says "none" to open advances but statements show funder debits

What it is: a program for a business that is struggling under one or more cash advances. A new funding source either pays off existing advances or takes over the payments and spreads repayment over a longer period, so the weekly payment may drop. The total cost can go up. The merchant must see both numbers before deciding.

Who it fits: businesses with real revenue that are being squeezed by stacked advance payments.

Narqix screening minimums:

• At least 1 active advance
• 6 or more months in business
• USD 15K or more in monthly revenue

Questions on the intake: roughly how much they owe across all advances, estimated credit score, number of advances being paid, combined weekly advance payments, average monthly revenue, documents ready, and timing.

Documents needed: everything in the MCA list, plus every current advance contract, payoff letters or balance statements for each one, and a position list (funder, payment, frequency, start date, balance).

Red flags:

• Monthly revenue under USD 15K
• Merchant is already in default or has stopped payments (escalate to a founder the same day)
• Merchant cannot or will not list every advance
• Merchant expects a specific payment cut ("you will halve my payments"); never confirm any number

What it is: a short-term loan for day-to-day costs such as payroll, inventory, rent and supplies. Approval leans on revenue and cash flow more than on credit.

Who it fits: established small businesses with steady revenue that need flexible funds for operations.

Narqix screening minimums:

• 6 or more months in business preferred
• Revenue-based, not credit-based

Questions on the intake: amount needed, estimated credit score, time in business, average monthly revenue, existing business debt, documents ready, and timing.

Documents needed: signed application, 4 months of business bank statements plus month-to-date, driver's license, voided business check. Larger requests may need a tax return or a year-to-date profit and loss statement.

Red flags:

• Under 6 months in business
• Existing business debt of USD 250K or more compared to modest revenue
• Revenue falling month over month

What it is: funding repaid as a share of revenue, so payments rise in strong months and fall in slow months.

Who it fits: businesses with real but uneven revenue, such as e-commerce, subscription businesses and seasonal companies.

Narqix screening minimums:

• 6 or more months of revenue history

Questions on the intake: amount needed, estimated credit score, average monthly revenue, revenue trend over 6 months (growing, steady, seasonal, declining), negative or NSF days in a typical month, documents ready, and timing.

Documents needed: 6 months of business bank statements, driver's license, voided business check. Online sellers may also need platform sales reports.

Red flags:

• 4 or more NSF days a month
• Revenue declining
• Revenue that arrives in a few large round deposits rather than many sales

What it is: the business sells its unpaid invoices to a factoring company and receives most of the invoice value now. The factor collects from the business's customer later.

Who it fits: businesses that invoice other businesses or government agencies and wait 30 to 90 days to be paid, such as staffing firms, trucking, distributors and manufacturers.

Narqix screening minimums:

• Invoices to businesses (B2B) or government (B2G)
• Creditworthy customers on 30 to 90 day terms

Questions on the intake: amount to advance, estimated credit score, who they invoice (businesses, government, both, consumers), usual payment terms, monthly invoice volume, documents ready, and timing.

Documents needed: accounts receivable aging report, sample invoices, 3 months of business bank statements, customer list with balances, driver's license. The processor may also need proof of delivery and any existing lien filings.

Red flags:

• Consumer invoices (these usually cannot be factored)
• Terms over 90 days
• One customer is most of the receivables
• Disputed invoices or an existing lender already holding a lien on receivables

What it is: funding to pay a supplier so the business can fill a large confirmed order it could not otherwise afford. The funder is repaid when the buyer pays.

Who it fits: product businesses (not service businesses) with a confirmed order from a creditworthy business, retail chain or government buyer.

Narqix screening minimums:

• Product-based B2B or B2G orders only
• 15% or higher gross margin recommended
• 6 or more months in business

Questions on the intake: purchase order value, estimated credit score, who placed the order, gross margin on the order, where the supplier is (US, overseas, both), documents ready, and timing.

Documents needed: copy of the purchase order, supplier quote or invoice, 3 months of business bank statements, accounts receivable aging report, driver's license, articles of incorporation or EIN letter.

Red flags:

• Gross margin under 15%
• Service work rather than physical goods
• No signed purchase order yet ("the order is coming")
• Delivery date the supplier cannot meet

What it is: a lump sum repaid with fixed payments over a set period.

Who it fits: established, profitable businesses with a clear purpose: expansion, equipment, refinancing debt, hiring or working capital.

Narqix screening minimums:

• 1 or more years in business (2 or more for the strongest programs)
• USD 100K or more in annual revenue
• 650 or higher credit (680 or higher for the strongest terms)

Questions on the intake: amount needed, estimated credit score, time in business, annual revenue, loan purpose, documents ready, and timing.

Documents needed: 6 months of business bank statements, 2 years of business tax returns, 2 years of personal tax returns, year-to-date profit and loss statement and balance sheet, business debt schedule, driver's license, voided business check.

Red flags:

• Under 1 year in business
• Annual revenue under USD 100K
• Credit possibly below 650
• Tax returns show losses that do not match strong bank deposits (ask, do not assume)

What it is: a revolving credit limit. The business draws what it needs, repays, and can draw again.

Who it fits: businesses with recurring needs: cash-flow gaps, inventory cycles, payroll timing, seasonal swings or a safety net.

Narqix screening minimums:

• 6 or more months in business
• 680 or higher credit preferred

Questions on the intake: credit limit wanted, estimated credit score, time in business, average monthly revenue, main use, documents ready, and timing.

Documents needed: 4 months of business bank statements, driver's license, voided business check, business license or EIN letter.

Red flags:

• Under 6 months in business
• Credit possibly below 680
• High balances on existing revolving credit

What it is: financing to buy new, used or refurbished equipment. The equipment itself is the collateral.

Who it fits: construction, trucking, medical, manufacturing, restaurant and technology businesses buying a specific machine, vehicle or system.

Narqix screening minimums:

• 6 or more months in business (startups considered for smaller amounts)
• 600 or higher credit, with higher scores needed for larger amounts

Questions on the intake: equipment cost, estimated credit score, new, used or refurbished, equipment type, time in business, documents ready, and timing.

Documents needed: equipment quote or invoice (make, model, year, and serial number if used), 3 months of business bank statements, 1 to 2 years of business tax returns, driver's license, voided business check, equipment specs or brochure.

Red flags:

• Credit below 580
• Private-party sale with no clear title
• Very old used equipment
• Quote from a seller who is related to the merchant

What it is: help applying for business credit cards that carry a promotional 0% introductory rate. Approval depends on the owner's personal credit.

Who it fits: owners with strong personal credit, including startups and pre-revenue businesses, who understand how cards work and have a plan to pay the balance before the promotion ends.

Narqix screening minimums:

• 680 or higher credit (720 or higher recommended)
• No recent bankruptcies, foreclosures or collections
• Startups and pre-revenue businesses are welcome

Questions on the intake: total credit wanted, estimated credit score, annual personal income, hard inquiries in the last 6 months, any bankruptcies, foreclosures or collections, documents ready, and timing.

Documents needed: driver's license front and back, last 3 months of personal bank statements, proof of business (EIN letter or articles), personal credit report authorization. The company also collects a signed acknowledgment of how cards work (see below).

Red flags:

• Credit likely below 680 (suggest Credit Repair first)
• Negative items on credit
• 6 or more hard inquiries in 6 months
• Owner wants to use cards to pay off other expensive debt with no repayment plan

What it is: a bank loan partly guaranteed by the US Small Business Administration. It is often the lowest-cost, longest-term option, and also the slowest and most document-heavy.

Who it fits: established, for-profit US businesses with reasonable credit, documented ability to repay, and patience for a long process. Uses include working capital, equipment, buying a business, real estate, refinancing and expansion.

Narqix screening minimums:

• Established, for-profit US business
• Reasonable credit and the ability to document repayment

Questions on the intake: amount needed, estimated credit score, time in business, purpose, net profit last full year, documents ready, whether any owner has delinquent federal debt, a recent bankruptcy or pending criminal charges, and timing.

Documents needed: SBA forms for the borrower and each owner, personal financial statements, 3 years of business and personal tax returns, year-to-date profit and loss statement and balance sheet, 3 months of business bank statements, business debt schedule, business plan or loan purpose narrative, ID and resume for each owner.

Red flags:

• Delinquent federal debt, a recent bankruptcy or pending criminal charges (possible eligibility issue)
• Last full year at a loss
• Owners who may not meet the program's citizenship or residency rules
• Merchant needs the money in days

What it is: a service that reviews a person's credit reports and disputes items that are inaccurate, outdated or cannot be verified. It is a route to become fund-ready later.

Who it fits: owners declined because of credit, or owners who want better options in the future.

Narqix screening minimums:

• Anyone with errors, outdated items or items that cannot be verified
• Results vary and no score increase is guaranteed

Questions on the intake: main goal, current credit score, what is hurting the score most, roughly how many negative items, any bankruptcy and whether it is still open, documents ready, and timing.

Documents needed: credit reports from all 3 bureaus, government-issued ID, proof of address, proof of Social Security number.

Red flags:

• Owner expects accurate negative items to be removed
• Owner expects a specific score by a specific date
• Open bankruptcy

What it is: financing to buy an existing business, often combining an SBA loan, a seller note (the seller lets the buyer pay part of the price over time) and the buyer's own cash.

Who it fits: buyers with a signed letter of intent, real cash to invest, and industry experience, buying a business that has been profitable for 2 or more years.

Narqix screening minimums:

• Signed letter of intent (LOI)
• 10% to 30% buyer equity
• 680 or higher credit (700 or higher preferred for SBA)
• Target business profitable for 2 or more years

Questions on the intake: financing needed, estimated credit score, deal stage (LOI signed, negotiating, searching), target business annual revenue, cash the buyer can put in, documents ready, and timing.

Documents needed: signed LOI, the target's 3 years of tax returns and profit and loss statements, the target's current balance sheet, buyer's personal financial statement, buyer's 2 years of tax returns and 3 months of bank statements, purchase agreement, buyer's resume or industry experience.

Red flags:

• No signed LOI yet
• Equity injection under 10%
• Credit possibly below 680
• Target business not profitable

What it is: short-term financing for an investor to buy a house, renovate it and sell it. Rehab money is usually released in draws as work is completed.

Who it fits: real estate investors buying 1 to 4 unit residential properties with a clear budget and exit.

Narqix screening minimums:

• 640 or higher credit
• 1 to 4 unit residential
• Funds for down payment and reserves

Questions on the intake: total loan needed, estimated credit score, flips completed in the last 3 years, deal stage (under contract, making offers, looking), rehab size (light cosmetic, moderate, full gut), documents ready, and timing.

Documents needed: purchase agreement, scope of work and rehab budget, property photos, contractor bids, comparable sales, 3 months of bank statements and proof of funds, real estate experience summary, entity documents if an LLC.

Red flags:

• Credit below 620 (640 is the minimum)
• No funds for down payment, closing costs or reserves
• Rehab budget with no line items
• Investor plans to live in the property (that is not an investment loan; escalate)

What it is: a rental property loan that qualifies on the property's rent instead of the borrower's personal income. DSCR means debt service coverage ratio: monthly rent divided by the monthly payment (principal, interest, taxes, insurance and any association dues).

Example: rent of USD 2,400 and a monthly payment of USD 2,000 gives a DSCR of 1.20. The rent covers the payment with 20% to spare.

Who it fits: investors buying or refinancing 1 to 8 unit residential rental properties, including short-term rentals.

Narqix screening minimums:

• 640 or higher credit (680 or higher for the strongest programs)
• 1 to 8 unit residential investment property only
• DSCR of 1.0 or higher (no-ratio options exist)

Questions on the intake: amount to borrow, estimated credit score, purchase or refinance, property type, whether the rent covers the payment, documents ready, and timing.

Documents needed: signed leases or rent roll, 12 months of rent history, market rent analysis if vacant, property insurance declaration, purchase agreement if buying, 2 months of bank statements, entity documents if an LLC.

Red flags:

• Credit below 620 (640 is the minimum)
• Rent below the payment (only no-ratio options)
• Borrower will live in the property (not a DSCR loan; escalate)

What it is: home loans for a primary residence, second home or investment property, including purchases, refinances, cash-out refinances and home equity lines.

Who it fits: people with stable income history and credit that meets program rules.

Narqix screening minimums:

• 580 or higher for government-backed programs, 620 or higher for conventional
• Debt-to-income usually 43% to 50%
• Stable 2-year employment history

Questions on the intake: amount to borrow, estimated credit score, purpose, occupancy, how they earn income, documents ready, and timing.

Documents needed: government-issued ID, 2 years of W-2s or 1099s, 2 years of tax returns, 30 days of pay stubs, 3 months of bank statements, purchase contract or current mortgage statement.

Red flags:

• Credit below 580
• Recent job change with no history in the same field

What it is: loans to buy, refinance or pull equity from commercial property: multifamily (5 or more units), office, retail, industrial, warehouse and mixed-use.

Who it fits: experienced investors and owner-operators with income-producing commercial property.

Narqix screening minimums:

• USD 500K minimum loan (smaller requests may fit MCA, Term Loans or Equipment Lending instead)
• DSCR of 1.20 or higher, typically
• 650 or higher credit
• 20% to 35% equity or down payment

Questions on the intake: amount to borrow, estimated credit score, property type, purpose (purchase, refinance, cash-out, bridge or value-add), commercial deals done before, documents ready, and timing.

Documents needed: rent roll, 3 years of property operating statements, personal financial statement, 3 years of personal tax returns, schedule of real estate owned, purchase agreement if buying, entity documents.

Red flags:

• No commercial real estate experience
• Credit possibly below 650
• Request for a second or third lien behind an existing loan (Narqix does not place gap loans)

What it is: financing from land to finished building. Money is released in draws as construction stages are completed, and an interest reserve is often built in.

Who it fits: builders and developers with completed projects behind them, approved plans and a licensed general contractor.

Narqix screening minimums:

• Prior construction experience (first-time builders with a strong general contractor may be considered)
• 680 or higher credit
• Net worth at least equal to the loan amount (varies by program)

Questions on the intake: total loan needed, estimated credit score, project type, land status (owned free and clear, owned with a loan, under contract, not yet), completed construction projects, documents ready, and timing.

Documents needed: architectural plans, detailed construction budget and draw schedule, general contractor agreement and license, proof of land ownership or purchase contract, building permits or permit status, personal financial statement, schedule of real estate owned, entity documents.

Red flags:

• No construction experience and no strong general contractor
• Credit possibly below 680
• No permits and no clear permit timeline
• Budget with no contingency