Business Funding Checklist

Ready to Fund Your Business Dreams?
This checklist is your roadmap to securing the capital you need to grow and scale your business. Follow these steps to ensure your business is funding-ready and unlock opportunities for up to $100K+ in funding in 2025.

Section 1: Business Foundation

Lay a solid groundwork for your business to be seen as legitimate and credible.

  1. ✅ Register Your Business: Ensure your business is officially registered with your state.
  2. ✅ Obtain an EIN: Get your Employer Identification Number (EIN) from the IRS.
  3. ✅ Business Licenses: Acquire any required local or industry-specific licenses.
  4. ✅ Create a Professional Online Presence:
    • Register a business email ([YourBusinessName]@yourdomain.com).
    • Build a simple, professional website (even a one-pager is enough).
    • Secure matching social media handles.

Section 2: Business Financials

Demonstrate that your business is financially stable and well-managed.

  1. ✅ Open a Business Bank Account: Separate personal and business finances.
  2. ✅ Maintain Consistent Revenue: Ensure at least 3 months of steady deposits (minimum $10K/month preferred).
  3. ✅ Prepare Your Financial Documents:
    • Profit & Loss (P&L) statement.
    • Business tax returns (last 2 years).
    • Up-to-date balance sheet.

Section 3: Personal & Business Credit

Ensure your credit profile positions you as a low-risk borrower.

  1. ✅ Personal Credit Health:
    • Check your credit score (target: 680+).
    • Dispute any errors or inaccuracies on your credit report.
  2. ✅ Build Your Business Credit Profile:
    • Obtain a DUNS number.
    • Open net-30 vendor accounts (e.g., Uline, Quill).
    • Pay all invoices on time to establish credit history.

Section 4: Funding Strategy

Be strategic about how you approach lenders and funding opportunities.

  1. ✅ Research Your Options:
    • Choose funding types that align with your business needs (e.g., lines of credit, term loans, business credit cards).
    • Identify lenders that fit your business profile (banks, credit unions, online lenders).
  2. ✅ Prepare Your Application Package:
    • Business plan or executive summary.
    • 90-day growth or project plan.
    • Financial statements and projections.
  3. ✅ Know the Requirements:
    • Minimum time in business (typically 6–12 months).
    • Minimum revenue thresholds (varies by lender).
    • Personal and business credit score requirements.

Section 5: Action Plan for Success

  1. ✅ Organize Your Documents: Keep all documents in a centralized folder (physical or digital).
  2. ✅ Track Your Applications: Use a simple spreadsheet or tracker to monitor the status of each funding request.
  3. ✅ Follow Up: Be proactive with lenders and respond promptly to any requests for additional information.

You’re One Step Closer to Funding Success!

Complete this checklist, and you’ll be fully prepared to apply for and secure $100K+ in funding.

Want to learn advanced strategies and insider tips to expedite the process?
➡️ Join Our Community to unlock the full roadmap to $100K+ funding in 2025.