Latino-owned businesses can get working capital fastest through revenue-based funding, which approves on your business bank-deposit history and monthly revenue rather than credit score alone. Through our marketplace, most owners with at least a few months of steady deposits can qualify for roughly $10,000 or more, often with FICO around 500 and up, and funding in as little as 24 to 48 hours. This matters because many strong Latino-owned firms — profitable, busy, but with thin credit files, an ITIN instead of an SSN, or a short time in business — get turned away by banks that only read a credit report. Revenue-based funders read the money that actually moves through your account.
Key takeaways
- Approval leans on business bank deposits and monthly revenue more than credit score
- Funding typically starts around $10,000 and scales with your revenue
- Many funders accept FICO around 500 and up
- Many revenue-based funders consider ITIN and no-SSN owners — requirements vary, never guaranteed
- Funding can arrive in as little as 24 to 48 hours with a clean application
- Usual minimums: about 3-6 months in business and 3-6 months of bank statements
- One marketplace application is matched to multiple funders, including some that work with ITIN owners
Why revenue-based funding fits Latino-owned businesses
A large share of Latino entrepreneurs run cash-strong, credit-thin businesses. You may run most sales through cards and deposits, reinvest profits instead of building a long personal credit history, or have opened the business only a year or two ago. Traditional bank underwriting punishes all three, even when the business is healthy.
Revenue-based funding flips the priority. The funder looks first at your business checking account: how much comes in each month, how consistent it is, how many days carry a positive balance, and whether deposits are growing. A 520 FICO paired with $40,000 in steady monthly deposits will often beat a 700 FICO with erratic, thin revenue. That is the core reason this product opens doors that banks keep closed for Latino-owned firms.
Common uses we see: buying inventory ahead of a busy season, covering payroll during slow-pay stretches, taking on a larger contract that needs materials up front, opening a second location, or replacing equipment that broke mid-job.
ITIN and no-SSN owners: what is actually true
Here is the honest picture, with no legal or immigration advice. Many revenue-based funders in our marketplace will consider applications from owners who use an ITIN instead of a Social Security number, because their decision leans on business bank deposits rather than a personal SSN-based credit pull. Requirements vary by funder — some accept an ITIN outright, some ask for additional identity or business documents, and some still require an SSN. There is no single rule across the industry, and no funder can guarantee approval.
What consistently helps an ITIN or no-SSN application: a business bank account in the company's name, several months of clean statements, a registered business entity (LLC, corporation, or a documented sole proprietorship), and matching business identification such as an EIN. The stronger and more consistent your deposits, the less the missing SSN weighs on the decision.
We do not provide legal or immigration advice, and nothing here is a promise of funding. Documentation rules change and differ by funder — the practical move is to apply, share your bank statements, and let the marketplace match you to funders that work with your situation.
Apply with Merchant Fund Express in 60 seconds. Decisions in 2–4 hours.
What lenders actually look at
Revenue-based underwriting is more predictable than bank lending once you know the inputs. The table below shows the typical factors and roughly how each is weighted — for example only, since every funder scores differently.
| Factor | What they check | Rough weight (for example) |
|---|---|---|
| Monthly deposits | Total revenue flowing through the business account | Heavy |
| Deposit consistency | Steady month-to-month vs. big swings | Heavy |
| Negative days / NSFs | Days below zero, bounced payments | Moderate |
| Time in business | Usually 3-6 months minimum | Moderate |
| Credit score (FICO) | Often 500+ accepted | Light to moderate |
| Existing advances | How many positions are already open | Moderate |
Notice that two of the three heaviest factors are about your bank account, not your credit report. That is why owners who bank cleanly tend to do well here even with modest FICO.
How much you can get and what it typically costs
Funding amounts scale with your revenue. A common rule of thumb is that an offer lands somewhere near a portion of your average monthly deposits, though funders vary widely. The example below is illustrative only — real offers depend on your full profile and are never guaranteed.
| Avg. monthly deposits (for example) | Example funding range | Example term |
|---|---|---|
| $15,000 | $10,000 - $15,000 | 4 - 9 months |
| $40,000 | $25,000 - $45,000 | 6 - 12 months |
| $80,000 | $50,000 - $90,000 | 6 - 15 months |
| $150,000+ | $100,000+ | 9 - 18 months |
Revenue-based funding is priced with a factor rate or fixed fee rather than a traditional APR, and repayment is usually a small daily or weekly amount pulled automatically from your account. It is faster and more accessible than a bank loan, but the cost of capital is higher — so it fits growth, inventory, and time-sensitive opportunities better than long-term low-margin borrowing. Always read the total payback amount before you sign.
Documents to have ready
A clean application moves faster. Before you apply, gather:
Almost always required: three to six months of business bank statements, a one-page application, and your business identification (EIN, and SSN or ITIN depending on the funder).
Sometimes requested: a voided business check, proof of business ownership or entity registration, a government-issued ID, and — for larger amounts — recent tax returns or a profit-and-loss statement.
The single most useful thing you can do is keep business income in a business account. Mixing personal and business money through one account makes deposits hard to read and can shrink or slow an offer. If you run cash-heavy, depositing that cash regularly builds the deposit record funders reward.
Building a stronger application over time
If your first offer is smaller than you hoped, the fixes are concrete. Keep deposits flowing through the business account so your monthly revenue reads clearly. Avoid negative-balance days and bounced payments in the weeks before you apply — funders weigh recent behavior heavily. Do not stack multiple advances at once; too many open positions is one of the most common reasons a strong file gets a weak offer. And give the business a little more time in operation if you are near the minimum, since each additional month of clean statements strengthens the picture.
Owners often start with a modest first advance, repay it cleanly, and come back to renewals or larger offers at better terms. Treat the first round as a track record you are building, not just a one-time transaction.
How to apply through our marketplace
Instead of applying to one funder and hoping, our marketplace sends your profile to multiple revenue-based funders and matches you to the ones that fit your revenue, time in business, credit, and ID situation — including funders that work with ITIN and no-SSN owners. One application, several potential offers, and no obligation to accept.
The typical flow: complete a short application, connect or upload three to six months of bank statements, receive offers (often within a day when your file is clean), compare the total payback and term, and choose the one that fits — or walk away. Approval is never guaranteed, but matching to the right funders is what gives a credit-thin, cash-strong Latino-owned business its best real shot at fast working capital.
Frequently asked questions
Can I get working capital with an ITIN instead of an SSN?
Often, yes. Many revenue-based funders in our marketplace consider ITIN applicants because their decision leans on your business bank deposits rather than an SSN-based credit pull. Requirements vary by funder — some accept an ITIN outright, others ask for extra documents, and some still require an SSN. Approval is never guaranteed, and this is not legal or immigration advice. The practical step is to apply and let the marketplace match you to funders that work with your situation.
What credit score do I need?
Many revenue-based funders accept FICO around 500 and up. Credit is only part of the picture — steady, healthy bank deposits often matter more. A modest score paired with strong, consistent monthly revenue frequently earns a solid offer.
How much working capital can I qualify for?
Amounts start around $10,000 and scale with your revenue. As a rough example, a business with $40,000 in average monthly deposits might see offers in the $25,000 to $45,000 range. Your actual offer depends on your full profile and is never guaranteed.
How fast is funding?
With clean bank statements and a complete application, offers often come within a day and funding can arrive in as little as 24 to 48 hours. Missing documents or messy account activity are the most common causes of delay.
Do I need to have been in business a long time?
Usually not. Most revenue-based funders look for a minimum of about three to six months in business. What matters more is that your business bank account shows steady deposits over recent months.
What documents do I need to apply?
At minimum, three to six months of business bank statements, a short application, and business identification such as an EIN plus an SSN or ITIN depending on the funder. Some funders also ask for a voided check, proof of ownership, or, for larger amounts, tax returns or a profit-and-loss statement.
Is this a loan or something else?
Revenue-based funding is typically structured as a purchase of future receivables or a short-term advance, priced with a factor rate or fixed fee rather than a traditional APR, and repaid through small automatic daily or weekly payments. It is faster and more accessible than a bank loan but costs more, so it fits inventory, growth, and time-sensitive needs well.
Will applying hurt my credit?
Applying through the marketplace generally starts with a soft review of your business profile and bank statements. A funder you move forward with may run a harder check before final funding. Because underwriting leans on deposits, the emphasis is on your bank activity, not just your credit report.
