What a finance house reads in your bank statements
Six months of statements tell a credit desk more than any form. Here is what they look for.
Why statements matter more than the form
Most business lenders decide on your bank statements first. The form tells them what you say; the statements show what happened. They are usually read straight from a PDF downloaded from your bank, so scanned or edited copies slow everything down.
What they check
Money in: the average monthly deposits over three to six months, and whether they are steady or lumpy. Transfers between your own accounts and cash deposits are often stripped out.
Money out: existing loan and advance repayments, debit orders that bounced, and how often the account runs into overdraft or near zero at month-end.
Who pays you: a few large customers are riskier than many small ones. Government and corporate customers count in your favour.
Quick fixes before you apply
Run every sale through one business account; personal accounts don't count. Avoid returned debit orders for the three months before you apply. If a big deposit is once-off, say so up front; it saves a query later.
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Check my chance of fundingNext: The documents you need for business funding
GoFund prepares and submits applications on your behalf; it is not a credit provider. Every amount, rate, turnaround and qualifying rule belongs to the finance house concerned, differs between them, and can change without notice. Only a finance house can approve credit.