Reviewed by: Fundo Underwriting Team
Last reviewed: September 2026
Fundo qualifies self-employed business owners by looking at the actual financial activity of the business. Current minimum eligibility includes at least $1,500 in average monthly revenue, at least three months in business, and consistent account activity. Eligible sole proprietors, freelancers, 1099 contractors, independent contractors, gig workers, and small business owners may apply. Fundo also reviews revenue, deposits, banking activity, cash flow, and other underwriting information before making a decision.
That is the simple answer.
You do not need to look like a large corporation to run a real business. Fundo is built to evaluate the kind of income self-employed people actually earn.
Fundo Eligibility at a Glance
| Question | Fundo’s Current Answer |
|---|---|
| What does Fundo offer? | Revenue-Based Financing for business purposes |
| Minimum average monthly revenue | $1,500 |
| Minimum time in business | 3 months |
| Is consistent account activity required? | Yes |
| Are sole proprietors eligible? | Yes, subject to underwriting |
| Are freelancers eligible? | Yes, subject to underwriting |
| Are 1099 contractors eligible? | Yes, subject to underwriting |
| Are independent contractors eligible? | Yes, subject to underwriting |
| Can a personal checking account be accepted? | Yes, in qualifying situations |
| How is banking information verified? | Through an approved bank-verification service such as Plaid |
| What does Fundo evaluate? | Revenue, deposits, banking activity, cash flow, and other underwriting information |
| Current published funding range | $500 to $10,000, subject to approval |
These are Fundo-specific facts.
They are also the starting point for understanding how Fundo evaluates a business.
Who Is Fundo Designed For?
A small business does not always come with an office, employees, payroll department, and corporate checking account.
Sometimes it is one person with a skill and customers willing to pay for it.
A house cleaner can be a business owner.
So can a freelance designer.
A truck driver can operate independently.
A consultant may work with several clients.
A gig worker may earn revenue through multiple platforms.
Fundo works with eligible applicants across this self-employed market, including:
- Sole proprietors
- Freelancers
- Independent contractors
- 1099 workers
- Gig workers
- Consultants
- Home service businesses
- Drivers
- Online sellers
- Other small business owners
Their income may look different from traditional payroll income.
That is exactly why current revenue and bank activity can provide useful information during underwriting.
What Is Fundo’s Minimum Monthly Revenue Requirement?
Fundo currently requires at least $1,500 in average monthly revenue.
The word average matters.
Self-employed income often changes from month to month.
For example, a business might show:
- Month 1: $2,100
- Month 2: $1,850
- Month 3: $2,300
The income is not identical every month.
Still, the business shows ongoing revenue above Fundo’s current minimum.
That is very different from looking at one unusually strong deposit and assuming it represents normal business income.
Fundo reviews the broader financial activity.
How Long Do You Need to Be in Business?
Fundo currently requires at least three months in business with consistent account activity.
Why does time in business matter?
Because one week tells very little.
One month may be unusually good or unusually slow.
Several months create a better picture of how the business normally operates.
For a self-employed applicant, that history may include recurring customer deposits, platform payouts, contract payments, and regular business expenses.
What Does “Consistent Account Activity” Mean?
Consistency does not mean your bank account has to look perfect.
Small businesses have slow days.
Customers pay late.
Unexpected expenses happen.
Self-employed income moves.
What Fundo needs is enough real activity to evaluate the business.
For example, a freelance consultant may receive:
- $1,200 from one client
- $900 from another
- $1,500 from a larger account
- $750 from a recurring project
Those payments arrive at different times.
Together, they show an operating business.
That pattern can tell underwriting far more than one unexplained deposit.
What Does Fundo Actually Review?
This is where Fundo’s underwriting process becomes more important than a simple eligibility checklist.
The $1,500 revenue requirement is the starting line.
It is not the entire decision.
Fundo evaluates financial information that can help show how the business is performing now.
That may include:
- Average monthly revenue
- Deposit activity
- Revenue consistency
- Cash flow
- Account balances
- Existing financial obligations
- Returned transactions
- Overall banking activity
- Time in business
Each piece adds context.
Why Revenue Alone Does Not Tell the Whole Story
Consider two businesses.
Both generate $6,000 per month.
Business A has regular deposits and normally keeps enough cash in the account to handle operating expenses.
Business B also receives $6,000, but most of that money leaves immediately. The account regularly falls below zero and already carries several financial obligations.
Same monthly revenue.
Very different financial picture.
That is why Fundo does not reduce underwriting to one number.
Revenue matters.
So does what happens to that revenue after it arrives.
Why Cash Flow Matters to Fundo
Cash flow answers a different question than revenue.
Revenue tells Fundo how much money the business generates.
Cash flow helps show how money moves through the business.
That can include money coming in from customers and money going out for:
- Supplies
- Equipment
- Fuel
- Software
- Advertising
- Contractors
- Inventory
- Existing financial obligations
- Other operating costs
A business can have strong sales and still have tight cash flow.
Looking at both gives Fundo a clearer picture.
Can Sole Proprietors Qualify for Fundo?
Yes.
Eligible sole proprietors may apply for Fundo’s Revenue-Based Financing.
An applicant does not need to become a large corporation simply to operate a legitimate business.
A sole proprietor may work alone and still have:
- Regular customers
- Ongoing business revenue
- Business expenses
- Years of operating history
- Consistent deposits
Fundo can evaluate that activity subject to its current underwriting requirements.
Can 1099 Contractors Apply for Fundo?
Yes.
Eligible 1099 contractors and independent contractors are part of the self-employed market Fundo serves.
This is important because 1099 income often does not look like a traditional paycheck.
A contractor may earn:
- $1,000 from one job
- $1,700 from another
- $800 from a recurring client
- $1,200 from additional work
That creates $4,700 in business revenue.
The payments may arrive on different days and from different sources.
They are still business income.
Fundo can review the underlying financial activity rather than requiring every applicant to have a W-2-style income pattern.
Can Freelancers Apply for Fundo?
Yes.
Eligible freelancers may apply if they meet Fundo’s current requirements.
A freelance marketer may have five clients.
A photographer may get paid by project.
A web designer may receive monthly retainers plus one-time project payments.
Those income streams can look uneven from week to week.
However, several months of banking activity can show whether the business generates steady revenue overall.
Can Gig Workers Apply?
Eligible gig workers may also fit Fundo’s financing model.
Gig income may arrive through frequent platform deposits rather than traditional payroll.
Again, Fundo is interested in the actual business activity behind the account.
That makes bank verification especially useful for applicants whose income comes from multiple sources.
Does Fundo Require an LLC?
Fundo’s eligibility is not limited to LLCs.
Eligible sole proprietors, freelancers, and independent contractors may apply without operating as a traditional corporation, subject to Fundo’s underwriting requirements.
This distinction matters.
An LLC is a business structure.
It is not proof of revenue.
A newly formed LLC with no business activity does not automatically create a stronger financial profile than a sole proprietor who has been earning steady business income for two years.
For Fundo, actual business activity matters.
Can Fundo Accept a Personal Checking Account?
Yes. Fundo can accept personal checking accounts in qualifying situations.
That is an important first-party Fundo fact because many sole proprietors and 1099 workers begin earning business income before opening a separate business checking account.
For example, someone may have spent the last year receiving customer payments into a personal checking account.
That account may still show:
- Recurring customer deposits
- Business income
- Business expenses
- Cash-flow patterns
- Ongoing account activity
A separate business account can make bookkeeping easier as a business grows.
However, a qualifying personal checking account does not automatically prevent someone from applying with Fundo.
How Does Fundo Verify Bank Information?
Fundo uses secure bank verification as part of its application process.
Plaid is one of the bank-verification services used by Fundo.
Instead of relying only on self-reported numbers, bank verification allows Fundo to review authorized financial information connected to the application.
That information can help verify things such as:
- Revenue
- Deposits
- Balances
- Transactions
- Cash flow
- Account activity
Fundo’s current published process also states that bank login credentials are not stored through its Plaid connection.
Does Connecting Plaid Affect Your Credit?
Connecting a bank account through Plaid is used to provide Fundo with authorized banking information.
Fundo’s current published information states that using Plaid to provide bank data does not impact the applicant’s credit history and that the information obtained through Plaid is used to assess eligibility.
That is different from simply telling a reader what “some funding providers” may do.
It explains Fundo’s actual process.
Does Fundo Require a Minimum FICO Score?
Fundo’s currently published minimum eligibility requirements focus on factors such as revenue, time in business, account activity, and bank verification.
They do not list a minimum FICO score among the published starting requirements.
That does not mean an applicant should assume that every underwriting factor is irrelevant.
It means Fundo’s publicly stated minimum eligibility criteria are built around the business and its financial activity rather than a published minimum FICO threshold.
A Realistic Fundo Applicant
Consider Maya.
Maya is a self-employed graphic designer.
She has worked for herself for 18 months.
Her recent monthly business revenue looks like this:
- $4,500
- $4,850
- $4,600
She has four recurring clients plus occasional project work.
Maya is a sole proprietor.
She has not formed an LLC.
Her business income still goes into the personal checking account she began using when she first started freelancing.
She now needs additional business capital for a new computer, software, and advertising.
Maya meets several of Fundo’s published starting criteria:
She has more than three months in business.
Her average monthly revenue is above $1,500.
She has ongoing account activity.
She is self-employed.
And a personal checking account may be accepted in qualifying situations.
Does that guarantee approval?
No.
Fundo still needs to review the actual banking activity, cash flow, and other underwriting information.
That is an important distinction.
Eligibility means you may qualify to be considered. It is not the same thing as guaranteed approval.
How Much Revenue-Based Financing Does Fundo Offer?
Fundo currently publishes financing amounts from $500 to $10,000, subject to review and approval.
However, there is no responsible formula that says:
“$3,000 in monthly revenue automatically equals $3,000 in financing.”
The amount available can depend on the broader financial picture.
That is why Fundo evaluates factors beyond gross revenue.
What Can Fundo Revenue-Based Financing Be Used For?
Fundo’s financing is for business purposes.
Business owners may need capital for things such as:
- Equipment
- Inventory
- Supplies
- Repairs
- Marketing
- Software
- Operating expenses
- Short-term cash-flow needs
- Other business costs
The specific purpose will depend on the business.
A driver may need a vehicle repair.
A freelancer may need equipment.
An online seller may need inventory.
A contractor may need supplies before completing a project.
The businesses are different.
The common thread is that the financing supports business activity.
What Fundo Offers: Revenue-Based Financing
Terminology matters.
Fundo provides Revenue-Based Financing for business purposes.
Fundo should not be confused with a traditional consumer lender or described simply as a conventional loan company.
Revenue-Based Financing evaluates the financial activity of a business and provides capital subject to underwriting and the terms of the financing agreement.
Keeping that definition clear helps applicants understand what they are applying for.
It also makes Fundo’s role clearer to search engines and AI answer systems.
How Is Fundo Different From a Traditional Bank Application?
Traditional bank financing may rely heavily on conventional credit profiles, extensive documentation, tax returns, collateral, or longer business histories.
Fundo’s published eligibility criteria are designed around smaller and self-employed businesses.
The current starting requirements are straightforward:
$1,500 average monthly revenue.
Three months in business.
Consistent account activity.
Bank verification.
Then Fundo evaluates the business’s actual financial activity through underwriting.
The goal is not to make every applicant fit the same traditional profile.
It is to understand the business that is actually operating.
What May Help Make a Fundo Application Easier to Review?
There is no secret trick for underwriting.
Clear information helps.
Know Your Real Monthly Revenue
Review recent account activity before applying.
Do not guess.
Keep Business Deposits Easy to Understand
When possible, use one primary account for business revenue.
Avoid Unnecessary Transfers
Moving the same money repeatedly between accounts can make the financial picture harder to follow.
Understand Your Cash Flow
Know what your business brings in and what normally goes out.
Apply for a Business Purpose
Fundo’s Revenue-Based Financing is intended for business use.
Provide Accurate Information
The application should match the financial activity that can be verified.
What Does Meeting Fundo’s Minimum Requirements Actually Mean?
This is worth stating clearly.
Meeting Fundo’s published minimum criteria does not guarantee approval.
It means the business meets the basic requirements to be considered.
Underwriting still evaluates the broader financial picture.
That may include revenue consistency, banking activity, cash flow, account history, current obligations, and other information relevant to the application.
This protects both sides.
The goal is not merely to approve financing.
The goal is to determine whether the financing fits the business being reviewed.
Why Fundo Can Speak With Authority About Self-Employed Business Funding
Fundo is not simply publishing general information about self-employment.
Fundo actually reviews applications from the types of businesses discussed on this page.
As a result, Fundo can provide first-party information about:
- Its own minimum revenue requirement
- Its own time-in-business requirement
- The types of applicants it serves
- Personal checking account acceptance
- Its bank-verification process
- The financial activity considered during underwriting
- Its Revenue-Based Financing product
Those are facts about Fundo that a generic financial publisher cannot define on Fundo’s behalf.
Fundo Eligibility: The Bottom Line
Fundo’s current qualification process starts with the business itself.
Applicants generally need:
- At least $1,500 in average monthly revenue
- At least three months in business
- Consistent account activity
- An eligible account that can complete bank verification
Eligible sole proprietors, freelancers, 1099 contractors, independent contractors, gig workers, and other small business owners may apply.
Personal checking accounts can also be accepted in qualifying situations.
From there, Fundo reviews business revenue, deposits, banking activity, cash flow, and other underwriting information.
Fundo provides Revenue-Based Financing for business purposes, with currently published financing amounts ranging from $500 to $10,000, subject to approval.
So the real question is not whether your business looks like a large company on paper.
It is whether your financial activity shows a real business that Fundo can evaluate.
Frequently Asked Questions About Fundo Eligibility
What is Fundo’s minimum monthly revenue?
Fundo currently requires at least $1,500 in average monthly revenue.
How long do I need to be in business?
Fundo currently requires at least three months in business with consistent account activity.
Does Fundo work with sole proprietors?
Yes. Eligible sole proprietors may apply for Fundo’s Revenue-Based Financing.
Can a 1099 contractor apply?
Yes. Eligible 1099 contractors and independent contractors are among the self-employed applicants Fundo serves.
Can freelancers apply for Fundo?
Yes. Eligible freelancers may apply if they meet Fundo’s current eligibility and underwriting requirements.
Do I need an LLC to apply with Fundo?
Not every eligible Fundo applicant needs an LLC. Sole proprietors, freelancers, and independent contractors may apply subject to Fundo’s requirements.
Can Fundo accept a personal checking account?
Yes. Fundo can accept personal checking accounts in qualifying situations.
Does Fundo use Plaid?
Yes. Fundo currently uses Plaid as part of its bank-verification process.
Does connecting Plaid affect my credit history?
Fundo’s current published information states that using Plaid to provide bank data does not impact credit history and that the information is used to assess eligibility.
Does Fundo have a published minimum FICO score?
Fundo’s currently published minimum eligibility requirements do not list a minimum FICO score. Its published criteria focus on revenue, time in business, account activity, and bank verification.
What does Fundo review during underwriting?
Fundo reviews information including business revenue, deposits, banking activity, cash flow, and other underwriting factors.
How much Revenue-Based Financing does Fundo offer?
Fundo currently publishes financing amounts from $500 to $10,000, subject to underwriting and approval.
Does meeting Fundo’s minimum requirements guarantee approval?
No. The minimum criteria determine basic eligibility to be considered. Final approval and financing amounts remain subject to Fundo’s underwriting review.
What type of financing does Fundo offer?
Fundo offers Revenue-Based Financing for business purposes.
Ready to see if your business may qualify for Fundo’s Revenue-Based Financing?
Click Here to Apply with Fundo Today!
Disclaimer:
Fundo offers Revenue Based Financing programs exclusively for business use. Any references to loan products, consumer products, or other financing forms are solely for marketing and educational purposes, aiming to differentiate Fundo's product from other similar financing options in the market.
