This article reviews the requirements in order to receive funding from Viably.
To qualify, you need to be a U.S.-based business that needs at least six months of selling on Amazon with an average of $10,000 of revenue over the last six months.
1. Business Structure and Age
Viably primarily supports established businesses. Your business should be legally registered and operational in the U.S for at least six months to qualify. We also require sellers to have a social security number (SSN) for a soft credit check.
2. Revenue Requirements
Viably's funding solutions are tailored for businesses with consistent and growing revenue. Typically, businesses need to demonstrate a minimum monthly revenue to be eligible. This criterion helps Viably assess the financial health and stability of your business, ensuring that it has the capacity to handle additional funding.
3. Credit Score
While Viably is known for its flexible approach, we do consider the creditworthiness of the seller by running a soft credit check that is not listed in your credit report.
4. Application Process
To initiate the process, businesses must complete an application where they provide detailed financial information and business documentation. This includes financial statements, tax returns, and other relevant documents that help Viably assess the business's funding needs and suitability.
In summary, Viably’s eligibility criteria are designed to ensure that the businesses they work with have a solid operational foundation and are well-prepared for growth. If you meet the criteria of having an established business, steady revenue, and appropriate documentation, you’re well on your way to exploring the financial solutions Viably has to offer.