Step 01
Complete the application sections
Work through business records, funding needs, and principal owner details. When ownership is below 100%, you can optionally add other owners. The initial screen starts at $15,000 monthly business revenue.
How it works
A clear next step at every stage.
Gather the essentials, work through one organized application, and review the details before making a decision.
BEFORE THE FULL APPLICATION
Get the essentials
into focus.
Work through Business, Funding, Owners, and Documents. The last step includes separate choices for communications and credit inquiry.
Gather clear, readable business bank statements covering the latest four statement periods. Up to four files, 10 MB per file. Accepted formats: PDF, PNG, and JPG.
Start your applicationBusiness records
Legal name, entity type, EIN, start date, industry, location, revenue, and employee count. Have the business address and state, monthly revenue, and annual revenue range in view. DBA, website, and months in business are optional.
Funding needs
The amount requested, when funds are needed, preferred remittance frequency, and intended use. Explain the business purpose and how you arrived at the amount. These preferences do not set offer terms.
Principal owner details
Name, ownership percentage, email, US phone number, date of birth, SSN or ITIN, self-reported credit, and home address. Add the principal owner. If ownership is below 100%, you can optionally add other owners. Complete the details for each owner you include.
Your latest four statement periods
Prepare business bank statements covering the most recent four statement periods. One PDF can cover several periods, and one period can be split across files. Four files alone do not establish four-period coverage.
From preparation to an informed decision.
Step 02
Prepare statements and finish
Include business bank statements covering the latest four statement periods. Communications permission and credit authorization are separate choices at the end of the application.
Step 03
Review a specific option
If an option is available, review the funding provider, product type, costs, and payment obligations in its actual terms before deciding.
KEEP YOUR GOAL IN VIEW
Bring a plan.
Know what it needs.
Use these questions to make the funding request useful and to assess a proposed arrangement alongside your existing commitments.
A specific business goal
Describe what the funds would support and the outcome you are planning toward.
A realistic amount
Include related costs and explain how you arrived at the amount you have in mind.
Your revenue rhythm
Think about typical monthly revenue, seasonal changes, and when customers pay.
Your existing commitments
Consider current payments and operating expenses alongside any proposed obligation.
WHEN A REAL OPTION IS CONSIDERED
Clarity at the handoff.
Details before a decision.
Funding may be provided by Spruce-Consulting LLC or selected funding providers. An actual offer must identify the funding provider, product type, complete cost, associated fees, and payment or collection terms before you decide. Availability depends on the business, program, and state.
Identify the provider.
Ask who evaluates the business, who makes the offer, who supplies the funds, and who services the arrangement. These roles should be clear for the particular option.
Understand any information request.
The funding provider may require additional information. Confirm the recipient, purpose, requested materials, and appropriate way to supply them before sharing anything sensitive.
Review the written terms.
Read the amount received, complete costs, collection or payment schedule, guarantees, and other conditions. An initial conversation or screen is not a commitment.
Before considering an offer
Know what you’re comparing.
Put the complete arrangement next to your business plan. Use these questions to understand the provider, costs, and obligations before making a commitment.
Who provides the funding?
Identify the provider and the business named in the agreement. Funding may come from Spruce or a selected funding provider; confirm who makes the offer and who services the arrangement.
What type of arrangement is it?
Ask for the product type and its actual terms. A general business funding label does not explain the arrangement or its obligations.
How much reaches your business?
Compare the stated funding amount with the amount you would actually receive after any deductions. Ask which fees are withheld or paid separately.
What is the complete cost?
Request every associated fee and the full payment or collection obligation. Ask whether arrangement or referral compensation is included, deducted, or paid separately, and who pays it.
How do payments or collections work?
Understand the amount or calculation, frequency, duration, and collection method. Ask how changes in business revenue affect the obligation, if applicable.
What other conditions apply?
Ask about early settlement, adjustments, collateral, personal guarantees, and default provisions, if applicable. Request the relevant written terms before committing.
Questions about an option? Contact Spruce with a general question.
A starting point, not an approval.
Exactly $15,000 meets the initial revenue screen. Revenue alone does not establish approval, a funding amount, or an available offer.
The inquiry experience covers all 50 US states. Program availability varies by provider and state; selecting a state does not establish eligibility. Time-in-business requirements depend on the provider and the funding program.