Glossary · Underwriting
Time in business (TIB)
Time in business (TIB) is how long a business has operated, usually counted in months from formation or start date. Funders set minimums by product.
Also called TIB, years in business, business age
MCA funders commonly want 3 to 12 months in business; term loans and lines of credit often want 24 months or more. Say how it was measured (entity formation date or the date the business started trading), because the two can differ by years for a business that incorporated late.
TIB is an easy hard filter for lender matching: a 6-month-old business should not be sent to a funder that requires a year.
Track it on every deal
Statements, offers, positions and commissions with the math worked out, in one CRM for lending companies.
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- GuideHow lender matching worksHow a lender matching engine decides which lenders a deal qualifies for: hard and soft rules, missing data, eligibility tiers, scores, near misses and a worked example.Read
- GlossaryPaper gradePaper grade is shorthand for deal quality, A through D. A paper has strong revenue, credit and statements and gets the lowest factors; D paper is the riskiest.Read
- GlossaryDecline reasonA decline reason is why a funder turned a deal down: revenue too low, too many positions, NSFs, restricted industry or state, credit, missing stips and similar.Read
- GlossaryFunderA funder is the company that underwrites and pays out a cash advance or business loan. ISOs submit deals to funders and are paid commission when they fund.Read