Before applying for funding , make sure you
Control Your Data (THIS IS HUGE)
Why this matters:
Banks cross-check everything. Inconsistent data = fraud flag = shutdown.
How to do it:
- Keep consistent: Revenue Monthly spend Business description
- Use same NAICS (ex: consulting 541611/541613)
π Even small inconsistencies can kill a stack
Got denied recently for funding ? Lets dive in and find out why