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Guide 31
Documents Needed to Apply for Funding
A simple guide to the documents that help Lucky review your business and receivables.
Applying for funding is easier when your documents are organized.
Lucky reviews businesses based on the quality of their receivables, contracts, customers, payment terms, and cash flow. The exact documents may vary by business, but the categories are usually similar.
Business information
Prepare:
- Legal business name
- Entity type
- EIN
- Business address
- Ownership information
- Contact information
- Formation documents, if requested
Receivables documentation
Prepare:
- Open invoices
- Accounts receivable aging report
- Customer payment history
- Expected payment dates
- Notes on overdue receivables
- Any dispute or adjustment information
Contract documentation
Prepare:
- Signed contracts
- Purchase orders
- Statements of work
- Campaign agreements
- Sponsorship agreements
- Payment schedules
- Approval requirements
Financial documentation
Prepare:
- Bank statements
- Profit and loss statement
- Balance sheet
- Cash flow forecast, if available
- Tax documents, if requested
- Debt schedule, if applicable
Customer information
Prepare:
- Customer names
- Billing contacts
- Accounts payable contacts
- Payment terms
- Historical payment behavior
- Contract values
Use of funds
Prepare a short explanation of how funds will be used.
Examples include:
- Payroll
- Contractor payments
- Talent payments
- Production expenses
- Vendor payments
- Campaign costs
- Bridging delayed client payments
Ready to prepare your file?
Organize your receivables and documentation, then apply. Lucky Hand Capital helps creative businesses access receivables-backed working capital.
Subject to review and approval.