How long do I have to wait before I can reapply?

Let’s say that you apply for FairFigure financing but aren’t initially approved. This can be due to a variety of reasons.

URL: FairFigure

Maybe it’s because your business is brand new and hasn’t been around for at least three months. Maybe it’s because you don’t yet have at least $3,500 in consistent monthly revenue.

Maybe it’s because you don’t maintain an average daily balance of $200. Maybe it’s because your business and home state don’t match. Or maybe it’s for a different reason.

Whatever the case, you’ll have another opportunity to obtain financing from FairFigure at a later time. Hopefully, at that point, you’ll meet the necessary criteria and can get the funding you need.

URL: FairFigure

As for the length of time you have to wait to reapply, you can do so every 30 days from your decline date. Once 30 days have elapsed, and you feel you meet the eligibility requirements, you’re free to try again.

URL: FairFigure

Just note that you’ll need to reach out to the FairFigure support team to reapply. Otherwise, your Apply for Capital option won’t work.

This is a nice feature to have, as many business owners may struggle to meet the minimum eligibility requirements the first time around. Even though FairFigure isn’t overly stringent with its requirements when compared to many competitors, not everyone will immediately qualify.

But with the option to reapply every 30 days, the chances are good that you’ll eventually be approved, even if it doesn’t happen right away.

On top of that, the amount of funding you qualify for can increase as your monthly recurring revenue grows.

URL: FairFigure

That way, you can apply for more capital to fuel the financial needs of your growing company.

URL: FairFigure