What steps can I take to improve my Foundation Score?

Your FairFigure Foundation Score ranges from 1 to 100 and changes monthly. Notice how it can fluctuate significantly over time, as shown in the yellow line in the graph below.

URL: FairFigure

It’s impacted by different factors, including the daily balance of your business checking account and monthly revenue.

The higher your Foundation Score, the better (100 is the max), as this indicates a stronger likelihood that your business is eligible for receiving the funding you seek.

URL: FairFigure

But what can you do if your Foundation Score is less than ideal? There are three main actions you can take.

One is to maintain healthy daily balances on your business checking account, meaning there are no negative days.

Next, ensure you have a consecutive revenue of $2,500 or more per month and keep this consistent for three months.

Third, try to keep a daily balance of $200 or more in your business checking account.

These three actions combined indicate financial stability, which translates into less risk as a borrower and should make your business more attractive to potential lenders. In turn, it should be easier to secure more valuable tradelines to fuel business growth.