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FAQ · Requirements · Updated 2026-06-25

What are Mulligan Funding's requirements?

Mulligan Funding's published minimums are 1+ year in business, $10,000+ in average monthly revenue, and 600+ personal FICO. They fund term loans of $5,000-$2,000,000 with 3-24 month terms. Documents needed: 3-6 months bank statements, driver's license, and EIN. Approval in 24-72 hours. Typically files a UCC-1 against business assets — ask about subordination terms.

By Keerthana Keti3 min read

Quick answer

Mulligan Funding's published minimums are 1+ year in business, $10,000+ in average monthly revenue, and 600+ personal FICO. They fund term loans of $5,000-$2,000,000 with 3-24 month terms. Documents needed: 3-6 months bank statements, driver's license, and EIN. Approval in 24-72 hours. Typically files a UCC-1 against business assets — ask about subordination terms.

Full answer

Mulligan Funding's published underwriting box: minimum 1 year operating, $10,000+ in average monthly business revenue, and 600+ personal FICO credit. These thresholds put Mulligan in the prime-to-near-prime tier — easier than bank loans, more selective than B-paper MCAs.

Product: term loans (not MCAs), $5,000 to $2,000,000, with 3-24 month repayment terms. Payments are fixed daily, weekly, or monthly depending on deal structure. Because these are loans, interest accrues at a stated APR, and they appear as debt on your business credit profile.

Documents required: 3-6 months of business bank statements (primary signal), driver's license for the majority owner, business EIN and formation documents, and a brief application form covering use of funds and current debt obligations. For larger loans ($500K+), Mulligan typically requests tax returns and a profit-and-loss statement.

Approval timeline: clean applications with all documents complete typically receive a decision within 24-72 hours. Funding via ACH follows acceptance by another 24-48 hours, so total time from application to cash-in-account is roughly 2-5 business days.

UCC-1 filing: Mulligan typically files a UCC-1 financing statement against your business assets when funding a loan. This creates a public record of the lien and gives Mulligan priority over later lenders for those assets. The filing can complicate getting additional financing from other lenders until paid off or formally subordinated. Always ask about UCC terms and subordination policy before signing.

Personal guarantee: required for nearly all Mulligan loans. The PG means you are personally liable if the business defaults. Standard for the segment but a real consideration if the business is undercapitalized or you have meaningful personal assets to protect.

Tips to maximize approval and pricing: maintain at least $5,000 average daily bank balance over the last 90 days, keep NSF/overdraft incidents to zero in the look-back period, pay down or pay off existing MCA stacks before applying, and confirm your current personal FICO with a soft pull before submitting. These signals materially affect both approval and pricing tier.

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Methodology. Fundnode is an independent funding-platform that scores merchants against our 100-funder database. We earn referral fees from funders when merchants apply via Fundnode. Editorial rankings and answers are independent of fee structure. Updated 2026-06-25.