Understanding your Cyphr score

Your Cyphr score shows how ready your business is to apply for financing. It is not a general rating of your business's health or value.

Two names, one number. Some screens, and your platform's team, may call this your Readiness Score. It's the same number.

What you'll see on your Dashboard

• Your overall score, on the scale your platform uses
• The areas behind it, each scored separately, so you can see where you're strong and where you have room to improve
• Your band, a plain-language label for where your score falls, such as a label that tells you you're close to ready

Your platform writes the band labels, so read them the way your platform describes them.

What the score looks at

Your platform decides which areas it measures and how much each one counts. Typical areas include financial performance, banking activity, operations, documentation, time in business, and licensing and compliance.

How your score changes

Your score updates when your information changes. For example:

• Correcting an answer through an action item can move your score.
• Connecting your bank account lets the financial areas of your score use real transaction data.
• Marking a manual action item complete records your progress, but it doesn't change the underlying answers your score is based on.

How to improve your score

The fastest path is your action items list. Each item names a specific gap and tells you what to do about it. Start with the items marked Do now.

Related articles

• Action items
• Updating an answer