Possibly, because there is no universal dollar minimum. What matters is whether the committed, at-risk capital is substantial in relation to what this enterprise costs, whether the enterprise is real and operating rather than a plan on paper, and whether it will do more than generate a minimal living for the founder's household.
Put a defensible number on the venture
Build the cost of the business from the bottom: registration and licensing, insurance, tools and subscriptions, a workspace arrangement, marketing, professional advice, and enough working capital to survive the collection cycle. Then record what has already been spent or contractually committed against that total. A small business with most of its cost genuinely committed presents differently from a larger plan funded only by intention.
Keep receipts, invoices and contracts filed against each line. Two further requirements deserve stating alongside that cost model. The investment must be substantial in relation to the total cost of this enterprise, which for a low-capital service business is a proportion rather than an absolute figure — a small total honestly costed and largely committed presents differently from a large total funded by intention.
And the capital must be irrevocably committed and at risk, so amounts still sitting in a personal account, or held back pending an outcome, have not met the requirement whatever the plan says. Both push toward committing genuinely and documenting it rather than inflating a total. Hypothetical example: a founder planning a mobile dog-grooming service prices the venture honestly at a modest figure, commits most of it before applying, and is in a considerably stronger position than one asserting a larger budget that has never left a savings account.