Need To Ask Some Question Or Check Question
Learn the fundamentals of how MCAs work, who they’re for, and why they’re different from traditional loans. This guide explains the pros, cons, and everyday use cases — all in plain language.
Unlike traditional loans, qualifying for a Merchant Cash Advance is fast, flexible, and centered around your business performance, not your credit score. Here's a breakdown of what most MCA providers look for — and how you can prepare.
Most MCA applications are simple, but having these ready can speed up approval: 1. Last 3–6 months of business bank statements 2. The last 3–6 months of merchant (credit card) processing statements 3. Basic business info: legal name, address, EIN, business structure 4. Owner’s ID and Social Security Number (SSN) 5. Voided business check (for direct deposit)
1. High and consistent daily/monthly sales 2. Few or no recent NSF (non-sufficient funds) or overdraft events in your statements 3. No major tax liens or judgments against the business 4. Having low outstanding debt or not currently stacked with other MCAs
