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Merchant cash advance
Requirements:
Do You Qualify?
Understand the core requirements lenders look for—and check where you stand in under a minute.
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Core Requirements
Minimum Credit Score
600+
Monthly Revenue
$10K+
Time in Business
3-6 months
Approval Time
1-3 days
INSTANT ASSESSMENT
Quick Qualification Check
Get an instant estimate of your approval odds
RATE DRIVERS
6 Core Requirements Explained
What MCA providers look for in every application
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Credit Score
Personal and business credit both matter
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While MCAs are less credit-dependent than traditional loans, your credit profile still influences pricing. Strong credit (680+) can result in factor rates below 1.20, while challenged credit (below 600) may push rates above 1.35. Lenders review both personal and business credit history, though revenue typically carries more weight.
Monthly Revenue
Higher revenue = lower rates
Monthly revenue is the most critical factor in MCA pricing. Businesses processing $100,000+ per month in card sales typically qualify for the best rates (1.10-1.20), while those under $30,000/month may see rates of 1.30 or higher. Consistent revenue patterns also improve pricing.
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Time in Business
Longevity reduces perceived risk
Established businesses (3+ years) demonstrate stability and receive preferential pricing. Newer businesses (under 1 year) are considered higher risk and face elevated factor rates. Most MCA providers require at least 6 months of operating history.
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Industry Risk
Some industries carry higher default risk
Industry classification significantly impacts factor rates. Low-risk industries (medical, professional services) receive better pricing, while high-risk sectors (restaurants, construction) face higher rates. This reflects historical default patterns by industry type.
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Advance Size & Existing Debt
Larger advances and existing obligations affect rates
Larger advance amounts may qualify for slightly better factor rates due to economies of scale. However, existing debt (other MCAs, loans) increases risk and typically raises your rate. Multiple stacked MCAs can push factor rates significantly higher.
BEFORE YOU APPLY
Required Documents Checklist
What you'll need to have ready for your application
Required Documents
Last 3-6 months bank statements
Recent processing statements (if relevant)
Valid ID + business info
Proof of ownership (basic)
Often Required
Voided check
Lease / proof of location (if applicable)
Debt schedule (if applicable)
Good to Have
Tax returns (if available)
Quick P&L summary
Notes about seasonality
Pro Tip
Have all documents organized and ready before starting your application. This speeds up the process significantly—many approvals happen same-day when documentation is complete and clear. Highlight consistent deposits in your bank statements and proactively explain any unusual transactions.
HOW IT WORKS
Application Process: Step-by-Step
What to expect from application to funding
Pre-Qualification
What Happens
Submit basic business info online
Provide credit score and revenue estimates
Initial soft credit check (no impact)
Receive preliminary offer range
Tips to Improve Odds
Have recent bank statements ready
Be honest about revenue and credit
Ask about factor rates upfront
Document Submission
What Happens
Upload bank statements (3-6 months)
Provide processing statements if applicable
Submit ID and business documents
Sign authorization for verification
Tips to Improve Odds
Ensure statements are complete (no missing pages)
Highlight consistent deposits
Explain any unusual transactions proactively
Underwriting Review
What Happens
Provider analyzes deposit patterns
Reviews credit and business history
Calculates advance amount and terms
Verifies bank account ownership
Tips to Improve Odds
Respond quickly to underwriter questions
Provide clarifications promptly
Don't apply to multiple providers simultaneously
Offer & Contract
What Happens
Receive formal offer with terms
Review factor rate, holdback %, total payback
Negotiate if possible (limited flexibility)
Sign contract and disclosures
Tips to Improve Odds
Read all terms carefully—no early payoff discount usually
Confirm total payback amount in writing
Ask about prepayment options and renewals
Consider having an advisor review
Funding
What Happens
Wire transfer or ACH to your account
UCC filing processed (public record)
Daily/weekly remittance begins
Account monitoring activated
Tips to Improve Odds
Verify exact amount received matches contract
Monitor first few payment deductions
Keep contract accessible for reference
Track total paid toward payback goal
TIME TO FUNDING
Total Timeline
From application to funding
10 min
Application
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2-24 hrs
Review
1-2 days
Funding
Ideal Scenarios
MCA vs Traditional Loan Requirements
Factor
MCA
Traditional Loan
Winner
Credit Score
1-3 days
680+ (strict)
MCA
Time in Business
6+ months
2+ years
MCA
Revenue Requirement
$10K+/month
Varies widely
Tie
Documentation
Bank/card statements
Extensive financials
MCA
Approval Speed
1-3 days
2-6 weeks
MCA
Collateral
Usually none
Often required
MCA
Repayment Flexibility
Adjusts with sales
Fixed monthly
MCA
Bank Statements
3-6 months
12-24 months
MCA
Common Questions
Frequently asked questions
Get answers to the most common questions about our financing platform and process.
Clear answers before you apply. No credit impact during pre-screening.
What types of businesses qualify for financing?
We facilitate financing for businesses across all major industries and business structures. Qualification criteria vary by lender and product type, but generally include minimum revenue thresholds, time in business, and creditworthiness standards. Our advisors assess your specific situation to identify appropriate financing options.
What is the typical timeline from application to funding?
Preliminary decisions are typically delivered within 24 hours of completed application submission. Final approval and funding timelines vary by product type and lender requirements. Alternative financing products often fund within 3-7 business days, while SBA loans typically require 2-4 weeks due to government underwriting processes.
What credit profile is required for approval?
Credit requirements vary significantly by lender and product type. Traditional bank products typically require personal credit scores of 680 or higher, while alternative lending partners may approve businesses with scores as low as 600. We evaluate your complete financial profile to identify lenders aligned with your credit standing.
What fees does BestLoanUSA charge?
BestLoanUSA does not charge upfront application fees or consultation fees. Any fees associated with specific loan products are charged directly by the lending institution and are fully disclosed prior to loan acceptance. We maintain complete transparency regarding all costs throughout the process.
How do bank and non-bank lenders differ?
Traditional banks typically offer lower interest rates but maintain stricter qualification criteria and longer approval timelines. Non-bank lenders provide faster decisions with more flexible underwriting but may charge higher rates. Our platform provides access to both, allowing you to evaluate the full spectrum of available options.
What are the borrowing limits?
Available capital ranges from $10,000 to $10 million or more, depending on product type, business financial strength, and lender criteria. During the application review process, our advisors help determine appropriate loan amounts based on your stated needs and qualification parameters.
Ready to Get Started?
Access the capital your business needs
Comprehensive financing solutions backed by expert advisory guidance. One application, multiple lender options, transparent terms.
Secure & confidential
No credit impact
Advisor-led process
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