Readiness Score
0 / 20
Check off items as you complete them
0%
💰 Revenue & Deposits
Monthly deposits exceed $4,000 (minimum threshold)
Monthly deposits are reviewed first, before anything else in your file. Providers generally look for $4,000 to $6,000+ in average monthly deposits; below $4,000, most applications will not move forward.
Consistent deposit history: no 30+ day gaps in the last 6 months
Gaps in deposits signal seasonal or unstable revenue. Regular deposits, even smaller ones, demonstrate an active, operating business.
Active business checking account (not personal account)
MCA review looks at business accounts only. Mixing personal and business funds is a red flag and can reduce offer size.
Deposits spread throughout the month (not all end-of-month)
Lump-sum end-of-month deposits suggest invoice-based business or artificial timing. Regular deposits demonstrate genuine revenue flow.
No large unexplained withdrawals or NSF fees in last 90 days
NSF (insufficient funds) fees and large unexplained outflows are red flags during review. They suggest cash management problems that affect approval odds.
🏢 Business History
Business has been operating for 6+ months (12+ preferred)
Minimum 6 months in business is a hard requirement. 12+ months significantly improves approval odds and factor rate.
Business has a legal name (LLC, Corp, DBA, or Sole Prop)
Must be an established legal business entity. Applications must match the business bank account holder name.
Business is registered in your state (where applicable)
LLCs and corporations must be registered and in good standing. Sole proprietors and DBAs need verifiable business identity.
Business has a physical or verifiable online presence
Reviewers confirm the business is real and operating. A Google Business listing, website, or physical address is sufficient.
📄 Documentation Ready
Last 6 consecutive months of business bank statements, all pages, non-redacted
The most critical document in the application. Include all pages of all 6 months: complete statements, not summaries or screenshots. PDFs from online banking are fine. Personal bank statements do not qualify.
Voided business check ready (needed after approval, not to apply)
You do not need this to submit your application. It's used for ACH setup once you're approved and accept an offer, so funds and repayments route correctly. Having it ready in advance just saves a step later.
Government-issued photo ID ready (needed after approval, not to apply)
Identity verification is required for owners with 20%+ ownership, but it happens after approval, not before you apply. A clear photo of a driver's license or passport ready in advance keeps funding moving once you accept an offer.
Business EIN or Social Security Number (for sole proprietors)
Required on the application for a soft credit pull during initial review, which does not affect your credit score. If you move forward to an actual offer, a hard credit pull typically happens before final approval, with a real but small impact (usually 2 to 5 points).
Business application completed with accurate information
Application information must match bank statements. Inconsistencies between application data and bank statement data delay or kill deals.
Know how much funding you need and what you'll use it for
Having a clear, specific funding amount and use of funds demonstrates business planning and reduces friction during review.
💪 Business Health
No open or active bankruptcy filing
Active bankruptcy is a hard disqualifier for nearly all MCA funders. Discharged bankruptcy (completed) may still qualify depending on time elapsed.
Business is currently generating revenue (not pre-revenue)
MCA is based on existing revenue. It is not startup funding, so you need a demonstrated, active revenue stream to qualify.
Business is NOT in a restricted industry (cannabis, gambling, adult entertainment)
Certain industries are restricted by most funders regardless of revenue. Check the Fundability Score tool for a full list of industry classifications.
If you have existing MCA advances, know your current balance(s)
Stacking (multiple active MCAs) is evaluated carefully. Knowing your payoff amounts allows us to structure a consolidation or net-new offer correctly.
Business owner can be reached by phone for follow-up questions
Funding decisions require a brief verification call with the business owner. Unavailability slows the process significantly.
Checklist complete? Apply in 10 minutes.
Bring your 6 consecutive months of bank statements and we'll handle the rest.
Apply for Funding →
What "Ready" Actually Looks Like
The 20 items above are not equally weighted, and checking every box is not the bar. Most funded businesses apply somewhere in the "Almost Ready" to "Ready" range, not at a perfect 100%. What matters is the four categories moving together: a business with strong deposits but two months in business still is not ready; a business with a spotless documentation folder but $2,500 a month in deposits is not ready either. The diagram below shows how the score is actually built.
Under 50%: keep working through the list before applying. Submitting now usually just produces a low offer or a pass, and creates a credit inquiry you didn't need to spend yet.
50 to 74%: finish the Documentation category first. Missing statements or an incomplete application are the most common reasons an otherwise fundable file stalls.
75% and up: apply now. Reviewers work with real files, not perfect ones, and a strong majority of applicants in this range never reach 100% before they're approved.
What Commonly Trips People Up
A lot of business owners assume something disqualifies them when it does not, and skip a few real disqualifiers that actually matter. The two lists rarely overlap the way people expect.
If your file lands in the right column, applying now will not help; that gap needs to close first (a discharged, completed bankruptcy is a different situation than an active filing, and is worth a real conversation rather than a guess). If it lands in the left column, that item is not the thing holding you back, so keep moving through the checklist instead of waiting on it.
Funding Qualification Checklist FAQ
- What documents do I need to apply for an MCA?
- To start your application, you need a completed funding application and your six most recent consecutive months of business bank statements, all pages, non-redacted. A voided business check and a government-issued photo ID are collected after approval to set up funding, not before you apply. Tax returns, financial statements, and business plans are not required.
- What is the minimum revenue to qualify for business funding?
- The minimum monthly revenue for MCA qualification is $4,000 to $6,000+ in average bank deposits. Consistent deposits matter more than the highest single month. Higher average deposits qualify you for larger advance amounts, typically 100-150% of one month's average.
- How long does it take to go through the funding qualification checklist?
- The checklist takes about 5 minutes to complete. After completing it, you will have a clear picture of your funding readiness, estimated advance amount, and likely qualification factors before submitting a full application.
- What if I don't qualify based on the checklist?
- The checklist identifies the specific gap: FICO score, monthly revenue, or time in business. Each factor has a realistic timeline. FICO improvements typically take 30-90 days, revenue growth takes 1-3 months, and time-in-business requirements resolve on their own as the months pass.
- Can I still apply for funding even if the checklist says I'm not ready?
- Yes. The checklist is a readiness guide, not a hard gate. Submitting an application costs nothing. However, understanding your gaps before applying helps you choose the right product, anticipate the offer amount, and avoid unnecessary credit inquiries.