Question 1

How do I know if I'm ready to apply for business funding?

Accepted Answer

You are ready to apply for business funding when you meet the minimum criteria: 6+ months in business, $4,000+ in average monthly bank deposits, a business bank account open for 3+ months, no active bankruptcy, and a 500+ credit score. The Funding Readiness Assessment evaluates 15 factors across your revenue, bank account health, documentation, and business profile to give you a personalized readiness verdict.

Question 2

What is the minimum time in business required to qualify for an MCA?

Accepted Answer

The minimum time in business for a merchant cash advance is 6 months. However, businesses with 6–12 months of history typically receive higher factor rates than businesses with 1–2+ years of operating history. The 12-month and 24-month marks are important milestones that meaningfully improve your offer quality.

Question 3

What happens after I complete the funding readiness assessment?

Accepted Answer

After completing the 15-question assessment, you receive a personalized readiness verdict in one of four categories: Strong Applicant, Ready to Apply, Almost Ready (30 Days Away), or Not Ready Yet. Each result includes specific next steps and a recommendation for what to do next — whether to apply immediately, wait 30 days and improve specific factors, or work on a 90-day rebuild plan.

Are You Ready to Apply for Business Funding?