Funding Readiness Center
The Process
6 Steps from Application to Funded
Most applicants complete all six steps within 1–3 business days. Here is exactly what happens at each stage.
Submit the One-Page Application
Complete a simple one-page application: business name, owner name, phone, estimated monthly revenue, and amount requested. No tax returns. No business plan. No bank login required.
5 minutes to completeUpload 6 consecutive months of Bank Statements
Provide the 6 consecutive months of business bank statements — the full PDF, not screenshots. All revenue should flow through one primary business checking account. Statements must be from a business account, not personal.
This is what gets you approvedFile Review — Typically Within 24 Hours
Underwriters in our funding network review your file. They evaluate average daily balance, deposit volume, NSF frequency, and existing advance positions. No site visit. No in-person meeting. Most decisions come back the same day or next morning.
No hard credit pull at this stageReceive Your Offer
You receive a term sheet showing: advance amount, factor rate, total payback amount, and daily or weekly payment. Review it carefully. The factor rate is a multiplier — a 1.30 factor on a $50,000 advance means $65,000 total repayment. There is no prepayment discount unless explicitly stated.
Read before you signSign Contract and Provide Voided Check
Sign the merchant agreement electronically. Provide a voided check from the same business bank account used in your statements. This authorizes ACH debits for daily or weekly repayments. Signing is typically done via DocuSign or a similar e-signature platform.
Electronic — no faxingFunds Deposited to Your Account
Funds are deposited via ACH to your business bank account — the same account on your statements. Same-day funding is possible; 24–48 hours after contract signing is most common. Repayments begin the next business day.
Same account, same day possibleWhat to Expect
Funding Timeline
Here is a realistic hour-by-hour breakdown of what the fastest applications look like — and what can slow things down.
What We Need
Required Documents
The shorter your document list, the faster your approval. Here is what every applicant needs, plus what some capital partners ask for on larger advances.
✓ Required — Every Applicant
- Completed one-page application
- 6 consecutive months of business bank statements (full PDF — all pages)
- Voided check from business checking account
- Business must be the account holder
◆ Sometimes Requested (Larger Advances)
- Government-issued photo ID (owner)
- Business license or DBA filing
- Most recent 3 months of processing statements (if applicable)
- Landlord contact or lease copy (some industries)
✗ What We Do NOT Require
- Tax returns (initial review)
- Business plan or projections
- Collateral or personal assets
- Bank login credentials (never share these)
ℹ Statement Quality Tips
- Download directly from your bank — no screenshots
- Include all pages (cover page + transaction detail)
- Must show account holder name matching the application
- All 3 months must be the most recent available
Real Business Outcomes
Who Gets Funded and Why
These composite profiles represent the types of businesses and situations that move through the funding process successfully. Identifying numbers have been removed.
"Bank said no because our credit score dropped after COVID. But our deposits were $55K a month. That's what got us approved."
"Had a big commercial contract coming in but needed equipment to fulfill it. Applied Monday, had money Wednesday. That job paid for the advance three times over."
"I had one existing MCA. Was worried that would kill the deal. It didn't — they looked at my deposit volume and said I could handle the payments."
Composite examples based on general characteristics of funded files. Individual results vary. All funding is subject to underwriting and approval by capital partners in our funding network.
Common Questions
Application FAQ
Answers to the questions we hear most often before and during the application process.
- Most applicants receive a decision within 24–48 hours of submitting bank statements. Once the contract is signed and a voided check is provided, funds are typically deposited within 24 hours. The full process from application to funding commonly takes 1–3 business days.
- No. The initial review does not include a hard credit pull. Underwriters primarily evaluate cash flow from bank statements. A soft pull or background check may occur later in the process depending on the capital partner, but your credit score is not the primary approval factor. Minimum accepted FICO is approximately 500.
- The minimum required: (1) a completed one-page application, (2) the 6 consecutive months of business bank statements (all pages, PDF format), and (3) a voided check from the same business account. Some capital partners may request photo ID or a business license on larger advances.
- A factor rate is a multiplier applied to the advance amount to calculate total repayment. A $50,000 advance at a 1.30 factor rate means you repay $65,000 total — a $15,000 cost. Factor rates typically range from 1.10 for the strongest applicants to 1.50 for higher-risk profiles. Use the MCA Calculator to see exact payment estimates before you apply.
- The general minimum is $4,000 in monthly gross deposits through a business bank account for at least 6 consecutive months. Higher revenue qualifies for larger advance amounts. Deposits must be consistent — seasonal spikes do not substitute for steady monthly volume.
- Yes, in some cases. Having 1–2 existing MCA positions is acceptable to many capital partners if your bank account shows adequate deposit volume to support additional payments. Having 3 or more open positions, or if existing payments already consume more than 15–20% of daily deposits, makes approval significantly harder. Run the Fundability Score to see your current position.
- Yes. Restaurants, contractors, HVAC, roofing, retail, trucking, dental, and most service businesses qualify. Restricted industries include cannabis, firearms dealers, adult content businesses, and businesses under active government investigation.
- MCA repayment is collected via daily or weekly ACH. If the debit fails due to insufficient funds, most capital partners will retry within 1–2 business days. Repeated failures trigger default procedures, which can include confession of judgment in some states. If you anticipate a payment problem, contact your funder immediately — before a missed payment, not after.
Ready to Apply?
You know the process. You know what it costs. You know what they look at.
One page. Three months of statements. Decision in 24–48 hours.
500 FICO OK · No hard credit pull · $4,000/mo minimum · 6 months in business