Self-Employed Business Funding
No LLC required. Sole proprietors, 1099 contractors, and Schedule C filers qualify for MCA every day. Underwriters evaluate bank deposits and revenue flow — not business structure. Here's exactly how the process works for self-employed business owners.
Yes, sole proprietors can get an MCA. Business structure (LLC vs. sole prop vs. S-Corp) does not determine MCA eligibility. Eligibility is based on: 6+ months of business bank history, $8,000+/month in deposits, and a 500+ personal FICO. A dedicated business checking account — even in your personal name DBA — significantly strengthens the application.
MCA is available across all common business structures. Here's how underwriters view each.
Sole proprietors have the option to use either. The differences matter.
Most banks offer free business checking accounts that can be opened in your name DBA [Business Name] with just your SSN and business information — no LLC required. Opening one before applying takes 1–2 weeks but can meaningfully increase your approval amount and simplify underwriting.
These sole proprietor business types qualify most consistently due to deposit patterns and business model clarity.
Yes. Business structure does not determine MCA eligibility. The requirements are: 6+ months of business bank history, $8,000+/month in deposits, and a 500+ personal FICO. Sole proprietors, DBAs, 1099 contractors, and Schedule C filers all qualify.
No. MCA is available to sole proprietors operating without an LLC or corporation. Having a dedicated business checking account (even in your personal name with "DBA [business name]") significantly strengthens the application by making revenue clearly identifiable as business income.
Yes. 1099 contractors are eligible provided they have a business bank account showing consistent revenue deposits. 1099 payments deposited directly into the business account count toward the monthly deposit average used in underwriting.
Personal accounts are accepted but create complications in underwriting. Underwriters must separate business income from personal transactions — a process that takes longer and often results in more conservative advance amounts. A dedicated business checking account is strongly recommended.
MCA approval is primarily bank statement-based. Most providers do not require tax returns for initial approval — 3 months of business bank statements plus a one-page application is typically sufficient. Tax returns may be requested for larger advance amounts ($100,000+).
$8,000/month in verifiable deposits is the standard minimum across most MCA providers. For sole proprietors using personal accounts, the identifiable business deposits are what count — not all account deposits.
Yes. Sole proprietors without an EIN can use their SSN on the application. However, obtaining a free EIN from IRS.gov strengthens the application and signals you're operating as a formal business entity. It takes about 10 minutes online.
Sole proprietors with the highest approval rates tend to have a dedicated business bank account, consistent revenue deposits (not transfers from personal), 1+ years in business, 550+ FICO, and low NSF frequency. Top industries include general contractors, landscapers, cleaning services, food truck operators, and independent truckers.
Inconsistent income is common and is not automatically disqualifying. Underwriters evaluate the 3-month average deposit total. However, if income varies widely, underwriters will take a conservative view — the advance amount will be based on the lower end of the deposit range, not the peak month.
No LLC required. One-page application, 3 months of bank statements, decision in 24–48 hours. Sole proprietors, 1099 contractors, and Schedule C operators welcome.
Or call/text: 330-238-3003
