MCA Application Checklist

This is the most critical document. Funders need at least 3 months (6 is ideal) to evaluate your cash flow patterns, deposit consistency, and account health. Download PDF statements directly from your bank.

A driver's license or passport for the primary business owner. This verifies your identity and is required by virtually all funders.

Confirms your bank account details for funding deposits. If you don't have physical checks, a bank letter with routing and account numbers works.

Proof that your business is legally registered. This can be your LLC articles, DBA filing, or state business registration.

Some funders request this for larger advances. Having it ready speeds up the process, but many MCA funders don't require it.

The name as it appears on your bank statements and legal documents. DBA names should also be noted separately.

Your federal tax ID number. If you're a sole proprietor without an EIN, your SSN can be used, but having an EIN looks more professional.

Your physical business location. P.O. boxes may raise flags. If you're home-based, that's fine — just be consistent.

From the date your business was legally formed or started operating. Most funders require at least 4-6 months.

Some industries are viewed more favorably than others. Know your SIC or NAICS code if possible.

Calculate your average from the last 3-6 months. This determines your maximum funding amount (typically 1x-1.5x monthly revenue).

Be upfront about existing advances. Underwriters will see them in your statements anyway. Honesty builds trust and avoids wasted time.

If you have recent NSFs, wait 30 days and keep your account healthy before applying. Clean statements dramatically improve your terms.

Avoid going negative in your account for at least 30 days before applying. Negative days are a major underwriting red flag.

Don't just ask for the maximum. Know the specific purpose and amount. Reasonable requests relative to your revenue get better terms.

As it appears on your government ID. If there are multiple owners, the one with the highest ownership percentage is typically the primary.

Most funders only need the last 4 for identity verification. Full SSN is rarely required for MCA applications.

What percentage of the business you own. Most funders require the guarantor to own at least 50% of the business.

Required for identity verification. Should match your government ID. If you've moved recently, update your ID first if possible.

Our free anonymous analysis shows you exactly what underwriters will see. Fix any issues before applying — it's the single best thing you can do for your terms.

Look for any unusual activity, large cash withdrawals, or irregular patterns that might raise questions. Be prepared to explain anything unusual.

MCA isn't the only option. Consider lines of credit, equipment financing, or SBA loans if you qualify. Each has different costs and terms.

Knowing exactly how you'll use the funding and how it will generate ROI helps you determine the right amount and ensures the cost of capital is justified.