Question 1

What is a Merchant Cash Advance (MCA)?

Accepted Answer

A Merchant Cash Advance is a type of business financing where a company receives a lump sum of capital in exchange for a percentage of future sales. Unlike traditional loans, MCAs are based on your business revenue rather than credit scores, making them accessible to businesses that may not qualify for bank loans.

Question 2

How accurate is this eligibility checker?

Accepted Answer

Our eligibility checker uses the same criteria that MCA providers use to evaluate applications. While it provides a strong indication of your eligibility, final approval depends on document verification and underwriting. The checker gives you a realistic expectation before you apply.

Question 3

Will this affect my credit score?

Accepted Answer

No. Using this eligibility checker does not affect your credit score. It's a soft assessment based on the information you provide. Even when you apply for funding, most MCA providers perform soft credit checks that don't impact your score.

Question 4

What if I have bad credit?

Accepted Answer

MCAs are primarily based on business revenue, not personal credit scores. Many business owners with less-than-perfect credit qualify for merchant cash advances. If your business generates consistent revenue, you may still be eligible.

Question 5

How quickly can I get funded?

Accepted Answer

Once approved, funding can be deposited into your business account within 24-48 hours. The entire process from application to funding typically takes 1-3 business days.

Question 6

What documents will I need to apply?

Accepted Answer

Typically, you'll need: 3-6 months of business bank statements, a valid ID, proof of business ownership, and a voided check. Some providers may request additional documentation based on your situation.

Question 7

Can I qualify if I already have an MCA?

Accepted Answer

Yes, many business owners qualify for additional funding even with existing MCAs. This is called "stacking." Your eligibility depends on your payment history and current revenue. Our team specializes in helping businesses with existing positions.