The Step-by-Step Guide to Getting Approved for a Merchant Cash Advance

When your business needs quick access to capital, a merchant cash advance (MCA) can be a powerful solution. Unlike traditional loans, MCAs are based on your revenue, not your credit score, making them faster and easier to qualify for. Here’s a clear, step-by-step guide to getting approved.

Step 1: Understand What an MCA Is

A merchant cash advance isn’t a loan. Instead, it’s an advance on your future sales. The provider gives you a lump sum, and you repay through a percentage of daily or weekly sales until the advance is paid off.

Why it matters: This flexibility means payments adjust with your revenue—when sales slow down, your payments do too.

Step 2: Check If You Qualify

Most MCA providers look for consistent revenue rather than perfect credit. While requirements vary, you’ll typically need:

• At least 3–6 months of business history
• A business checking account
• Monthly revenue of $10k+ (varies by provider)
• Recent bank statements to verify cash flow

👉 Even if your credit is low, steady sales can get you approved.

Step 3: Gather Your Documents

Preparation speeds up approval. Have these ready:

• Last 3 months of business bank statements
• Proof of business ownership (EIN, business license, etc.)
• Driver’s license or government-issued ID
• Voided business check

Having these upfront helps you avoid delays.

Step 4: Apply Online

Most MCA applications take just a few minutes. You’ll provide:

• Basic business details (name, industry, years in operation)
• Revenue information
• Contact details for follow-up

Unlike bank loans, you won’t be asked for mountains of paperwork.

Step 5: Review Your Offer

Once approved, you’ll receive a funding offer. This will include:

Always review carefully before signing.

Step 6: Get Funded Fast

After signing, funds are typically deposited into your business account in 24–48 hours. Many businesses get funded the next day, giving you the cash flow you need without long waits.

Step 7: Use Funds to Grow

Whether it’s payroll, equipment, marketing, or expansion—use your MCA strategically. The goal is to invest in growth that helps you pay back the advance quickly and boost your revenue.

Final Thoughts

Getting approved for a merchant cash advance is straightforward when you know the process. With revenue-based approvals, minimal paperwork, and fast funding, MCAs can be the bridge between where your business is today and where you want it to be.