Premium Capital Solution's own basic qualifiers: $20,000+ average monthly revenue, one year or more in business, no open tax liens or prior defaults, no more than two active business loans or advances, four months of business bank statements available, and an owner credit score of 500 or above. These are the criteria we screen against before submitting a file — individual providers set their own on top of them, and approval is never guaranteed. See the full breakdown.

Baseline factors providers commonly review

Merchant cash advance underwriting is generally more flexible than a traditional bank loan, but "flexible" does not mean unconditional. Most providers form a view using a combination of business bank deposits, time in business, industry risk and the owner's personal credit profile, rather than relying on a single score.

Requirements vary by provider, and no website can state a universal minimum. Treat any figure you see advertised, such as a minimum credit score or minimum monthly revenue, as a starting reference point rather than a guarantee of approval or specific pricing.

Documents commonly requested during review

  • Recent business bank statements: commonly the four most recent full months, used to estimate average monthly deposits and existing debt withdrawals. Some providers ask for six.
  • Government-issued photo identification for each owner with meaningful equity in the business.
  • Voided business check or bank letter to verify the account that will receive funds and make remittances.
  • Business formation and ownership documents, such as articles of organization or incorporation.
  • A signed application disclosing revenue, existing obligations and ownership details accurately.

Some providers request a recent profit-and-loss statement, a merchant-processing statement, or details about any current advances already outstanding. Organize these records before you begin comparing offers so you can respond quickly once you find a provider worth pursuing.

How personal credit is typically used

Because an MCA is commonly structured around future receivables rather than a traditional credit underwrite, some providers place less weight on personal credit than a bank would. That does not mean credit is ignored. A personal guarantee is common, and credit history can still influence whether an application is considered, the requested amount and the pricing offered.

Do not assume advertising claims apply to your business: Phrases such as "bad credit okay" or "no minimum credit score" describe marketing positioning, not a guarantee. Ask a specific provider directly how your credit profile affects your request.

Bank deposits, time in business and industry

Average monthly deposits are often used to estimate how much a business could reasonably remit without creating a cash-flow problem. A business with inconsistent deposits, frequent overdrafts or a very short operating history may face a smaller requested amount, a shorter payment term or a request for additional documentation.

Some industries are treated as higher risk by certain providers due to chargeback exposure, seasonality or regulatory factors. This does not mean funding is unavailable, but it can affect which providers are a realistic fit and what terms they offer.

Questions worth asking before you apply

  1. What minimum monthly revenue or average daily balance does the provider generally look for?
  2. Does the provider run a soft or hard credit inquiry, and at what stage in the process?
  3. How quickly can the provider give a preliminary indication versus a firm, written offer?
  4. What documentation, beyond bank statements, does underwriting typically require for a business like yours?
  5. If declined, will the provider explain the primary reason?

Applying to multiple providers can help you compare real, written offers rather than advertised ranges. Keep every proposal you receive so you can compare net proceeds, total repayment and remittance terms side by side.