When you're looking to get a business loan, a merchant cash advance might be your best option. This type of loan allows you to borrow against future earnings and the requirements are usually very lenient. However, before you go start submitting your information to a merchant cash advance MCA provider, make sure you have all your ducks in a row. David Rubin, one of our partners, says to answer these questions first and you'll have the best chance to secure the financing you are looking for: 1. Are you incorporated? With a business bank account and processing credit cards? 2. Do you have 3-4 months of operating history on the processing account? 3. Is the credit card volume averaging over ($2,000/month starter program) ($5,000/month conventional program)? 4. What potential open credit issue’s are there? Foreclosure, bankruptcy, judgments, tax liens, less-than 1-year ownership and other rules apply to the conventional program (although funding still capable, it becomes more challenging and mostly falls into the starter program). 5. Do you have 3 months of business bank statements? Bank cash flow underwriting requires 3 months of business bank statements to value cash flow for an advance on the bank activity alone. No credit card processing necessary. Repayment through daily debit on business banking day via ACH (automated clearing house).