MCA Document Readiness Checklist
Get organized before applying. Having the right documents ready can speed up approval and improve your chances of getting better terms.
Complete statements showing all transactions, deposits, and balances
Ensure statements are official bank documents, not screenshots or printouts from online banking
A check from your business checking account marked "VOID"
If you don't have checks, a bank letter with account details works
Valid government-issued photo identification
Must be current and not expired. Both sides may be required
Proof of business registration with state/local authorities
DBA, Articles of Incorporation, or business license depending on structure
Complete tax returns including all schedules
May be required for larger funding amounts or certain industries
Current lease for your business location
Required if you rent your business space. Mortgage docs if you own
Last 3-6 months of merchant processing statements
Shows credit card sales volume and trends
Current AR report showing outstanding invoices
Important for B2B businesses with invoice-based sales
Recent P&L showing business performance
Can help justify funding amount and demonstrate profitability
Current balance sheet showing assets and liabilities
Provides complete financial picture of your business
Detailed plan showing how funds will be used
Can strengthen application for larger amounts
Large contracts that justify funding need
Shows specific use case and ability to repay
Common Issues That Delay MCA Approvals
Many business owners get stuck in underwriting because of easily avoidable mistakes. Make sure you’ve addressed these before applying:
- Missing or outdated business licenses
- Low average daily balances
- Blurry or incomplete bank statements
- Inconsistent business names on documents
Now that you're organized, see what funding amounts you might qualify for before applying.