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How Approval Works · 2026

How MCA Approval Works for Contractors

A plain look at what gets a contractor advance approved — and how to get a better offer.

Short answer: A contractor advance is approved by reviewing your last 3 months of bank statements — monthly deposits, ending balances, negative days, and existing advances. Strong, consistent deposits and few negative days drive a bigger, cheaper offer. Contractor Capital Advance approves in hours, FICO 500+, funds in 24 hours.

Reviewed by the Contractor Capital Advance Funding Team · Updated July 2026

How funding works, step by step

From application to funding in four steps — most contractors complete it within a day.

1

Apply in 5 minutes

Complete a short online application. It uses a soft credit pull that does not affect your score.

2

We review your deposits

Approval is based on your last 3 months of business bank statements — not tax returns or the contract.

3

Get your offer

Review your amount and terms up front, with any fees disclosed before you accept. No obligation.

4

Get funded

Sign and receive funds by ACH, often within 24 hours of approval.

What underwriters review

What drives your approval and offer.

FactorWhat they checkHow to improve
Monthly depositsVolume & consistencyKeep steady deposits
Negative daysOverdrafts/NSFsMinimize negatives
Existing advancesRoom to addConsolidate first
Ending balancesHealthy cushionKeep a buffer

How we help

  • Approval on bank statements, not tax returns
  • Decisions in hours
  • FICO 500+ accepted; approval on revenue
  • We help you get the strongest offer
  • Soft credit pull — no score impact
  • Funded in as little as 24 hours

What you need to apply

  • US-based contracting business
  • 6+ months in business
  • ~$30,000+ in monthly revenue
  • Last 3 months of bank statements
  • Valid EIN and business bank account

Frequently asked questions

What do I need to get approved for an advance?
Three months of business bank statements showing consistent deposits, an EIN, and a business bank account. Strong deposits and few negative days improve the offer.
How fast can I get funded?
Most contractors fund within 24 hours of approval; the application takes about 5 minutes with a soft credit pull.
Do I need good credit?
No — FICO 500+ can qualify because approval is weighted toward revenue and deposits.
Is this a business loan or a cash advance?
Both are available. The right structure depends on your revenue, credit, and how you prefer to repay — fixed payments or a share of your deposits. We show you the options you qualify for before you commit.
What can I use the funds for?
Any legitimate business purpose — payroll, materials, equipment, mobilization, covering the gap between draws, or growth. There are no restrictions on how you deploy working capital.
Are there any upfront fees to apply?
No. Applying and getting a decision is free, and any fees are disclosed in your offer before you accept — so there are no surprises.

Sources & further reading

Figures on this page are typical 2026 industry ranges provided for general information; your actual terms are set at application.

See what you're approved for

Apply in 5 minutes with a soft credit pull.

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Figures and factor-rate examples shown are illustrative 2026 ranges and vary by underwriting; actual terms are set at application. A merchant cash advance is a commercial financing product, not a loan in all states. Product and company names referenced are the property of their respective owners.