One Month’s Bank Statement MCA’s
For New businesses and More!
MCA option available with as little as one month’s bank statement and some funding options with
less than 3 months bank statements and time in business. Restrictions Apply, ask us how!
Is your Month to Date bad due to the recent Hurricanes Milton and Helene? Get a Hurricane recovery Business Loan.For the Video Page go toHurricane Recovery Business Loan Video Page
Complete the Start button above
or Call us at 919-771-4177
Complete the one page application below & provide the first month’s business bank statement. This is a start up specialty bank statement loan program for new businesses OR businesses that recently started generating revenue. Visit our homepage for more programs. Don’t get declined for low deposits for the month. To visit the stand along video page for this video, go to
how to get an mca with less than 3 months bank statements.
Call 919-771-4177 for more info.
1.As little as 1 Month’s bank statement required.
2.New Businesses.
3. Businesses that have been using a Personal
Checking Account for their business and just recently opened a Business Account.
Apply above:
New Business: Loan program
New businesses can get approved with just the most recent month’s statement and the fast 15 second application. Don’t forget to be ready for the business checking account verification. Renew the loan and increase the approval amount as your sales increase.
A short time in business is also #8 of the Top 9 reasons why your MCA was declined.
This program is excellent for
New Businesses.
Companies that expect to have big swings in business revenue
Businesses that want to establish a relationship with a lender.
With this program, all the most recent 3 or 4 months bank statements may not be required.
Typical Existing Programs
Almost all current programs require the most recent three months bank statements and a month to date statement.
Why? Underwriting wants to see how the company’s cash flow has been over the most recent months. They take the average of those 3 months and issue an approval based on the average.
Example: A business provides statements for the last 90 days and has the following total deposits during that time.
July: $10,000
June: $15,000
May: $10,000
The average per month is calculated as follows:
$35,000 % 3 = $11,666 per month. In this example, the lender can make an offer knowing that the business brings in an average of $11,666 month.
Lenders cannot calculate an average with only the numbers for the last 30 days. If the business deposited $10,000 in July, then the lender will make an offer based just on that 30 day total.
An offer may be slightly lower, but the business has the opportunity to get a higher renewal offer quickly. As sales increase, the business can get a much higher renewal offer.
Data Secure 15 Second Request Form here.
Call 919-771-4177 for more info.
MCA Cash Advance: Less than 3 Months Bank Statements (Video Transcript: Click to Expand)
Qualify and be eligible for funding. You’ll find what you need here.
Eligibility
This is a unique option to help new businesses. It’s also for companies that have been running their business revenue through their personal checking account because they never opened an account in the name of the company when they started. We have even just added more funding options for these types of qualifying Businesses. We heard you loud and clear and we are delivering. Some Conditions and restrictions apply. Apply now or call us. Businesses are almost always turned down flat if they don’t have those 3 or 4 months business bank statements. But what if I don’t qualify for this option you ask? We have several Options to qualify just about all businesses. Click or Tap on the Apply Button or
Link in the description, or call us at 919-771-4177 or visit bankstatementloan.com.
FAQ on business loans with only 1 months bank statement.
Can we get a loan with just 1 month’s bank statement?
Yes. You only need to provide the first month’s statement as a brand new business. Businesses that had a strong month since the 1st of the current month can provide a month to date statement to get a higher offer.
What if our first month had low sales?
You may still be able to get a starter offer. As your sales grow, you will be offered higher amounts quickly. This is a relationship product that your business can use like a Line of Credit.
Can we get approved with only a few weeks in business?
You only need 4 weeks or more in business. If the business began the previous month, then provide information since the beginning of the new month. This can be a MTD Month to Date statement.
Conclusion
New businesses have limited or no funding options. This new program allows them to get capital after only 1 month.
Even better, a relationship is established with the lender. The borrower can get more working capital sooner and for larger amounts as the relationship is developed.
Author Biography: Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
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