Applying for Alternative Funding

Pro Tip: Always Keep 4 Months of Business Bank Statements Ready

If you’re thinking about applying for business funding, whether through a traditional lender or alternative options like an MCA loan, here’s one simple thing you can do today to make the process smoother:

Have at least 3 months of your most recent business bank statements saved, organized, and ready to go.

Why It Matters

Lenders, especially in the alternative financing space, use your bank statements to quickly assess your cash flow, revenue trends, and overall financial health. Even if your credit isn’t perfect, strong bank activity can help you get approved faster.

Bonus Tip

Make sure your statements show consistent deposits, no frequent overdrafts, and positive balances. This builds lender confidence.

Pro Moves

• Save PDFs of your last 3-6 months of statements in a shared drive.

• Label them by month and year so they’re easy to find.

• If you run a seasonal business, include a “strong season” month to show your potential.