Prepare a complete merchant cash advance submission: review the application checklist, bank statement requirements, merchant qualifications, and ISO onboarding steps.
An independent sales organization (ISO) connects business owners with funding providers. Through the Logic Advance ISO program, brokers help merchants prepare applications, understand offers, and move through the funding process. Use this guide as a submission checklist when preparing your first deal or training a new team member.
Partner registration and merchant underwriting are separate reviews. Contact the partner team for your onboarding status; the merchant review timelines below do not guarantee a partnership decision.
Start each merchant submission with:
Before sending, check that the business name and contact details are consistent, statements are readable and unaltered, and the requested funding amount and intended business use are clear. Disclose existing funding obligations so the reviewer can assess the full picture. Additional verification, such as identification or a voided check, may be requested for the specific deal.
The submission benchmarks below help brokers screen files. Requirements vary by product and merchant profile; meeting these benchmarks does not guarantee approval. Ask your account manager about a file that falls outside them before promising eligibility.
| Criteria | Submission Benchmark |
|---|---|
| Time in Business | 6+ months |
| Monthly Revenue | $25,000+ |
| Credit Score | 500+ |
| Bank Statements Required | 4 months (most recent) |
| Business Type | Most industries considered; subject to review |
Send the documents to apply@logicadvancegroup.com or follow the instructions from your dedicated account manager. Include the merchant's business name and your ISO/broker company name in the subject line.
Example subject: ABC Restaurant / Your Brokerage / Funding Submission
Include a contact person for follow-up questions and flag any missing information. Reviewing the file upfront helps identify gaps and product-fit concerns before contracts are prepared, reducing avoidable requests and helping merchants understand what comes next.
Missing documents or additional underwriting questions can extend the timeline. Confirm the status with your account manager before giving a merchant a funding date.
A broker helps the merchant compare available options, organize documents, and understand the cost and payment obligations of an offer. Product availability and terms depend on underwriting; no single solution fits every business.
Logic Advance works with businesses across all 50 states, including restaurants, retail and e-commerce, construction, healthcare, transportation, automotive services, professional services, beauty, manufacturing, and wholesale. Industry and location alone do not establish eligibility. Confirm unusual business models, restricted activities, and product-specific requirements with your account manager before submitting.
Logic Advance offers four funding tiers, each designed to match merchant profiles with the right deal structure. Understanding these tiers helps ISOs maximize their commissions and fund a wider range of merchants.
Lowest buy rate, highest margins for ISOs, premium merchant profile, and the most competitive deal structure available.
Strong pricing with broader eligibility, allowing ISOs to fund high-quality businesses that may not meet Elite-level criteria while still earning solid commissions.
Flexible underwriting for everyday small businesses, giving ISOs the ability to fund a wider range of merchants while maintaining competitive deal structures.
Funding options for businesses with credit challenges, past defaults, or settlements, allowing ISOs to monetize difficult files and turn declines into funded deals.
Commission rates are discussed during onboarding and vary by product, deal volume, and relationship terms. Request the current rate sheet and written payment terms from your account manager. If syndication is proposed, confirm availability and any applicable fees separately; do not assume a universal commission percentage or fee schedule.
Submit accurate information with the merchant's permission, protect business and owner documents, and explain the offer's costs and obligations clearly. Do not alter statements, conceal existing financing, or promise approval or savings that have not been confirmed. Give the merchant time to review the agreement and direct unresolved questions to the partner team.
Use this workflow when training a broker or preparing a first submission. The goal is a file the reviewer can understand and an offer the merchant can evaluate.
A restaurant requests funds for a seasonal inventory purchase, but its latest statement shows a large transfer and several existing funding debits. Ask what the transfer represents, document the current obligations, and check the inventory budget with the merchant. Submit the explanation with the complete records so underwriting can assess the request. Do not remove transactions, edit statements, or estimate an approval from deposit totals alone.
Check for missing statement pages, inconsistent business names, unsigned applications, an unclear funding purpose, and undisclosed advances. If a question remains, flag it in the submission rather than guessing. For more detail, read how underwriting evaluates merchant files and the deal submission checklist.
The first call sets up the whole file. Ask open questions and write down the answers — underwriting will ask you for half of them.
Walk through the written offer line by line — never summarize the payment and skip the rest.
If any line is unclear, ask your account manager before presenting the offer — guessing wrong costs you the merchant’s trust.
Fit the product to the revenue pattern, not the other way around:
When no product fits cleanly, say so. A broker who declines to force a bad fit earns the next deal.
Never rush a signature. A merchant who understands the offer becomes a renewing merchant.
Brokers who handle declines well keep the merchant. Brokers who disappear lose them to the next broker.
Underwriting can only move as fast as the file in front of it. A submission that follows these funding submission requirements — signed application, four complete months of bank statements in order, existing advances fully disclosed, amount and purpose stated clearly — can be reviewed on its merits the day it arrives. A partial file starts a chain of follow-up emails, and every day spent chasing pages is a day your merchant spends doubting the process and you. The specifics are not red tape; they are the evidence that lets a reviewer say yes with confidence: revenue that can be verified, obligations that are already counted, and a request that matches what the business can carry.
Think about what that means for your merchants. Many of them have already been let down — a bank that took weeks to say no, a broker who vanished after collecting documents. When your submission is clean, the answer comes back clear and fast, and you get to be the broker who finally made funding feel simple. That is how renewals and referrals are earned. Use this checklist on every file, ask your account manager when a detail is unclear, and send submissions you would be proud to defend. Your next approval starts with the file you prepare today.
Every broker knows two kinds of weeks. In the first, a merchant waits, asks for updates you do not have, and quietly starts returning another broker's calls. In the second, the file you sent comes back with a clear answer while the need is still urgent, and you get to be the one who delivers it. The difference is rarely the merchant. It is the file. Logic Advance publishes its benchmarks plainly: $25,000 or more in monthly revenue, six months or more in business, a credit score of 500 or higher, and four complete months of bank statements beside a signed application.
Send that file complete and the published timeline can work for you: initial review typically within 2 to 4 hours, with same-day offers possible for qualifying, complete files. Send it in pieces and every missing page resets the wait. Growing partners treat these guidelines as their own quality standard, because Logic Advance keeps investing in the partners who make review easy — clear checklists, training, current rate sheets, and an account manager who answers. Your merchants have already waited on banks that took weeks to say no. Be the broker whose search for a reliable funding partner ends here, and whose merchants stop searching too.
A complete submission under these guidelines pairs a signed application with four complete months of bank statements from a merchant with $25,000 or more in monthly revenue, six months or more in business, and a credit score of 500 or higher. Initial review typically begins within 2 to 4 hours of a complete submission, and same-day offers are possible for qualifying, complete files. Funding follows after contract execution and required verification, subject to bank processing. Most industries are considered, submissions cover merchants in all 50 states, and underwriting may request additional information when a merchant profile needs a closer look.
Logic Advance publishes these benchmarks plainly because it is growing by investing in partners who send clean files: clear checklists, training, current rate sheets, and a dedicated account manager who answers. Your merchants have already waited on banks that took weeks to say no and brokers who vanished after collecting documents. Be the broker whose files come back with clear answers while the need is still urgent. Your search for a funding partner ends here, and your merchants stop searching too. Keep this page open while you build every file, check each statement page before you send, and let your account manager settle any detail that is unclear.
A funding decision starts with the bank statements, so read them the way underwriting will before you submit. The reviewer is tracing four things across the four most recent complete months: whether deposits look like real, recurring revenue, whether average balances can carry the payment schedule, whether negative days or returned items suggest strain, and whether existing advances already claim part of each deposit. One large transfer is not recurring sales, and revenue split across accounts understates the business if only one account is sent. When something unusual appears, a short written explanation sent with the file answers the question before it becomes a follow-up request that resets the clock. Catching them yourself is what separates a file reviewed as sent from a file that waits on you.
That habit is the logical core of these guidelines: a signed application, four complete months of statements in order, benchmarks of $25,000 or more in monthly revenue, six months or more in business, and a credit score of 500 or higher, with initial review typically within 2 to 4 hours of a complete submission. The payoff is practical. Complete files get clear answers while the merchant need is still urgent, and brokers who send them build the book that a growing funder keeps investing in, with training, current rate sheets, and an account manager who answers. Your merchants already waited on banks that took weeks to say no. Be the broker whose search for a reliable partner ends here, and whose files come back decided.
A complete submission answers five questions before underwriting asks any of them: who the merchant is, what the money will do, how much is requested, what obligations already exist, and what in the statements needs explaining. That is the comparison a reviewer makes against these benchmarks: $25,000 or more in monthly revenue, six months or more in business, and a credit score of 500 or higher, with initial review typically within 2 to 4 hours of a complete submission. Write those five answers as one short summary at the top of the file, keeping facts shown in the records separate from explanations the merchant gave you. A large transfer, a seasonal dip, or an existing advance named in the summary is a question already answered; the same item found unexplained is a delay.
The summary also protects the timeline you promise. When the amount, purpose, and obligations are stated up front, the first conversation after review is about the offer, not about missing pieces, and the merchant hears one consistent story from you and from the review team. Send the signed application and the four most recent complete statements in order, flag anything the summary could not explain, and ask your account manager about it before the file moves. Brokers who write this way build the book a growing funder keeps investing in, with training, current rate sheets, and support that answers. Your merchants already waited on banks that took weeks to say no. Be the broker whose search for a reliable partner ends here, and whose files arrive already understood.
The fastest check a broker can run costs nothing: read the file against itself. The business name on the signed application should match the name on the four complete months of bank statements, the amount requested should match the amount in your summary, and the purpose you state should match what the statements show the business doing. That consistency is what a reviewer tests first against these benchmarks: $25,000 or more in monthly revenue, six months or more in business, and a credit score of 500 or higher, with initial review typically within 2 to 4 hours of a complete submission. A file that agrees with itself can be judged on its merits the day it arrives; a file that contradicts itself gets questions instead of a decision. None of those questions is about the merchant; every one is about which piece of paper to believe.
Run the check in a fixed order and it takes minutes. Names first, then amounts, then dates, then the existing advances disclosed in the summary against the payments visible in the statements. Anything that does not match gets fixed or explained in writing before the file moves, not discovered during review. Brokers who work this way build the book a growing funder keeps investing in, with training, current rate sheets, and a dedicated account manager who answers at (800) 403-3170. Your merchants already waited on banks that took weeks to say no, and on brokers who wasted their time. Be the broker whose search for a reliable partner ends here, and whose files arrive already understood, every single time.
The minimum monthly revenue is $25,000. Additional requirements vary by funding product and merchant profile. Confirm the applicable requirement with your account manager before submitting; meeting a benchmark does not guarantee approval.
Submit the four most recent complete business bank statements with the signed application. Include every page and provide readable, unaltered documents. Underwriting may request additional information.
This guide lists six months in business as a submission benchmark. Some products or merchant profiles may require a longer operating history; confirm the requirements for the proposed funding option.
Your account manager is the point of contact for submission questions, current rate sheets, offer details, and deal-status updates. Review the partner agreement and ask about available onboarding guidance before submitting your first file.
Ask about responsiveness, clarity of offers, and support when a file needs additional documents. The ISO Program page includes published partner testimonials. Individual experiences do not guarantee approval, funding speed, or future results.
A payment schedule should fit the business cash-flow pattern. Depending on the approved product, an offer may use daily, weekly, or other payment arrangements. Review the amount, frequency, total cost, and any revenue-adjustment provisions in the agreement; do not assume every product adjusts automatically when sales change.
Business uses may include inventory, payroll, marketing, renovations, equipment, and working capital. Confirm that the intended use is permitted by the specific agreement. Equipment financing and other specialized products may have narrower purposes.
Ask your account manager whether a specific offer includes an early-payoff discount and obtain the conditions in writing. Do not promise a fixed discount schedule. If a deal involves escrow, confirm whether an arrangement is available and how it would work before presenting it to the merchant.
Ask how much is needed and for what, when the funds are needed, the realistic monthly revenue range, existing advances or business debt, how customers pay, who the decision-maker is, and what happened the last time they sought funding. Record the answers — underwriting will ask for most of them.
A factor rate is a multiplier, not an interest rate: a 1.30 factor on a $50,000 advance means $65,000 in total remittance before fees. Point merchants to the factor rate versus APR guide, and never present a factor rate as an APR.
A holdback is the agreed percentage of sales remitted toward the advance — for example, a 10% holdback on $2,000 of daily sales means $200 remitted that day. Explain whether the offer uses a sales-percentage holdback or a fixed scheduled debit, and how reconciliation works if sales change.
Do not submit the file. Explain that undisclosed positions surface in underwriting, stall or kill the deal, and put your credibility at risk. If the merchant will not disclose, walk away from the file.
Get the reason in writing from your account manager, explain it plainly to the merchant, fix the gap, set a re-submit timeline, and offer the next-best path. Brokers who handle declines well keep the merchant for the next opportunity.
Walk through the written offer line by line, summarize the amount, net proceeds, total cost, and payment schedule, then give the merchant time to review. A merchant who understands the offer becomes a renewing merchant; pressure kills renewals.
A complete file under these MCA submission guidelines includes the signed application, the four most recent complete business bank statements in order, accurate contact and ownership details, the amount requested and its business purpose, and full disclosure of any existing advances with balances and payment schedules. Add identification or ownership records when requested. Run the checklist before you send: a file that arrives complete is reviewed as submitted, while a partial file waits on you.
Underwriting reads statements to verify revenue, average balances, deposit patterns, and existing obligations — every page matters, including pages with little activity. Missing pages, cropped images, or edited documents force follow-up requests and can end a review entirely, because the team cannot verify what it cannot see. Send original, readable, complete statements for each month in sequence. In funding submission requirements, clean documents are the fastest credibility you can give a merchant.
Incomplete bank statements, an unsigned or inconsistent application, undisclosed existing advances that surface mid-review, and slow replies when underwriting asks a follow-up question. A merchant who is hard to reach for verification also stalls their own file. Most delays are preventable: use the broker submission guidelines checklist, disclose everything up front, and answer document requests the same day. Speed in underwriting is usually earned at submission, not requested afterward.
Eligibility depends on the product and current underwriting criteria, and some regulated or higher-risk industries need a pre-check before you invest time in a full submission. Our MCA requirements also exclude open bankruptcies. The safe habit: if an industry is unusual, heavily regulated, or was declined elsewhere for industry reasons, confirm eligibility with your account manager first. A two-minute check protects your credibility with the merchant and keeps your pipeline realistic.
Benchmarks are starting points for review, not the whole decision — but a file far below the $25,000 monthly revenue or six-month time-in-business guideline is unlikely to be approved as submitted. Ask your account manager whether a smaller request, a different product, or a short wait while revenue builds gives the merchant a real path. Be honest with the merchant about the gap and the plan to close it; a prepared return beats a hopeful submission.
Resubmit when the reason for the decline has actually changed: the missing documents now exist, revenue has strengthened, an existing obligation is paid down, or enough time has passed to show a better pattern. Get the original decline reason in writing, note what is different, and flag the change clearly when you send the new file under these MCA submission guidelines. A resubmission that answers the first decline reads as progress; the same file sent again reads as noise.
A complete file arrives with the signed application, the four most recent complete business bank statements in order with every page included, existing advances and balances fully disclosed, and the amount and business purpose stated clearly. Add anything that explains the request, such as a contract, quote, or receivables summary, and the file can be reviewed on its merits without a round of follow-up requests.
Missing statement pages, an unsigned application, undisclosed existing advances, and an unclear amount or purpose hold up more files than any other gaps. Each missing item starts another exchange and another wait for the merchant. Run the submission checklist before you send, and answer document requests the same day so the review keeps moving.
Send the four most recent months in order, complete and unaltered, with every page of each statement included, and confirm the business name and account match the application. If a statement shows a deposit or obligation that needs context, add a short note up front instead of waiting to be asked. Organized statements let underwriting verify revenue without pausing the file.
Initial review typically begins within 2 to 4 hours of a complete submission. Same-day offers may be available for qualifying, complete files, and funding may follow after contract execution and required verification, subject to bank processing. Your account manager is your contact for status updates, offer details, and any additional documents underwriting requests along the way.
Partners get a dedicated account manager for submission questions, current rate sheets, offer details, and deal-status updates, plus onboarding guidance before the first file. Logic Advance is growing fast and invests in its partner network, so partners get clear guidelines, training material like this page, and a team that answers when a file needs work. Ask your account manager what support fits your shop.
Send one clear status request to your account manager with the merchant name, submission date, and anything new you have added since sending. Keep new documents in one organized reply instead of several partial messages, so nothing gets separated from the file. Checking in this way keeps you informed and keeps the merchant confident without pulling the reviewer away from the decision.
Compare the request with the revenue shown in the four months of bank statements, starting from the $25,000 monthly revenue benchmark, and state the amount and its business purpose clearly in the submission. List existing advances and payment schedules beside the request, so underwriting can judge the total obligation. A request the statements support is easier to review than a round number with no purpose behind it.
The benchmarks are starting guidelines, not a promise of approval: $25,000 or more in monthly revenue, six months or more in business, a credit score of 500 or higher, and four complete months of bank statements with a signed application. Requirements vary by funding product and merchant profile, and meeting every benchmark does not guarantee approval. When a merchant is close on one point, confirm with your account manager before you submit.
Disclose every existing advance fully: the provider, the remaining balance, and the payment schedule for each one. Underwriting reviews total obligations when it judges a new request, and an advance that surfaces late can stall or sink a file that was otherwise complete. A short, honest list with the submission lets the review price the whole picture the first time.
Promise the review window, not the outcome. Initial review typically begins within 2 to 4 hours of a complete submission, same-day offers are possible for qualifying, complete files, and funding follows after contract execution and required verification, subject to bank processing. Tell the merchant when the review starts and that you will share the written answer as soon as it arrives, and never promise an approval these guidelines do not guarantee.
Send the complete document in one organized reply to your account manager, with the merchant name and submission date noted, instead of several partial messages that can separate pages from the file. Include every page of the item requested, even a blank one. One complete reply keeps the review moving and lets you give the merchant a confident update the same day.
Have the written numbers ready before you call: the amount, the total remittance, the payment schedule, and the timing. This page shows how to explain them plainly: a 1.30 factor rate on a $50,000 advance means $65,000 in total remittance before fees, and a 10% holdback on $2,000 of daily sales means $200 remitted that day. Walk through the real offer line by line and let the merchant decide without pressure.
Send the signed application first, then the four most recent complete months of bank statements in order, one file per month with every page included. Use the subject format on this page: the merchant business name, your brokerage name, and funding submission. Consistent business names across the application and statements keep the reviewer from pausing to reconcile details you could have aligned before sending.
Look at whether balances stay positive through the month or scrape near zero before each deposit. Underwriting reads average balances as evidence the business can carry a payment schedule on top of rent, payroll, and existing obligations. A merchant with steady balances and few negative days presents a stronger file than the same revenue with frequent overdrafts, so flag strain early and discuss it with your account manager.
Send the four most recent complete months and add a short note naming the busy and slow seasons, so the reviewer reads the pattern instead of guessing at it. Do not wait for a perfect month or send only the strongest statements. A seasonal pattern explained in the file summary is a normal business rhythm; an unexplained dip becomes a follow-up question that slows the decision.
Tell the merchant that funding follows contract execution and required verification, subject to bank processing and cutoff times. Same-day funding may be available for qualifying, complete files, but it is not a promise you can make on the funder's behalf. Confirm the status with your account manager before giving a merchant a funding date, and update the merchant the same day if anything changes.
The high-risk tier exists for merchants with credit challenges, past defaults, or settlements, and those files receive a closer look at current revenue, balances, and existing obligations. Send the complete picture the first time, including the history behind the challenge and the records that show how the business runs today. A candid, complete high-risk file gives underwriting something to work with; a partial one usually ends the conversation.
Confirm the merchant received the funds, knows the payment schedule, and knows who to contact with questions. Note the funded amount, the first payment date, and any renewal timing in your own records while the details are fresh. Merchants who understand their agreement in week one become renewing merchants, and the broker who checks in early is the broker they call first next time.
The merchant's business and operating history, the amount requested and what it will fund, the existing funding obligations, and anything in the statements that needs explaining. Five honest answers in one paragraph save the review its first round of questions.
State what the records show first, then label the merchant's account of it as their explanation. A deposit is a fact; why it arrived is an explanation. Keeping the two apart lets underwriting weigh each one properly instead of discounting both.
It can, as a suggestion, with the reason attached to the merchant's need and payment pattern. The review confirms the product against the full file, so present your view as guidance for the conversation, never as a promise to the merchant.
Name the item, its size, and what it represents: a one-time transfer, a seasonal dip, a tax payment, or a new obligation. Flagging it in the summary with the merchant's explanation turns a potential stall into a documented part of the file.
One short paragraph is enough for most files; a few extra lines for a file with existing advances or an unusual month. If the summary runs past what a reviewer can read in a minute, it has stopped summarizing and started burying.
Your dedicated account manager, at (800) 403-3170 or apply@logicadvancegroup.com. A two-minute question before submission is faster than a stalled review afterward, and it tells you whether the file needs one more document or a different product conversation first.
The business name, the amount requested, the stated purpose, and the existing advances you disclose. When those four agree in every document, the reviewer can judge the file itself instead of pausing to reconcile which version is right.
Use the legal business name from the bank statements as the standard, correct the application to match it, and note any trade name the business also uses. Consistent names keep a reviewer from stopping the file to confirm the documents belong to the same business.
Update the summary before the file moves, and say plainly why the amount changed. A summary describing a different amount than the application asks for is exactly the kind of mismatch that turns a first review into a round of questions.
Compare the purpose with the pattern in the statements: a business funding inventory should show supplier payments, and one funding equipment should show the quote. When the records and the story point the same way, the file reads as one business, honestly described.
You should, in a fixed order, after everything is assembled: names, amounts, dates, and disclosed advances against the statements. If a second person in your office can do that read, even better; fresh eyes catch the mismatch the preparer has stopped seeing.
An amount, a business name, or an existing advance that appears in one document and not another. Each one forces the reviewer to stop and ask which record is right, and every pause is time the merchant spends waiting instead of being decided.
Learn more about the ISO program and published partner testimonials, or register as a partner.
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