My credit score is around 510 because of personal issues a few years ago, but my food truck is operating and has been around for about 16 months. I average roughly $14K a month in deposits and have not had NSFs in the last six months. MCA companies keep advertising no-credit-check funding. If the score is not the main thing, what are they using to decide whether to fund me and how much to offer?
No-credit-check usually means credit is not the main gatekeeper, not that the funder ignores risk. They will usually review three to six months of bank statements, deposit consistency, average daily balance, negative days, NSFs, existing MCA pulls, time in business, industry, and sometimes soft-pull credit for bankruptcies, judgments, or major red flags. Your steady deposits and no-NSF streak help, but the real question is whether the daily or weekly payment fits your food truck margins. Before accepting, model the payment against slow weeks, not just average months.