Upload a merchant's bank statements and get the numbers a funder decides on: true monthly revenue, average daily balance, NSF and negative days, and every existing advance grouped by funder with its daily debit.
Upload a document to extract
Drop files here or click to upload
Up to 50 files
Uploading...
Upload a bank statement and watch the analysis run live, free, no signup required.
MCA underwriting is a bank statement exercise. A funder looks at three to six months of business statements, works out what the merchant really earns, checks whether the account can carry one more daily or weekly debit, and finds every advance already pulling money out. Credit score matters less than it does anywhere else in small business lending. The statements decide the deal.
Done by hand, that review takes an analyst 30 to 90 minutes a file. Most of the time goes on three tasks: stripping transfers, loan proceeds and reversals out of the deposit column, counting NSF items and negative days month by month, and reading the debit column line by line for ACH descriptors that belong to other funders. Miss one stacked position and the offer is sized on cash the merchant does not have.
LenderAnalyzer reads the statements, text PDF or scan, balances every transaction to the printed opening and closing figures, and returns those numbers as a summary your underwriter can check against the source lines. Funders use it to decide faster. ISOs and brokers use it to screen a merchant before a submission goes out, so fewer deals come back declined.
Below is what the software computes, how it fits a funder or ISO workflow, and how the MCA underwriting tools on the market compare on published price and on what each leaves to your analysts.
Every figure on the summary links back to the transactions it came from, so an underwriter can confirm a number instead of trusting it.
Gross deposits overstate revenue on most MCA files. The summary separates operating income from transfers between the merchant's own accounts, loan and advance disbursements, refunds, chargeback reversals, tax refunds and owner cash injections. Each excluded credit is listed with its reason, so the monthly revenue figure is one you can defend to a syndicate partner or a credit committee.
Average daily balance is calculated from the running balance for each calendar day, not from the opening and closing figures, which can hide a mid-month collapse. You see the monthly ADB, the low point and how many days the account sat under a threshold you set, which is the check that tells you whether a daily remittance will clear.
An NSF is a returned item and a fee. A negative day is an account that dipped below zero and recovered. Most funder credit boxes cap both, and they mean different things, so the summary counts each per month with the dates attached. A merchant with 2 NSFs and 11 negative days is a different risk from one with 11 NSFs and 2 negative days.
Recurring daily and weekly ACH debits are grouped by counterparty and matched against funder descriptors, so each open advance shows up with its payment amount, frequency and first date seen. The combined daily burden is totaled. A position that is on the statements but not on the application is the most common reason an MCA file should stop, and here it sits on page one of the summary.
Before any metric is trusted, the extracted transactions are reconciled to the printed balances. A statement that does not tie out is flagged rather than passed through, which is how a missing page, a misread amount or an edited figure gets caught. Suspicious patterns such as round-number deposits and duplicated lines are marked for review.
Once true revenue and existing debits are known, sizing is arithmetic against your policy. If a merchant clears $62,000 a month in true revenue and already remits $410 a day to two funders, you can see what share of daily deposits is committed before you add a third remittance. The summary gives the inputs; your credit box sets the limit.
Upload a deal's full statement set in one batch and each month comes back parsed and summarized, with gaps in the months or an unexpected second account made visible. ISOs screen merchants before submitting. Funders triage the daily submission queue and route only the clean files to a senior underwriter. Results export to Excel, CSV or JSON, and the REST API posts statements from your CRM.
LenderAnalyzer is the underwriting analysis, not a funder platform. It does not generate contracts, run daily ACH collections, pay syndicates or manage ISO commissions. Funders pair it with an MCA CRM or servicing system for that side of the business, and send the summary into the deal record through the export or the API.
Prices are each vendor's own published figures from its pricing page or store. Units differ, so the last column matters as much as the price.
Swipe sideways to see the full comparison
| Tool | What it computes | Published price | What it leaves to you | Best for |
|---|---|---|---|---|
| LenderAnalyzer This page | True revenue, ADB, NSFs, negative days, existing positions by funder, out-of-balance flags | From $99/mo for 2,500 pages; Plus $199/mo for 10,000; volume and enterprise tiers | Contracts, collections and syndication | Funders and ISOs who want the full statement analysis per deal |
| Statement Shield | AI statement analysis, risk assessment and a recommended funding range | Starter $99/mo for 50 statements, Professional $299/mo for 200, Enterprise $799/mo unlimited; $2 per extra statement | Integrations quoted from $2,500 | Brokers screening merchants before submission |
| ClearStaq | Parsed statements with MCA position detection, fraud scoring and income analysis | StaqCore $99/mo for 150 credits, StaqPro $249/mo for 500, StaqScale $699/mo for 2,000 | Tax returns and financial statements | MCA funders focused on fraud and stacking |
| MoneyThumb PDF Insights | Scorecard with 75+ transaction categories, true revenue and counterparty checks, plus Thumbprint fraud detection | Pricing page says from $599.95 a year; charged per monthly statement, not per page | Deal-level workflow outside the scorecard | Funders who want prepaid packs with fraud checks bundled |
| Ocrolus | Lending-grade extraction plus cash flow, income and fraud analytics | Not published; sales quote | Price transparency for small teams | Larger funders standardizing on one vendor |
| Heron Data | Broker submission intake, transaction enrichment, revenue and debt detection | Not published; quote-based, scaled to monthly deal volume | Price transparency for small teams | Higher-volume funders automating broker intake |
| Manual review | Whatever the analyst has time to check | Analyst time, about 30 to 90 minutes a file | Everything | Very low deal volume |
Comparison compiled by LenderAnalyzer from public vendor materials; see the date noted above each table. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
MCA underwriting is how a merchant cash advance funder decides whether to buy a share of a business's future receivables and how much to offer. It rests on three to six months of bank statements: true revenue, average daily balance, NSF and negative days, and existing advances. Credit score and time in business are secondary checks.
A manual review of three to six months of statements usually takes an analyst 30 to 90 minutes, and most funders return a decision within a few hours to a day. With underwriting software the statement analysis itself takes minutes, so the time left is the underwriter's judgment and any follow-up questions to the merchant.
They look at consistent monthly revenue after removing transfers and loan proceeds, the average daily balance, how often the account overdraws, the number of NSF items, and every existing advance or loan payment in the debit column. Industry, time in business and owner credit are checked too, but the statements carry most of the decision.
Most funders ask for the last three to six months of business bank statements, plus the current month to date. Larger advances and seasonal businesses often need twelve months. If the merchant runs more than one operating account, the funder wants statements for each, because revenue and existing debits can sit in either.
It depends on your volume and what you want back. Statement Shield and ClearStaq publish entry plans at $99 a month for brokers and small funders, MoneyThumb sells prepaid statement packs, and Ocrolus and Heron Data quote larger funders. LenderAnalyzer computes revenue, ADB, NSFs and stacked positions per deal from $99 a month.
Published entry prices sit around $99 a month. Statement Shield starts at $99 for 50 statements, ClearStaq at $99 for 150 credits, LenderAnalyzer at $99 for 2,500 pages, and MoneyThumb lists packs from $599.95 a year. Ocrolus and Heron Data do not publish prices. Compare the cost of a typical four-month deal, not the plan price.
AI can do the statement work reliably: parse each transaction, separate revenue from transfers, count NSFs and negative days, and find recurring funder debits. The final decision, the offer size and exceptions to policy stay with an underwriter. The practical gain is that analysts spend their time on judgment instead of on reading debit columns.
They read the debit column for fixed daily or weekly ACH payments to financing companies, often under generic descriptors, and compare what they find against the positions the merchant disclosed. Software groups recurring debits by counterparty and totals the daily burden, so an undisclosed second or third position shows up before funding.
Yes. ISOs use it to screen a merchant before submitting, so they know the true revenue, balance behavior and existing positions a funder will see. That cuts declines, avoids submitting a file that will be stacked into trouble, and lets the ISO match the deal to a funder whose credit box actually fits.
Yes. The tool at the top of this page runs on a real statement, so you can see the extracted transactions and the underwriting summary before creating an account. Paid plans start at $99 a month, with volume and enterprise tiers for funders working a daily submission queue.
How credit teams run these calculations by hand, so you can see exactly what the software automates.
The wider MCA toolset, from holdback sizing to the API.
Undisclosed positions grouped by funder with daily debits.
Edited and fabricated statements flagged before funding.
How the tools differ and how to pick for your deal volume.
How funders read revenue, balances and positions.
Every published PDF Insights and Thumbprint pack.
The same statement analysis for RBF funders.
Why funders count them separately.
Analyze your first statements free, plans from $99/month, 50% off billed annually.
