Card processing statements show how much you process in card sales—a key factor for restaurant cash advance and restaurant working capital. Providers use them to verify revenue and qualify you. Here's what they look for.
Why Processing Statements Matter
Many restaurant funding products use a percentage of daily card sales for repayment. Providers need to verify your processing volume. Bank statements show deposits; processing statements show the raw card volume. Both help confirm your revenue. See restaurant card processing volume and funding for how volume affects qualification.
What Providers Look For
Monthly processing volume, consistency, and trends. Higher volume often means access to higher amounts. Gaps or sharp drops may affect eligibility. Providers may ask for three to six months. See why lenders ask for six months of statements.
How to Get Them
Your card processor or merchant services provider can supply statements. They're usually available monthly. Have them ready when you apply—it speeds the process. See restaurant bank statement requirements for the full picture.
Key Takeaways
Processing statements verify card sales volume. Providers use them for qualification and amount. Have them ready when you apply.
Frequently Asked Questions
Why do lenders ask for processing statements?
To verify your card sales volume—a key factor for revenue-based funding.
How many months of processing statements do I need?
Three to six months is typical. Requirements vary by provider.
What if I don't have processing statements?
Bank statements may suffice for some providers. Ask what they need.