7 Best Merchant Cash Advance Companies for 2025

The best MCA companies are transparent about their products and how they work. However, consider other types of funding before turning to a merchant cash advance.
Merchant cash advance companies provide you with an upfront sum of capital — known as a merchant cash advance — that you repay using a percentage of your debit and credit card sales, plus fees.
Generally, you’ll want to consider all other types of small-business loans before turning to a merchant cash advance (MCA) because this product is expensive and can lead to a harmful cycle of debt. If you’re thinking about an MCA, however, it’s important to understand your options and know what to look for in a provider.
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Best Merchant Cash Advance Companies

Loan NerdWallet rating Best For Max loan amount Min. credit score Next steps
Forward Financing - Merchant cash advance

Forward Financing - Merchant cash advance

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Best for same-day approvals

$300,000

500

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Pros

  • Can be approved for financing within the same business day.
  • Simple application process with minimum documentation.
  • Can be used to build business credit.
  • No prepayment penalties.

Cons

  • Daily or weekly payments required.
  • Charges an origination fee.
Fora Financial - Revenue advance

Fora Financial - Revenue advance

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Best for strong revenue

$1,500,000

570

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Pros

  • Large advance amounts available.
  • No physical collateral required.
  • Prepayment discounts available.

Cons

  • Charges one-time processing fee.
  • UCC lien may be required.
Giggle Finance - Merchant cash advance

Giggle Finance - Merchant cash advance

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Best for self-employed individuals

$10,000

300

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Pros

  • No minimum credit score requirement.
  • Same-day funding available.
  • Specifically designed for freelancers and self-employed individuals.

Cons

  • Funding maxes out at $10,000 ($20,000 for repeat customers).
  • Factor rate and fee information not available on website.
  • Charges an origination fee.
Rapid Finance - Merchant cash advance

Rapid Finance - Merchant cash advance

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Best for low fees

$500,000

600

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Pros

  • No prepayment penalties or other fees.
  • Can be approved with a credit score as low as 600.

Cons

  • Daily or weekly payments.
  • Lengthy time in business requirement.
Fundomate- Business funding

Fundomate- Business funding

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Best for flexible repayment

$500,000

600

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Pros

  • Cash can be available in as little as 24 hours.
  • Can get a discount for prepaying your loan.

Cons

  • Rates can be high compared with traditional banks.
  • May have to pay an origination fee.
Expansion Capital Group - Merchant cash advance

Expansion Capital Group - Merchant cash advance

with Fundera by NerdWallet

Best for startups

$300,000

500

with Fundera by NerdWallet

Pros

  • Simple application with minimal documentation required.
  • Low minimum credit score requirement.
  • Daily or weekly repayment available.
  • Offers prepayment discounts.

Cons

  • Business assets required as collateral in some cases.
  • Factor rate and fee information not available on website.
  • Charges an origination fee and a monthly servicing fee.
Uplyft Capital- Merchant cash advance

Uplyft Capital- Merchant cash advance

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Best for bad credit

$500,000

475

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Pros

  • Funding in as little as 24 to 48 hours.
  • Low minimum credit score requirement.
  • Startups may qualify.
  • No personal guarantee required.

Cons

  • MCAs charge factor rates which makes it difficult to understand the true cost of financing.
  • Only directly funds MCAs.
  • Cost information not available on website.
Loan NerdWallet rating Best For Max loan amount Min. credit score Next steps
Forward Financing - Merchant cash advance

Forward Financing - Merchant cash advance

with Fundera by NerdWallet

Best for same-day approvals

$300,000

500

with Fundera by NerdWallet

Fora Financial - Revenue advance

Fora Financial - Revenue advance

with Fundera by NerdWallet

Best for strong revenue

$1,500,000

570

with Fundera by NerdWallet

Giggle Finance - Merchant cash advance

Giggle Finance - Merchant cash advance

with Fundera by NerdWallet

Best for self-employed individuals

$10,000

300

with Fundera by NerdWallet

Rapid Finance - Merchant cash advance

Rapid Finance - Merchant cash advance

with Fundera by NerdWallet

Best for low fees

$500,000

600

with Fundera by NerdWallet

Fundomate- Business funding

Fundomate- Business funding

with Fundera by NerdWallet

Best for flexible repayment

$500,000

600

with Fundera by NerdWallet

Expansion Capital Group - Merchant cash advance

Expansion Capital Group - Merchant cash advance

with Fundera by NerdWallet

Best for startups

$300,000

500

with Fundera by NerdWallet

Uplyft Capital- Merchant cash advance

Uplyft Capital- Merchant cash advance

with Fundera by NerdWallet

Best for bad credit

$500,000

475

with Fundera by NerdWallet

Best Merchant Cash Advance Companies

Forward Financing - Merchant cash advance

Best for same-day approvals

Max loan amount
$300,000

Min. credit score
500

Min. annual revenue
$120,000

with Fundera by NerdWallet

Forward Financing - Merchant cash advance

Best for same-day approvals

Max loan amount
$300,000

Min. credit score
500

Min. annual revenue
$120,000

with Fundera by NerdWallet

Fora Financial - Revenue advance

Best for strong revenue

Max loan amount
$1,500,000

Min. credit score
570

Min. annual revenue
$240,000

with Fundera by NerdWallet

Fora Financial - Revenue advance

Best for strong revenue

Max loan amount
$1,500,000

Min. credit score
570

Min. annual revenue
$240,000

with Fundera by NerdWallet

Giggle Finance - Merchant cash advance

Best for self-employed individuals

Max loan amount
$10,000

Min. credit score
300

Min. annual revenue
$18,000

with Fundera by NerdWallet

Giggle Finance - Merchant cash advance

Best for self-employed individuals

Max loan amount
$10,000

Min. credit score
300

Min. annual revenue
$18,000

with Fundera by NerdWallet

Rapid Finance - Merchant cash advance

Best for low fees

Max loan amount
$500,000

Min. credit score
600

Min. annual revenue
$120,000

with Fundera by NerdWallet

Rapid Finance - Merchant cash advance

Best for low fees

Max loan amount
$500,000

Min. credit score
600

Min. annual revenue
$120,000

with Fundera by NerdWallet

Fundomate- Business funding

Best for flexible repayment

Max loan amount
$500,000

Min. credit score
600

Min. annual revenue
$120,000

with Fundera by NerdWallet

Fundomate- Business funding

Best for flexible repayment

Max loan amount
$500,000

Min. credit score
600

Min. annual revenue
$120,000

with Fundera by NerdWallet

Expansion Capital Group - Merchant cash advance

Best for startups

Max loan amount
$300,000

Min. credit score
500

Min. annual revenue
$100,000

with Fundera by NerdWallet

Expansion Capital Group - Merchant cash advance

Best for startups

Max loan amount
$300,000

Min. credit score
500

Min. annual revenue
$100,000

with Fundera by NerdWallet

Uplyft Capital- Merchant cash advance

Best for bad credit

Max loan amount
$500,000

Min. credit score
475

Min. annual revenue
$102,000

with Fundera by NerdWallet

Uplyft Capital- Merchant cash advance

Best for bad credit

Max loan amount
$500,000

Min. credit score
475

Min. annual revenue
$102,000

with Fundera by NerdWallet

How to choose a merchant cash advance company

You’ll want to research and vet several merchant cash advance companies before deciding which one is right for your business.
Some MCA companies have been criticized for confusing contracts and misleading sales tactics — leading businesses to fall victim to cycles of expensive debt that are difficult to break.
Although some states have taken legal action to require transparency from MCA companies in recent years, predatory lenders still try to take advantage of business owners, promising things like “guaranteed approval” or “business loans with no credit check.”
Not all merchant cash advance companies are bad actors, but it’s important to watch for red flags — and look elsewhere if an offer doesn’t seem right.
As you compare MCA providers, consider these factors:
Merchant cash advance companies have different maximum funding amounts. You should confirm that the provider’s requirements are in line with what you’re looking for.
MCAs are one of the most expensive forms of business financing with annual percentage rates (APRs) that can potentially reach 350%. MCA companies charge fees as factor rates instead of APRs or simple interest rates which can make it more difficult to understand borrowing costs.
You can translate a factor rate into an APR by using an MCA calculator. Also, ask the company if it charges additional fees — like underwriting fees or setup fees — and include those in your APR calculations as well.
MCA companies typically require automatic deductions from your debit and credit card sales or withdrawals from your business bank account. If you have a preference, confirm that the option is offered by the provider.
Providers often require daily or weekly repayments, but in some cases you may find a provider that offers biweekly or monthly repayments.
Compared with more traditional small-business lenders, merchant cash advance companies typically have flexible eligibility requirements. These companies consider your personal credit score, time in business and annual revenue — but they’ll often be willing to work with startups and business owners with bad credit .
Many MCA companies prioritize your debit and credit card sales or monthly bank activity when underwriting your application because you’ll be using your sales to repay your advance. Typically, the stronger your credentials, the lower the factor rate you’ll receive on funding.
Most MCA companies offer simple applications with minimal documentation. You can usually apply and receive funding within a few business days. Some providers offer dedicated account managers to walk you through the process, which could be helpful if you prefer a more personalized experience.
Look for a merchant cash advance company that is upfront about its products and the way its process works. Ideally, the company offers multiple ways for you to contact customer service — and you receive straightforward answers to your questions.
If you receive an MCA agreement from a provider, it should clearly lay out terms and conditions, fees and repayment information. Additionally, reading reviews can help you verify the reputation and reliability of a merchant cash advance company.
Many MCA companies request or require you to sign a confession of judgment at closing, which is an agreement that allows an MCA company to file a judgment against you in court without letting you know. If granted, this judgement means the company can start collecting on debt — which includes seizing your business assets — without notifying you.
If you can, find out if your MCA company requires this document before you move forward with an application. If it is a requirement, that alone may be a reason to look elsewhere.

What is a merchant cash advance?

A merchant cash advance is an alternative form of business financing based on a business’s credit and debit card sales. A merchant cash advance company offers a lump sum of money to businesses in exchange for a portion of their future sales revenue. Advances can range from a few thousand dollars to $5 million or more.
Merchant cash advances are also referred to as business cash advances and business payday loans.

How does a merchant cash advance work?

  • Automatic repayments. Borrowers are typically set up for automatic repayments through a percentage of their debit and credit card sales or withdrawals from their business bank account. These payments are typically made daily or weekly.
  • Factor rates. MCA companies charge a factor rate instead of an interest rate. For example, an advance of $50,000 with a factor rate of 1.2 would require a total repayment of $60,000 ($50,000 x 1.2 = $60,000).
  • Additional fees . In addition to a factor rate, you may also pay charges such as underwriting, administration, setup or service fees. And some MCA lenders offer prepayment discounts if you repay the advance early.
  • Term lengths. Term lengths vary by lender, but generally run from three to 24 months. In some cases, the MCA company may advance you additional funds if you’ve paid off a portion of the original advance.

How to improve your chances of getting traditional financing

Review your credit history
Reviewing your personal and business credit reports for accuracy and then removing errors or outdated information can often help raise your credit scores.
There are also steps you can take to build your business credit score that may make it easier to get traditional financing. This may include applying for an employer identification number, setting up trade credit with your suppliers or applying for a business credit card.
Offer collateral
A borrower who offers collateral — an asset such as equipment, a vehicle or real estate — may find it easier to get approved by a lender. Lenders look to minimize the chances that a loan won’t be repaid. They assess risk based on a borrower’s credit, time in business, business revenue and other factors. The lender’s risk can be lowered by offering an asset that can be seized if you default on the loan.
Add a cosigner
If you’re having difficulty getting approved for traditional financing, adding a cosigner may help you avoid MCA financing. When someone agrees to be a cosigner on a business loan, they agree to make payments on the loan if you don’t. Having two guarantors on a loan can reduce the risk to the lender and improve your chances of getting approved.
A cosigner with excellent credit, strong income and assets would typically work to your benefit when applying for a loan. But remember that if you default on the loan, the cosigner’s finances will be affected along with your own.

Alternatives to merchant cash advance companies

It’s worth exploring other options besides merchant cash advances, which can include:
If you need fast financing, or are struggling to qualify for a loan because of credit challenges, online loans may be a better option than MCA financing. These short-term loans will have a set repayment period, and although they may require frequent payments, they will likely have a lower overall cost than MCAs.
Business-to-business companies that are struggling to qualify for other loan options might consider invoice factoring.
Invoice factoring allows you to sell your unpaid invoices to a factoring company at a discount. You receive an advance of cash and the factoring company takes responsibility for collecting repayment from your customers. Once your customers have paid, the factoring company sends you the difference, minus the agreed-upon fees.
Because factoring companies prioritize the value of your invoices and creditworthiness of your customers when evaluating your application, invoice factoring can be easier to qualify for than more traditional loan options, even if you’re a new business or have bad credit.
While business credit cards can have higher APRs than business loans, they can still come at a lower cost than an MCA. Business credit cards can be more lenient than traditional loans when it comes to time in business requirements, and can help cover gaps in cash flow while you build your time in business and your business credit history.
Also, they often offer ongoing rewards and other benefits to the cardholder.
Last updated on March 27, 2025