7 Best Merchant Cash Advance Companies for 2026
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.
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| Lender | NerdWallet rating | Best For | Max loan amount | Min. time in business | Min. interest rate | Term length | Learn more |
|---|---|---|---|---|---|---|---|
 with Fundera by NerdWallet | Read expert review | same-day approvals | $500,000 | 12 months | Undisclosed | 3 to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | bad credit | $500,000 | 6 months | Undisclosed | 6 to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | self-employed individuals | $10,000 | 3 months | Undisclosed | Up to 6 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | flexible repayment | $500,000 | 12 months | 18% | Up to 18 months | with Fundera by NerdWallet | |
 with Fundera by NerdWallet | Read expert review | strong revenue | $1,500,000 | 6 months | Undisclosed | Up to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | low fees | $500,000 | 3 years | Undisclosed | 3 to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | startups | $300,000 | 6 months | Undisclosed | Undisclosed | with Fundera by NerdWallet |
best merchant cash advance companies: More details
Forward Financing : Best for same-day approvals
Forward Financing provides funding to borrowers with a minimum credit score of 500. If approved, you may be able to receive funds the same day that you sign your agreement. Borrowers may also be able to quickly tap into additional funds after paying back at least half of their current cash advance.
Forward Financing - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
500
Term length
3 to 18 months
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.
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.
with Fundera by NerdWallet
Uplyft Capital: Best for bad credit
Uplyft Capital stands out for its flexible qualification requirements. You may qualify for an advance with a credit score as low as 475 — the lowest minimum among MCA companies on this list. Businesses with at least six months in operation may also qualify. The company offers three tiers of funding, but you may have to pay a $695 funding fee, plus an origination fee.
Uplyft Capital- Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
475
Term length
6 to 18 months
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.
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.
with Fundera by NerdWallet
Giggle Finance: Best for self-employed individuals
Giggle Finance offers fast funding designed specifically for freelancers, contractors, online sellers and other self-employed individuals. There is no minimum credit score requirement to qualify. Solopreneurs can also qualify with just three months in business. Just watch out for high origination fees.
Giggle Finance - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$10,000
Min. credit score
300
Term length
Up to 6 months
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.
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.
with Fundera by NerdWallet
Fundomate: Best for flexible repayment
Fundomate offers a daily, weekly or biweekly repayment schedule. You can get your advance as quickly as 24 hours after approval, which you’ll have to pay back within 18 months. And if you can repay your advance ahead of schedule, you may get a prepayment discount.
Fundomate- Business funding
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
600
Term length
Up to 18 months
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.
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.
with Fundera by NerdWallet
Fora Financial: Best for strong revenue
Fora Financial offers advances as high as $1.5 million. To qualify with Fora, you need a minimum credit score of 570, six months in business and $20,000 in monthly revenue. After paying back at least 60% of your initial advance, you may be able to borrow again. Fora’s MCA also comes with early repayment discounts and factor rates as low as 1.13.
Fora Financial - Revenue advance
with Fundera by NerdWallet
Max loan amount
$1,500,000
Min. credit score
570
Term length
Up to 18 months
Pros
- Large advance amounts available.
- No physical collateral required.
- Prepayment discounts available.
Cons
- Charges one-time processing fee.
- UCC lien may be required.
Pros
- Large advance amounts available.
- No physical collateral required.
- Prepayment discounts available.
Cons
- Charges one-time processing fee.
- UCC lien may be required.
with Fundera by NerdWallet
Rapid Finance: Best for low fees
Rapid Finance does not charge an origination fee, maintenance fees or prepayment penalties, which can help bring down the overall cost of financing. Factor rates can be as low as 1.12, but you’ll need to have at least three years in business to qualify, and customer service may be spotty.
Rapid Finance - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
600
Term length
3 to 18 months
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.
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.
with Fundera by NerdWallet
Expansion Capital Group: Best for startups
You may be able to qualify for an MCA from Expansion Capital with a minimum of $8,333 in monthly revenue, a credit score of 500 and six months in business, making it a good choice for startup businesses with limited revenue.
Expansion Capital Group - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$300,000
Min. credit score
500
Term length
Undisclosed
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.
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.
with Fundera by NerdWallet
How to choose a merchant cash advance company
If you can’t qualify for a small-business loan, a merchant cash advance (MCA) may be an option.
But you’ll want to research and vet several merchant cash advance companies before deciding which one is right for your business.
As you compare MCA companies, 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.
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.
MCA companies 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 don’t pay back your advance in time.
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.
Watch for predatory practices
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 “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.
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Reputable MCA companies are transparent about how their products work. This includes being upfront about the factor rate you will receive, additional fees they charge and repayment requirements for the advance. You shouldn’t feel pressured to sign an MCA agreement, especially if you don’t have a clear understanding of your obligations under the contract. Nerdy Tip
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 companies 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.
» MORE: Merchant cash advance calculator
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.
» MORE: Business loans for bad credit
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 a hard time getting approved for traditional financing, adding a cosigner may help you avoid an MCA. When someone agrees to be a cosigner on a business loan, they agree to make payments on the loan if you don’t. This 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 if you default on the loan, the cosigner’s finances will be affected along with your own.
Alternatives to merchant cash advance companies
Here are some other options worth exploring:
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 typically have a lower overall cost than MCAs.
» MORE: Best short-term business loans
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 remaining balance, minus the agreed-upon fees.
Factoring companies prioritize the value of your invoices and creditworthiness of your customers when evaluating your application. That’s why invoice factoring can be easier to qualify for than 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 January 5, 2026
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Frequently Asked Questions
Merchant cash advances are one of the most expensive forms of business financing. Factor rates typically range from 1.1 to 1.5, but can translate into APRs that range from 40% to 350%. Your total cost, however, will depend on the amount advanced, the factor rate and other fees charged by the MCA company.
Simply having a merchant cash advance on your credit report won’t negatively impact your credit; however, they are an expensive form of financing that can trap you in a harmful cycle of debt, eat away your cash reserves and even result in a judgment. These consequences can all impact your credit.
