Bitty Advance Small-Business Loans Review
Bitty Advance offers merchant cash advances ranging from $2,000 to $35,000 in all 50 states. Other lenders may offer funding that meets your needs, too.
Overview
The bottom line:
Bitty Advance offers merchant cash advances ranging from $2,000 to $35,000 in all 50 states. NerdWallet recommends exhausting other options before using MCAs.
Loan details
Min. Loan Amount
$2,000
Max Loan Amount
$250,000
Qualifications
Min. credit score
500
Min. Time in Business
6 months
Min. Annual Revenue
$60,000
Pros & Cons
Pros
Cash can be available quickly.
Borrowers with low credit scores may qualify.
All industries considered.
Cons
No transparency online about interest rates or loan terms.
Must have a business checking account.
Must have $5,000 monthly bank revenue.
Bitty Advance is a Florida-based business loan provider founded in 2018. The company does not accept applications directly; it only takes applications through affiliates and brokers.
Bitty Advance offers merchant cash advances ranging from $2,000 to $35,000 to businesses in all 50 states. Merchant cash advances, or MCAs, are one of the most expensive forms of business funding. NerdWallet recommends exhausting other small-business loans
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Alternatives to Bitty Advance
If you don’t have ideal qualifications or you need cash fast, a merchant cash advance
OnDeck
Best for: Short-term business loan for bad credit.
If you need a bad credit business loan
OnDeck takes term loan applications online or over the phone. Loan amounts range from $5000 to $250000, and the repayments are daily or weekly for up to 24 months. Annual percentage rates range from 31.3% to 99.9% (based on loans originated in the half-year ending Dec. 31, 2024; minimums provided are rates that at least 5% of customers received) .
Read our review of OnDeck’s small-business loans
Bluevine
Best for: Business line of credit with fast funding.
Bluevine is an online lender that offers business lines of credit up to $250000. If you need a fast business loan
Bluevine considers borrowers with bad credit (minimum FICO score of 625), 12 or more months in business and $10,000 a month in revenue. Businesses in Nevada, North Dakota or South Dakota aren’t eligible. The repayment term is 6 months. Read our review of Bluevine business loans
Fundbox
Best for: New businesses in need of financing.
Fundbox is an online lender known for flexible eligibility requirements. It requires a short 3 months in business and $30000 per year in annual revenue to qualify, making it a potential fit for those who want a startup business line of credit
Fundbox also has a fast application process. You can get a decision the same day, and funds may be available the next business day. Payments are weekly for a year or 24 months. Read our review of Fundbox business loans