Top 5 Merchant Cash Advance Companies to Consider Today

Highlights

• Merchant cash advances (MCAs) let small businesses get money quickly when they need working capital. This can help them handle cash flow or grow their business.
• MCA providers like Credibly, Libertas Funding, and Fora Financial have special funding options with easy repayment plans.
• Most MCA approvals do not need a lot of credit history. This means businesses with low credit scores or a short record can still get help.
• You pay back money based on your credit card sales or business income. This is good for shops or businesses that do not always make the same amount every month.
• The application is simple. You can get the money in as little as one day after your approval.

Introduction

Merchant cash advances are changing the way small businesses get working money. They do not come with the same strict rules found in old-style loans. The MCA is made for people who have the need for money fast. When you go for an MCA, you get a set amount of cash up front. In exchange, you pay back part of your future card sales or your regular business income.

If you want to help your business grow or handle everyday costs, a cash advance can give you the flexibility you need. There are many options, and the terms can be different with each one. So, it is important to pick the one that matches your business goals.

Top 5 Merchant Cash Advance Companies You Should Know About

If your business needs money fast, picking the right MCA lender can really help. These lenders are known for quick approvals and repayment plans that you can change if you need to. This makes them a good pick for small businesses that have cash flow problems. Here are five top MCA companies and the special benefits they bring.

1. Credibly

Credibly gives small businesses a way to get working money quickly. The process is simple. You only need to give your recent bank statements, your identification, and some business papers. If your business brings in at least $15,000 each month and has a credit score that is 500 or higher, you may be able to get help.

Funds are usually put into your account within 24 hours of being approved. You can choose to pay back the loan over three to fifteen months, so it can fit different times of the year when your business changes. If you pay early, you may be able to get a discount. This can help lower the total cost of borrowing.

Credibly is a good choice for businesses that need fast and easy funding. You can get money to buy equipment, pay staff, or cover other costs that come up while you run your business.

2. Libertas Funding

Libertas Funding gives bigger merchant cash advances to companies that make more money. The business can get up to $5 million if they bring in at least $150,000 every month. To apply, you need to have a FICO score of at least 630.

Terms can be from three months to twelve months. You can pay it back on a daily, weekly, or monthly plan, depending on your cash flow. Libertas gives up to 25% off if you pay early.

If you have a business in manufacturing, transportation, or any other industry that needs a lot of money for big equipment, Libertas can help you get the funding you need for urgent costs. If you meet their requirements, you can get same-day funding.

3. Lendio

Lendio is a marketplace. It links your business to more than 75 lenders. You can see and compare different MCA options in one place. You can apply if your business makes at least $10,000 a month. A credit score of 500 is enough to get started.

The online application is simple to use. You can get your money in as little as 24 hours after approval. Some lenders on the platform give you up to 36 months to pay the money back. This gives businesses more options when they have big costs.

Lendio also gives you the chance to get other ways to borrow money, like SBA loans and equipment financing. This can be a good tool to help you look at and compare several funding options.

4. Fora Financial

Fora Financial gives business loans and merchant cash advances. The company works with businesses that have lower credit scores. You will need to have a credit score of at least 500 to apply. Your business must also make at least $15,000 every month.

Businesses can get up to $1.5 million. They pay the money back either every day or once a week. When 60% of the first money they got is paid back, they may be able to get more money.

Fora Financial helps many types of businesses. This includes retail stores and places that give a service. Approval is quick and easy. You can get your money in about two days. The company does not do a hard check on your credit when you apply. This way, your credit score is not harmed.

5. Rapid Finance

Rapid Finance gives you fast and easy ways to get money. You can borrow from $5,000 up to $500,000. How much you get is based on your credit card sales or other money coming in. You can apply online. You will need an ID, a business bank account, and three months of bank statements to finish the process.

Repayment is easy to manage and changes as your business does better or slower over time. Payments come out as a set part of your daily or weekly credit card sales. This way, your payments match even if you have good or slow times during the year.

Rapid Finance is good for businesses that often get paid by credit card and need fast cash. They say you can get an answer in just one day. The company is also known for their great help for customers.

Factors To Consider When Choosing A Merchant Cash Advance Provider

When you pick an MCA provider, there are a few things you should think about:

• Credit requirements: Make sure your business meets the provider’s minimum credit and revenue needs.
• Repayment terms: Look for plans that fit your cash flow.
• Fees and transparency: Choose a provider that shows all costs up front and gives early repayment perks.
• Application process: Go with lenders who make it easy to apply and give fast approval, especially if you need the money soon.

Check lenders on how good their plans fit with your business, the way it is set up, and what your money goals are.

Application And Approval Process

Applying for an MCA is usually simple and quick. To start, you will often need

• Bank statements from the last three months to show cash coming in and going out.
• A current ID and business papers, like lease agreements.

Approval for this is mostly based on your business’s income, not your credit score. If you get approved, you can have the money in one or two days. The payments come out of your daily or weekly sales automatically. This fits how the money comes in, so it helps you not feel pressure in your business budget.

Rates, Fees, And Repayment Terms

Merchant cash advances use a factor rate instead of a normal interest rate. The factor rate is usually between 1.1 and 1.5, based on how risky the business is. Here are some details:

Factor Rate Table

There are no set payments with MCAs, so you have more flexibility when your income goes up or down. Some providers also give early repayment discounts. This can help you lower the total cost of borrowing.

Knowing about factor rates, the fees that come with them, and how lenders look at risk will help you pick the best choice for your needs.

Common Uses For Merchant Cash Advances In The United States

MCAs can help with many different business needs. People use them for several things, like

• Pay for seasonal expenses or handle ups and downs in cash flow.
• Buy inventory or equipment for your business.
• Remodel or fix up your business place.
• Take quick action when a short-term growth chance comes up.

There are usually no limits on how MCA funds can be used. This makes them very easy to use for all kinds of U.S. businesses. They can work well for many industries.

Managing Cash Flow And Seasonal Expenses

Many businesses see changes in their cash flow because of seasonal trends. An MCA gives you the funds you need when business is slow, and payments are taken from your actual sales. This way, you do not feel stressed during months when you make less money.

Retail stores often get MCAs to buy more stock before the holidays. Restaurants use them to hire more workers when it gets busy. The payments change based on your sales, so your business can stay steady with money during the year.

Expanding Or Renovating Your Business

Merchant cash advances can also help your business grow or pay for updates. For example, a restaurant can use this money to change how the inside looks or buy equipment for their work. A business that does well at certain times in the year may use these funds to get new workers or start up in a new place.

Compared to traditional loans, MCAs let businesses get money faster. This helps them act quickly when there are new chances or when the market changes.

Frequently Asked Questions

What Credit Score Do You Need For A Merchant Cash Advance?

MCA providers usually work with people who have low credit scores. Each provider can ask for a score between 500 and 630. These advances focus more on the flow of money coming in and out of the business, not on your credit past. So, they are open to businesses that have little or bad credit.

How Quickly Can You Get Funding From A Merchant Cash Advance Company?

Funding is usually sent within 24 to 48 hours after it gets approved. Businesses that give all the needed documents—like bank statements and revenue numbers—often get faster decisions. Some companies say they can approve and fund in just one day.

Can I Pay Off A Merchant Cash Advance Early?

Yes, some providers allow you to pay early. Doing this might save you money because some give a discount on the total amount you owe if you pay it off before the term ends.

Are Merchant Cash Advances The Same As Loans?

No. A merchant cash advance is not a loan. Instead, it is a purchase of future sales at a discount. This means you get money now and pay it back by giving a percentage of your future credit card or business income until the advance is paid off.

What Happens If My Sales Drop?

Your payments will drop with your sales since repayment is based on a portion of your daily or weekly income. This makes MCAs more flexible than fixed loans, helping your business during slow times.

Written by Josh Brown Updated June 4, 2025 by Albert Fang