The Best Merchant Cash Advance Companies In 2020

  1. Merchant Advance
  2. The Best Merchant Cash Advance Companies In 2020

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merchant cash advance companies

Merchant cash advance companies are the easiest places to get funding from. They have among the lowest borrower requirements. They are also quite fast. The only problem is they can be pricey. In some cases, they can also have sneaky terms and fees.

The merchant cash advance companies we will go over have a few qualities. First, they offer the speed typical of a merchant cash advance. Second, they have few requirements, so low credit business borrowers can get funding. Beyond that, they all offer generally strong benefits to borrowers. 

Lender Minimum Revenue Time in Business Minimum Credit Next Steps
$10,000/mo 1 year n/a See if you qualify
$15,000/mo 6 months n/a See if you qualify
$100,000/yr 1 year 500+ See if you qualify

The Best Merchant Cash Advance Companies

Main Street Finance Group

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$10,000/mo 1 year n/a See if you qualify

Main Street Finance Group offers a few different loans. But they also offer merchant cash advances that are ideal for small businesses in a few ways.

With Main Street Finance Group, you are mainly going to get larger advances. They offer a high minimum advance of $5,000. But they also offer a maximum advance of $100,000. So, they are not the best merchant cash advance company for small advances. 

Merchant cash advance companies are typically fast. Main Street Finance Group is no exception with its 24 hour approval times. Their 3-step application process is fast and simple, taking only minutes of your time.

To qualify for a Main Street Finance Group Merchant Cash Advance, you need:

  • One year in business
  • At least $10,000 in monthly revenue

Merchant Cash Advance Consolidation

More interestingly, Main Street Finance Group offers a merchant cash advance consolidation advance. This unique offer allows you to bundle any debts you have from other MCAs into one. This can get you a longer repayment term and lower your costs in many cases.

Sky Bridge

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$15,000/mo 6 months n/a See if you qualify

Sky Bridge offers potentially huge merchant cash advances. Amounts range from $5,000 to $500,000. You can also get a repayment term from anywhere from 3 months to one year.

Personal service is what sets SkyBridge apart from other merchant cash advance companies. Typically, only banks make a point of walking you through any financing option they offer. But Skybridge will always match you with a professional loan advisor. This advisor will walk you through any questions or concerns you have. They will also explain your rates and the terms of the loan from start to finish.

Overall, SkyBridge provides fast and strong customer service. You can reach them easily on social media as well, including:

  • Facebook
  • Twitter
  • LinkedIn

To qualify for SkyBridge, you need:

  • Minimum revenue of $15,000 per month
  • 6 months in business

National Funding

Lender Minimum Revenue Time In Business Minimum Credit Next Steps
$100,000/yr 1 year 500+ See if you qualify

National Funding offers merchant cash advances to borrowers with particularly low credit scores. You only need a credit score of 500 to qualify. Even if your credit score falls, you can get loan renewals from them with a credit score of 475.

Like most merchant cash advance providers, National Funding has a fast and simple application process. You should be able to get your funding within the next business day.

The qualifications for National Funding merchant cash advances are:

  • A minimum credit score of 500
  • At least $3,000 per month in credit card sales

Not sure where to go for a business loan? Read these quick & helpful guides:
Check out our preferred marketplace lenders.

Lender Minimum Revenue Time in Business Minimum Credit Next Steps
$10,000/mo 6 mo. 550+ See if you qualify
$10,000/mo 3 mo. n/a See if you qualify
$10,000/mo 3 mo. n/a See if you qualify
$75,000/yr 24 mo. 620+ See if you qualify
Varies Varies 560+ See if you qualify

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