Why should I trust your ranking?

We're a referral platform, not a funder. We make money when merchants fund through our partners — which means we have a direct incentive to send them to funders that actually approve and fund cleanly. A funder that fails to fund our referrals costs us money. That alignment isn't perfect, but it's better than a media-only ranking with no skin in the game.

How is this different from Lendio or NerdWallet's ranking?

Two ways. First, we publish funder-specific watch-outs that media rankings sanitize (commission opacity, hidden clawback windows, ISO program bars). Second, we update based on what we actually see in our routing data — not on what the funders' marketing teams want featured.

What's a 'factor rate' and why does it matter more than APR?

A factor rate is a flat multiplier (1.30 = repay $130K on $100K). It's how MCA pricing is quoted. APR is the annualized cost. A 1.30 factor over a 12-month daily-ACH term works out to roughly 50% APR-equivalent. Most funders quote factor; five states now require APR-equivalent disclosure on every offer letter.

What if I don't qualify for any of these?

Take the fundability quiz at /quiz/are-you-fundable — it'll tell you which tier you're in (A/B/C/D-paper) and either route you to a fitting funder or recommend you fix bank-statement signals first. The honest answer for some merchants is 'wait 60 days, then re-apply.'

Does the ranking change?

Yes — every quarter as we route more deals and funder behavior shifts. The 2026 ranking will update by Q3 2026 based on real outcomes from this year.

← Fundnode

Funder ranking · 2026

Best MCA funders 2026 — an honest ranking.

Ten merchant cash advance funders ranked by what actually matters: speed, factor rate range, qualification bar, and the honest watch-outs. From the platform that routes deals — not the funders' marketing pages.

Fundnode EditorialMay 18, 2026Updated May 29, 202612 min read

TL;DR

Best overall MCA funder for 2026: Credibly (modern API, transparent disclosures, $600K cap). Best for B/C-paper merchants: Greenbox Capital or Accord Business Funding. Cheapest A-paper money: OnDeck term loan. Below: the full ranking with factor rate ranges, qualification bars, and the watch-outs each funder doesn't put in their marketing.

At a glance — all ten compared

The fastest read. Scroll down for the deep dive on each.

Rank	Funder	Best for	Cost	Speed	Min revenue
#1	Credibly	Modern API, transparent A-paper terms	Factor 1.11+ (MCA); APR varies for term + LOC	As fast as 4 hours	$15,000
#2	Greenbox Capital	Broad product line + highest publicly stated broker commission	Factor varies; published up to 19% ISO commission	24 – 48 hours	$15,000
#3	Accord Business Funding	B/C-paper merchants with renewal upside	Factor varies by paper grade (often 1.40+)	Next-day for approved files	Flexible — no published floor
#4	Bluevine	Cheapest revolving capital if you qualify	APR 6.2% – 27%	1 – 3 business days	$10,000
#5	OnDeck	Cheapest term-loan tier across alternative lenders	Term APR 27%+; LOC APR 30%+	Same-day for approved files	$8,000
#6	Fundbox	Lower-bar LOC for thinner-file merchants	Weekly fee structure; APR-equivalent typically 30–60%	As fast as 1 day	$8,000
#7	NewCo Capital Group	A-paper restaurants and high-volume single-location merchants	Factor competitive for A-paper; not publicly disclosed	Approval in 3 hours; funding in 24–48 hours	$100,000
#8	Rapid Finance	Embedded lending into vertical SaaS	Up to 5% of financing per archived partner page; APR varies	Same-day to 3 days	$10,000
#9	Greenvest Funding	Larger-ticket deals with broker protections	Factor varies; large-ticket pricing	Same-day disbursement available	$100,000
#10	CFG Merchant Solutions	Compliance-clean operations + larger deals	3–5% origination fees; no PSFs per industry reports	24–48 hours	$25,000
#11	Toast Capital	Toast POS restaurants wanting embedded funding	Factor 1.13 – 1.36 (single fee, no compounding)	Funds in 1 – 3 business days after approval	Toast POS volume drives offers — typically $10,000+/mo processed
#12	Square Capital	Square sellers wanting one-click loans from POS history (rebranded Square Loans in 2021)	Single fixed fee (typically 10 – 16% of loan amount); no APR / no compounding	Funds as soon as next business day	Square cites $10,000+/year in Square card sales as the baseline; meaningful offers typically need steady monthly volume well above that
#13	Forward Financing	Small businesses needing speed plus reasonable factor on B-paper deals	Factor 1.18 – 1.45 depending on paper grade	Same-day to 24-hour funding for clean files	$10,000
#14	Fora Financial	Volatile revenue businesses that other funders decline	Factor 1.15 – 1.40+; renewal discount up to 5% on second deals	Funding in 72 hours for typical files	$12,000
#15	Reliant Funding	C-paper merchants who got declined elsewhere	Factor 1.30 – 1.55 typical; higher for D-paper	Funding in 24 – 48 hours	$15,000
#16	Lendr	Merchants wanting product flexibility within one underwriting	Factor 1.18 – 1.42 (MCA); APR varies for term and LOC	Funding in 24 hours for approved files	$15,000
#17	Kalamata Capital	Mid-market MCA deals in the $50K-$500K range	Factor 1.22 – 1.45 depending on paper grade	Funding in 48 – 72 hours	$25,000
#18	Libertas Funding	Larger MCA advances ($250K-$2M) with custom terms	Factor varies by deal; typical 1.20 – 1.42	Funding in 24 – 72 hours after approval	$25,000
#19	Lendio	Shopping multiple lenders with one application	Varies by underlying lender; LOC APRs from 8%, MCA factors from 1.10	Offers in 15 minutes; funding 24 hours to several weeks	$8,000
#20	Fundera (by NerdWallet)	NerdWallet-backed lender comparison with consumer trust signals	Varies — SBA APRs from 7%, term loans from 12%, MCAs from 1.10 factor	Pre-qualification in minutes; funding 1-30 days depending on lender	$10,000
#21	Nav	Comparing funding options alongside your business credit score	Varies; shows pre-qualified offers based on your profile	Pre-qualification immediate; funding varies	Any
#22	Biz2Credit	Marketplace + direct lending combined; CRE and franchise focus	Varies; SBA from prime+2.75%, term from 7%, MCA from 1.10	Offers in 24-72 hours	$12,500
#23	Wayflyer	E-commerce brands with strong platform sales data (Shopify, Amazon)	Single fee 3 – 8% of advance; effective cost varies by repayment speed	Funding in 24 hours	$20,000
#24	Clearco	Direct-to-consumer brands needing capital without equity dilution	Single fee 6 – 12% of advance	Funding in 1 – 5 business days	$10,000
#25	PayPal Working Capital	Active PayPal sellers wanting embedded financing	Single fixed fee disclosed at offer (typically 8 – 18% of advance)	Funding in minutes once accepted	$15,000 in PayPal sales (typical)
#26	Stripe Capital	Stripe-using businesses wanting embedded financing	Single fixed fee disclosed at offer (typically 5 – 18%)	Funds same business day for eligible merchants	Stripe processing volume drives offers
#27	Shopify Capital	Shopify merchants — embedded inventory and growth financing	Single fixed fee — typical 5 – 14% of advance	Funds in 2 – 5 business days after acceptance	Shopify GMV drives offers — typically $10K+/mo
#28	Live Oak Bank	SBA 7(a) and 504 loans for niche industries	SBA 7(a) APR prime + 2.75% to 4.75%; 504 fixed long-term rates	30 – 90 days underwriting (SBA standard)	$20,000+
#29	Bankers Healthcare Group (BHG)	Healthcare practitioners (MD, DDS, DVM) — practice financing	Term loan APR 12 – 22%; LOC APR varies	Funding in 3 – 7 business days	$15,000+
#30	CAN Capital	Established MCA provider with 25+ year track record	Factor 1.18 – 1.45 typical	Funding in 1 – 3 business days	$10,000
#31	Uplyft Capital	Fast-funding MCA alternative for B/C-paper merchants	Factor 1.25 – 1.50 typical	Funding in 24 hours for clean files	$10,000
#32	Funding Circle	Established merchants wanting longer-term term loans (vs MCA)	APR 11.29% – 30.12% (fixed term loan)	Funding in 1 – 3 business days after approval	$13,000
#33	Bank of America Small Business	Established merchants with BofA banking relationship	SBA 7(a) APR prime + 2.75% to 4.75%; term loans 7 – 25%	Pre-qualification minutes; funding 5 – 60 days	$10,000
#34	JPMorgan Chase Business	SBA loans + business credit lines for Chase customers	SBA 7(a) APR prime + 2.75% to 4.75%; LOC APR 9% – 20%	Pre-qualification minutes; funding 5 – 60 days	$15,000+
#35	Wells Fargo Small Business	SBA + traditional bank loans for Wells Fargo customers	SBA 7(a) APR prime + 2.75% to 4.75%; LOC 9 – 22% APR	Pre-qualification minutes; funding 5 – 60 days	$10,000
#36	American Express Business Blueprint	Amex Business cardholders wanting integrated working capital	Monthly fee 3-9% (effective APR 15-50%)	Funding in 1 – 3 days for eligible Amex Business customers	$3,000
#37	PNC Business Credit	Mid-market businesses with PNC banking relationship	SBA 7(a) APR prime + 2.75% to 4.75%; term 7-20% APR	Underwriting 30-60 days standard	$25,000+
#38	Capital One Business	Business credit cards + SBA + term loans	Business credit card APRs 18-30%; term loans 7-20%	Credit cards instant; loans 5-30 days	$8,000+
#39	National Funding	Established alternative lender with broad industry acceptance	Factor 1.18 – 1.45; equipment APR 10-25%	Funding in 24-72 hours	$10,000
#40	SmartBiz Loans	Streamlined SBA 7(a) applications via fintech UX	SBA 7(a) APR prime + 2.75% to 4.75%	Pre-qualification in 5 minutes; funding 30-45 days	$8,000+
#41	Kabbage (Amex Business Working Capital)	Established Kabbage customers (now Amex working capital)	Monthly fee 3 – 12%	Approval in minutes for eligible Amex business cardholders	$3,000
#42	Clover Capital (Fiserv)	Clover POS merchants — embedded card-volume-based financing	Single fixed fee disclosed at offer (10 – 16%)	Funding in 1 – 3 business days	Clover processing volume drives offers
#43	Amazon Lending	Amazon FBA sellers — invitation-only embedded financing	APR varies (typical 6 – 16% APR for term loans)	Funds in 5 business days once accepted	Amazon sales volume drives offers
#44	Backd	Newer MCA specialty with modern UX and B-paper focus	Factor 1.18 – 1.45	Funding in 24 – 48 hours	$10,000
#45	Mantis Funding	C-paper MCA specialist for distressed merchants	Factor 1.35 – 1.55+ (C-paper pricing)	Funding in 24 – 48 hours	$10,000
#46	ForwardLine	Regional MCA provider with customized contract terms	Factor 1.22 – 1.42	Funding in 24 – 72 hours	$10,000
#47	Pearl Capital	Established MCA provider with broker network focus	Factor 1.25 – 1.45	Funding in 1 – 3 business days	$15,000
#48	TBS Factoring	Trucking carriers — invoice factoring specialty	1 – 3% per invoice (recourse); 2 – 4% (non-recourse)	Same-day funding for verified invoices	$10,000 in factorable invoices
#49	RTS Financial	Trucking carriers — factoring + fuel card + back-office	1 – 3% per invoice (varies by volume + recourse type)	Same-day funding for verified invoices	$10,000 in factorable invoices
#50	Apex Capital	Trucking — owner-operator and small fleet factoring	1.5 – 4% per invoice	Same-day funding	$5,000+ in invoices
#51	OTR Capital	Trucking factoring with non-recourse focus	1.5 – 3.5% per invoice	Same-day funding	$15,000+ in invoices
#52	eCapital	Cross-industry invoice factoring at scale	1 – 3% per invoice	Same-day to next-day funding	$50,000 in factorable AR
#53	Triumph Business Capital	Trucking factoring + bank-affiliated stability	1 – 3% per invoice	Same-day funding	$25,000+
#54	altLINE (Southern Bank)	Bank-direct invoice factoring with low rates	0.5 – 3% per invoice (lower than non-bank competitors)	1 – 3 business days from setup	$30,000+ in AR
#55	Pipe	SaaS companies — recurring-revenue trading platform	Single fee, typically 6 – 14% per advance (effective APR varies)	Funding in 24 – 72 hours	$15,000+ MRR
#56	Capchase	SaaS founders — non-dilutive growth capital	Discount on future ARR (typical effective cost 8 – 15% APR)	Funding in 48 – 72 hours after approval	$8,000+ MRR
#57	Settle	E-commerce brands — vendor financing + AR management	Single fee (typical 1 – 3% per invoice for AR financing)	Funding in 1 – 3 days	$50,000+
#58	Liberis	Embedded RBF for partner platforms (international + US)	Single fee, typical 6 – 12% of advance	Funding in 24 hours	$5,000+
#59	Ampla	CPG and DTC brands — banking + capital combined	LOC APR 8 – 18%; term loan APR 10 – 22%	Funding in 1 – 5 business days	$50,000+
#60	Currency Capital	Equipment financing — heavy equipment, trucks, machinery	APR 8 – 22% (varies by equipment + credit)	Funding in 24 – 72 hours after approval	$10,000+
#61	Beacon Funding	Specialty equipment financing — high approval rate	APR 8 – 25%	Funding in 1 – 5 business days	$10,000+
#62	Crest Capital	Equipment + commercial vehicle financing with online speed	APR 7 – 22%	Approval in 4 hours; funding 1 – 3 days	$10,000+
#63	Newtek Small Business Finance	SBA 7(a) + alternative financing + payroll combined	SBA 7(a) APR prime + 2.75% to 4.75%; alt-fin varies	SBA 30 – 60 days; alternative products 1 – 7 days	$15,000+
#64	Celtic Bank	Background bank powering many fintech lenders' SBA programs	SBA 7(a) APR prime + 2.75% to 4.75%	30 – 60 days SBA standard	$10,000+
#65	Cross River Bank	Background bank for fintech-partnered loans	Varies by partner product	Varies by partner	Varies
#66	Stearns Bank	SBA + equipment financing + specialty industries	SBA 7(a) prime + 2.75% to 4.75%; equipment 8 – 18% APR	SBA 30 – 60 days; equipment 5 – 10 days	$15,000+
#67	Byline Bank	SBA 7(a) + commercial real estate specialty	SBA 7(a) prime + 2.75% to 4.75%	30 – 60 days SBA	$25,000+
#68	Kiva	Microloans for very early or underserved businesses	0% interest (donation-funded)	30 – 60 days crowdfunding process	Any
#69	Accion Opportunity Fund	CDFI loans for underbanked small businesses	APR 8.49% – 24.99%	Funding in 5 – 15 business days	$4,000+
#70	Lendeavor (Provide)	Dental + veterinary practice financing	APR 6 – 14% (practice acquisition); 8 – 18% (working capital)	Funding in 5 – 20 days	$10,000+
#71	YouLend	Embedded SMB financing via platform partners	Single fee, varies by partner platform	Funding in 24 hours via platform integration	Varies by partner
#72	Fundation	Mid-market term loans + LOC for established merchants	APR 7.99% – 28.99% (term loan); LOC APR varies	Funding in 1 – 3 business days	$8,000+
#73	United Capital Source	Broker network for matching merchants to MCA + alt-fin options	Varies by underlying lender; MCA factor 1.18 – 1.50	Funding in 1 – 7 days	$8,000+
#74	Become	Lender marketplace with built-in credit improvement tooling	Varies by underlying lender	Pre-qualification in minutes; funding 1-30 days	$8,000+
#75	Fundshop	MCA-specific marketplace for fast comparison	MCA factor 1.18 – 1.45 (varies by underlying funder)	Offers in 24 hours; funding 1 – 3 days	$10,000+
#76	Finance Factory	Startup-friendly marketplace with broader product range	Varies by underlying product	Varies	Any
#77	Par Funding (Complete Business Solutions Group)	Historical MCA reference — now in receivership	(Historical 1.30 – 1.55+)	(No longer originating)	Historical
#78	RapidFund Capital	Short-term MCA specialist with fast turnaround	Factor 1.25 – 1.45	24 – 48 hours after approval	$10,000
#79	National Business Capital	Marketplace with strong term loan + SBA + alt-fin options	Varies by product type	Funding in 1 – 14 days depending on product	$8,000+
#80	Swift Capital	Alternative small-business financing with multi-product fit	Factor 1.20 – 1.45; term loan 12-28% APR	Funding in 1 – 3 days	$10,000
#81	AdvancePoint Capital	Short-term MCA with industry breadth	Factor 1.25 – 1.50	Funding in 24 – 72 hours	$10,000
#82	CapitalBridge Funding	MCA for retail and service industries	Factor 1.22 – 1.45	1 – 3 business days	$10,000
#83	Velocity Business Funding	E-commerce-focused MCA alternative	Single fee 8 – 16% of advance	Funding in 24 – 48 hours	$15,000
#84	BFS Capital	Multi-product alternative lender — MCA + term loans	Factor 1.18 – 1.45; term loan APR 14 – 30%	1 – 3 business days	$12,000
#85	Perfect Alliance Capital	MCA with customized contract terms	Factor 1.22 – 1.48	1 – 3 business days	$10,000
#86	Advance America Capital	Short-term MCA with established broker network	Factor 1.25 – 1.45	24 – 72 hours	$10,000
#87	Knight Capital Funding	MCA for trucking and construction industries	Factor 1.24 – 1.45	1 – 3 business days	$15,000
#88	World Business Lenders	Mid-sized MCA + real-estate-secured business loans	Factor 1.25 – 1.50; secured term loan APR 15-30%	1 – 7 business days	$15,000
#89	Strategic Funding Source (Kapitus)	Multi-product alternative finance — MCA, term, equipment, factoring	Factor 1.18 – 1.45; term loan 12-28% APR	1 – 3 business days	$15,000
#90	Giggle Finance	Smaller and newer businesses needing $5K-$50K	Factor 1.20 – 1.45	Funding in 24 hours	$5,000
#91	Fundomate	Smaller-business MCA with fast access	Factor 1.18 – 1.45	Funding in 24 – 48 hours	$10,000
#92	Balboa Capital	Equipment financing + working capital combined	Equipment APR 8 – 22%; working capital factor 1.18 – 1.40	1 – 3 business days	$10,000
#93	CIT (First Citizens)	Equipment financing + commercial lending at scale	Equipment APR 6 – 18%; commercial term rates competitive	5 – 21 days standard	$25,000+
#94	Direct Capital (PNC Equipment Finance)	Online equipment financing backed by PNC Bank	APR 8 – 20%	1 – 5 business days	$10,000+
#95	Smarter Finance USA	Equipment financing for startup and early-stage businesses	APR 8 – 25%	1 – 7 business days	Any
#96	Upwise Capital	Early-stage and startup-friendly alternative lending	Factor 1.22 – 1.50	1 – 3 business days	$8,000
#97	Founderpath	SaaS founders — non-dilutive ARR-based capital	Single discount on future ARR (effective 8-15% APR equivalent)	Funding in 1 – 7 days	$5,000+ MRR
#98	Re:cap	European SaaS — recurring-revenue trading	Single discount on future ARR	Funding in 1 – 5 days	€10,000+ MRR
#99	Choco Up	Asia-Pacific e-commerce — revenue-based capital	Single fee 6 – 12% of advance	Funding in 1 – 3 days	$10,000+
#100	Banc of California	California-focused SBA + commercial lending	SBA 7(a) prime + 2.75% to 4.75%	30 – 60 days SBA standard	$25,000+

How we ranked

We weighted each funder on six dimensions: speed to fund, factor rate range, B/C-paper tolerance, renewal economics, compliance posture, and transparency of public-facing terms. We rewarded funders who publish their economics; penalized those who hide everything behind "competitive" language.

Disclosure up front: Fundnode is a referral platform. We expect to sign direct partnerships with several of the funders below. This ranking reflects our editorial view today, not a paid placement. If we earn commission on a deal we route in the future, we disclose it on the offer page. See /trust for the full disclosure.

The shortcut

Don't want to read 12 minutes?

Bank lender · Best for: California-focused SBA + commercial lending

Amount$25,000 – $25,000,000+

CostSBA 7(a) prime + 2.75% to 4.75%

Speed30 – 60 days SBA standard

Min TIB24 months

Min revenue$25,000+

Min credit680+

Strength

California-headquartered SBA lender. Strong CA market presence after PacWest acquisition. SBA + CRE + commercial lending. Specialty in technology and bioscience verticals.

Watch out

California geographic concentration. Higher minimums than fintech alternatives. Slower than online lenders.

Best for: California-based established merchants needing SBA or commercial bank lending with state-knowledgeable underwriting.

How to choose based on your profile

Three rough rules. None substitutes for actually scoring your file against each funder's appetite, but they get you to the right starting point.

A-paper (24+ months, 650+ FICO, clean statements): Try OnDeck term loan or Bluevine LOC first. If you need speed, Credibly.
B-paper (12+ months, 550–650 FICO, occasional NSFs): Credibly, Greenbox, or a specialty funder via our routing. Expect 1.30–1.40 factor.
C-paper (6+ months, 500+ FICO, recent NSFs or second position): Accord, Greenbox C-paper programs, or CFG. Expect 1.40–1.50 factor and smaller deal sizes.
Below C-paper (under 6 months, multiple open MCAs, frequent NSFs): Don't apply today. Fix the signals first. See the stacking guide if you're in multiple positions.

Funders we excluded — and why

PayPal Working Capital: Closed ecosystem, only available to existing PayPal merchants. Not an open-market funder.
Lendio, Fundera, LendingTree: These are marketplaces, not direct funders. Useful for shopping; the actual capital comes from underlying lenders we've ranked separately.
Square Capital, Shopify Capital: Closed platform offers. If you're already on the platform and qualify, the rate is usually fair — but it's not open-market.
Smaller B/C-paper specialty shops (Linqfunding, Rowan Advance, Change Funding, etc.) — fund deals at higher rates with less public transparency. We'll cover them in a follow-up if reader demand justifies it.

Frequently asked questions

Why should I trust your ranking?: We're a referral platform, not a funder. We make money when merchants fund through our partners — which means we have a direct incentive to send them to funders that actually approve and fund cleanly. A funder that fails to fund our referrals costs us money. That alignment isn't perfect, but it's better than a media-only ranking with no skin in the game.
How is this different from Lendio or NerdWallet's ranking?: Two ways. First, we publish funder-specific watch-outs that media rankings sanitize (commission opacity, hidden clawback windows, ISO program bars). Second, we update based on what we actually see in our routing data — not on what the funders' marketing teams want featured.
What's a 'factor rate' and why does it matter more than APR?: A factor rate is a flat multiplier (1.30 = repay $130K on $100K). It's how MCA pricing is quoted. APR is the annualized cost. A 1.30 factor over a 12-month daily-ACH term works out to roughly 50% APR-equivalent. Most funders quote factor; five states now require APR-equivalent disclosure on every offer letter.
What if I don't qualify for any of these?: Take the fundability quiz at /quiz/are-you-fundable — it'll tell you which tier you're in (A/B/C/D-paper) and either route you to a fitting funder or recommend you fix bank-statement signals first. The honest answer for some merchants is 'wait 60 days, then re-apply.'
Does the ranking change?: Yes — every quarter as we route more deals and funder behavior shifts. The 2026 ranking will update by Q3 2026 based on real outcomes from this year.

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