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, 202612 min read

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?

Take our 2-minute fundability quiz. It tells you which tier you're in and which funder fits your profile — without an email or credit pull.

Take the quiz →See my match →

The ten, ranked.

We'll start with #1. Click any name for our deeper analysis.

Credibly

MCA + multi-product · Best for: Modern API, transparent A-paper terms

Amount$5K – $600K

CostFactor 1.11+ (MCA); APR varies for term + LOC

SpeedAs fast as 4 hours

Min TIB6 months

Min revenue$15,000

Min credit550+

Strength

March 2026 API V2 + Cloudsquare integration — most modern submission UX in MCA. $3B+ deployed, 60K+ SMBs. Publishes factor rates honestly (starting 1.11 for A-paper).

Watch out

The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.

Best for: Established merchants (12+ months, $25K+/mo) wanting fast funding with transparent pricing.

Greenbox Capital

Multi-product · Best for: Broad product line + highest publicly stated broker commission

Amount$5K – $250K (MCA); other products vary

CostFactor varies; published up to 19% ISO commission

Speed24 – 48 hours

Min TIB6 months

Min revenue$15,000

Min creditFlexible — accepts down to 500 on some programs

Strength

Five products under one roof: MCA, invoice factoring, equipment financing, collateral loans, LOC. White-label contracts let brokers run the deal under their own brand. Priority 1 status for new ISOs.

Watch out

$250K MCA cap is below competitors. Marketing tilts broker-friendly more than merchant-transparent.

Best for: Merchants between $15K and $35K/mo with 12+ months operating; brokers wanting white-label deals.

Accord Business Funding

MCA specialty · Best for: B/C-paper merchants with renewal upside

Amount$5K – $150K

CostFactor varies by paper grade (often 1.40+)

SpeedNext-day for approved files

Min TIB3 months

Min revenueFlexible — no published floor

Min creditAccepts B/C-paper down to 500

Strength

Up to 15% commission, 4% monthly volume bonuses, 100% commission on renewals, next-day commission payment. Underwrites paper other funders decline (NSFs, irregular revenue, second/third position).

Watch out

MCA only — no LOC or term. Smaller deal cap. Higher factor rates as the trade for accessibility.

Best for: Merchants declined by A-paper funders; second/third-position deals; newer businesses (3+ months).

Bluevine

LOC · Best for: Cheapest revolving capital if you qualify

Amount$10K – $250K

CostAPR 6.2% – 27%

Speed1 – 3 business days

Min TIB12 months

Min revenue$10,000

Min credit625+

Strength

Materially cheaper than any MCA when you qualify. Strong product-led UX. Builds business credit (reports to commercial bureaus).

Watch out

Higher qualification bar — 12+ months TIB, 625+ credit, established revenue. Not an option for thin-file or B/C-paper merchants.

Best for: Established merchants (12+ months, 625+ credit) with recurring or fluctuating capital needs.

OnDeck

Term + LOC · Best for: Cheapest term-loan tier across alternative lenders

Amount$5K – $400K (term); $6K – $200K (LOC)

CostTerm APR 27%+; LOC APR 30%+

SpeedSame-day for approved files

Min TIB12 months

Min revenue$8,000

Min credit600+

Strength

Direct-lender brand trust. Same-day funding on approved files. Term loan product fills the gap between SBA and MCA.

Watch out

Their broker/ISO program has a high entry bar (2+ years, $1M+/mo volume). Most merchants access OnDeck directly, not via brokers.

Best for: Established merchants (12+ months) wanting a fixed-payment term loan or a higher-priced LOC.

Fundbox

LOC · Best for: Lower-bar LOC for thinner-file merchants

Amount$1K – $150K

CostWeekly fee structure; APR-equivalent typically 30–60%

SpeedAs fast as 1 day

Min TIB6 months

Min revenue$8,000

Min credit600+

Strength

Lower bar than Bluevine. API-first / embedded narrative makes it the easiest LOC to integrate. Fast first-draw funding.

Watch out

Smaller draws ($150K cap). APR-equivalent often higher than Bluevine for the same merchant profile.

Best for: Newer businesses (6+ months) or e-commerce sellers wanting a small revolving line.

NewCo Capital Group

MCA specialty · Best for: A-paper restaurants and high-volume single-location merchants

Amount$5K – $500K

CostFactor competitive for A-paper; not publicly disclosed

SpeedApproval in 3 hours; funding in 24–48 hours

Min TIB12 months

Min revenue$100,000

Min credit550+

Strength

$2.2B+ deployed across 55,000+ businesses. Strong A-paper underwriting at competitive terms. Fast approval.

Watch out

$100K/mo revenue minimum excludes most independent single-location operators. Best for groups or high-volume merchants.

Best for: Multi-location restaurant groups, established high-volume merchants approaching SBA-grade profiles.

Rapid Finance

Multi-product · Best for: Embedded lending into vertical SaaS

Amount$5K – $1M (across products)

CostUp to 5% of financing per archived partner page; APR varies

SpeedSame-day to 3 days

Min TIB12 months

Min revenue$10,000

Min credit600+

Strength

Most explicit embedded-lending narrative in our list. Partners with vertical SaaS platforms (POS, payroll, accounting). Strong product diversification.

Watch out

Public ISO commission ceilings lower than Greenbox or Accord. Less broker-friendly for new ISOs.

Best for: Merchants reached via SaaS embedded offers; established multi-product needs.

Greenvest Funding

MCA specialty · Best for: Larger-ticket deals with broker protections

Amount$100K – $5M

CostFactor varies; large-ticket pricing

SpeedSame-day disbursement available

Min TIB24 months

Min revenue$100,000

Min creditUnderwriting bar matches deal size

Strength

Largest deal sizes in our list ($100K–$5M). Contractual no-backdooring guarantee for brokers — written non-circumvention clauses. Same-day disbursement on approved deals.

Watch out

$100K floor excludes small operators. Underwriting bar is high. Less suitable for typical small-business MCA needs.

Best for: Multi-location operators, franchisees, businesses raising $200K+ growth capital.

#10

CFG Merchant Solutions

MCA specialty · Best for: Compliance-clean operations + larger deals

AmountUp to $1M

Cost3–5% origination fees; no PSFs per industry reports

Speed24–48 hours

Min TIB12 months

Min revenue$25,000

Min credit550+

Strength

17,000+ funded units in 2025. Already CA SB 362 compliance-ready for January 2026. Strong NYC institutional posture. No PSFs.

Watch out

Less public on factor rate ranges. Generally pricier than Greenbox or Accord for similar profiles.

Best for: Multi-location operators, merchants in California or other strict-disclosure states.

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.

Stop comparing — start matching

Get the match without the broker games.

We score you against every funder above in real time and send you the 1–2 most likely to approve at the best terms. No outbound calls, no fake urgency. Two minutes, no credit pull.

See my match →