How we picked
Filtered to lenders that fund small-revenue service businesses ($10K+/mo). POS-embedded options ranked first because most yoga studios run on Square, Clover, or MindBody-integrated processors. CDFI mission lenders ranked for newer studios and mission-aligned owners. Generalist MCA included for established multi-location operators.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| Square Capital | Best for Square-using yoga studios | $300 – $250,000 | Funds as soon as next business day | No FICO pull — Square underwrites entirely against your Square sales history | Apply → |
| Clover Capital (Fiserv) | Best for Clover-using studios | $500 – $1,000,000 | Funding in 1 – 3 business days | No FICO check — uses Clover sales history | Apply → |
| Credibly | Best general MCA for established multi-location studios | $5K – $600K | As fast as 4 hours | 550+ | Apply → |
| Greenbox Capital | Best for credit-recovering studio owners (500+) | $5K – $250K (MCA); other products vary | 24 – 48 hours | Flexible — accepts down to 500 on some programs | Apply → |
| Accion Opportunity Fund | Best CDFI low-APR option for mission-aligned studios | $5,000 – $250,000 | Funding in 5 – 15 business days | 550+ (more flexible than banks) | Apply → |
| Kiva | Best for $1K-$15K with no credit check | $1,000 – $15,000 | 30 – 60 days crowdfunding process | No credit check | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 6 picks
#1 · Best for Square-using yoga studios
Square Capital
Max amount
$250,000
Cost
Single fixed fee (typically 10 – 16% of loan amount)
Speed
Funds as soon as next business day
Min credit
No FICO pull — Square underwrites entirely against your Square sales history
Why we picked it
Many yoga studios bill class packs and memberships through Square. Pre-qualified offers in the Square dashboard — no application needed. No FICO check. Single fee 5-14% off your Square processing volume. The cleanest first option if you're already on Square.
The strength
Most merchant-friendly headline structure in the industry: one fixed fee, no APR equivalents, no daily/weekly debits — repayment is a flat percentage of daily Square card sales until paid off. Eligibility check appears in your Square dashboard with no application. Approval typically arrives in minutes.
The watch-out
Square chooses who they offer to — you can't apply if Square doesn't surface an offer. Loan amount usually caps at ~1.4× monthly Square sales. The single fixed fee on a 9-month payback typically works out to 30–60% APR-equivalent, similar to mid-tier MCA. Only available to active Square sellers — if you stop processing, repayment converts to fixed daily debits.
Qualifications
12 months
$10,000+ in Square card sales typical floor for meaningful offers
No FICO pull — Square underwrites entirely against your Square sales history
#2 · Best for Clover-using studios
Clover Capital (Fiserv)
Max amount
$1,000,000
Cost
Single fixed fee disclosed at offer (10 – 16%)
Speed
Funding in 1 – 3 business days
Min credit
No FICO check — uses Clover sales history
Why we picked it
Clover POS is common in studios that need retail (mats, blocks, apparel) integrated with class billing. Pre-qualified offers in the Clover dashboard. Single fee structure. No FICO check. Fast deposit.
The strength
Embedded in Clover dashboard (Fiserv-owned POS platform). Single fee structure like Square Capital. Repayment as percentage of daily Clover card sales. Strong fit for Clover-equipped restaurants, retail, salons.
The watch-out
Only available to Clover POS merchants. Eligibility controlled by Clover/Fiserv — can't apply. Less brand recognition than Toast Capital or Square Capital.
Qualifications
6 months
Clover processing volume drives offers
No FICO check — uses Clover sales history
#3 · Best general MCA for established multi-location studios
Credibly
Max amount
$600K
Cost
Factor 1.11+ (MCA)
Speed
As fast as 4 hours
Min credit
550+
Why we picked it
550+ credit, 6+ months TIB, $15K+/mo revenue. Multi-product covers expansion build-out, marketing campaigns, or teacher-training program launches. Useful for studio chains scaling beyond one location.
The 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).
The watch-out
The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.
Qualifications
6 months
$15,000
550+
#4 · Best for credit-recovering studio owners (500+)
Greenbox Capital
Max amount
$250K (MCA); other products vary
Cost
Factor varies
Speed
24 – 48 hours
Min credit
Flexible — accepts down to 500 on some programs
Why we picked it
Lowest credit floor for fitness/wellness. Industry-flexible. Will fund single-location yoga studios at smaller revenue thresholds than most generalist MCAs. Published ISO commission caps bound broker markup.
The 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.
The watch-out
$250K MCA cap is below competitors. Marketing tilts broker-friendly more than merchant-transparent.
Qualifications
6 months
$15,000
Flexible — accepts down to 500 on some programs
#5 · Best CDFI low-APR option for mission-aligned studios
Accion Opportunity Fund
Max amount
$250,000
Cost
APR 8.49% – 24.99%
Speed
Funding in 5 – 15 business days
Min credit
550+ (more flexible than banks)
Why we picked it
Mission-driven CDFI with APR 8.49-24.99% — dramatically cheaper than MCA. $5K-$250K loan range. Strong support for women-owned, minority-owned, and community-rooted wellness businesses. 5-15 day timeline but worth it for the APR savings.
The strength
Community Development Financial Institution (CDFI) — government-supported mission lender for underserved markets. Lower credit thresholds (550+). Strong support resources beyond just lending — coaching, networking. Lower APRs than alternative MCA equivalents.
The watch-out
Long underwriting timeline (5-15 days). Application paperwork heavier than fintech competitors. Maximum loan size ($250K) caps mid-market use.
Qualifications
12 months
$4,000+
550+ (more flexible than banks)
#6 · Best for $1K-$15K with no credit check
Kiva
Max amount
$15,000
Cost
0% interest (donation-funded)
Speed
30 – 60 days crowdfunding process
Min credit
No credit check
Why we picked it
0% interest microloans for very early-stage studios, equipment refresh, or props inventory. No FICO check at all. Funded by individual lenders rather than institutional capital. Best fit for first-time studio owners and pre-revenue or sub-6-month operations.
The strength
0% interest microloans funded by individual crowdfunders. No FICO check. Open to very early stage, underserved entrepreneurs, immigrants, low-credit applicants. Repayment with no fees over 6-36 months.
The watch-out
Loan caps at $15K — too small for most established merchants. Application requires endorsements from existing supporters. 30-60 day funding timeline.
Qualifications
0 months
Any
No credit check
Frequently asked questions
- Can a small yoga studio ($10-20K monthly revenue) get an MCA?
- Most MCAs require $15K+/mo minimum, so you're right at the threshold. Square Capital and Clover Capital don't have a monthly revenue floor (they price off processing volume directly) — usually the cleanest option. Greenbox will go below standard thresholds for fitness/wellness. For anything under $10K/mo, look at Kiva microloans or Accion CDFI.
- What's the best funding for opening a new yoga studio?
- SBA microloans via CDFI (Accion) for $10K-$50K at low APR. Kiva for $1K-$15K at 0%. Live Oak SBA 7(a) for full build-outs $250K+. Avoid MCAs pre-revenue — daily ACH against zero student inflow is the classic default scenario.
- Does MindBody offer financing?
- MindBody itself doesn't lend, but if you process payments through MindBody's integrated payment processor, your transaction history can underwrite Square Capital, Clover Capital, or Credibly applications faster. Pull your MindBody statements as part of any application.
- How much can I borrow as a 2-year-old studio with $30K/mo revenue?
- Square Capital: $15K-$75K based on Square processing history. Credibly: $20K-$100K MCA. Accion CDFI: $25K-$100K at lower APR but 5-15 day timeline. Match yourself at /match to see pre-qualified offers.
Related reading
Methodology
How we chose
Ranking criteria
- Use-case fit — funder must qualify the merchant profile this page targets (credit, time-in-business, revenue, industry).
- Pricing transparency — published factor-rate or APR-equivalent disclosure outweighs marketing-only quotes.
- Speed-to-fund — verified time from signed contract to ACH deposit, not 'as fast as' marketing claims.
- Contract terms — daily/weekly debit structure, prepayment treatment, COJ / personal guarantee posture.
- Customer-experience signals — BBB profile, Trustpilot, ISO chatter, and direct merchant feedback collected via Fundnode applications.
Sources consulted
- Funder-published rate cards, contract templates, and disclosure pages (refreshed quarterly).
- Public regulatory filings — California DFPI commercial-financing disclosures, New York commercial-financing disclosure law filings.
- Direct merchant feedback collected through Fundnode's /qualify funnel (n > 200 since 2026-01).
- ISO desk operator interviews — anonymized commentary on approval patterns and stipulations.
Update cadence
Reviewed quarterly. Last updated 2026-06-24.
Conflict of interest
Fundnode may earn referral fees from funders listed on this page when merchants apply through us. Rankings are editorial and independent of fee economics — funders cannot pay for placement.