I'm a $60K/mo merchant with 590 FICO and 18 months TIB looking for $200K — which?

Libertas. The deal is above Accord's $150K cap. Libertas underwrites $250K comfortably and your file clears their $30K/mo and 12-month TIB floors. Expect a 1.28 – 1.38 factor. Read the contract on renewal economics — Libertas is aggressive on second deals.

I'm a $20K/mo merchant with 540 FICO and 5 months TIB needing $25K — which?

Accord. Libertas's 12-month TIB floor and $30K/mo revenue floor both decline you. Accord's 3-month floor accepts you. Expect a 1.40+ factor on the $25K. Push revenue and tenure for a cheaper renewal.

Do both fund stacked / second position MCA?

Yes — both explicitly fund 2nd position. Libertas focuses on larger 2nd-position deals ($100K+); Accord funds smaller 2nd and 3rd positions ($10K – $150K). Choose by deal size: Libertas above $150K, Accord below.

Libertas Funding vs Accord Business Funding — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

Libertas FundingAccord Business Funding

Product typeMCAMCA

Amount range$10K – $5M$5K – $150K

Cost (factor / APR)Factor 1.20 – 1.49 depending on paper grade and positionFactor varies by paper grade

Speed to fund24 – 48 hours after underwritingNext-day for approved files

Min time in business12 months3 months

Min monthly revenue$30,000+/moFlexible — no published floor

Min credit score550+Flexible — accepts B/C-paper

Products

MCA (1st / 2nd position)
Equipment financing

MCA (1st / 2nd / 3rd position)

Verdicts by use case

Newer business (3 – 12 months TIB) — Winner: Accord Business Funding. Accord's 3-month TIB floor accepts merchants Libertas's 12-month minimum declines. Sub-12-month merchants are Accord-only in this pair.
Larger deal size ($150K+) — Winner: Libertas Funding. Libertas funds up to $5M and specializes in $250K+ deals. Accord caps at $150K. For sizable capital, Libertas wins outright.
Best ISO commission economics — Winner: Accord Business Funding. Accord pays up to 15% on new deals, 100% on renewals, with next-day commission payment. Libertas's commission tiers are competitive but standard. ISOs optimizing for renewal cash flow favor Accord.
Equipment financing alongside MCA — Winner: Libertas Funding. Libertas offers equipment financing alongside MCA. Accord is MCA-only. Merchants needing equipment capital paired with working capital favor Libertas.
Stacked / 2nd or 3rd position MCA — Winner: Tie. Both fund 2nd-position MCA. Accord goes to 3rd position; Libertas typically stops at 2nd. For 2nd-position deals at $250K+, Libertas wins on size. For 3rd-position or sub-$150K stacked deals, Accord wins.

The honest takeaway

Libertas Funding and Accord Business Funding solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.

Frequently asked questions

I'm a $60K/mo merchant with 590 FICO and 18 months TIB looking for $200K — which?: Libertas. The deal is above Accord's $150K cap. Libertas underwrites $250K comfortably and your file clears their $30K/mo and 12-month TIB floors. Expect a 1.28 – 1.38 factor. Read the contract on renewal economics — Libertas is aggressive on second deals.
I'm a $20K/mo merchant with 540 FICO and 5 months TIB needing $25K — which?: Accord. Libertas's 12-month TIB floor and $30K/mo revenue floor both decline you. Accord's 3-month floor accepts you. Expect a 1.40+ factor on the $25K. Push revenue and tenure for a cheaper renewal.
Do both fund stacked / second position MCA?: Yes — both explicitly fund 2nd position. Libertas focuses on larger 2nd-position deals ($100K+); Accord funds smaller 2nd and 3rd positions ($10K – $150K). Choose by deal size: Libertas above $150K, Accord below.