I'm a $200K/mo merchant looking for $750K in capital — which?

Libertas. Rapid Finance caps at $1M but their underwriting comfort zone tops out around $250K – $400K across products. Libertas regularly funds $500K – $1M+ MCA and specializes in this deal size. Expect a 1.28 – 1.38 factor on the MCA. Read the contract — Libertas renewal economics are aggressive and the daily ACH on $750K MCA will be material ($3K – $5K/day depending on term).

I'm a $25K/mo merchant looking for $50K — which?

Rapid Finance. Libertas's $30K+/mo revenue floor declines you. Rapid's $10K/mo floor accepts you, and their multi-product menu gives structure flexibility — at this file grade their term loan often beats MCA factor on total cost over a 12-month horizon. Run both product options and pick on total payback.

Which is better for an existing merchant with an open MCA looking for additional capital?

Libertas if the deal is $100K+. They explicitly fund 2nd position MCA on large files and have built underwriting around stacked situations. Rapid Finance avoids stacking — they'll typically decline a merchant with an active MCA on file. For smaller 2nd-position needs (sub-$100K), neither is the right answer; look at Accord or specialty C-paper funders instead.

Libertas Funding vs Rapid Finance — 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 FundingRapid Finance

Product typeMCAMulti-product

Amount range$10K – $5M$5K – $1M (across products)

Cost (factor / APR)Factor 1.20 – 1.49 depending on paper grade and positionUp to 5% of financing per public partner page; APR varies

Speed to fund24 – 48 hours after underwritingSame-day to 3 days

Min time in business12 months12 months

Min monthly revenue$30,000+/mo$10,000

Min credit score550+600+

Products

MCA (1st / 2nd position)
Equipment financing

MCA
Term loan
LOC
Embedded lending

Verdicts by use case

Larger deal size ($1M+) — Winner: Libertas Funding. Libertas funds up to $5M and specializes in $250K – $1M+ deals. Rapid Finance caps at $1M across products. For sizable single advances, Libertas wins outright.
Multi-product flexibility (term + LOC) — Winner: Rapid Finance. Rapid Finance offers MCA, term loan, LOC, and embedded lending. Libertas offers MCA and equipment financing only. Merchants who might want term or LOC structures favor Rapid.
Stacked / 2nd position MCA at scale — Winner: Libertas Funding. Libertas explicitly funds 2nd position MCA on large files where many funders won't. Rapid Finance focuses on clean 1st position across products. Already-stacked deals or 2nd-position $250K+ files are Libertas-only here.
Lower revenue floor and faster term decision — Winner: Rapid Finance. Rapid Finance's $10K/mo revenue floor accepts smaller operators; Libertas requires $30K+/mo. Rapid's term loan approval is 3 – 7 days vs Libertas's 24 – 48 hour MCA focus on different file profiles. Sub-$30K/mo merchants are Rapid-only.
Embedded / platform partnership distribution — Winner: Rapid Finance. Rapid Finance has explicit embedded-lending infrastructure for vertical SaaS partners. Libertas is a direct MCA + equipment funder without an embedded API story. Platform partners and SaaS integrators favor Rapid.

The honest takeaway

Libertas Funding and Rapid Finance 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 $200K/mo merchant looking for $750K in capital — which?: Libertas. Rapid Finance caps at $1M but their underwriting comfort zone tops out around $250K – $400K across products. Libertas regularly funds $500K – $1M+ MCA and specializes in this deal size. Expect a 1.28 – 1.38 factor on the MCA. Read the contract — Libertas renewal economics are aggressive and the daily ACH on $750K MCA will be material ($3K – $5K/day depending on term).
I'm a $25K/mo merchant looking for $50K — which?: Rapid Finance. Libertas's $30K+/mo revenue floor declines you. Rapid's $10K/mo floor accepts you, and their multi-product menu gives structure flexibility — at this file grade their term loan often beats MCA factor on total cost over a 12-month horizon. Run both product options and pick on total payback.
Which is better for an existing merchant with an open MCA looking for additional capital?: Libertas if the deal is $100K+. They explicitly fund 2nd position MCA on large files and have built underwriting around stacked situations. Rapid Finance avoids stacking — they'll typically decline a merchant with an active MCA on file. For smaller 2nd-position needs (sub-$100K), neither is the right answer; look at Accord or specialty C-paper funders instead.