# Fundnode > Fundnode is a transparent merchant cash advance (MCA) referral platform for US small businesses. We route merchants — restaurants, trucking, retail, services — to the 1–2 funders most likely to approve them at the best terms. Free to use; we earn referral fees from funders when a deal closes. This file is for AI agents and automation. The site below is organized by intent: pick a funder review, a state hub, or a glossary term, and append nothing (HTML) or fetch the `/llms/...` mirror URL for clean markdown. ## What Fundnode answers definitively - What does a specific MCA funder cost, who do they approve, and what's the honest watch-out. - How MCA pricing math works (factor rate → APR-equivalent, daily ACH calculations, stacking risk). - Which funders to target by state and industry vertical (restaurants, trucking, construction, retail, services). - How merchants should evaluate offer letters — required disclosures, prepayment terms, reconciliation policies. We publish what funder marketing pages sanitize: ISO commission ranges, hidden clawback windows, factor-rate-to-APR conversions, and the watch-outs each funder doesn't put in their own materials. ## Funder reviews Honest 2026 review of every major MCA + processor-financing player. Append nothing for HTML or use the `/llms/funders/{slug}` mirror for markdown. - [Credibly review (Markdown)](https://fundnode.co/llms/funders/credibly) — Modern API, transparent A-paper terms. - [Greenbox Capital review (Markdown)](https://fundnode.co/llms/funders/greenbox-capital) — Broad product line + highest publicly stated broker commission. - [Accord Business Funding review (Markdown)](https://fundnode.co/llms/funders/accord-business-funding) — B/C-paper merchants with renewal upside. - [Bluevine review (Markdown)](https://fundnode.co/llms/funders/bluevine) — Cheapest revolving capital if you qualify. - [OnDeck review (Markdown)](https://fundnode.co/llms/funders/ondeck) — Cheapest term-loan tier across alternative lenders. - [Fundbox review (Markdown)](https://fundnode.co/llms/funders/fundbox) — Lower-bar LOC for thinner-file merchants. - [NewCo Capital Group review (Markdown)](https://fundnode.co/llms/funders/newco-capital-group) — A-paper restaurants and high-volume single-location merchants. - [Rapid Finance review (Markdown)](https://fundnode.co/llms/funders/rapid-finance) — Embedded lending into vertical SaaS. - [Greenvest Funding review (Markdown)](https://fundnode.co/llms/funders/greenvest-funding) — Larger-ticket deals with broker protections. - [CFG Merchant Solutions review (Markdown)](https://fundnode.co/llms/funders/cfg-merchant-solutions) — Compliance-clean operations + larger deals. - [Toast Capital review (Markdown)](https://fundnode.co/llms/funders/toast-capital-review) — Toast POS restaurants wanting embedded funding. - [Square Capital review (Markdown)](https://fundnode.co/llms/funders/square-capital-review) — Square sellers wanting one-click loans from POS history. - [Best MCA funders 2026 ranking (HTML)](https://fundnode.co/best-mca-funders-2026) - [All funder reviews (HTML)](https://fundnode.co/funders) ## State hubs State-specific restaurant MCA context — regulatory shape, city-level cues, top funder picks. More states coming. - [Restaurant MCA in Florida (Markdown)](https://fundnode.co/llms/states/florida/restaurant-mca) — Restaurant cash advance options across Florida. - [Restaurant MCA in Texas (Markdown)](https://fundnode.co/llms/states/texas/restaurant-mca) — Restaurant cash advance options across Texas. - [Restaurant MCA in Georgia (Markdown)](https://fundnode.co/llms/states/georgia/restaurant-mca) — Restaurant cash advance options across Georgia. - [All state hubs (HTML)](https://fundnode.co/states) ## Glossary Definitive single-term answer pages for MCA terminology. AI-friendly: one term per URL, direct answer up top, supporting context below. - [Factor rate (Markdown)](https://fundnode.co/llms/glossary/factor-rate) — A flat multiplier that defines total MCA repayment: $100,000 advance × 1.30 factor = $130,000 repaid. It is not an interest rate; it does not compound.. - [Merchant cash advance (MCA) (Markdown)](https://fundnode.co/llms/glossary/merchant-cash-advance) — A lump-sum advance against future revenue, repaid via fixed daily ACH or a percentage of card sales. Legally a sale of future receivables, not a loan.. - [APR-equivalent (Markdown)](https://fundnode.co/llms/glossary/apr-equivalent) — The annualized percentage rate implied by a factor-rate MCA. A 1.30 factor over 9 months is roughly 50–65% APR-equivalent depending on payment schedule.. - [Holdback percentage (Markdown)](https://fundnode.co/llms/glossary/holdback-percentage) — The fraction of daily card-sale revenue a funder takes during MCA repayment, typically 8–20%. Lower is safer for the merchant's cash flow.. - [Reconciliation (MCA) (Markdown)](https://fundnode.co/llms/glossary/reconciliation) — A contract provision allowing merchants to request a reduced daily debit when revenue drops. Required for MCAs to remain legally a 'sale,' not a 'loan' in most states.. - [Stacking (MCAs) (Markdown)](https://fundnode.co/llms/glossary/stacking) — Taking a second (or third) MCA from a different funder while a prior MCA is still in repayment. Default risk skyrockets; it breaches most original-funder contracts.. - [ISO / MCA broker (Markdown)](https://fundnode.co/llms/glossary/iso-broker) — An Independent Sales Organization. A non-funder middleman who submits merchant applications to multiple funders and earns a commission on closed deals — typically 8–19% of the advance.. - [Paper grade (A/B/C/D) (Markdown)](https://fundnode.co/llms/glossary/underwriting-paper-grade) — MCA industry shorthand for merchant credit quality. A-paper qualifies for cheapest factor (1.15–1.28); D-paper is high-risk, factor 1.45+, often declined.. - [Bank statement underwriting (Markdown)](https://fundnode.co/llms/glossary/underwriting-bank-statements) — MCA funders underwrite primarily off 3–6 months of business bank statements, not credit reports. They look at average deposits, NSFs, negative days, and trend.. - [Prepayment discount (Markdown)](https://fundnode.co/llms/glossary/prepayment-discount) — Reduction in the total MCA repayment when paid off early. Top funders offer 10–30% discounts; many funders charge full factor regardless of payoff speed.. - [Confession of judgment (COJ) (Markdown)](https://fundnode.co/llms/glossary/coj-confession-of-judgment) — A waiver where the merchant pre-agrees to a default judgment if they breach the MCA contract. Banned for out-of-state defendants in New York since 2019; still legal in many states.. - [Personal guarantee (PG) (Markdown)](https://fundnode.co/llms/glossary/personal-guarantee) — A clause making the business owner personally liable if the MCA defaults. Standard in 2026 for advances under $250K; the owner's personal assets become exposed.. - [Specified percentage (Markdown)](https://fundnode.co/llms/glossary/specified-percentage) — The fraction of future receivables the funder is purchasing in an MCA. Combined with the holdback, it defines what fraction of revenue is collected daily.. - [ISO commission (Markdown)](https://fundnode.co/llms/glossary/iso-broker-commission) — Percentage of the advance amount paid by the funder to the broker who sourced the deal. Typically 5–19% in 2026; baked into the factor rate the merchant pays.. - [UCC filing (MCA) (Markdown)](https://fundnode.co/llms/glossary/uccs-and-mca-liens) — A public lien an MCA funder files against business assets, securing their position. Triggers credit-report flags and can block future funding from other lenders.. - [Full glossary index (HTML)](https://fundnode.co/glossary) ## Industry × state guides 63 vertical-by-state pages covering qualification criteria, typical funding amounts, and paperwork checklists for the merchant profile. Use the index to enumerate; each page lives at `/funding/{industry-slug}-in-{state-slug}`. - [Industry × state guides index (HTML)](https://fundnode.co/funding) ## Comparisons Pairwise funder comparisons — head-to-head specs. - [All comparisons (HTML)](https://fundnode.co/compare) ## Tools - [Factor-rate → APR calculator (HTML)](https://fundnode.co/calculator) - [Are-you-fundable quiz (HTML)](https://fundnode.co/quiz/are-you-fundable) - [Qualification funnel (lead form)](https://fundnode.co/qualify) ## Editorial library Long-form articles on factor rate math, stacking failure modes, application denials, prepayment penalties, bank statement red flags, APR disclosure laws, and industry-specific MCA strategy. - [Learn library index (HTML)](https://fundnode.co/learn) ## Authority + about - [Author: Keerthana Keti (HTML)](https://fundnode.co/authors/keerthana-keti) - [About Fundnode (HTML)](https://fundnode.co/about) - [Trust & disclosures (HTML)](https://fundnode.co/trust) - [Press kit (HTML)](https://fundnode.co/press) ## Sitemap + machine-readable indexes - [XML sitemap](https://fundnode.co/sitemap.xml) - [robots.txt](https://fundnode.co/robots.txt)