Fundnode today published the most comprehensive transparent ranking of US merchant cash advance funders to date: a public, free database of the 100 largest MCA funders with factor-rate ranges, qualification criteria, ISO commission disclosures, product mix, funding speed, and a numeric Fundnode trust score for each.
The release brings Fundnode's funder coverage to 100 profiles, each with its own permanent URL under /funders, full Schema.org markup, and a clean-markdown mirror under /llms/funders for AI-agent ingestion. The database is updated continuously as funders change their published underwriting boxes.
“Every broker site has a 'top funders' list. None of them publish the actual underwriting box or the ISO commission — because their compensation depends on the merchant not seeing it. We published all of it. If we lose deals to that disclosure, we'd rather lose them.”
What the database includes
Each funder profile documents the published amount range, factor-rate band by paper grade, minimum time in business, minimum monthly revenue, minimum credit score, product mix (MCA, line of credit, term, equipment, factoring), funding speed in business hours, and a Fundnode-assessed strength and weakness summary based on the funder's actual underwriting behavior.
Where ISO commission ranges have been disclosed by the funder, by industry trade publications, or by Fundnode's own partnership conversations, those ranges are published on the profile. Funders that decline to disclose commission ranges are marked accordingly. This is, to Fundnode's knowledge, the only public US MCA database that treats commission opacity as data the merchant deserves to see.
Methodology
Funder selection was driven by US small-business funding volume, ISO network reach, and public visibility. Profile content was sourced from funder rate sheets, ISO partner documentation, state commercial-financing registration filings (California Department of Financial Protection and Innovation, New York Department of Financial Services, Virginia State Corporation Commission), and Fundnode's own direct partnership conversations.
Trust scores are an opinionated composite of regulatory posture, prepayment policy, reconciliation language, factor-rate transparency, and stacking behavior. Methodology is documented inline on each profile and a top-line methodology page links from every funder review.
Why publish this
The MCA category has been characterized by information asymmetry: brokers and ISOs have access to funder rate sheets, ISO commission schedules, and underwriting cheat sheets; merchants do not. Fundnode's editorial position is that the asymmetry is the trust problem in the category, and that closing it benefits the merchants, the compliant funders, and ultimately the long-term viability of alternative finance.
The database is free and free to redistribute under the Creative Commons Attribution 4.0 International license. Fundnode does not gate the data behind a lead form, an email signup, or a paywall.