Last Updated: 04/18/2025
Funding Circle Merchant Cash Advance
Claimed
in Merchant Cash Advance from Funding Circle
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Merchant Cash Advance
Filter & compare all your options in one place.
Highlights
Factor Rate
Starting at 1.15
Amount Range
$5,000 - $400,000
Minimum Revenue
N/A
APR (Fee-Based Product)
Starting at 15%(Verified 06/21/2024)
Disclaimer popup with additional information
Funding Circle Merchant Cash Advance Review
Funding Circle Merchant Cash Advance is offered by Funding Circle, a marketplace lending platform founded in 2010 and based in Denver, CO. Funding Circle are available in 48 states and Washington, DC.
Funding Circle Merchant Cash Advance FAQ
What APRs does Funding Circle Merchant Cash Advance offer?
The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Funding Circle offers merchant cash advance with a factor rate starting from 1.15 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
that ranges from 15% APR. Does Funding Circle Merchant Cash Advance charge prepayment fees?
No, Funding Circle Merchant Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the Funding Circle Merchant Cash Advance off early.
How much cash can you advance from Funding Circle Merchant Cash Advance?
Cash advance amounts start at $5,000 and go up to $400,000.
What types of repayment method does Funding Circle Merchant Cash Advance accept?
Funding Circle Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does Funding Circle Merchant Cash Advance process payments?
Funding Circle Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Funding Circle Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does Funding Circle Merchant Cash Advance charge an origination fee?
Yes, Funding Circle Merchant Cash Advance charges a origination fee of 5.99% of the total amount advanced . Funding Circle Merchant Cash Advance deducts the fee directly from your merchant cash advance amount before disbursing merchant cash advance proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What is the minimum repayment amount required by Funding Circle Merchant Cash Advance?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via Funding Circle Merchant Cash Advance?
Funding Circle Merchant Cash Advance can fund your merchant cash advance within 1 business day of approval.
What are the business financing requirements for Funding Circle Merchant Cash Advance?
To apply for Funding Circle Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for Funding Circle Merchant Cash Advance?
Applicants with a credit score of at least 740 and up to 850 may be eligible for Funding Circle Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Funding Circle Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Funding Circle Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- U.S. tax identification number
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Funding Circle
Hours of Operation
Sunday
Closed
Monday
6:00AM - 5:00PM
Tuesday
6:00AM - 5:00PM
Wednesday
6:00AM - 5:00PM
Thursday
6:00AM - 5:00PM
Friday
6:00AM - 5:00PM
Saturday
Closed