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  Libertas Funding Merchant Cash Advance
Libertas Funding Merchant Cash Advance
in Merchant Cash Advance from Libertas Funding
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Libertas Funding Merchant Cash Advance

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Highlights
Factor Rate N/A
Loan Amount $7,500 - $1,000,000
Minimum Revenue $150,000
APR  (Fee-Based Product) N/A

Libertas Funding Merchant Cash Advance Review

Libertas Funding Merchant Cash Advance is offered by Libertas Funding, a direct lender founded in 2016 and based in Greenwich, CT. Libertas Funding Merchant Cash Advance is available in 50 states (and Washington, DC).

Libertas Funding Merchant Cash Advance FAQ

Does Libertas Funding Merchant Cash Advance charge prepayment fees?

No, Libertas Funding Merchant Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the Libertas Funding Merchant Cash Advance off early.

How much cash can you advance from Libertas Funding Merchant Cash Advance?

Cash advance amounts start at $7,500 and go up to $1,000,000.

What types of repayment method does Libertas Funding Merchant Cash Advance accept?

Libertas Funding Merchant Cash Advance accepts the following repayment method from the Merchant:

  • ACH withholding

How often does Libertas Funding Merchant Cash Advance process payments?

Libertas Funding Merchant Cash Advance processes payments monthly based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Libertas Funding Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Libertas Funding Merchant Cash Advance charge an origination fee?

Yes, Libertas Funding Merchant Cash Advance charges a origination fee of up to 3% of the total amount advanced.

What is the minimum repayment amount required by Libertas Funding Merchant Cash Advance?

There is no minimum repayment ammount.

What are the business financing requirements for Libertas Funding Merchant Cash Advance?

To apply for Libertas Funding Merchant Cash Advance, you need to provide the following business documentation:

  • Business certificate
  • Business license
  • Business bank account

What do you need to qualify for Libertas Funding Merchant Cash Advance?

Applicants with a credit score of at least 550 and up to 850 may be eligible for Libertas Funding Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Libertas Funding Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Libertas Funding Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Libertas Funding Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Government issued photo ID
  • Proof of identity

What limitations does Libertas Funding Merchant Cash Advance set on the purpose of the merchant cash advance?

Libertas Funding Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

  • Equipment purchase
  • Inventory
  • Lease improvement
  • Marketing
  • Product or service expansion
  • Technology investment
  • Working capital
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday Closed

About Libertas Funding Merchant Cash Advance

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Prepayment Fee
Origination Fee (%) Up to 3%
Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 550 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 6
Minimum Revenue $150,000
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Income Statement
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options Automatic Payments
Repayment Methods ACH Withholding
APR Type Fee-Based Product
Loan Amount $7,500 - $1,000,000
Loan Term 3 - 12 months

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