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Reliant Funding Merchant Cash Advance

in Merchant Cash Advance from Reliant Funding

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Reliant Funding Merchant Cash Advance

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in Merchant Cash Advance from Reliant Funding

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Highlights
Factor Rate N/A
Loan Amount $5,000 - $250,000
Minimum Revenue $60,000
APR  (Fee or Charge Based Product) N/A

Reliant Funding Merchant Cash Advance Review

Reliant Funding Merchant Cash Advance is offered by Reliant Funding, a marketplace lending platform founded in 2007 and based in San Diego, CA. Reliant Funding Merchant Cash Advance is available in 47 states (and Washington, DC).

Reliant Funding Merchant Cash Advance FAQ

Does Reliant Funding Merchant Cash Advance charge a late fee?

No, Reliant Funding Merchant Cash Advance will not charge you a late fee. However, it does charge a $0 fee if a payment is returned due to non-sufficient funds.

Does Reliant Funding Merchant Cash Advance charge prepayment fees?

No, Reliant 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 Reliant Funding Merchant Cash Advance off early.

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

Cash advance amounts start at $5,000 and go up to $250,000.

How often does Reliant Funding Merchant Cash Advance process payments?

Reliant 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 Reliant Funding Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Reliant Funding Merchant Cash Advance charge an origination fee?

Yes, Reliant Funding Merchant Cash Advance charges a origination fee. Reliant Funding also charges a one-time administration fee of $0.

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

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via Reliant Funding Merchant Cash Advance?

Reliant Funding Merchant Cash Advance can approve (or deny) a merchant cash advance application within 1 hour and fund your merchant cash advance within 1 business day of approval.

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

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

  • Business license
  • Business bank account

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

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

Reliant 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 Reliant 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 Reliant Funding Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Proof of identity
  • U.S. tax identification number

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

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

  • Business debt refinance
  • Emergency repairs
  • Equipment purchase
  • Hiring
  • Inventory
  • Lease improvement
  • Marketing
  • New location
  • Payroll
  • Product or service expansion
  • Technology investment
  • Working capital
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Message From Reliant Funding Merchant Cash Advance

Your business needs are unique to your personal circumstances. You deserve a partner who is willing to put in the work necessary to understand what you do, who you serve, and what your vision is. At Reliant Funding, our expert team is committed to listening to you carefully and working through your business needs. Founded in 2008, we have serviced over 10,000 small businesses across the United States and have funded almost two billion dollars.

If you are tired of excessive paperwork, confusing terms, being told your loan application has been declined or had it approved only to learn the cash you need is weeks away, know that you have now reached a safe and reliable place. As your potential funding partner, we are excited to learn about your business and play a role in your future success.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 5:30pm
  • Tuesday 6:00am - 5:30pm
  • Wednesday 6:00am - 5:30pm
  • Thursday 6:00am - 5:30pm
  • Friday 6:00am - 5:30pm
  • Saturday Closed

About Reliant Funding Merchant Cash Advance

Availability

  Available in 47 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
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Application Fee $0
Late Fee Amount $0
No Prepayment Fee
Returned Payment Fee $0
Administration Fees $0
Draw Fee ($) $0
No Late Fees
Business Financing Requirements
  • 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 12
Minimum Revenue $60,000
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
  • Other (All)
  • Marketing
  • Emergency Repairs
Approval Speed 1 hour
Credit Bureau Reporting None
Funding Time Range Starting at 1 day
Payment Frequency Monthly
Payment Options Automatic Payments
Loan Amount $5,000 - $250,000
Loan Term 6 - 18 months

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