The best revenue-based financing companies in 2024.

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Best revenue-based financing companies.

Revenue-based financing, sometimes called a business cash advance, is a form of short-term financing based on your business’s expected future revenue. Funders will provide you with a lump sum of money that you will repay via automatic daily or weekly withdrawals from your business bank account.

Learn about our methodology for company selection here.

Funder*Financing amountMinimum time in businessFinancing termMinimum credit scoreTime to funds (after approval)
KapitusUp to $5 million2 years6-24 months65024 hours
OnDeck$5,000-$250,0001 year12-24 months625Same day
Credibly$25,000-$600,0006 months6-24 months500Same day
Expansion Capital Group$5,000-$300,0006 months3-12 months500Within 24 hours
Good Funding$5,000-$500,0003 months4-12 months575Same day
Forward Financing$5,000-$500,0001 year3-12 months500Same day
Backd$10,000-$2 million1 yearUp to 16 months62524 hours
Kalamata$50,000-$750,0002 years6-18 months600Within 24 hours
Mulligan$5,000-$2 million6 months6-36 months600Same day
National Funding$10,000-$500,0006 months12-18 months60024 hours
Libertas$50,000-$5 million1 year3-12 months630Same day
Quickbridge$10,000-$500,0006 months4-18 months60024 hours
Reliant Funding$5,000-$400,0003 months3 to 15 months50024 hours

Revenue-based financing companies at a glance.

Kapitus

Funding amount

Up to $5 million

Term

6-24 months

Min. credit score

650

Time to funding

As little as 24 hours once approved

Revenue-based financing from Kapitus can help you get the funds you need to keep your business going. They can offer up to $5 million—a good amount of money for businesses in the market. 

Pros

  • Best renewal experience
  • Approval within 4 hours
  • Funding in the bank as fast as 24 hours
  • Multiple repayment options to choose from

Cons 

  • Must be in business for at least 2 years
  • Doesn’t build business credit (borrower may be able to self-report to credit bureaus)
  • $20 ACH or $50 wire fee
  • Varying origination fee (based on financed amount)

Kapitus

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Funding amount

Up to $5 million

Term

6-24 months

Min. credit score

650

Time to funding

As little as 24 hours once approved

Revenue-based financing from Kapitus can help you get the funds you need to keep your business going. They can offer up to $5 million—a good amount of money for businesses in the market. 

Pros

  • Best renewal experience
  • Approval within 4 hours
  • Funding in the bank as fast as 24 hours
  • Multiple repayment options to choose from

Cons 

  • Must be in business for at least 2 years
  • Doesn’t build business credit (borrower may be able to self-report to credit bureaus)

  • $20 ACH or $50 wire fee
  • Varying origination fee (based on financed amount)

OnDeck

Funding amount

$5,000-$250,000

Term

12, 18, or 24 Months

Min. credit score

625

Time to funding

As fast as same day after approval

If you’re looking for a cash advance or a line of credit to help cover costs for your business for a short amount of time, OnDeck’s product might be right for you. They can offer fast funding with no prepayment fees, but beware that missing any repayments can hurt your credit score.

Pros

  • Best online closing experience
  • Fast funding
  • Can help boost your credit if payments are made on-time because they report to the major credit bureaus 
  • No prepayment fees

Cons

  • Potentially costly factor rates compared to other types of financing
  • Weekly payments

2.5% on first loan, 1.25% on second loan, 0% on third loan and thereafter

OnDeck

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Funding amount

$5,000-$250,000

Term

12, 18, or 24 Months

Min. credit score

625

Time to funding

As fast as same day after approval

If you’re looking for a cash advance or a line of credit to help cover costs for your business for a short amount of time, OnDeck’s product might be right for you. They can offer fast funding with no prepayment fees, but beware that missing any repayments can hurt your credit score.

Pros

  • Best online closing experience
  • Fast funding
  • Can help boost your credit if payments are made on-time because they report to the major credit bureaus 
  • No prepayment fees

Cons

  • Potentially costly factor rates compared to other types of financing
  • Weekly payments

2.5% on first loan, 1.25% on second loan, 0% on third loan and thereafter

Credibly

Funding amount

$25,000-$600,000

Term

6-24 months

Min. credit score

500

Time to funding

As fast as same day after approval

Credibly works with financially healthy businesses to provide fast financing based on receivables, and the minimum time in business is just six months. However, there is a monthly administrative fee to be aware of when comparing your options.

Pros

  • Best for funding a wide range of credit types
  • Accepts credit scores starting in the 550s
  • Quick application and decision times
  • $400,000 advance amounts available

Cons 

  • More frequent payments (daily or weekly) than with traditional loan products
  • Potentially costly factor rates compared to other types of financing

2.5% set up fee, plus $50 monthly administrative fee

Credibly

Read our review Apply now

Funding amount

$25,000-$600,000

Term

6-24 months

Min. credit score

500

Time to funding

As fast as same day after approval

Credibly works with financially healthy businesses to provide fast financing based on receivables, and the minimum time in business is just six months. However, there is a monthly administrative fee to be aware of when comparing your options.

Pros

  • Best for funding a wide range of credit types
  • Accepts credit scores starting in the 550s
  • Quick application and decision times
  • $400,000 advance amounts available

Cons 

  • More frequent payments (daily or weekly) than with traditional loan products
  • Potentially costly factor rates compared to other types of financing

2.5% set up fee, plus $50 monthly administrative fee

Expansion Capital Group

Funding amount

$5,000-$300,000

Term

3-12 months

Min. credit score

500

Time to funding

As little as 24 hours once approved

Enjoy a straightforward application process when you apply for financing through Expansion Capital Group. Credit score requirements start at 500 with a minimum annual revenue of $100,000. Newer businesses can apply too, with just six months in business required to apply. 

Pros

  • Best for subprime borrowers
  • Approval in 1 day
  • 6-month time in business requirement
  • Minimum annual revenue just $100,000
  • Prepayment incentives available

Cons

  • Daily or weekly payments, unlike with traditional loan products
  • Potentially costly factor rates compared to other types of financing

Origination fee plus flat finance fee

Expansion Capital Group

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Funding amount

$5,000-$300,000

Term

3-12 months

Min. credit score

500

Time to funding

As little as 24 hours once approved

Enjoy a straightforward application process when you apply for financing through Expansion Capital Group. Credit score requirements start at 500 with a minimum annual revenue of $100,000. Newer businesses can apply too, with just six months in business required to apply. 

Pros

  • Best for subprime borrowers
  • Approval in 1 day
  • 6-month time in business requirement
  • Minimum annual revenue just $100,000
  • Prepayment incentives available

Cons

  • Daily or weekly payments, unlike with traditional loan products
  • Potentially costly factor rates compared to other types of financing

Origination fee plus flat finance fee

Good Funding

Funding amount

$5,000-$500,000

Term

4-12 months

Min. credit score

575

Time to funding

As fast as same day

Good Funding makes it easy to get same day decisions and funding, making it an option for businesses who need cash fast. They specialize in working with a variety of industries, including auto repair, trucking, accounting, logistics, and transportation.

Pros

  • Best for newer businesses
  • $8000 minimum monthly revenue
  • 3 months time in business requirements
  • No hard pull on your credit report

Cons 

  • Daily or weekly payments, unlike with traditional loan products 
  • Potentially costly factor rates compared to other types of financing

3% origination fee

Good Funding

Apply now

Funding amount

$5,000-$500,000

Term

4-12 months

Min. credit score

575

Time to funding

As fast as same day

Good Funding makes it easy to get same day decisions and funding, making it an option for businesses who need cash fast. They specialize in working with a variety of industries, including auto repair, trucking, accounting, logistics, and transportation.

Pros

  • Best for newer businesses
  • $8000 minimum monthly revenue
  • 3 months time in business requirements
  • No hard pull on your credit report

Cons 

  • Daily or weekly payments, unlike with traditional loan products 
  • Potentially costly factor rates compared to other types of financing

3% origination fee

Forward Financing

Funding amount

$5,000-$500,000

Term

3-12 months

Min. credit score

500

Time to funding

As fast as same day

Forward Financing makes it quick and easy to qualify for a business cash advance. If you finalize your paperwork by 3 p.m. Eastern time, you could even get same-day funding. Additionally, there is no personal guarantee required and you can adjust your payments if your revenue changes.

Pros

  • Best for borrowers who may have other loans or advances
  • Same-day funding
  • 500 minimum credit score
  • Great customer reviews

Cons 

  • Daily or weekly payments, unlike traditional loan products
  • Potentially costly factor rates compared to other types of financing

Upfront processing fee (varies by loan amount)

Forward Financing

Read our review Apply now

Funding amount

$5,000-$500,000

Term

3-12 months

Min. credit score

500

Time to funding

As fast as same day

Forward Financing makes it quick and easy to qualify for a business cash advance. If you finalize your paperwork by 3 p.m. Eastern time, you could even get same-day funding. Additionally, there is no personal guarantee required and you can adjust your payments if your revenue changes.

Pros

  • Best for borrowers who may have other loans or advances
  • Same-day funding
  • 500 minimum credit score
  • Great customer reviews

Cons 

  • Daily or weekly payments, unlike traditional loan products
  • Potentially costly factor rates compared to other types of financing

Upfront processing fee (varies by loan amount)

Backd

Funding amount

$10,000-$2 million

Term

Up to 16 months

Min. credit score

600

Time to funding

As little as 24 hours

Businesses looking for a large amount of financing should consider Backd for their cash advance. This funding option can go as high as $2 million. Plus, repayment terms can extend as long as 16 months. It can take as little as 24 hours to receive funding, and payments are deducted daily or weekly. 

Pros

  • Best for customer service
  • $2 million funding amounts available
  • Repayment terms up to 16 months
  • Fast approvals and funding
  • Only a soft credit pull

Cons

  • Not available for all industries
  • Potentially costly factor rates compared to other types of financing

3% origination fee

Backd

Read our review Apply now

Funding amount

$10,000-$2 million

Term

Up to 16 months

Min. credit score

600

Time to funding

As little as 24 hours

Businesses looking for a large amount of financing should consider Backd for their cash advance. This funding option can go as high as $2 million. Plus, repayment terms can extend as long as 16 months. It can take as little as 24 hours to receive funding, and payments are deducted daily or weekly. 

Pros

  • Best for customer service
  • $2 million funding amounts available
  • Repayment terms up to 16 months
  • Fast approvals and funding
  • Only a soft credit pull

Cons

  • Not available for all industries
  • Potentially costly factor rates compared to other types of financing

3% origination fee

Kalamata

Funding amount

$50,000-$750,000

Term

6-18 months

Min. credit score

600

Time to funding

As little as 24 hours

Kalamata offers generous cash advance amounts to established businesses with revenue of at least $20,000 per month. Approvals take three hours or less, with time to fund in as little as 24 hours. Kalamata advances are available for businesses in most industries and the company works in all 50 states.

Pros

  • Best for broad range of industries
  • Prepayment incentives available
  • Approvals in three hours
  • No hard credit pull

Cons

  • Potentially costly factor rates compared to other types of financing
  • Daily or weekly payments, unlike with traditional loan products

Kalamata

Read our review Apply now

Funding amount

$50,000-$750,000

Term

6-18 months

Min. credit score

600

Time to funding

As little as 24 hours

Kalamata offers generous cash advance amounts to established businesses with revenue of at least $20,000 per month. Approvals take three hours or less, with time to fund in as little as 24 hours. Kalamata advances are available for businesses in most industries and the company works in all 50 states.

Pros

  • Best for broad range of industries
  • Prepayment incentives available
  • Approvals in three hours
  • No hard credit pull

Cons

  • Potentially costly factor rates compared to other types of financing
  • Daily or weekly payments, unlike with traditional loan products

Mulligan

Funding amount

$5,000-$2 million

Term

3-24 months

Min. credit score

625

Time to funding

As soon as same day

Mulligan caters to businesses of all sizes, with cash advances going all the way up to $2 million. You do need at least $600,000 in annual sales to apply with Mulligan. But it’s easy to do with an application that takes just minutes to complete and approval times within hours.

Pros

  • Best for custom solutions
  • Broad range of funding amounts
  • Flat financing fee
  • Quick approvals and funding 
  • No prepayment penalties

Cons

  • Potentially costly factor rates compared to other types of financing
  • Daily or weekly repayments, unlike with traditional loan products

2-4%

Mulligan

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Funding amount

$5,000-$2 million

Term

3-24 months

Min. credit score

625

Time to funding

As soon as same day

Mulligan caters to businesses of all sizes, with cash advances going all the way up to $2 million. You do need at least $600,000 in annual sales to apply with Mulligan. But it’s easy to do with an application that takes just minutes to complete and approval times within hours.

Pros

  • Best for custom solutions
  • Broad range of funding amounts
  • Flat financing fee
  • Quick approvals and funding 
  • No prepayment penalties

Cons

  • Potentially costly factor rates compared to other types of financing
  • Daily or weekly repayments, unlike with traditional loan products

2-4%

National Funding

Funding amount

$10,000-$500,000

Term

6-15 months

Min. credit score

600

Time to funding

Within 24 hours

National Funding offers flexible cash advances to use for working capital. The minimum credit score is just 600, but you will need annual revenue of at least $250,000 in order to apply. Once your application is approved and you return your financing agreement, you can get funding within 24 hours. 

Pros

  • Best for industry reputation
  • Flexible credit requirements 
  • Early repayment discounts
  • Will work with some non-profits
  • No collateral required

Cons

  • Daily or weekly payments, unlike with traditional loan products
  • Potentially costly factor rates compared to other types of financing

2.5% origination fee

National Funding

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Funding amount

$10,000-$500,000

Term

6-15 months

Min. credit score

600

Time to funding

Within 24 hours

National Funding offers flexible cash advances to use for working capital. The minimum credit score is just 600, but you will need annual revenue of at least $250,000 in order to apply. Once your application is approved and you return your financing agreement, you can get funding within 24 hours. 

Pros

  • Best for industry reputation
  • Flexible credit requirements 
  • Early repayment discounts
  • Will work with some non-profits
  • No collateral required

Cons

  • Daily or weekly payments, unlike with traditional loan products
  • Potentially costly factor rates compared to other types of financing

2.5% origination fee

Libertas

Funding amount

$50,000-$5 million

Term

3-12 months

Min. credit score

630

Time to funding

As fast as same or next day

You’ll find large cash advance amounts with Libertas, along with revenue requirements of at least $150,000 per month. But if you qualify, you can get funds deposited in as little as 24 hours. 

Pros

  • Best for high loan amounts
  • Quick funding times
  • Up to 25% prepayment discount
  • $5 million advance amounts
  • No personal guarantee required

Cons

  • Potentially costly factor rates compared to other types of financing
  • $150,000 per month revenue requirements

Unknown

Libertas

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Funding amount

$50,000-$5 million

Term

3-12 months

Min. credit score

630

Time to funding

As fast as same or next day

You’ll find large cash advance amounts with Libertas, along with revenue requirements of at least $150,000 per month. But if you qualify, you can get funds deposited in as little as 24 hours. 

Pros

  • Best for high loan amounts
  • Quick funding times
  • Up to 25% prepayment discount
  • $5 million advance amounts
  • No personal guarantee required

Cons

  • Potentially costly factor rates compared to other types of financing
  • $150,000 per month revenue requirements

Unknown

Quickbridge

Funding amount

$10,000-$500,000

Term

Up to 18 months

Min. credit score

600

Time to funding

As soon as 24 hours

Quickbridge offers cash advances that can be repaid over the course of 18 months. The credit requirements start at 600, and you need to be in business for six months with $250,000 in annual revenue to apply. 

Pros

  • Best for trade-based businesses
  • Low credit requirements compared to SBA or term loans
  • Only six months time in business required

Cons

  • Potentially costly factor rates compared to other types of financing
  • Cash advance amount maximum of $500,000

2% origination fee

Quickbridge Logo

Quickbridge

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Funding amount

$10,000-$500,000

Term

Up to 18 months

Min. credit score

600

Time to funding

As soon as 24 hours

Quickbridge offers cash advances that can be repaid over the course of 18 months. The credit requirements start at 600, and you need to be in business for six months with $250,000 in annual revenue to apply. 

Pros

  • Best for trade-based businesses
  • Low credit requirements compared to SBA or term loans
  • Only six months time in business required

Cons

  • Potentially costly factor rates compared to other types of financing
  • Cash advance amount maximum of $500,000

2% origination fee

Reliant Funding

Funding amount

Up to $400,000

Term

Flexible term lengths from 3 to 15 months

Min. credit score

500

Time to funding

As soon as 24 hours after approval

Reliant Funding offers cash advances that can be repaid over the course of up to 15 months. The credit requirements start at just 500, and you need to be in business for just three months with an annual revenue requirement of at least $60,000 to qualify.

Pros

  • Best for new businesses with lower credit
  • Quick funding
  • No personal guarantee
  • Less strict qualification requirements

Cons

  • Daily payments, unlike traditional loan products
  • Potentially costly factor rates

2% origination fee

Reliant Funding

Read our review Apply now

Funding amount

Up to $400,000

Term

Flexible term lengths from 3 to 15 months

Min. credit score

500

Time to funding

As soon as 24 hours after approval

Reliant Funding offers cash advances that can be repaid over the course of up to 15 months. The credit requirements start at just 500, and you need to be in business for just three months with an annual revenue requirement of at least $60,000 to qualify.

Pros

  • Best for new businesses with lower credit
  • Quick funding
  • No personal guarantee
  • Less strict qualification requirements

Cons

  • Daily payments, unlike traditional loan products
  • Potentially costly factor rates

2% origination fee

Lendio’s methodology

Wondering how we chose the best? We used the following criteria to evaluate the lenders in our network.

  • Time to fund
  • Minimum and maximum loan amounts
  • Lenders with fees comparable to other similar lenders
  • Requirements: Credit score, revenue, and time in business requirements
  • Flexible repayment options
  • External website reviews.

*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (September 24, 2024). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.

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