topcreditcardprocessors video evaluation
Our Selection Process For
Best Merchant Cash Advance Loans

Last updated: August 1, 2016

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Best

Top 30 Merchant Cash Advance Companies

Best Merchant Cash Advance Loans - August 2016

UPWARD
TREND
DOWNWARD
TREND
NO
CHANGE
 
 

Rank

Company Name

Year
Founded

Revenue

Fulltime
Employees

Active
Clients

Client
Retention
Rate

Pricing

Major Clients

Other Core
Services

Rates

Calculation Methods

Customer Support

Efficiency

Security

Overall Score

0
100
 
G
VG
E
 

Change in Rank

Leaders

1

Aliant Payment Systems

Ft. Lauderdale, Florida

Eric R. Brown
888-638-6103
More info

Visit Website

2003

$3 million - $5 million

150

5,000+

95%

L

Taylor's Closet, Broward Education Foundation, Unforgettable Prom Foundation, Inc.

 

100

 

100

 

100

 

100

 

100

100%

NC

 

2

BankCard USA

Agoura Hills, California

Shawn Skelton
800-735-4171
More info

Visit Website

1998

$1 million - $3 million

332

20,000+

96%

L

Coastal Dermatology, Supertone Hearing, Lunaria Music

 

100

 

99

 

100

 

99

 

100

99.6%

NC

 

3

Credit Card Processing Specialists

Grandville, Michigan

Mike Konig
877-554-5853
More info

Visit Website

2010

$250,000 - $1 million

30

1,000+

98%

M

Main Street Technologies, Advance Auto Parts, South Central Pallets, Discovery Network, Ace Hardware

 

99

 

100

 

99

 

100

 

98

99.2%

NC

 
Strong Performers

4

RedFynn

Thousand Oaks, California

Elton Hernandez
888-510-9871
More info

Visit Website

2002

Above $10 million

400

153,000+

99%

L

Confidential.

 

100

 

99

 

98

 

99

 

98

98.8%

NC

 

5

Maverick Capital

Agoura Hills, California

Alan Griefer
800-464-9777
More info

Visit Website

2000

$3 million - $5 million

30

153

98%

L

Confidential.

 

96

 

99

 

100

 

97

 

100

98.4%

NC

 

6

United Payment Services

Newbury Park, California

Sales Manager
866-886-4833
More info

Visit Website

1998

Above $10 million

50+

10,000+

97%

L

Arinc, Rockwell Collins, Otis Spunkmeyer, La Brea Bakery, IBM

 

97

 

97

 

100

 

96

 

100

98%

NC

 
Contenders

7

On Deck

Sherman Oaks, California

Brad Kime
888-269-4246
More info

Visit Website

2007

$5 million - $10 million

75

35+

90%

L

drinknomsi.com, getthatwholesale.com, iHealthspot, Inc., Jazz at Jacks

 

96

 

99

 

98

 

100

 

96

97.8%

NC

 

8

GDpay

Phoenix, Arizona

Craig Yox
888-600-2602
More info

Visit Website

2006

$250,000 - $1 million

17

77

86%

L

Confidential.

 

96

 

98

 

97

 

100

 

97

97.6%
Increased +17

+17

 

9

Merchant Choice Card Services

Leonia, New Jersey

Todd Linden
201-592-5927
More info

Visit Website

1989

$3 million - $5 million

41

300+

93%

L

IBAT, Planet, NC Bankers GHBA NACUBO, First Data

 

97

 

98

 

97

 

99

 

95

97.2%
Increased +12

+12

 

10

Advance Funds Network

Brooklyn, New York

Douglas H.
844-205-8441
More info

Visit Website

2007

$3 million - $5 million

136

500+

94%

M

Human Resource and Staffing Services Greensboro, NC, Vernai, UT Trucking Company Small Business Loans, Soldotna, Alaska Veterinary Clinic and Pet Care

 

97

 

98

 

97

 

96

 

97

97%
Increased +5

+5

 

11

Merchantcash.com

Tampa, Florida

Robert Labutis
813-673-8161
More info

Visit Website

1999

$250,000 - $1 million

12

24

88%

M

Confidential.

 

99

 

96

 

95

 

96

 

97

96.6%
Increased +2

+2

 

12

CardSmart Merchant Services

Las Vegas, Nevada

Eric Elam
866-767-2273
More info

Visit Website

1989

$250,000 - $1 million

26

100+

90%

M

Available upon request.

 

96

 

97

 

96

 

97

 

95

96.2%
Increased +15

+15

 

13

CardPayment Solutions

Thousand Oaks, California

Chris Curry
888-571-0299
More info

Visit Website

2004

$1 million - $3 million

24

59

90%

L

Available upon request.

 

95

 

98

 

96

 

95

 

96

96%
Increased +17

+17

 

14

ICBA Bancard

Tampa, Florida

John H. Buhrmaster
888-640-1092
More info

Visit Website

1985

$1 million - $3 million

32

54

90%

L

TCM Bank , Vantiv , Fiserv , Bancard University

 

95

 

96

 

94

 

97

 

97

95.8%
Decreased -4

-4

 

15

Yellowstone Capital

New York, New York

Rafael Russ
855-972-2748
More info

Visit Website

2009

$250,000 - $1 million

43

50+

95%

L

Raydar & Associates, Inc, Charlotte Family Yoga Center, Riverland LD&S, Inc., Revenue Systems Inc.

 

94

 

96

 

97

 

95

 

95

95.4%
Increased +7

+7

 

16

POS Alliance

Doral, Florida

Martin Perez
888-857-7459
More info

Visit Website

2006

$250,000 - $1 million

18

100+

91%

L

Confidential.

 

96

 

96

 

95

 

93

 

95

95%

NC

 

17

1st Merchant Funding

Miami, Florida

Levi Rosenblum
866-710-2265
More info

Visit Website

2007

$1 million - $3 million

23

90

92%

H

McCoy Pizza, Tee Luck Lounge

 

94

 

94

 

94

 

96

 

96

94.8%
Decreased -5

-5

 

18

Direct Capital Corporation

Portsmouth, New Hampshire

James Broom
866-777-0117
More info

Visit Website

1993

$5 million - $10 million

253

1000+

92%

L

Georgetown Group, HDT, Wooden Ships, Inc, Infrastructure Insights, Inc., Wild Pets

 

93

 

94

 

94

 

96

 

96

94.6%
Decreased -1

-1

 

19

DCC Merchant Services USA

Westbury, New York

Thomas M. Dunn
888-322-8632
More info

Visit Website

2005

$1 million - $3 million

27

100+

88%

L

Available upon request.

 

95

 

96

 

94

 

93

 

94

94.4%
Decreased -11

-11

 

20

Beacon Payments, LLC

Boston, Massachusetts

Jerry Kadish
617-986-4446
More info

Visit Website

1998

$5 million - $10 million

136

10,000+

94%

M

Available upon request.

 

93

 

95

 

94

 

95

 

94

94.2%

NC

 

21

Merchants Choice Payment Solutions

The Woodlands, Texas

Charles Vernon
800-327-0093
More info

Visit Website

1989

$3 million - $5 million

41

300+

93%

L

First Data, woodforest, National Bank, Pos partners, Paymentech

 

92

 

95

 

95

 

92

 

95

93.8%
Increased +7

+7

 

22

Reliant Services Group

San Diego, California

Adam Stettner
877-850-0998
More info

Visit Website

2007

$250,000 - $1 million

25

78

92%

M

Café Med, GKB Framing, Wizard of Oz Catering, Desert Ovens Pizzeria, Dave & Jerry's Auto

 

92

 

93

 

95

 

95

 

92

93.4%
Decreased -13

-13

 

23

FlashAdvance

Ft. Lauderdale, Florida

Jack Jannett
888-959-4323
More info

Visit Website

2007

$1 million - $3 million

25+

1,000+

95%

M

Confidential.

 

95

 

92

 

93

 

94

 

92

93.2%

NC

 

24

Finical Inc.

Oak Park, California

Aaron Nasseh
888-707-7258
More info

Visit Website

2012

$1 million - $3 million

214

1000+

94%

L

Available upon request.

 

93

 

92

 

92

 

93

 

94

92.8%

NC

 

25

AmeriMerchant

New York, New York

David Goldin
212-779-2528
More info

Visit Website

2002

$1 million - $3 million

14

68

90%

L

Confidential.

 

93

 

91

 

94

 

91

 

94

92.6%
Increased +1

+1

 

26

Rapid Capital Funding

Gardena, California

Craig Hecker
888-702-2748
More info

Visit Website

2008

$250,000 - $1 million

15

300+

90%

L

BusinessWeek, CNBC, The New York Times, Inc 500

 

92

 

92

 

91

 

94

 

92

92.2%
Decreased -12

-12

 

27

Advanced Merchant Services

Jacksonville, Florida

Jason A. Felts
888-355-8472
More info

Visit Website

2007

$1 million - $3 million

29

200+

93%

M

Available upon request.

 

91

 

93

 

91

 

91

 

93

91.8%
Decreased -16

-16

 

28

Solupay

Twinsburg, Ohio

Joe Musitano
888-765-8729
More info

Visit Website

2004

$3 million - $5 million

29

200+

97%

H

Available upon request.

 

92

 

91

 

93

 

91

 

90

91.4%
Decreased -9

-9

 

29

Rafter J Funding Services

San Angelo, Texas

Stephen F. Williams
855-461-1685
More info

Visit Website

2009

$250,000 - $1 million

10

25

98%

L

Confidential.

 

90

 

91

 

90

 

92

 

92

91%

NC

 

30

ForwardLine Financial

Woodland Hills, California

Craig Coleman
866-623-4900
More info

Visit Website

2003

$1 million - $3 million

2

25+

95

L

Leisure Lifestyles, The Color Studio & Salon, National Park Village & The Country Supermarket, Pepper Palace

 

89

 

92

 

89

 

92

 

91

90.6%
Decreased -12

-12

 
Evaluation Criteria: Best Merchant Cash Advance Loans
Rates
Rates

Merchants looking for cash advance services are looking for a service which has fair rates associated with the loan or cash advance. During our analysis of merchant cash advance providers we compare the fees and rates associated with the cash advance to ensure the fees the merchant will incur over their use of the cash advance is competitive to others offering similar cash advances and financial stability solutions.

Calculation Methods
Calculation Methods

There are a number of different methods which merchant cash advance providers can use to calculate the payments required by the merchant for repayment in addition to how fees and interest rates are being calculated. We compare the different methods used by merchant cash advance services in order to recommend the vendors which are offering merchants an acceptable way to repay the cash advance they receive.

Customer Support
Customer Support

Due to the nature of the service it is important for the cash advance loan provider to provide their merchants with an effective channel of communication to discuss terms of repayment, the terms of their agreement, or to discuss the requirements of receiving a loan. Customer support needs to be available to both new and existing clients to ensure clear communication and understanding between both parties.

Efficiency
Efficiency

The process used to apply for and determine the eligibility of receiving a merchant cash advance should be simple and straight forward for the merchant. The merchant should be able to simply provide the information requested in order for their eligibility to be determined. The internal process of the merchant cash advance company should also be quick and efficient to deliver a decision as soon as possible.

Security
Security

It is also important for the security concerns and practices of the merchant cash advance company to be comprehensive to ensure that their client information is being held securely. It is also important for the vendor to ensure that payment information and repayment efforts to be properly secured and classified to protect the identity and the security of sensitive information from falling into the hands of unauthorized parties.

 
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