Best Merchant Loan Companies

A merchant cash advance or merchant loan is a way for a business to get money quickly and without much hassle. Some may refer to it as a loan, but it’s actually a way for a finance company to purchase future credit card sales from your business. These companies are the best in the business for getting a merchant cash advance.

PayPal Working Capital

PayPal is best known for payment processing, but the company also offers merchant cash advances to those looking for funds. The site claims to give you funding in just minutes, and it offers flexible payments. Rather than interest, PayPal Working Capital uses one affordable fixed fee and requires that 10% of the total original loan amount is paid every 90 days until the loan is paid in full. PayPal Working Capital doesn’t require a credit check or personal guarantee and there are no prepayment penalties.

Square Capital

Square is another payment processing service that offers merchant cash advances to small businesses. It claims that you can receive money as quickly as the next business day so that you can get cash fast. The payments are automatically deducted from your daily card sales, and, instead of an interest rate, you pay one flat, fixed fee. Square Capital has multiple plans for businesses ranging from $7,500 to $10,000 borrowed. To be eligible, you need to create a Square account and process payments using Square’s payment systems.

American Express

American Express is a major credit card company, and it also offers thousands to those looking for a merchant loan. Depending on your credit and debit card sales, you may have access to hundreds of thousands of dollars. American Express charges a one-year financing fee of 6-14%, and there is no loan origination fee. The application process is a three-step online application that can help you get funds quickly. The payments are deducted automatically, and the percentage is based on how much you borrow.

Capital for Merchants

Capital for Merchants is solely dedicated to merchant loans and has been in business since 2005. It’s also accredited with the Better Business Bureau with an A+ rating. This company states that you may receive approval in as little as 24 hours and funding in as little as 72 hours. The application process requires you to fill out one page of information. Repayment can be completed in two ways: ACH or a percentage of your daily debit and credit card sales.


ForwardLine has financial opportunities for small businesses that need cash quickly. You can apply online in minutes and have funds in as little as one business day, according to the site. ForwardLine doesn’t have any hidden fees and the rates are fixed, so you know what you’re paying in the long run. Applying doesn’t affect your FICO score, and you’ll be happy to know that the Better Business Bureau accredits this business with an A+ rating. ForwardLine states that it has low competitive rates, instant credit decisions, and no monthly due dates.

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