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Bitty Advance business loans review

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With APRs in the triple digits, this is best saved as a last resort

Bitty Advance business loans are designed for businesses that can’t qualify for a traditional bank loan. With minimal requirements, this lender can get your business up to $10,000 for your short-term needs. But it can get expensive, and you’ll have to make daily or weekly repayments.


Min. Amount


Max. Amount


Product NameBitty Advance business loan
Min. Amount$2,500
Max. Amount$10,000
Loan Term3 to 9 months
Requirements$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months

First, do I qualify?

You must meet the following criteria to qualify for a Bitty Advance business loan:

  • $5,000 monthly bank revenue
  • At least six months in business
  • Business bank account open at least three months

What makes Bitty Advance business loans unique?

Bitty Advance business loans have relatively few requirements and a simple application process. They’re designed for businesses that haven’t been around for long, don’t have a lot of revenue or don’t have the best credit.

The lender also offers a more hands-on experience than you might find with similar short-term business financing providers, making it easier to understand exactly what you’re getting into before you sign the contract.

What is a Bitty Advance business loan?

A Bitty Advance business loan is a cash advance on your business’s future receivables. Your can typically borrow between 60% and 75% of your business’s average monthly revenue over the past three months, with a minimum of $2,500 and a maximum of $10,000. While it doesn’t require collateral, Bitty Advance encourages businesses to secure the loans with real estate or equipment.

Rather than charging interest, your business pays a fixed fee that runs from $0.40 to $0.60 on the dollar. When you take out a loan, there’s a processing fee and ACH fee, which can vary depending on the customer. And you also have to pay a monthly maintenance fee of $49. Repayments are due every day or week — depending on your contract.

What are the benefits of a Bitty Advance business loan?

From its fast turnaround to its lenient eligibility requirements, here are a few perks of borrowing from Bitty Advance:

  • Easy to qualify. Bitty Advance is designed for small business owners who’ve struggled to get financing elsewhere — you only need to be around for six months and have $5,000 in monthly revenue to qualify.
  • Quick turnaround. You might be able to get your funds as soon as the same business day.
  • Quality customer service. When we called Bitty Advance to learn more about its loans, we were met with a helpful customer service rep who was a lot more forthcoming about rates, fees and terms than most short-term business lenders.

What to watch out for

Consider these potential drawbacks before borrowing from Bitty Advance:

  • High cost. The fees it charges can lead to APRs that range from 90% to 330%.
  • Fees. In addition to the main fee, your business has to pay a processing and ACH fee up front, as well as a monthly maintenance fee of $49.
  • Extremely limited website. You might not be able to find much information about how the loan works or what terms to expect without speaking to a customer service rep.
  • Frequent repayments. Repayments are due on a daily or weekly basis, making it a less flexible funding option for businesses that don’t always have money coming in every day.

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Updated October 17th, 2019
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1+ years in business, $50,000+ annual revenue or $4,200+ monthly revenue over last 3 months
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Must read: Beware of over-borrowing

With such liberal credit requirements, high costs and an option to renew before you’ve fully paid off your loan, it can be easy to get your business stuck in a cycle of debt. Before you borrow, make sure you’ll be able to make the relatively high and frequent repayments that come with this short-term product.

What do borrowers say about Bitty Advance business loans?

Customers haven’t said much about Bitty Advance as of September 2019. It doesn’t have a Better Business Bureau (BBB) page, and it doesn’t have any reviews on its Trustpilot page.

However, one customer complained about Bitty Advance on the loan connection service Circadian Funding’s BBB page. They were connected with financing from Bitty Advance through Circadian Funding’s service, but weren’t aware they’d be on the hook for the $49 monthly maintenance fee.

How do I apply?

You can get started on your application online or over the phone by calling 800-324-3863. Make sure your business meets the requirements before getting started. Then follow these steps to apply online:

  1. Go to the Bitty Advance website.
  2. Scroll down to the bottom of the page.
  3. Fill out the form with basic information about yourself and your business.
  4. Click Send.

Once you submit the form, you should be contacted by a customer service rep to discuss your business’s options. Follow their directions to submit the necessary documents and go over your contract before electronically signing it. You may be able to get your funds as soon as the same day your contract goes through.

What documents do I need to apply?

You need to provide the following documents when you apply for a Bitty Advance business loan:

  • Three months of bank statements
  • Voided check
  • Driver’s license

I got the Bitty Advance business loan. Now what?

Your repayments begin soon. Depending on your contract, you repay your loan with automatic daily or weekly repayments. Also, be prepared to pay a $49 service fee each month. If you have any questions, reach out to a Bitty Advance customer service representative as soon as possible.

Bottom line

It’s not difficult to qualify for a Bitty Advance business loan. But with the high cost and daily or weekly repayments, it’s best for businesses that can’t qualify for a better deal elsewhere. See how it compares to other types of financing with our guide to business loans.

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