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Bitty Advance merchant cash advance review

Same-day funding, few requirements and early repayment discounts set this provider apart.’s rating: 2.8 / 5.0


Bottom line: Bitty Advance offers fast funding to businesses that need small-dollar financing as soon as possible. But to snag the best deal, you need to pay it off within 30 days. Low credit score requirements and same-day funding also come at a price — it’s more expensive than a bank loan or even some online providers. Read our full review or get our 30-second take.

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Min. Amount$2,000
Max. Amount$25,000
Loan Term4 to 6 months
Min. Credit Score450
APRNot applicable
Financing feeStarting at 1.19%
Requirements$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score


  • Factor rates start at a low 1.19
  • Same-day funding available
  • Works with all industries and credit types


  • No advances over $25,000
  • Expensive compared to a bank loan
  • Higher factor rates if you don't take advantage of early repayment discounts

Our take on Bitty Advance

Bitty Advance merchant cash advances could be a good option for small, customer-facing businesses that need funding for working capital or an emergency expense. Especially if you work in a high-risk industry or have poor credit. It can provide funding as soon as the same day and it accepts credit scores as low as 450.

It’s a particularly good deal if you need an advance that you’re able to repay quickly. Bitty Advance offers two discounts for early repayments: 30% if the advance is paid off within 30 days and 20% if it's paid off within 60 days. While I’ve seen lower fees on other similar products, its fees are relatively standard. It also only offers advances up to $25,000, which is low for a merchant cash advance company.

While Bitty Advance is competitively priced compared to similar providers, merchant cash advances are one of the most expensive types of business financing out there. If your business can qualify for a term loan or line of credit, you might be able to find a product with a lower cost.

Bitty Advance rates, fees and terms

Bitty Advance doesn’t charge interest on its merchant cash advance. Instead, it charges a fixed fee called a factor rate, which is typical for this type of funding.

  • Fees start at $0.49 on the dollar, which is equivalent to a 1.49 factor rate
  • Terms run from 4 to 6 months
  • Bitty Advance lowers the starting factor rate to 1.29 if you pay off the advance within 60 days
  • Bitty Advance lowers the starting factor rate to 1.19 if you pay off the advance in 30 days
  • Repeat customers can also qualify for discounts

How much you can borrow depends on your sales. Typically, businesses qualify for between 60% and 75% of their average monthly revenue over the past three months.

Payments are due every day or week — depending on your contract.

Additional fees

When you take out an advance, there’s also a processing fee and ACH fee, which can vary depending on the customer. You also have to pay a monthly maintenance fee of $49.

How Bitty Advance compares to other providers

See how Bitty Advance compares to two other lenders in the space — Fora Financial and Credibly. Since both providers offer merchant cash advances and business loans, their requirements may be more stringent based on the product you’re considering.

Name Product Filter Values Min. Amount Max. Amount Requirements
Credibly business loans
$5,000 to $400,000
$5,000 to $400,000
6+ months in business, $15K+ in monthly deposits, 500+ credit score
Funding to cover business expenses with daily or weekly repayments.

Compare up to 4 providers

Bitty Advance reviews and complaints

Bitty Advance only has a few reviews, but the majority are positive. It earns a customer review rating of 4.2 out of 5 stars on Trustpilot and it doesn’t have a page on the Better Business Bureau page website as of August 2021.

  • Positive reviews cite a fast turnaround, simple application and quality customer service.
  • Average reviews are mostly from borrowers who had issues with taking out or paying off the cash advance, but quickly had the issue resolved.
  • Negative reviews are rare and mostly from businesses that were struggling to pay off the advance. And appears that Bitty Advance has reached out to resolve these issues for the most part.

How to qualify

You need to meet the following requirements at a minimum to qualify for a Bitty Advance merchant cash advance.

  • At least $5,000 in monthly bank revenue
  • Credit score of 450 or higher
  • At least six months in business
  • Business checking account

Bitty Advance is available in all 50 states and doesn’t have any industry restrictions.

How the application works

You can get started on your application online or over the phone by calling 800-324-3863. To get started online, you apply by filling out a form on the Bitty Advance website with basic information about yourself and your business.

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.

How do repayments work?

Bitty Advance merchant cash advances come with automatic daily or weekly repayments. And be prepared to pay a $49 service fee each month. If you have any questions, reach out to a Bitty Advance customer service representative.

What sets it apart

Bitty Advance’s same-day turnaround and early repayment discounts are what set it apart from other merchant cash advance providers. It also has lower credit score requirements than most providers and no industry restrictions, which is rare.

But even with the discounts, you still might be able to find lower fees elsewhere — though the credit requirements may be tougher for lower-cost options.

These advances are also on the low end compared to other products. This is great if you need an advance under its maximum and can't qualify with a traditional business loan. But look elsewhere for if you're looking for more than $25,000 in financing.

Is Bitty Advance legit?

Yes, Bitty Advance is a legitimate merchant cash advance provider. Founded in 2018, financed thousands of small businesses across the country.

It’s also recently gone through some major changes. Rapid Capital Funding founder Craig Hecker acquired Bitty Advance in July 2020. Since Bitty Advance has started to offer larger advances and updated requirements and fees.

Is Bitty Advance the same company as Fundzio?

No, Bitty Advance and online lender Fundzio are different companies. But they have a shared past. They had the same owner before July 2020. They also shared the same address in Fort Lauderdale, Florida. But they offered separate products.

See how Bitty Advance compares to other financing options before you apply to make sure it’s the right fit for your business.

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Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

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