7 Loans Like Fundo for Merchant Cash Advances (MCAs) in 2026

Fundo offers merchant cash advances (MCAs) from $500 to $10,000. It specifically caters to microbusinesses, gig workers and other self-employed individuals. It has lenient requirements to qualify, including only $1,500 in monthly revenue and three months in business.

But it’s an expensive form of funding, with factor rates as high as 3.5, and it doesn’t disclose rates or fees on its website. It also has shorter loan terms than some competitors, meaning weekly payments could be steep depending on how much you borrow.

If you want to explore your options fully, check out these alternative loans like Fundo, which may have better rates or more favorable terms. We also included other types of business funding to consider if a Fundo MCA isn’t the right move for you.

Our 7 top picks for loans like Fundo

• Best for online business loans: Fundera business loans
• Alternative for comparing business loans: Lendzi
• Alternative for PayPal users: PayPal Working Capital loans
• Alternative for Square users: Square Loans
• Alternative for low-rate cash advances: Credibly business financing
• Alternative for B2B businesses: FundThrough Invoice Factoring and Financing
• Alternative for a business line of credit: OnDeck business lines of credit

Best for online business loans

9.5 Excellent Fundera business loans

9.5 Excellent

$5,000 – $5,000,000

Varies by lender

Varies by lender

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Why we like it Fundera by NerdWallet is a business loan marketplace that connects small business owners with multiple lenders through a single application. The platform offers access to term loans, SBA loans, lines of credit, equipment financing and more, with loan amounts ranging from $5,000 to $5 million. With a quick online application using only a soft credit check, Fundera has helped over 77,000 small businesses secure more than $5.4 billion in funding. The platform provides dedicated loan specialists for personalized guidance, and funding can be as fast as one business day. Pros & cons Pros Free service Single application connects you with multiple lenders Soft credit check won't impact credit score Fast funding possible within 24 hours Cons Rates and fees aren't disclosed upfront Not a direct lender, terms set by partners Limited network compared to larger marketplaces

Alternative for comparing business loans

9.5 Excellent Lendzi

9.5 Excellent

$5,000 – $5,000,000

6 months to 25 years

Varies by lender

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Why we like it Lendzi is a highly rated business loans marketplace that allows you to compare multiple lenders with a single application. Like Fundo, it has merchant cash advances, but it also offers other loan types and a team of lending specialists that can help you determine the best type of financing for your business. It has a low minimum credit score to qualify, and some loan options can be funded as soon as the same day. But it doesn't disclose rates and fees on its website, and some types of financing can be pricey. It's also geared more toward small businesses than individuals, so some self-employed workers may not qualify. Pros & cons Pros Explore multiple lenders with one application Low credit requirements Same-day funding possible Cons Not transparent about rates and fees Some loan options are expensive May not be appropriate for some self-employed workers

Alternative for PayPal users

Not scored yet PayPal Working Capital loans

Not scored yet

$1,000 – $400,000

Varies

Fee based

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Why we like it Small businesses that use PayPal to process sales can access up to $200,000 in MCA funding (or $300,000 for returning customers) from PayPal Working Capital. That's far more than you can borrow from Fundo, and you only need to bring in $15,000 in annual sales with a PayPal Business account, or $20,000 with a Premier account, similar to Fundo's revenue requirement. But it doesn't disclose its rates and fees, so you'll need to apply to find out the cost. And you're required to pay at least 5% or 10% of your loan amount, depending on your loan term, every 90 days. If you don't meet the minimum, your entire loan balance could become due. Pros & cons Pros MCAs up to $300,000 Same-day funding possible No credit check Cons Not transparent about rates and fees Minimum payment required every 90 days Must have a PayPal Business or Premier account

Alternative for Square users

Not scored yet Square Loans

Not scored yet

$100 – $500,000

Up to 18 months

Varies

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Why we like it If you use Square payment processing for your business, you might be eligible for up to $350,000 in financing, much more than you can get from Fundo. But it's also good for microbusinesses because loan amounts start as low as $100. There's no impact on your credit to apply, and you typically only need to bring in $10,000 a year in Square sales. But applications are by invitation only, you're required to repay at least 1/18 of your balance every 60 days and it requires daily repayments. Pros & cons Pros Wide range of funding amounts Low annual revenue requirement Same-day funding possible Cons Must be invited to apply Minimum payment required every 60 days Must use Square for payment processing

Alternative for low-rate cash advances

7.6 Great Credibly business financing

7.6 Great

$5,000 – $10,000,000

Not listed

Not listed (factor rates as low as 1.11)

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Why we like it Factor rates for MCAs from Credibly start as low as 1.11, which is much better than Fundo's lowest rate of 1.7. And it offers larger loan amounts — up to $600,000 — and longer loan terms. Or if you decide a business cash advance isn't the right fit, Credibly also provides other types of business financing, such as term loans or lines of credit. But its lowest loan amount is on the high side compared to Fundo, at $5,000, which may be more than some small businesses need. It also requires at least $15,000 in monthly revenue. Plus, while the minimum credit score is only 500, you'll need good credit and strong financials to qualify for the best rates. Pros & cons Pros Low starting factor rates Loan amounts up to $600,000 Also offers other types of business financing Cons Requires $15,000 in monthly revenue Relatively high minimum loan amount Need good credit for the best rates

Alternative for B2B businesses

9 Excellent FundThrough Invoice Factoring and Financing

9 Excellent

$500 – $10,000,000

1 to 3 months

1.9%–2.9% per 30 days (invoices up to $999,999); custom pricing for $1M+

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Why we like it For businesses that invoice other businesses or government agencies, invoice factoring by FundThrough is another option to consider. It's similar to an MCA in that you're basically selling future revenue for cash now rather than taking out a loan. Plus, there's no minimum credit score or time-in-business requirements, and funding is as fast as the next business day. But it's typically one of the more expensive forms of business funding, like a Fundo MCA. It's also only suitable for certain types of businesses. Pros & cons Pros Funds up to 100% of eligible invoices No credit score or time in business requirements Funding as soon as next day Cons Typically an expensive form of financing Cost increases the longer it takes your customers to pay Only makes sense for B2B firms

Alternative for a business line of credit

9.4 Excellent OnDeck business lines of credit

9.4 Excellent

$6,000 – $200,000

18–24 months (term loan); up to 12 months per draw (line of credit)

Not publicly listed — disclosed before signing

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Why we like it For a more flexible form of funding than an MCA from Fundo, OnDeck offers unsecured business lines of credit. You only pay interest on the funds you use, and your available balance replenishes as you pay it back. It also gives you access to instant draws up to $10,000, even on days when banks are closed, and it helps to build business credit — something Fundo doesn't do. But rates can be high if you don't have excellent credit, with an average APR of around 56%. Plus, you'll need at least $100,000 in annual revenue, and the minimum credit score to qualify is 625. Pros & cons Pros Lines of credit up to $200,000 Access to instant funding draws up to $10,000 Builds business credit Cons Rates around 56% Requires $100,000+ annual revenue Minimum 625 credit score

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How does Fundo compare?

Fundo provides MCAs up to $10,000 for microbusinesses, gig workers and other self-employed individuals who may have trouble qualifying for more traditional financing. Funding is fast, and it has relaxed revenue and time-in-business requirements. But it’s more expensive compared to other options on our list, and it has a relatively low maximum loan amount.

To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.

Written by

Lacey Stark

Writer

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Lacey Stark is a freelance personal finance writer for Finder, specializing in banking, loans, investing, estate planning, and more. She has 20 years of experience writing and editing for magazines, newspapers, and online publications. A word nerd from childhood, Lacey officially got her start reporting on live sporting events and moved on to cover topics such as construction, technology, and travel before finding her niche in personal finance. Originally from New England, she received her bachelor’s degree from the University of Denver and completed a postgraduate journalism program at Metropolitan State University also in Denver. She currently lives in Chicagoland with her dog Chunk and likes to read and play golf. See full bio