Is Cardiff a broker or lender?

Cardiff is a direct lender, not a broker. The company provides a variety of funding for small businesses, including merchant cash advances, credit cards, business lines of credit and equipment leasing.

What are the eligibility criteria for Cardiff funding?

The specific criteria vary by loan type, but at a minimum, you need to have a credit score above 550, be a legal resident of the United States, have a separate business bank account, be in business for at least six months and earn $20,000 in revenue per month.

What is the interest rate for Cardiff loans?

For its primary type of financing (merchant cash advance), Cardiff uses a factor rate instead of a standard APR. Factor rates run between 1.1 and 1.5. For example, if you borrowed $100,000 at a factor rate of 1.3, you would end up paying a total of $130,000.