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Funding Merchant Source review

Small loans for new businesses and decent reviews — but customer service can be unresponsive.

Bottom line: Funding Merchant Source offers merchant cash advances, invoice factoring and inventory financing. But like many short-term lenders, it isn’t upfront about the cost of its products. Read our full review.

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Min. Amount$10,000
Max. Amount$3,000,000
Loan TermNot stated
APRNot stated
Requirements6+ months in business and at least $150,000 annual revenue


  • Three funding options
  • Credit card processing not required
  • Positive customer reviews


  • Not up front about costs
  • Daily payments required
  • Conflicting requirements on website

Funding Merchant Source rates, fees and terms

Funding Merchant Source isn't up front about the cost of its loans. While it offers merchant cash advances, invoice factoring and inventory financing, you won't find many details until after you apply.

Repayment terms are based on your business and are a percentage of your daily sales. So there's no set loan term. Instead, you'll continue to make daily payments until your loan is paid off. Typically, however, it takes between three and 24 months.

How Funding Merchant Source compares to other lenders

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Funding Merchant Source reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 3.87 out of 5 stars, based on 15 customer reviews
BBB customer complaints 7 customer complaints
Trustpilot Score 4.9 out of 5 stars, based on 248 customer reviews
Customer reviews verified as of 18 March 2021

Funding Merchant Source receives mixed reviews. Some report problems with multiple calls, high costs and difficulty reaching customer service. Others say they're pleased with the quick funding and personalized experience — citing customer service members.

That being said, when we tried calling the main phone number listed on its website, we weren't able to reach a customer service representative.

How to qualify

Funding Merchant Source isn't up front about the eligibility criteria you and your business will need to meet. However, we were able to find these requirements:

  • Annual net income of $150,000 or more
  • At least six months in business
  • Not a sole proprietorship

Importantly, Funding Merchant Source does not require your business to process credit cards.

How the application works

Funding Merchant Source doesn't have a typical online application, although you will be able to submit all your information on its website.

To get started, you will need to provide basic details about your business as well as your contact information. You'll also have a chance to submit your three most recent bank statements — but this isn't required until later in the application process.

It then states you'll need to e-sign its application. On it, you'll provide a few more details, including your gross annual sales, plans for funds and information about the principal owner.

Once you submit your information, Funding Merchant Source will review your details and be in touch about your application. If approved, you'll receive loan documents to sign. Your payments are deducted from your daily sales based on a percentage until the full amount is repaid.

What sets it apart

There isn't much that sets Funding Merchant Source apart from its competitors. Like many short-term business lenders, you can qualify as a newer business with a relatively low annual revenue. Most importantly, you won't need to process credit card payments to qualify.

But beyond that, it's all pretty standard. Daily payments are standard for merchant cash advances, and there isn't much information about its invoice factoring or inventory financing.

Is Funding Merchant Source legit?

Funding Merchant Source is legitimate — even if its website lacks some key information, like cost details. It's BBB accredited and receives decent overall ratings.

While it does have a privacy policy, it's shorter than most lenders. It doesn't provide details on how your information will be used and shared. This isn't necessarily a sign that it's not legit, but if you decide to use Funding Merchant Source, ask about how it stores and secures your personal and business information.


Review by

Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.

Expert review

Funding Merchant Source could be a good choice if you’re looking for a short-term business loan — but it isn’t upfront about costs. Unlike most lenders that offer merchant cash advances, your business doesn’t need to process credit cards to qualify.

You’ll also be able to qualify as a new business. Funding Merchant Source is open to startups with at least six months in business and $150,000 in annual revenue.

But prepare for daily payments based on your sales. While this can help keep costs down if you experience a slump, it means there’s no set end to your loan term. Funding Merchant Source also has limited customer service options and a slim privacy policy.

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