Best Business term loans (2026) | Merchant Fund Express

How it works

$10,000 to $250,000. Term 12 to 18 months. Weekly payments. 0% origination fee.

Capped at 15% of annual revenue — so a $500,000-a-year business tops out near $75,000 regardless of score.

A full early payoff earns a 50% discount on the remaining interest. First position only.

What it takes

Requires Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.

There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.

Average daily balance of $5,000, or 10% of monthly revenue, whichever is greater. Up to 3 negative days a month, 9 per six months and up to 6 NSFs a month, 24 per six months.

The trade-off worth knowing

The 15% cap is the line most people are surprised by. Check it before you plan around an amount.

Restricted regardless of the numbers: new residential construction, residential remodelling, long-distance (TL or LTL) trucking, used car dealers, and real estate agents, brokers, managers or lessors. Funding in every US state except Vermont, North Dakota and South Dakota.

Questions

What does it cost?

Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.

What credit score do I need?

There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.

How fast?

Same-day decision, next business day funding on a complete file.

Can I apply with an existing advance?

Yes, up to two existing positions.

Best business term loans