Reliant Funding Small Business Loans Review


Reliant Funding is an online alternative lender based in San Diego. Since 2008, Reliant Funding has focused on providing short-term working capital to small businesses across the country via merchant cash advances. The company has provided nearly $1.7 billion to more than 10,000 businesses since its inception.

Reliant Funding offers merchant cash advances at rates similar to those of its competitors. Merchant cash advances are an expensive way to borrow, and are generally best for businesses that generate a high volume of daily sales and can quickly repay the debt.

Pros Cons
  Relatively competitive rates and fees.   Merchant cash advances are an expensive way to borrow when compared to traditional term business loans.
  Low minimum time in business and annual revenue requirements.   Pricing not available on website.
  Same-day funding available.   Not available in all states.


Overview: Amounts, rates and fees

Reliant Funding provides same-day funding for merchant cash advances with no minimum credit score requirement.

Reliant Funding Business Financing: At a Glance
Amount Terms Starting rate Fees Min. credit score
Merchant cash advance $5,000–$400,000 3–15 months Factor rates between 1.10 and 1.40 Origination fee of $499 for funding amounts up to $50,000; No origination fee for higher amounts. 525

Merchant cash advance

Merchant cash advances are different from traditional term business loans, and tend to be much more expensive. However, they can provide funding in a hurry if you have immediate inventory or payroll needs.

When you take out a merchant cash advance, you’re generally borrowing for short-term needs. Reliant will charge you a factor rate instead of APR, and you’ll repay your loan with daily or weekly payments.

Reliant Funding charges a factor rate of 1.10 to 1.40, which means if you took out a $10,000 merchant cash advance, you’d pay $1,000 to $4,000 in interest. You’ll also need to account for a $499 origination fee if you’re borrowing less than $50,000. You can borrow anywhere between $5,000 and $400,000, and you may be able to get  same-day funding.

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Requirements: Are you eligible?

  • Minimum credit score: 525
  • Time in business: Six months
  • Annual revenue: $60,000

To qualify for a Reliant Funding merchant cash advance, you must be in business for at least six months with annual revenue of at least $60,000. Reliant doesn’t require collateral, and there is no minimum credit score requirement.

While businesses in any industry can qualify for funding from Reliant Funding, there are some geographic restrictions. Merchant cash advances are available for businesses in the U.S., except in North Dakota, South Dakota or Vermont.

Required documents

When you apply for a merchant cash advance with Reliant Funding, you’ll need to provide your bank account information along with three months of your most recent statements. Access to your bank account will be automated to process payments.

You will also need to provide:

  • Your driver’s license information
  • Contact information
  • Number of years in business
  • Gross annual sales


Reliant Funding review: Should you apply?

If you’re in a place where it’s one of your only funding options, Reliant Funding’s merchant cash advances are fairly standard.

Its factor rates are in step with the competition, and for big borrowers, the lack of origination fees on advances over $50,000 can be attractive. Funding can happen as soon as the same day, and the minimum time in business and annual revenue requirements make the barrier to entry low.

When you go to Reliant Funding’s site, you may come across information about financing products like business loans or equipment financing. Keep in mind that Reliant Funding only offers merchant cash advances to customers.



Alternatives to Reliant Funding business financing

While Reliant Funding’s fees and factor rates are competitive for merchant cash advances, you’ll want to shop the competition for loans. Reliant Funding’s competitors also offer less expensive forms of funding, like traditional term business loans.

Reliant Funding vs. CAN Capital

CAN Capital’s merchant cash advances require more borrower qualifications and higher fees than Reliant Funding. Administration fees are $595, and eligibility requirements are at least three years in business, a minimum annual revenue of $150,000 and a minimum FICO score of 600. However, if you qualify, CAN Capital does offer merchant cash advances as low as $2,500. Terms can be up to 18 months, which is longer than Reliant Funding. You may wait marginally longer for funding: Reliant Funding has same-day funding while CAN Capital’s is two business days. CAN Capital does offer term loans, which Reliant Funding does not.

Reliant Funding vs. Funding Circle

Funding Circle’s factor rates are slightly higher than Reliant Funding’s at 1.15. The repayment period can also be a little bit longer: up to 18 months compared to 15 months with Reliant. Funding Circle offers more products than Reliant Funding, including SBA 7(a) loans.

Reliant Funding vs. Rapid Finance

If you need even more funding, you may want to consider turning to Rapid Finance. Rapid Finance will issue merchant cash advances up to $500,000, and typical repayment periods stretch to 18 months rather than Reliant’s 15 months. If you are looking for less expensive ways to borrow, Rapid Finance does offer traditional term business loans and lines of credit, which Reliant Funding does not.