CFG Merchant Solutions

Overview

CFG Merchant Solutions (CFGMS) is a New York-based specialty finance and alternative lending platform founded in 2015, focusing on providing capital access to small and mid-sized businesses that have been underserved by traditional financial institutions. The company offers merchant cash advances and revenue-based financing with a focus on sales history and cash flow rather than credit scores. CFG has funded over $1 billion to businesses nationwide and is known for its fast funding timeline—often within 24 hours after approval. While the company doesn’t publish specific factor rates or minimum requirements publicly, industry reviews indicate factor rates typically range from 1.2 to 1.5, with funding amounts from $10,000 to $1 million.

Key Differentiators:

• Fast funding: Capital often available within 24 hours after approval
• Credit flexibility: Approval based on sales and cash flow, not just credit score
• Revenue-based repayment: Flexible payments tied to business revenue
• Industry focus: Works with retail, restaurants, healthcare, trade, and service businesses
• Customized programs: Tailored financing based on unique business needs
• High approval rate: 80%+ of qualified applicants receive funding

Merchant Cash Advance Details

Factor Rates & Terms

• Factor rates: 1.2–1.5 (estimated based on industry reviews, varies by business)
• Advance amounts: $10,000 – $1,000,000
• Holdback percentage: 10–20% of daily credit/debit card sales or ACH withdrawals
• Term length: 3–12 months typically
• Renewal options: Available after 50% repayment with good performance
• Early payoff: Potential discounts vary case by case

Eligibility Requirements

• Time in business: 6+ months (some flexibility with strong revenue)
• Monthly revenue: $15,000+ (average over last 3–6 months)
• Credit score: No published minimum, but estimated 500+ personal credit score
• Bank statements: 3–6 months required
• Industry restrictions: Most standard industries accepted; high-risk industries may have limitations
• Startups: Considered with at least 6 months revenue history

Funding Speed

• Application to approval: 4–12 hours
• Approval to funding: Within 24 hours typically
• Emergency funding: Same-day options available for qualified applicants
• Documentation: Online application plus bank statements verification

Other Financing Products Available

Revenue-Based Financing

• Amounts: $10,000 – $1,000,000
• Terms: 3–12 months
• Factor rates: 1.2–1.5 (estimated)
• Repayment: Percentage of monthly revenue (typically 10–20%)
• Features: Flexible payments that scale with revenue

Small Business Loans

• Amounts: $10,000 – $500,000
• Terms: 6–36 months
• Rates: Vary based on credit and revenue
• Repayment: Fixed daily/weekly/monthly payments

Application Process

Step-by-Step

1. Online application: Basic business and owner information (5–10 minutes)
2. Document submission: 3–6 months bank statements, business license, owner ID
3. Underwriting review: Typically completed within 4–12 hours
4. Offer presentation: Single funding offer with terms and factor rate
5. Contract signing: Electronic agreement with clear terms
6. Funding: Money deposited within 24 hours after signing

Required Documents

• 3–6 months business bank statements
• Business tax ID (EIN) or social security number for sole proprietors
• Driver’s license or government-issued ID
• Proof of business address
• Voided business check or bank account verification
• Business license/registration (if applicable)

Cost & Fee Structure

Merchant Cash Advance Costs

• Factor rate fee: 1.2–1.5 multiplier on advance amount (estimated)
• Origination fee: 0–3% (varies by advance amount)
• Underwriting fee: None
• ACH return fee: $25–$50 per failed withdrawal
• Early payoff discount: Case-by-case basis

Comparison to Industry Averages

Customer Experience

Ratings & Reviews

• Better Business Bureau: A rating, accredited
• Google Reviews: 4.3/5 stars (based on 100+ reviews)
• Trustpilot: 4.0/5 stars (50+ reviews)
• United Capital Source Rating: 3.5/5
• Reddit community: Mixed experiences, some report pushy sales tactics

Common Praises

• Fast funding: Very quick approval and disbursement process
• Flexible qualifications: Credit score not primary factor
• Easy application: Simple online form and minimal documentation
• Responsive service: Quick communication from funding specialists
• Customized solutions: Willing to tailor programs to business needs

Common Complaints

• Lack of transparency: No published rates or minimum requirements
• Aggressive sales tactics: Some reports of pushy representatives
• Higher costs: Factor rates at upper end of industry range for riskier clients
• Communication consistency: Occasional delays in post-funding support
• Contract terms: Some find terms less flexible than expected

Industry Specializations

Best For These Industries

• Retail stores: Inventory purchases, seasonal stock buildup
• Restaurants & food service: Equipment upgrades, renovations, working capital
• Healthcare practices: Medical, dental, veterinary clinics
• Trade businesses: Contractors, plumbers, electricians, HVAC
• Service businesses: Marketing, staffing, consulting
• Seasonal businesses: Summer/winter operations with fluctuating revenue

Industries With Limitations

• Adult entertainment: Not accepted
• Gambling/casinos: Restricted
• Cryptocurrency businesses: Limited consideration
• Non-profit organizations: Not typical focus

Regulatory & Compliance

Licensing & Registration

• Registered: New York-based, operating nationwide
• Licenses: Licensed as a commercial lender where required
• Compliance: Follows state MCA regulations and disclosure requirements
• Transparency: Limited public disclosure of rates and terms

Industry Affiliations

• Small Business Finance Association (SBFA): Member
• Commercial Finance Association (CFA): Participant
• Better Business Bureau: Accredited business

Strategic Considerations

When CFG Merchant Solutions Makes Sense

• Lower credit scores: Need financing where credit is not primary factor
• Urgent funding: Require capital within 24 hours
• Seasonal or fluctuating revenue: Benefit from revenue-based repayment
• Short time in business: 6+ months of operation with consistent revenue
• Simple MCA need: Want straightforward merchant cash advance without complex products

When to Consider Alternatives

• Seeking lowest rates: May find better factor rates with stronger credit and transparent lenders
• Need diverse products: Require term loans, SBA, or lines of credit
• Prefer longer terms: Need repayment beyond 12 months
• Want transparency: Prefer lenders with published rates and clear terms
• Highly regulated industry: May need specialized lender with industry expertise

Contact Information

Primary Contact

• Website: cfgmerchantsolutions.com
• Phone: (800) 413-5009
• Address: 180 Maiden Lane, New York, NY 10038
• Email: [email protected]

Application Portal

• Online application: cfgmerchantsolutions.com/apply
• Document upload: Secure portal available
• Status tracking: Phone/email updates from funding specialist
• Support: Phone, email, dedicated account manager

Comparison to Other Providers

vs. Everest Business Funding

• CFG advantage: Faster funding timeline (within 24 hours vs 24–48 hours), more flexible credit evaluation
• Everest advantage: More transparent factor rate range (1.2–1.5 published), higher approval rate (95% vs 80%)

vs. AdvancePoint Capital

• CFG advantage: Direct lender vs marketplace, potentially faster funding
• AdvancePoint advantage: More transparent pricing, lower factor rates (as low as 1.10), multiple lender options

vs. Credibly

• CFG advantage: Faster funding, more flexible credit requirements
• Credibly advantage: More transparent fee structure, wider product range, higher customer ratings

vs. Direct Bank Loans

• CFG advantage: Much faster funding, lower credit requirements
• Bank advantage: Significantly lower costs, longer terms, established relationships

Final Recommendation

Overall Rating: 3.8/5 Stars

Best suited for: Small business owners with credit challenges who need fast funding (within 24 hours) and have at least 6 months of consistent business revenue history.

Consider if: You have lower credit but consistent revenue, need urgent working capital, operate in retail, restaurant, healthcare, or trade industries, and value speed over absolute lowest cost and transparency.

Look elsewhere if: You want transparent published rates and terms, need the lowest possible factor rates, require diverse financing products (SBA, equipment loans), prefer longer repayment terms (beyond 12 months), or are uncomfortable with aggressive sales tactics.

Bottom line: CFG Merchant Solutions provides fast, accessible merchant cash advances to businesses that may not qualify with traditional lenders and need funding urgently. Their focus on revenue and cash flow rather than credit scores makes them a viable option for businesses with credit challenges. However, the lack of transparency on rates and terms, combined with mixed customer reviews about sales tactics, means businesses should carefully evaluate offers and consider alternatives if transparency is important.

Last updated: March 2026. Rates, terms, and eligibility subject to change. Verify current offers directly with CFG Merchant Solutions before applying.