CFG Merchant Solutions
CFG Merchant Solutions is a New York-based specialty finance company providing merchant cash advances and revenue-based financing to small and mid-sized businesses, with funding often within 24 hours and flexible credit requirements.
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 reports having completed over 100,000 funding transactions since inception 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 1.14 to 1.45, with funding amounts from $5,000 to $400,000.
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: 1.14–1.45 (estimated based on third-party reviews; varies by business)
- Advance amounts: $5,000 – $400,000
- 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: $8,000–$10,000+ (average over last 3–6 months; consistent daily deposits required)
- 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: $5,000 – $400,000
- Terms: 3–12 months
- Factor rates: 1.14–1.45 (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
- Online application: Basic business and owner information (5–10 minutes)
- Document submission: 3–6 months bank statements, business license, owner ID
- Underwriting review: Typically completed within 4–12 hours
- Offer presentation: Single funding offer with terms and factor rate
- Contract signing: Electronic agreement with clear terms
- 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: 1.14–1.45 multiplier on advance amount (estimated, based on third-party reviews)
- 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
| Metric | CFG Merchant Solutions | Industry Average |
|---|---|---|
| Minimum credit score | Not published (est. 500) | 550 |
| Approval rate | 80%+ | 80–85% |
| Time to funding | Within 24 hours | 2–5 business days |
| Factor rate range | 1.14–1.45 (estimated) | 1.15–1.5 |
| Minimum monthly revenue | $8,000–$10,000 (estimated) | $10,000 |
Customer Experience
Ratings & Reviews
- Better Business Bureau: A+ rating, accredited (but note: all BBB customer reviews are 1-star)
- Google Reviews: 3.7/5 stars
- Trustpilot: 2.7/5 stars (7 reviews — very low sample, treat with caution)
- 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: 32 Old Slip, Suite 600, 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 published factor rate range, higher stated 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.
Compare CFG Merchant Solutions against other direct MCA lenders on the MCA comparison page. Use the MCA cost calculator before accepting any offer to see how CFG’s factor rates (1.14–1.45) translate to total repayment at your advance amount. CFG is headquartered in New York, where the Commercial Finance Disclosure Law requires an estimated-APR disclosure before signing — our New York MCA guide covers what that protection means for you. See also our Greenbox Capital vs CFG Merchant Solutions comparison for a direct head-to-head analysis.
Last verified: June 2026. Rates, terms, and eligibility subject to change. Verify current offers directly with CFG Merchant Solutions before applying.
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Frequently Asked Questions
What credit score does CFG Merchant Solutions require?
CFG Merchant Solutions has flexible credit requirements and does not publish a stated minimum credit score. Approval is based primarily on revenue history and cash flow rather than credit score alone, making CFG accessible to businesses with imperfect credit that demonstrate consistent sales.
How fast does CFG Merchant Solutions fund?
CFG Merchant Solutions typically funds within 24 hours of approval. The full process — from application to cash in your account — often takes 24–48 hours, with expedited options available for businesses with straightforward financials.
How much can I borrow from CFG Merchant Solutions?
CFG Merchant Solutions offers merchant cash advances from $5,000 to $400,000. Advance amounts are determined by your average monthly revenue and the consistency of your daily credit card and bank deposits.
How does repayment work with CFG Merchant Solutions?
Repayment is revenue-based — CFG deducts a fixed percentage of daily revenue via automatic ACH withdrawal each business day. Factor rates typically range from 1.14 to 1.45. Because the holdback is a percentage of sales, payments slow naturally during slower revenue periods.
What disqualifies a business from CFG Merchant Solutions?
Businesses with less than 6 months in operation, inconsistent or highly volatile revenue, or existing MCA stacking positions are the most common disqualifiers. Certain high-risk industries and businesses in active bankruptcy are not eligible. CFG does not disqualify primarily on credit score alone.