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Direct Funder Comparison Report

Our team recently compiled data from dozens of direct funders in the MCA space. From this data, we published a Direct Funder Comparison Report, which gives a detailed breakdown of terms, factor rates, commission, and much more.

Extensive research went into the making of this report. We want to be clear – our intentions are not to smear our competition. We simply want to continue educating our active and potential referral partners on Elevate’s key benefits and differences. Out of respect, we redacted direct funder names from this document and instead used terms such as Competitors, Direct Funder A, Direct Funder B, and so forth.

Here’s a link to the report, if you’d like to download it. It’s also summarized below.

In summary, we are a TRUE direct funder. We do not engage in unethical/deceptive practices, and you never have to worry about us shopping out your deals. We want to do right by you and your merchants.

Honesty and transparency are at the core of what we do. We succeed when our partners succeed, and we strive to be an honest and considerate funding partner at all times.

We’re always looking to partner with more quality, reputable ISOs/brokers and ramp up our relationships with current ones. If you are interested in partnership and wish to speak to someone now, please call us at 888-382-3945 or click here to send us an inquiry. One of our teammates will get back to you as soon as they are available.

Elevate Funding Competitors
Funding Fees $350 fixed for ACH and Lockbox on deals $6k and over; $0 for split with approved split partners 7% to 8% of funding amount; $750+ fixed fees
Credit Requirements We do not pull credit (soft or hard); No minimum credit score Soft credit pulls; Minimum credit score of 500
TIB Requirements 3 months 9-12 months
Factor Rates Sell Rates: we fix our factor rate on the repayment amount rather than the funding amount Buy Rates: 1.30 - 1.49
Commission 7% to 10% of payback amount; no upselling; tiered commission structure 9-12 points on funding amount; upselling allowed
Renewal Commission Pay renewal commission on the full repayment amount before paying off existing balance Pay renewal commission on the net funding amount after repayment of existing balance
Add-On Programs Yes; up to 30% of the original funding amount after three weeks of consecutive payments No
Underwriter Access Yes No

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Learn common MCA terminology, application qualifications, and key benefits of the product!