At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About ByzFunder
ByzFunder is a Newark-based merchant cash advance company founded in 2019 that has positioned itself as the funder of last resort for micro-businesses and sole proprietors who generate too little revenue to qualify with any mainstream MCA provider. With advances starting at just $1,500 and a minimum monthly revenue requirement of only $3,000, ByzFunder occupies the absolute bottom of the MCA market, serving a population of businesses that literally cannot access capital anywhere else. Their typical client deposits $3,000-$8,000 per month from a combination of gig platform payouts, cash deposits from market vending, freelance invoices, or small service jobs. Factor rates range from 1.22 to 1.55, with the higher rates reflecting the elevated default risk inherent in funding businesses with minimal revenue cushion. Daily holdback amounts are deliberately kept ultra-low, typically $10-$25 per day, calibrated to represent no more than 15% of average daily deposits even for their smallest clients. With over $75 million funded to approximately 15,000 micro-businesses, ByzFunder has carved out a niche that larger funders consider too small and too risky to pursue. Their underwriting model evaluates deposit patterns at a granular daily level, looking for consistent small deposits (even $50-$100 daily) rather than requiring the large, regular deposits that standard MCA algorithms seek. They accept income from Uber, Lyft, DoorDash, Instacart, Fiverr, Upwork, Etsy, and other gig and freelance platforms as qualifying revenue, which most MCA providers do not know how to evaluate or explicitly exclude from consideration. ByzFunder requires only 3 months of bank statements, 3 months of operating history, and no minimum personal credit score. They accept applications from businesses using personal bank accounts for business activity, which is common among sole proprietors and gig workers. ByzFunder files UCC-1 liens on advances above $5,000 but waives the filing on smaller deals. Origination fees of 2-5% are deducted from the advance amount, and repayment terms are short at 3 to 9 months with daily ACH only. Their default rate is approximately 15%, roughly double the industry average, which explains the higher factor rates and shorter terms.
Key Features
Ultra-Low Minimums
Advances start at $1,500 with a minimum monthly revenue requirement of just $3,000, which is the lowest combination of minimum advance and minimum revenue in the entire MCA industry. ByzFunder deliberately targets the micro-business segment that falls below every other funder's floor. A hot dog cart vendor, a weekend flea market seller, or a part-time mobile notary generating $3,500 per month can qualify for a $1,500-$2,500 advance that covers an equipment repair or supply purchase. The advance amounts are small by MCA standards but can be business-saving for operators who have no other capital source.
Gig Economy Friendly
ByzFunder explicitly accepts income from Uber, Lyft, DoorDash, Instacart, Grubhub, Amazon Flex, Fiverr, Upwork, Etsy, and other gig and freelance platforms as qualifying revenue. Most MCA underwriters either do not know how to evaluate gig income or explicitly exclude it because the deposits come from platform payouts rather than customer transactions. ByzFunder's underwriting model is trained to recognize platform payout patterns, including the weekly Uber direct deposit, the bi-weekly Etsy settlement, and the irregular Fiverr withdrawal. They also accept cash deposits from market vendors and service workers who deposit daily or weekly cash earnings.
Micro Daily Payments
Daily ACH repayment amounts range from as low as $10 to $25 for the smallest advances, calibrated to never exceed 15% of the merchant's average daily deposits. A gig worker depositing $150 per day might have a daily payment of $15-$22, which is small enough that even a below-average revenue day can cover it. This micro-payment structure is critical for ByzFunder's model because their clients have minimal cash reserves, and even a $50 daily payment could cause consistent NSF returns for businesses depositing only $200 per day.
No Minimum Credit Score
ByzFunder has no minimum personal credit score requirement and does not perform a hard credit inquiry. They run a soft check for identity verification and to screen for active bankruptcies, but scores below 500 are regularly approved when bank deposits support the advance. This is particularly important for their target market: gig workers and freelancers who often have damaged credit from periods of unemployment, medical debt, or student loans, and entrepreneurs who maxed out personal credit during the startup phase. The funding decision is driven entirely by the bank statement analysis.
How It Works
Quick Application
Complete the simple online form and upload 2-3 months of bank statements showing your business deposits, including gig platform payouts.
Micro-Revenue Evaluation
ByzFunder's team analyzes your deposits at a granular level, evaluating frequency, consistency, and sources to determine a sustainable advance amount.
Right-Sized Offer
Receive an offer with a small, manageable daily payment amount. ByzFunder focuses on ensuring the repayment will not exceed 15% of your average daily deposits.
Fast Micro-Funding
Accept the offer and receive your advance within 1-2 business days via direct deposit into your business or personal business account.
What They Do
- Micro MCA
- Merchant Cash Advance
- Gig Economy Funding
- Revenue-Based Financing
Debt Types They Take On
- Merchant Cash Advance
- Micro Advance
- Gig Worker Advance
- Revenue-Based Financing
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Rideshare Driver Vehicle Repair
A full-time Uber and Lyft driver in Newark needed $2,000 urgently for brake replacement and transmission repair after their 2018 Honda Accord failed state inspection. Without a passing inspection, the car could not be used for rideshare. Monthly earnings were $3,500 deposited weekly from both platforms. The driver had a personal credit score of 485 and no business entity. Three other MCA providers declined: two required minimum $5,000 monthly revenue, and one did not accept gig platform income as qualifying revenue.
Flea Market Vendor Inventory Purchase
A weekend flea market vendor in northern New Jersey selling vintage clothing and accessories needed $3,000 to purchase a bulk estate sale lot that included designer items worth an estimated $12,000 at retail. The vendor deposited $4,200 per month from a mix of cash deposits (market sales), Etsy orders, and Depop sales. The estate sale required full payment within 3 days. The vendor had no business entity, used a personal checking account for all activity, and had been declined by two MCA providers that required a business bank account.
Pros & Cons
Pros
- Lowest minimum advance amount in the entire MCA industry at $1,500, combined with the lowest minimum monthly revenue requirement of $3,000, gives micro-businesses a capital source that literally does not exist anywhere else in the market.
- Explicit acceptance of gig economy income from platforms like Uber, Lyft, DoorDash, Instacart, Fiverr, Upwork, and Etsy opens MCA funding to millions of gig workers and freelancers who are systematically excluded by providers that only recognize traditional business revenue.
- No minimum personal credit score requirement and no hard credit pull means workers with damaged credit from medical debt, student loans, or periods of unemployment are not penalized for circumstances unrelated to their current earning capacity.
- Micro daily payments as low as $10 calibrated to never exceed 15% of average daily deposits make repayment sustainable even for businesses generating minimal daily revenue, reducing the risk of NSF returns that trigger default cascades.
- Acceptance of personal bank accounts for business activity eliminates the barrier of requiring a dedicated business checking account, which many gig workers and micro-entrepreneurs do not have and many banks require minimum balances to maintain.
Cons
- Factor rates of 1.22-1.55 are among the highest in the MCA industry, and on short terms of 3-9 months, the effective APR can range from 80% to over 250%, making this one of the most expensive forms of capital available to any business.
- Maximum advance of $50,000 and the company's focus on micro-deals means ByzFunder cannot serve businesses that grow beyond the micro-revenue stage, forcing successful clients to switch funders entirely when their capital needs increase.
- ByzFunder is only available in 42 states and does not serve businesses in 8 states due to regulatory restrictions, which disproportionately affects gig workers who may operate across state lines.
- The approximately 15% default rate, roughly double the MCA industry average, suggests that some portion of ByzFunder's clients are being approved for advances they ultimately cannot sustain, raising questions about whether the underwriting model adequately accounts for the cash flow fragility of ultra-low-revenue businesses.
User Reviews (23)
not bad
Good experience. $5K at 1.38. My tire shop needed capital and they came through. Rate is a bit high for my revenue though.
save your money
Took $20K from ByzFunder for hiring and I regret it. Factor rate 1.18 and the daily payments are destroying me.
better than expected
Needed $60,000 for new location and they got it done.
good not great
If you need money fast they deliver. $150K at 1.14. Just know the rate is what it is.
never ever again
Worst decision I ever made. $80K at 1.40. DO THE MATH. When I fell behind by 2 days they started calling nonstop. Never again.
clutch
My bank turned me down twice. ByzFunder approved me same day for $5K. Not cheap but it saved my IT consulting firm.
good not great
did the job
does the job
Good company, factor rate could be better. Got $250K for my nail salon at 1.28. Trevor was helpful during the process.
fast
5 stars. Got $18K for my clothing store. Paid it off in 6 months no issues.
mostly positive
Pretty smooth process but the daily debit gets old. $12K for my convenience store. Would still recommend.
Write a Review
Frequently Asked Questions
Embed This Badge on Your Website
ByzFunder has earned a Best for Low Revenue designation from Zogby. Display this badge on your website to showcase your rating.
Paste this code anywhere in your website's HTML. The badge links back to your full Zogby review.
Related Companies
Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
Editorial Independence
We make money from some companies on this page. That doesn't change our rankings -- the editorial team scores every product independently, and the business side has no say in what we recommend.