At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About Fundshop
Fundshop does one thing and does it well: it makes MCA funders fight over your deal. The platform blasts your application to 30+ funders at once, and they submit bids in real time knowing they are competing against everyone else. Factor rates typically land between 1.12 and 1.48 on advances from $5,000 to $2 million. Fundshop is MCA-only. No SBA loans, no term loans, no equipment financing. That narrow focus is both the strength and the limitation. No fees to you as the borrower. Fundshop collects commissions from whichever funder wins. The real-time bidding dashboard is what separates Fundshop from traditional brokers. You watch offers arrive. Every bid shows the factor rate, advance amount, total repayment, daily payment, holdback percentage, and term length lined up side by side. No broker cherry-picking which offers to show you. Everything is visible. When a funder sees a competitor underbid them, they often come back with a lower number. Fundshop's deal team pours gasoline on this by calling funders and telling them they are about to lose. Two or three rounds of this and your final rate is usually 5-15 points below where the first offer started. Renewals work too: if you have an existing advance, funders can bid on a payoff-plus-new-capital deal, often at a better rate than your original. UCC-1 filings and personal guarantees come from whichever funder you pick. Repayment is daily or weekly ACH. The B+ BBB rating is worth noting. Most complaints trace back to funder behavior after closing, not Fundshop itself, but the broker picks the funders so the responsibility is not entirely clean.
Key Features
Real-Time Rate Shopping
Your application and bank statements hit 30+ funders at the same time. Offers start showing up on your dashboard within 15-30 minutes. Each one breaks down the factor rate, advance amount, total repayment, daily ACH payment, holdback percentage, and term length. Nothing gets hidden. A traditional broker might show you 3 offers and bury the other 4. Fundshop shows you everything, including the bad offers, so you can see the full range of what the market is willing to do for your specific profile.
Competitive Bidding Environment
Every funder knows they are bidding against 30+ others. That alone pushes rates down. The first offer you see is almost never the best one. As funders watch competitors come in lower, they revise downward to stay in the running. Fundshop's deal team makes this worse for the funders and better for you by actively calling the ones getting outbid and telling them to sharpen their pencil. Most deals go through 2-3 rounds of this before the bidding settles. The spread between first offer and final offer is typically 5-15 factor points.
Side-by-Side Comparison Dashboard
The dashboard lines up every offer in the same format: factor rate, total cost, effective APR, daily payment as a percentage of your monthly revenue, and net funds after paying off any existing positions. This matters more than most people realize. A 1.20 factor rate over 6 months is actually more expensive than a 1.30 over 12 months once you convert to effective APR. Raw factor rates lie to you when the term lengths are different. Fundshop's comparison strips away that confusion and shows you which deal is actually cheapest.
No Borrower Fees
You pay Fundshop nothing. No application fee, no processing fee, no platform charge, nothing at closing. Funders pay Fundshop a referral commission that is baked into their standard factor rate. The rate on your screen is the rate you pay. No markup on top. This is worth verifying because some brokers double-dip: they collect a commission from the funder and then tack a closing fee onto the borrower. Fundshop does not do that.
How It Works
Quick Application
Fill out the basics and upload your last 3 months of bank statements. The whole thing takes about 10 minutes.
Real-Time Bidding
Your application hits 30+ funders at once. Offers start landing on your dashboard within minutes.
Compare & Negotiate
Every offer lines up side by side in the same format. Fundshop's deal team calls the funders getting outbid and pushes them to come back lower.
Select & Fund
Pick the best deal. Sign the docs. Money hits your account in 24-48 hours.
What They Do
- MCA Brokerage
- Rate Shopping
- Funder Matching
- Deal Negotiation
- Renewal Optimization
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Short-Term Business Funding
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Dry Cleaning Chain Renewal Rate Optimization
Five dry cleaning locations in New Jersey, $180K combined monthly revenue, sitting on a $100K advance at a 1.42 factor rate. That worked out to $142,000 in total repayment and $789 per day coming out of the account. The funder offered a renewal at the exact same 1.42 rate. The owner decided to test the market and ran the renewal through Fundshop instead of signing.
HVAC Company Emergency Equipment Replacement
HVAC company in Philadelphia, $95K monthly revenue, middle of summer. One of the commercial vans blew its engine. The owner needed $35K for a replacement immediately because a sidelined crew during peak season costs real money every day it sits. Complication: an existing MCA with $18K still owed at a 1.35 factor rate.
Pros & Cons
Pros
- The real-time competitive bidding environment consistently produces factor rates 5-15 points lower than single-funder offers, because funders know they are competing against 30+ alternatives and actively lower bids to win deals.
- The transparent side-by-side comparison dashboard normalizes offers by effective APR, daily payment impact, and total cost, making it easy to identify the cheapest option rather than being misled by raw factor rate comparisons across different term lengths.
- Zero borrower fees at any stage, with funder commissions built into the standard rate, means the factor rate displayed is the actual rate paid with no hidden markups, closing fees, or processing charges added at signing.
- Offers begin arriving within 15-30 minutes of application submission, and the competitive bidding process typically completes within 2-4 hours, making Fundshop one of the fastest platforms for businesses that need to compare multiple offers before committing.
- Fundshop's deal team actively pushes negotiation by informing funders when they have been outbid, regularly triggering 2-3 rounds of rate improvements that the business owner would not be able to achieve through direct negotiation alone.
Cons
- With 30+ funders, Fundshop's network is meaningfully smaller than Lendio's 75+ or DAC's 50+, which may result in fewer offers for businesses in niche industries or with unusual risk profiles that require specialized funder expertise.
- Fundshop focuses almost exclusively on MCA and revenue-based financing, meaning it cannot help businesses discover whether they qualify for significantly cheaper SBA loans or term loans, a service that multi-product marketplaces like Lendio and NBC provide automatically.
- The B+ BBB rating is lower than competitors with A or A+ ratings, with complaints often relating to funder behavior after the deal closes, including aggressive collection practices or difficulty getting UCC liens released, which Fundshop has limited control over as a broker.
- The platform's MCA-only specialization means it attracts businesses already committed to the MCA path, potentially reinforcing a decision to take expensive capital when a different product type might have been cheaper and more appropriate for the situation.
User Reviews (15)
saved a good chunk compared to going direct to a funder
Had a cold-call offer from a funder at 1.38 on $40K. That's $55,200 total. Posted the same deal on Fundshop and the best bid came in at 1.24. $49,600 total. Saved $5,600 just by running the auction. The winning funder was actually one I'd never heard of but they had good reviews and the contract was clean. Fundshop works exactly as advertised for rate shopping. Just don't expect hand-holding.
simple platform for simple needs
If you know you want an MCA and you just want to find the best rate, Fundshop is about as clean and efficient as it gets. No phone calls from 6 sales reps, no funding manager trying to upsell you. Post your deal, watch the bids, pick the winner. Got $40K at 1.24 for my plumbing business. The whole thing took 2 days from posting to funding. No frills, no nonsense. s/o Tony
seeing the bids come in live is oddly satisfying
There's something psychologically powerful about watching funders compete for your business in real time. First bid: 1.32. Second: 1.28. Third: 1.24. Then the first funder revised to 1.22 to stay competitive. It's like an eBay auction but in reverse — the price goes DOWN. Ended up with $45K at 1.20 for my contracting business. The auction format is brilliant and I'm surprised more marketplaces don't copy it.
great concept, would be even better with more funders
The reverse auction is the best idea in MCA. Period. But Fundshop needs more funders on the platform to really make it sing. Got 4 bids on my $60K advance for my roofing company. Took the best one at 1.24. If there were 10-15 funders bidding I bet it would've been 1.20 or lower. The concept is right, they just need scale. Still better than applying to funders one at a time though.
the pricing transparency is unmatched in this industry
Every MCA company should have to show their rates the way Fundshop does. No guessing, no "it depends," no waiting until the contract to find out the real cost. Everything is laid out in the auction before you commit. Got $55K at 1.20 for my event planning business. I knew the exact total repayment, daily payment, and term length before I clicked "accept." This is the standard the whole industry should be held to.
the reverse auction model actually works
Fundshop flips the script — instead of you chasing funders, funders bid on YOUR deal. I posted my $50K advance request and within 4 hours had 5 funders competing for it. Factor rates ranged from 1.18 to 1.35. The bidding pressure drove the price down. Ended up at 1.19 which is among the lowest rates I've ever seen in MCA. The auction format creates genuine competition that you just don't get applying to funders one at a time.
the most transparent MCA process I've experienced
Every bid shows the factor rate, total repayment, daily payment, holdback percentage, and term length. No hidden fees discovered later in the contract. What you see in the auction is what you get. Got $30K at 1.22 for my coffee shop. $36,600 total payback. $204 daily ACH. Clean, simple, transparent. This is how MCA should work everywhere.
solid rate shopping but smaller funder network than DAC or Lendio
Fundshop connected me with about 8-10 funders. DAC claims 50+, Lendio has 75+. The smaller network means fewer options but tbh the funders on Fundshop were quality — not bottom-of-barrel shops nobody's heard of. Got $85K at 1.22 for my trucking company. Daily ACH of $577. The transparency of seeing each funder's bid in real time was worth it. Just wish there were more funders bidding.
used fundshop to leverage a better deal from my existing funder
Pro tip: even if you don't end up taking an offer from Fundshop, the bids give you ammunition to negotiate with your current funder. I showed my funder the 1.22 bid from Fundshop and they matched it to keep my business. So Fundshop saved me money even though I didn't technically use them for the advance. The platform creates price transparency that benefits borrowers either way.
renewed through fundshop and the auction produced better terms
First advance was $35K at 1.28. When I renewed 6 months later, I posted the deal on Fundshop again. This time I got 6 bids (more than the first time) and the best was 1.18. Clean repayment history made my deal more attractive to funders. $35K at 1.18 = $41,300 total vs $44,800 on the first deal. The auction rewards good repayment history because funders compete harder for low-risk deals.
Write a Review
Frequently Asked Questions
Embed This Badge on Your Website
Fundshop has earned a Best Rate Shopping 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.