At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About Richmond Capital
Richmond Capital has been in New York since 2012. Over $1.2 billion funded. Average deal size here runs significantly bigger than the MCA industry norm, and that\'s by design -- Richmond goes after mid-size businesses doing $500K to $10M in annual revenue. Small-ticket MCA isn\'t what they do. Advances start at $25K and run up to $2M, factor rates between 1.12 and 1.40. The underwriting team is former commercial bankers and business analysts. They go deeper than bank statement analysis: revenue trends, industry positioning, customer concentration risk, how efficiently the business runs. Basically, the kind of evaluation you\'d expect from a bank, but delivered at MCA speed. That extra diligence is how they justify factor rates as low as 1.12 on deals where the numbers support it. If you\'re generating over a million a year and need real capital without waiting 6 weeks for a bank to make up its mind, Richmond is worth a call.
Key Features
Mid-Market Specialization
$500K+ annual revenue to qualify. Advances from $25K to $2M. Richmond does not chase small-ticket deals. The underwriting, pricing, and service model are all built around companies that have outgrown micro-advances.
Institutional-Grade Underwriting
Bank statements are just the starting point. Richmond analyzes revenue trends, benchmarks you against your industry, checks how concentrated your customer base is, and evaluates operational metrics. More work up front means better pricing for you.
Competitive Factor Rates
Factor rates start at 1.12 for the strongest profiles. That is significantly lower than what most MCA funders offer. Working exclusively with established mid-size businesses reduces Richmond's default risk, and they pass that savings along.
Structured Payment Options
Daily, weekly, or semi-monthly ACH. If payroll hits every other Friday, Richmond can time your payments around that so the two do not collide in the same debit cycle.
Senior Relationship Manager
You get a senior relationship manager with actual commercial banking background. One person who knows your deal, takes your calls, and handles renewals. Not a rotating cast of junior reps.
How It Works
Initial Consultation
Talk to a senior relationship manager about how much you need, when you need it, and what the capital is for.
Financial Review
Submit 4-6 months of bank statements and recent financials. Deeper documentation than a typical MCA, but it is what gets you the lower rates.
Custom Structuring
The offer comes back with factor rate, amount, repayment schedule, and total cost built around your specific financial profile.
Execute & Fund
Sign and get funded. Standard advances land in 48-72 hours. Pre-qualified renewals can fund in 24 hours.
What They Do
- Merchant Cash Advance
- Revenue-Based Financing
- Large Business Working Capital
- Bridge Financing
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Bridge Financing
- Large Working Capital Advance
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Manufacturing Working Capital
Mid-size manufacturer in Ohio with $3.5M annual revenue needed $800K to purchase raw materials for a large contract. Traditional bank process would take 45+ days.
Multi-Location Retail Expansion
Retail chain with 4 locations and $2M annual revenue needed $500K to open two additional stores simultaneously.
Pros & Cons
Pros
- Advance amounts up to $2M for qualified mid-size businesses
- Competitive factor rates starting at 1.12
- Institutional-grade underwriting provides fair assessment of larger businesses
- Semi-monthly payment options reduce cash flow pressure
- Senior relationship managers with commercial banking experience
Cons
- Minimum $500K annual revenue excludes smaller businesses
- More extensive documentation required than typical MCA providers
- Funding timeline of 48-72 hours is slower than same-day providers
User Reviews (15)
mid-market funder that handles $50K-$300K well
Richmond Capital's sweet spot is $50K-$300K. They're not set up for tiny $10K advances and they don't do $1M+ deals. Within that range, the rates are competitive and the service is excellent. Got $75K at 1.22 for my plumbing company. The underwriting was thorough without being intrusive. Two days from app to funding. For mid-sized advances, Richmond Capital competes well with the big names.
solid NYC funder with competitive rates
Got $50K at 1.24 for my restaurant expansion. Richmond Capital's process was clean — application, 3 months statements, offer within 24 hours, funded in 48. Nothing extraordinary but nothing went wrong. In MCA, "nothing went wrong" is actually high praise. The rate was competitive with bigger marketplaces and the contract was straightforward. Professional operation.
business expansion focus aligned perfectly with my growth plan
Richmond Capital markets themselves as a business expansion funder. That resonated with my catering company because I wasn't in crisis — I was growing. They evaluated my expansion plan and structured the $65K advance at 1.22 to support growth rather than just plugging a cash hole. The advisory approach felt more like a business partner than a typical MCA transaction. Would recommend for growth-stage businesses.
the Wall Street address inspires confidence
Is it superficial to feel more confident because a funder has a Wall Street address? Maybe. But after dealing with MCA companies operating out of strip mall offices in South Florida, there's something reassuring about 48 Wall Street. Richmond Capital's professionalism matched the address. $35K at 1.24 for my bakery. Clean deal, no surprises, funded in 48 hours. They walk the walk.
good funder but daily ACH only
Richmond Capital only offers daily ACH repayment. No weekly, no bi-weekly, no revenue-share options. For my coffee shop doing $1,800/day in deposits, the $210 daily debit on my $30K advance (1.26 factor) is fine. But businesses with less predictable daily deposits might struggle with the inflexibility. More payment options would make Richmond Capital a stronger competitor.
standard MCA with above-average service
Nothing revolutionary about Richmond Capital's product. Standard MCA, standard terms. But the service quality is a notch above most MCA companies. My advisor called me back within an hour every time. Contract questions were answered clearly. Post-funding follow-up was consistent. $35K at 1.24 for my bar. The product is the product — the service is what differentiates.
48 Wall Street address and they act like it
Richmond Capital operates from 48 Wall Street in Manhattan. The professionalism matches the address. My trucking company got $120K at 1.22 factor rate with a dedicated account manager who actually understood fleet financing. The underwriting was thorough but fast. Funded in 3 business days. For a mid-market advance, the process felt institutional-grade rather than the typical MCA cowboy approach.
renewed and the rate dropped significantly
First advance: $40K at 1.28. Paid it off in 8 months with zero issues. Renewal: $55K at 1.20. An 8-point drop in factor rate is huge. On $55K that's a $4,400 saving compared to the original rate. Richmond Capital rewards clean repayment with genuine rate improvements. My landscaping business has done two rounds with them and I'm planning a third. The loyalty discount is real.
business expansion funding at reasonable rates
Richmond Capital positioned themselves as a business expansion funder, not just an emergency cash provider. That philosophy showed in how they priced my deal. $100K at 1.22 for a second dental office location. They evaluated the expansion's projected revenue and structured the repayment accordingly. The daily ACH payments is covered by the new location's revenue alone. Smart structuring.
clean underwriting process for larger advances
Got funded quickly. Good rate.
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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.
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