| ✅ Key Point | 📌 Details |
|---|---|
| 🏦 What is CFG Merchant Solutions? | A NY–based direct funder founded in 2015 that specializes in revenue-based financing (merchant cash advances). Has funded over $1 billion to small and mid-sized businesses nationwide. |
| ⚙️ How it Works | Purchases a portion of future receivables instead of issuing traditional loans. Offers revenue-based financing as a cash flow–friendly way to access working capital. |
| 📊 Qualifications | No published minimum requirements. Approval is based on sales history, cash flow, and projected revenue rather than credit score. |
| 📈 Funding Speed | Funding can be quick, sometimes within 1–3 business days after approval. |
| 💳 Repayment | Payments are collected daily, weekly, or monthly from your business account. Some reports mention early payment discount options. |
| 👍 Advantages | Fast approvals, accessible to underserved businesses, responsive representatives, and flexible repayment options. |
| 👎 Disadvantages | Lack of transparency on costs and terms, higher cost than traditional loans, mixed customer reviews, unclear whether the credit inquiry is soft or hard. |
| ⭐ UCS Rating | 3.5 out of 5 – A solid option for a merchant cash advance, but limited transparency and mixed reviews hold it back. |
Small business owners across the country often face a familiar challenge: securing funding through traditional banks and lenders isn’t always possible. Whether it’s due to a poor credit history, a short time in business, or inconsistent cash flow, many business owners are denied when they apply for a small business loan. This financing gap has historically left underserved businesses without the working capital they need to grow, take on new jobs, or balance day-to-day expenses.
That’s where alternative funders, such as CFG Merchant Solutions, step in. Headquartered in New York, the company focuses on providing capital access to small and mid-sized businesses through revenue based financing products. Instead of evaluating a business solely on its credit score, CFG Merchant considers sales and cash flow, enabling more companies to receive funding when needed.
But not all merchant cash advance companies are the same. It’s essential to thoroughly understand a company’s products, qualifications, repayment terms, and customer reviews before signing a funding contract. That way, you can make an explicit and informed decision about whether it’s the right fit for your business needs today and in the long run.
In this review, we’ll explore how CFG Merchant Solutions works, including the pros, cons, and application process, to help you decide if it’s right for your business. Specifically, we’ll answer these questions and more:
Founded in 2015, CFG Merchant Solutions (CFGMS, LLC) is a direct funder specializing in revenue based financing, commonly referred to as merchant cash advances (MCAs) or “MCA loans.” Since its founding, the company has provided over $1 billion in funding to businesses across the U.S., enabling them to secure rapid access to working capital.
CFG Merchant Solutions offers prompt funding to help businesses expand. The company positions itself as a resource for small and mid-sized businesses that might not qualify for traditional loans but still need access to funds.
According to the company, CFG Merchant Solutions is an industry leader helping thousands of American businesses reach their objectives. Their emphasis is on speed, responsiveness, and efficient capital access. CFG Merchant Solutions has its headquarters in New York.
CFG Merchant Solutions operates by purchasing a portion of a business’s future receivables rather than issuing a traditional loan. This structure is often referred to as revenue based financing or a merchant cash advance.
Instead of a fixed small business loan balance with interest, CFG advances funds to a business and collects repayment through a percentage of future sales. This can provide flexibility, as payments rise and fall in line with revenue. However, the company’s website doesn’t publish specific details about funding amounts, factor rates, or repayment terms.
What we do know is that CFG markets its MCA as a cash flow–friendly way to access working capital. Funds can reportedly be received quickly, sometimes within a few business days. This makes it appealing to businesses that need fast business funding for payroll, inventory, or unexpected expenses.
Still, the lack of transparent information on costs and terms makes it difficult to compare CFG’s offers with those of other financing options without speaking directly with a representative.
Unlike traditional bank loans that often require a high credit score, several years in business, and strong financial statements, merchant cash advances are based primarily on sales performance and cash flow.
CFG Merchant Solutions does not publish minimum requirements on its website, including specific credit scores, time in business, or revenue thresholds. Instead, approval is typically based on the company’s ability to review daily sales, deposit history, and projected future receivables.
This makes CFG Merchant accessible to many small and mid-sized businesses, including those with lower credit or limited collateral. However, because requirements aren’t clearly published, applicants need to be aware that approval depends on business health and recent financial activity, not just credit.
CFG Merchant Solutions is a merchant cash advance provider, which means its financing is not a traditional loan. Instead, businesses sell a portion of future receivables in exchange for immediate funding.
This structure offers advantages, including flexibility and expedited approvals, but it also carries risks. Since MCAs aren’t subject to the same regulations as traditional loans, costs can be higher, and repayment terms less transparent. Business owners must carefully review the funding agreement to understand repayment conditions, including rules about UCC liens, thoroughly.
One of the key selling points for CFG Merchant Solutions is the ability to make fast decisions and secure funding. This can be crucial if you need to cover expenses immediately, but speed should never come at the cost of clarity.
It’s also important to ask whether CFG runs a soft or hard credit inquiry. Soft inquiries don’t affect your credit score, while hard inquiries do. Unfortunately, the company does not publish this information, so it’s unclear whether applying will trigger a hard pull.
Another limitation is that CFG’s website doesn’t provide details about funding amounts, repayment schedules, or factor rates. Without this information, business owners may struggle to compare offers or accurately understand the actual cost of financing.
The company has received several complaints from customers over the years, although it currently holds an A+ rating with the Better Business Bureau. This suggests that while issues have been raised, CFG has been responsive in resolving them.
CFG Merchant Solutions has a business loan affiliate program. ISOs and business loan brokers can sign up to offer the company’s merchant cash advance product to their clients.
CFG Merchant Solutions offers a quick online application process. While the website doesn’t detail every step, applicants generally follow this process:
The first step is to complete an online application form to initiate the funding process. Visit the CFG Merchant Solutions website and click the application button. You’ll be asked to provide basic business information such as name, address, and industry.
Upload or submit recent bank statements, sales data, and revenue details. This allows CFG to evaluate your account activity and cash flow.
CFG representatives may contact you by phone or email to discuss your needs, review relevant documents, and address any questions you may have. This is the point at which you can clarify the conditions and determine what the repayment structure might look like.
If approved, CFG Merchant will provide a funding offer. Carefully review the text of the contract to understand repayment obligations, fees, and any UCC filings.
Once the offer is accepted, funds are deposited directly into your business account. Some customers report receiving money in as little as one business day.
After funding, repayment typically occurs through daily, weekly, or monthly payments deducted directly from your business account. Reviews mention that CFG sometimes provides early repayment discounts, but this depends on the contract.
This makes it especially important to read the fine print of your agreement. Business owners must understand precisely how repayment will be collected, how often, and whether flexibility is available if sales decline.
CFG Merchant Solutions offers a fast and efficient way for small and mid-sized businesses to access working capital with bad credit when traditional lenders decline to lend. The company’s approval process is often more flexible than a bank loan, focusing on sales rather than credit score. This provides capital access to historically underserved businesses.
Another advantage is the speed of funding. Many customers have noted that CFG was responsive and efficient, with funds being delivered quickly. CFG also allows brokers to connect their clients to its MCA product, making it an option for ISOs seeking to expand offerings.
The biggest drawback is a lack of transparency. CFG doesn’t publish details about repayment terms, factor rates, or minimum requirements, leaving applicants in the dark until they speak with a representative.
Merchant cash advances are also one of the most expensive forms of financing. Costs can be higher than those of traditional loans, and repayment terms may put a strain on daily cash flow. Several reviews mention unexpected contract conditions, underscoring the importance of careful reading and review.
CFG has received complaints with the BBB regarding customer service and repayment issues, despite maintaining an A+ rating. This mixed review history means business owners should proceed with caution.
Pros
Cons
Yes, CFG Merchant Solutions is a legitimate direct funder. The company is headquartered in New York, operates nationwide, and has surpassed $1 billion in MCA originations. It also holds an A+ rating with the Better Business Bureau, despite receiving complaints, which suggests responsiveness in addressing customer concerns. It is a valid and safe company.
Reviews for CFG Merchant Solutions are mixed, with both strong praise and critical feedback. The company has a 3.7 out of 5 rating on Google reviews and a 2.7 out of 5 on Trustpilot. This balance highlights the importance of reading every contract carefully and asking questions until you fully understand repayment terms.
Many customers report positive experiences with CFG Merchant Solutions and recommend them for working capital. Positive reviews frequently mention quick funding, helpful representatives, and efficient service.
Negative reviews, however, often cite a lack of clarity in contracts, aggressive repayment conditions, and difficulty resolving issues. Several complaints also mention communication breakdowns, such as slow responses or unclear explanations of repayment actions.
CFG Merchant Solutions may deny an application for various reasons, including credit or business history issues. Inconsistent cash flow or sales may also result in a denial.
If you’re declined, the company should respond with a denial letter explaining the reason, along with tips to improve your application and information on when you can reapply. If not, or if you require more information, contact the funder directly.
Fortunately, small business owners have a diverse range of lenders to consider for their financing needs. Many funding options provide merchant cash advances. Other lenders also offer other business loans that might better suit your needs. Working with a business loan marketplace (like UCS) allows you to compare multiple offers from various lenders.
You may be interested in one of the following small business loans:
CFG Merchant Solutions can be a helpful option for businesses that need quick access to money and don’t qualify for traditional bank loans. The company is responsive and has provided over $1 billion in funding, but its lack of published information and history of complaints are critical red flags.
CFG may be a good option if you’re a small or mid-sized business that values speed and can handle the repayment conditions of a merchant cash advance. On the other hand, businesses seeking lower-cost financing, more transparent information, or long-term capital should explore alternative options.
Based on the available information, we rate CFG Merchant Solutions 3.5 out of 5. It’s a solid option for a merchant cash advance, but the lack of information and mixed reviews hold it back.
Disclaimer: The CFG Merchant Solutions trademark is owned by CFGMS, LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from CFGMS, LLC.
