| ✅ Key Point | 📌 Details |
|---|---|
| 🏦 What is Splash Advance? | Splash Advance is a merchant cash advance (MCA) company that provides quick funding for businesses. It operates as a direct funder, based in Boca Raton, FL. |
| ⚙️ How it Works | Provides upfront cash in exchange for a percentage of future sales. Repayment is automatically deducted from daily transactions. Focuses on high-risk industries and partners with brokers. |
| 📊 Qualifications | No published requirements for credit score, time in business, or revenue. Approval is based mainly on sales volume and cash flow. |
| 💰 Funding Speed & Costs | Funding is often available within 24 hours; however, MCAs carry higher fees, and daily repayments can impact cash flow. |
| 👍 Advantages | Easy application, fast funding, direct funder, works with high-risk industries, and quick commissions for partners. |
| 👎 Disadvantages | High costs and daily deductions can strain cash flow, and there is limited transparency on the website. |
| ⭐ Customer Reviews | Limited online reviews. 5.0/5 on Google (11 reviews). Positive feedback highlights speed and service; forum users note lack of transparency. |
| 🏆 UCS Rating | 3 out of 5. A legitimate MCA option with fast service but limited information reduces its value for small business owners. |
Alternative business funding companies exist to help small business owners who can’t qualify for bank financing gain quick and easy access to working capital. Instead of lengthy underwriting timelines and strict approval requirements, these companies often provide fast business funding based on performance rather than traditional credit standards.
One such company is Splash Advance, which specializes in merchant cash advances (MCAs), also known as “MCA Loans.” However, evaluating merchant cash advance companies before making a decision is crucial to finding the best deal for your needs.
In this review, we’ll explain how Splash Advance works, including the pros, cons, and application process, to help you decide if it’s right for your business funding needs. Specifically, we’ll answer these questions and more:
Splash Advance is a merchant cash advance (MCA) company that provides quick funding for businesses. The company is headquartered in Boca Raton, Florida, and operates across the United States.
Splash Advance operates as a direct funder, offering faster payouts by eliminating the need for a middleman. Its primary focus is on delivering same-day or next-day capital to small businesses that may not qualify for bank loans.
Merchant cash advances differ from traditional loans because they are structured as a purchase of future receivables rather than a standard debt obligation. That means instead of repaying a loan with fixed installments, the business sells a portion of its future sales in exchange for upfront funding.
Splash Advance offers funding to businesses in high-risk industries, providing an alternative when traditional banks decline their applications. The company advances capital to businesses and collects repayment automatically from daily or weekly sales.
Splash Advance actively seeks partnerships with brokers and offers competitive, next-day commissions for referring clients. This makes the company a prominent player in the financial affiliate marketing sector and a resource for independent sales organizations (ISOs).
Business cash advances often feature flexible repayment terms, which are typically a fixed percentage of daily credit card sales. The more a business processes transactions, the faster it pays back the advance. Conversely, slower sales lead to slower repayment.
Splash Advance does not publish specific qualification criteria. There are no publicly listed requirements for minimum credit scores, time in business, or annual revenue.
Merchant cash advances typically employ more lenient approval processes than banks, as repayment is based on future credit card sales rather than traditional creditworthiness. For this reason, MCA funders like Splash Advance tend to focus more on recent sales volume, cash flow, and overall account activity than on personal credit or collateral.
While MCAs can be appealing for businesses in urgent need of funds, they come with trade-offs. Merchant cash advances provide quick and easy funding, but come with higher costs and shorter repayment terms compared to traditional loans.
Daily remittance of credit card sales can cause cash flow interruptions if not managed correctly. Businesses may find that the automatic deductions affect their ability to cover payroll, rent, or other recurring expenses. Merchant cash advances can be potentially predatory for financially vulnerable businesses, as they can lead to a cycle of debt.
The company’s website provides very little information about its products and services, making it difficult to compare them with other options. For business owners seeking transparency about fees, business loan interest rates, and terms, this lack of detail can be frustrating.
Another critical point is that the funder’s primary focus seems to be on ISO and business loan broker partnerships rather than directly servicing small business owners. This emphasis on its business loan affiliate program may influence the quality of customer support and service for end-users.
Splash Advance offers a streamlined application process for small business loans. Here are the basic steps:
Business owners can begin by submitting an online application by visiting the Splash Advance application page and completing a brief form with their company details, sales information, and contact information.
Applicants are typically asked to provide recent business bank statements and, if applicable, merchant processing statements. These documents allow Splash to verify cash flow and sales activity.
If approved, the company will present an offer outlining the amount of funding, the remittance rate (the percentage of daily sales that will be collected), and any associated fees or terms.
After reviewing the offer, business owners sign an agreement electronically. Splash then disburses funds directly into the business account, often within 24 hours.
Once funding is received, repayment begins almost immediately. Repayment of merchant cash advances is automatically deducted from a business’s daily sales, which can affect cash flow.
While the website doesn’t specify whether Splash Advance charges prepayment penalties or offers early payoff discounts, many MCA providers do not allow traditional refinancing or flexible payoff terms. Customers should request written details before accepting an advance to avoid surprises.
The primary advantages of Splash Advance are speed and accessibility. Businesses that have been denied by banks or that cannot wait weeks for a decision often find MCAs attractive. The easy online business loan application, minimal paperwork, and fast approval process allow many customers to receive funds within 24 hours.
Splash Advance also markets itself as a direct funder, which eliminates the delays associated with third-party brokers. This can mean faster approvals and fewer layers between the business and the source of funds. For brokers and affiliates, the company offers next-day commissions, making it an appealing option for partners.
The downsides of Splash Advance largely mirror the risks of MCAs in general. High fees and factor rates make this one of the most expensive forms of financing. Automatic daily repayments can disrupt cash flow and put strain on businesses with inconsistent revenue.
Additionally, Splash Advance does not provide clear information about its products, rates, or terms on its website. Without transparency, customers are forced to rely on third-party complaints, phone calls, or reviews to check what to expect. The focus on ISO partnerships may also leave direct customers feeling unsupported.
Pros
Cons
Splash Advance appears to be a legitimate merchant cash advance company. Its website has an SSL security certificate, and it is listed in the deBanked Funder & Lender Directory. The SSL certificate helps protect user data and the website from online threats.
The company is not accredited by the Better Business Bureau (BBB), but it does hold an A rating on the watchdog site. While accreditation is optional, the rating indicates no major red flags.
Overall, Splash Advance is a legitimate business funding company with an online presence, customer reviews, and registered business information, which suggests it is not a scam.
Splash Advance has a limited online review presence. On Google, it holds a 5.0 out of 5 rating based on 11 reviews. While that is a strong score, the low number of reviews means customers should interpret it cautiously.
Positive reviews often highlight the company’s fast service and helpful staff. Customers mention receiving funds quickly and being satisfied with the simple approval process. Partners also leave feedback about prompt commissions and firm support.
Negative reviews are less common, but complaints on industry forums, such as DailyFunder, suggest frustration with the limited transparency and high costs associated with MCAs. Some users point out that the lack of published information on rates, terms, and repayment structure makes it hard to compare Splash Advance to other business funders.
While merchant cash advance companies typically have more lenient qualifications, there is no guarantee of approval. The company may decline an application for various reasons.
If Splash Advance denies your application, it should provide a clear and concise denial letter explaining the reasons for the denial. If not, or if you require further information, please contact the funder directly.
Fortunately, small business owners have many lenders to consider for their financing needs. You can find lenders that offer a wider range of products and greater transparency on loan amounts, rates, and terms, which may vary depending on the loan type. Many funding options provide merchant cash advance options. Small business loan marketplaces (like United Capital Source) can offer expert guidance to help you find the best loan option for your needs.
You may be interested in one of the following small business loans:
Splash Advance offers a straightforward solution for small business owners who may not qualify for traditional loans. It is especially relevant for those in high-risk industries or for affiliates looking for a funding partner. However, MCAs remain one of the costliest financing products on the market, and the company’s lack of published information makes it challenging to compare Splash with other funders.
For businesses that require rapid access to funds and are willing to accept higher fees, Splash may be a viable option. On the other hand, companies that prioritize transparency, predictable payments, and long-term financing should consider exploring alternative loan products.
Based on the available information, we rate Splash Advance 3 out of 5. It may be a beneficial merchant cash advance company, especially for affiliate partners, but the lack of information significantly reduces its value to small business owners.
Disclaimer: The Splash Advance trademark is owned by Splash Advance LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Splash Advance LLC.
