Providing Business Loans,
Lines of Credit, and More
to Clients in All 50 States, including Florida; Hartford, CT; and Philadelphia, PA

At Advance Smart, we offer a variety of merchant funding and business financing options. Some of our business loans include amortized loans, hard money loans, short-term loans, unsecured loans, working capital loans, and lines of credit. If you are interested in learning more about any of these financing options, please continue reading on or get in touch with a Funding Advisor today.


We take pride in being a trusted source of business financing for companies in all 50 states, including Florida; San Diego, CA; Boston, MA; Hartford, CT; Springfield, MA; Chicago, IL; Houston, TX; Phoenix, AZ; Philadelphia, PA; Dallas, TX; and beyond!

Micro Loans

Advance Smart is one of the very few companies that offer a micro loan program that is fully amortized. These micro loans give business owners a chance to save money on interest with this program if they pay off early, compared to a cash advance where you may only receive a 25% discount on the interest fee for paying off early. This product works like a true loan. For example, if $50,000 was borrowed over 12 months but paid off in 6 months, the guarantor would only be responsible for the 6 months of interest, not the full 12 months of interest. 


  • Stricter underwriting guidelines 
  • Cheaper cost 
  • Traditional micro loan 
  • Fully amortized
  • Credit needs to be 640 and above 
  • Not available in the following states:

Lines of Credit

  • Asset Based LOC
  • Up to 75% LTV (Loan to the value of collateral)
  • Programs range from 1 to 7 years
  • Cost is between 7% and 12% APR
  • Minimum 1 year in business
  • Payments made monthly
  • Minimum 660 FICO to apply with 6 bank statements and debt & real estate schedule


  • Receivables Based LOC
  • Up to 85% of 70% of the A/R (Accounts Receivable)
  • Term is revolving
  • Cost is between 10% and 15% APR
  • Minimum 2 years in business required
  • Payments made monthly
  • No minimum credit to apply with 6 bank statements, A/R, and P&L with balance sheet


  • Revenue Based LOC
  • Up to 125% of monthly gross sales
  • Term is 12 months
  • Cost is around 2% per month, simple interest
  • Minimum 6 months in business required
  • Payments made weekly or monthly
  • Minimum 620 FICO to apply with 6 bank statements

Term Loans

  • Receive up to 25% of your annual sales
  • Term loans range from 2 to 4 years
  • Term loan / secured loan APR is from 8.99% to 12.49% annually
  • Fixed payment is an ACH bi-weekly and monthly payments
  • Bankruptcies must be discharged in one year with paperwork and tax liens in a payment plan
  • Minimum $25,000 gross monthly volume required
  • Merchant must net at least 50% of the loan after the payoff of a current balance
  • Minimum 2 years in business required
  • No negative days in the bank statements, prefer profitability in the tax returns
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum unsecured loan FICO is 480; secured loan is 620 to apply with 6 months of bank statements

Unsecured Loans

  • Receive up to 150% of monthly sales, 35% to 50% for bad credit
  • Programs range from 3 months to 24 months
  • Cost factor is between 1.12 and 1.45
  • Payments made daily, weekly, bi-weekly or monthly
  • No open bankruptcies; tax liens must be in a payment plan
  • Minimum $5,000 gross monthly volume is required
  • Minimum 3 months in business is required
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum 500 FICO to apply with 6 months of recent bank statements

Merchant Cash Advances

  • Programs range from 3 months to 15 months
  • Cost factor is between 1.20 and 1.45 (1.06 for over 150K monthly processing)
  • No more than 12% of monthly gross sales can be debited
  • Repayment can be a split batch, lockbox, or ACH
  • Bankruptcies must be discharged in one year with paperwork and tax liens in a payment plan
  • M10 batches monthly and minimum $3,000 in monthly processing required
  • Minimum 2 years in business required
  • Interest cannot be written off in business taxes using a 1099-INT form
  • Minimum 500 FICO to apply with a signed application and your SBA commitment letter

Equipment Leasing

  • Loan amount is 100% of the purchase price of the equipment being leased
  • Programs range from 2 to 4 years
  • Cost for equipment leasing is 1.89% per month
  • Payments made monthly by check
  • Bankruptcies and tax liens are handled on a case-by-case basis
  • Minimum $25,000.00 lease is required
  • There is a $1.00 buyout option for every lease
  • Minimum 600 FICO to apply with an application and full equipment specifications and photos

SBA Loans and Hard Money Loans

  • Loan amount is on a case-by-case basis and depends on the request
  • Up to 75% LTV (Loan to value of collateral)
  • Programs range from 1 year to 25 years
  • Cost for an SBA loan is around 6.25% plus prime annually
  • Cost for a hard money loan is between 4.65% and 12% annually
  • Payments made monthly by check
  • No open bankruptcies and no tax liens
  • Minimum $25,000 gross monthly volume is required
  • Minimum 3 years in business required
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum 640 FICO to apply with 3 years of tax returns personal and business with YTD financials

What if I have questions?
Just call 860-952-3709 to speak to an Advance Smart customer service representative 24 hours a day/7 days a week. Every business owner is assigned a free personal funding advisor.

How do I get started?
To get started simply Apply For Funding and a funding specialist will get in touch with you shortly. You can also choose to call us at 860-952-3709.