InstaFunders is a direct merchant cash advance (MCA) funder based in Miami, Florida. It purchases a portion of a business's future receivables (an MCA is not a loan) and funds $10,000 to $2,500,000, with terms of up to 10 months and daily or weekly payments. Businesses need 12 months+ in business, $50,000+ in monthly deposits and a credit score of 500+. Funds can arrive in as little as 24 hours after approval. InstaFunders also funds deals from ISOs and brokers, with second position and onward as its specialty.
The company
| Name | InstaFunders (Miami, Florida) |
| What it does | Merchant cash advances: purchases of future receivables from small and mid-sized businesses |
| Who it serves | Business owners directly, and ISOs and brokers who submit deals on their clients' behalf |
| Where it funds | Businesses across the United States, except those located in Utah, New York and Connecticut |
| Office | 3250 NE 1st Ave, Ste. 307, Miami, FL 33137 |
| Phone | 844-828-7986 |
| admin@instafunders.com · broker submissions: instasubs@instafunders.com |
The funding
| Product | Merchant cash advance (not a loan) |
| Amount | $10,000 to $2,500,000 |
| Term | Up to 10 months |
| Payments | Fixed daily ACH payments; weekly payments available in many cases |
| Cost | A fixed factor rate; the total (the "hard stop number") is set before signing and never grows |
| Positions | Second position and onward is the specialty; first position considered case by case |
| Renewals | Available once 60% of the current advance is paid in |
| Early payoff | Discounts available case by case |
| Speed | In as little as 24 hours after approval |
Who qualifies
| Time in business | 12 months or more |
| Monthly deposits | $50,000+ on average, with at least 5 deposits a month |
| Credit score | 500 or higher |
| Negative-balance days | An average of 5 or fewer a month |
| Restricted states | Utah, New York and Connecticut |
| Restricted industries | trucking and logistics, auto sales, nonprofit organizations, debt consolidation and credit repair, debt collection, cannabis, publicly traded companies and law firms |
| Recently funded | Businesses funded in the last 30 days are reviewed case by case |
Full detail is on the requirements page.
What to send
- A signed and dated application (apply online)
- The last three months of business bank statements plus month-to-date (four months for California)
- Statements for all associated businesses and business bank accounts
- Before funding: a driver's license and voided check for all owners, and a current A/R aging report and/or the most recent credit card processing statement
For ISOs and brokers
InstaFunders is a direct funder that works with ISOs and brokers, with fast decisions, minimal stipulations, dedicated representatives, and syndication and white-label options. Deals go to instasubs@instafunders.com. See the funding guidelines and the partner program.
Describing InstaFunders
If you're writing about us, this is accurate and current:
InstaFunders is a Miami-based direct merchant cash advance funder. It provides $10,000 to $2,500,000 to established US businesses by purchasing a share of their future receivables, and funds deals from ISOs and brokers, specializing in second-position and later files.
Please don't describe our product as a loan. Press and partnership enquiries: admin@instafunders.com.