Author: Kaitlyn Short
Merchant Advisors is an online lending company founded in 2003 in Essex, Connecticut. The company offers a wide variety of loans to small business owners with no closing costs and flexible repayment options. Borrowers are generally able to get approved within one hour and receive funds within three to five days. Exact loan details regarding requirements and fees are not disclosed to the general public on its corporate website. Consumers that choose Merchant Advisors should remember that they must have a credit score of 550 or higher.
Merchant Advisors offers a wide range of loan choices and other financial services for small business owners. Small business loans can be refinanced for lower rates once 50 percent of the loan is paid and many offered lending programs are tax deductible. Loan fees are minimal and borrowers only pay the interest on the unpaid principal for each day the money is being borrowed. Merchant Advisors offers flexible repayment options and does not require collateral in order to be approved.
Merchant Advisors does not disclose any limitations on the funding amount a small business owner may borrow. There is no FAQ section on the company website that provides specific details on how the lending process works. While the company states on its website that it offers flexible loan repayment options, it does not provide specific details on what these are.
Merchant Advisors does not disclose certain potential loan fees to the general public on its corporate website. The company does not list origination fees, or interest rates. Interest fees vary by lender and loan choice, which makes it difficult to determine if the borrower is getting the best possible deal.
There are no specific details provided on the corporate website regarding the company's history in the finance services industry or its executive leadership. Merchant Advisors does not list on its website the total amount of funding it has provided to small business owners since it started.
Merchant Advisors provides numerous loan choices as well as other finance services to all types of small business owners. The finance services company provides fast approval and quick access to funding; however, little information is publicly disclosed by the company on its website regarding its loan process and any potential fees. We cannot recommend working with Merchant Advisors at this time.
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Lewis Craw Ford Essex, CT
5 years ago
lilyandrew Essex, CT
5 years ago
Lily Grayson
7 years ago
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