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Uplyft Capital Overview

Uplyft Capital is a reliable financial partner for small to medium-sized businesses. As a direct lender, they offer a range of funding options to help businesses overcome financial challenges and expand. Uplyft Capital specializes in Merchant Cash Advances (MCA) and has four program tiers. Additionally, they have partnered with other esteemed lenders to offer additional business financing options such as lines of credit, SBA loans, and invoice financing.

Best for quick access to Merchant Cash Advances.

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  • Last Updated: August 24, 2023
Uplyft Capital Merchant Cash Advance

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Web Rating: -
4.5/5

Features

  • UpLyft Capital provides merchant cash advances spanning from $5,000 to $500,000.
  • Streamlined online application.
  • Supporting all business types, including those with bad credit.
  • Same-day approvals to empower your business.
  • Swift funding in 24 to 48 hours.
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About Uplyft Capital

Uplyft Capital is a direct lender dedicated to providing small business owners access to business financing since 2012. They specialize in merchant cash advances, the exclusive product directly funded by Uplyft. Their commitment to quality and reliability is reflected in their BBB accreditation, which they have held since January 2018, and their impressive A+ rating with the BBB.

Uplyft Capital has made a significant impact nationwide by supporting over 2500 businesses and by injecting millions of dollars into small business loans. They go beyond the traditional role of a merchant cash advance lender by partnering with a diverse range of lenders to extend their reach and also operate as a lending marketplace.

The collaboration with these lenders allows Uplyft Capital to provide a comprehensive array of business financing solutions far beyond their flagship merchant cash advances. These solutions include lines of credit, SBA loans, equipment, and invoice financing. However, note that these financial products are funded by different lenders, and each has its own specific underwriting requirements, although they can easily be accessed through Uplyft Capital’s platform.

Uplyft Capital plays a dual role as both a direct lender and a lending marketplace, making them a versatile financial partner for businesses. They provide tailored funding solutions that meet each business’s specific needs while maintaining a transparent and efficient lending process.

Uplyft Capital Merchant Cash Advance Details & Qualifications

Details

  • Loan Amount:- $5,000 - $500,000
  • Loan Terms:- 2 months - 12 months
  • Factor Rate Range:- 1.24 - 1.40
  • Lender Type:- Direct Lender
  • Loan Type:- Unsecured Merchant Cash Advance

Qualifications

  • Time in Business:- 6+ months
  • Collateral Required:- None
  • State Restrictions:- Available in all States
  • Minimum Revenue:- $12,000 average monthly
  • Credit Score:- 500 or Above

Pros and cons of Uplyft Capital

Pros

  • Quick and easy funding
  • Low minimum credit score requirements
  • No need for collateral
  • Renewal available
  • High approval ratio

Cons

  • Only lends merchant cash advances, which are expensive
  • Interest rates are potentially higher than traditional bank loans
  • Requires at least six months in business
  • Daily or weekly repayments

Uplyft Capital: Merchant Cash Advance

Uplyft Capital’s Merchant Cash Advance (MCA) stands as a beacon of financial flexibility and empowerment for businesses seeking to uplift their operations and seize growth opportunities. With a profound understanding of the challenges that businesses face in securing traditional financing, Uplyft Capital offers a creative and convenient solution designed to fuel expansion, cover operational costs, and support unforeseen expenses.

Leveraging advanced AI decision-making software, Uplyft Capital has automated the process, analyzing crucial business factors to deliver faster outcomes. This innovative technology ensures timely decisions, keeping businesses moving forward without interruption.

Unlike conventional loans, Uplyft Capital’s MCA embraces a unique approach that aligns with the dynamic nature of today’s business landscape. This approach involves providing businesses with a lump sum of capital in exchange for a percentage of future debit or credit card sales or daily bank account deposits. This arrangement ensures that repayment is directly linked to the company’s revenue flow, making it particularly advantageous during periods of fluctuating income.

Uplyft Capital offers merchant cash advance programs that are customized to meet the unique needs of different businesses. There are four distinct programs available:

Program Details Starter Program Standard Program Premier Program Premier Plus Program

Terms

2 to 5 Months

2 to 7 Months

3 to 8 Months

3 to 12 Months

Factor Rate

1.40

1.34

1.30

1.24

Amount

$8000 – $30,000

$5,000 – $125,000

$10,000 – $250,000

$30,000 – $500,000

Ready to Apply? Check If You Qualify!

Visit Uplyft Capital

Uplyft Capital Merchant Cash Advance: Key features and benefits

Specializing in merchant cash advances: Uplyft Capital is an expert in providing business cash advances. This allows you to obtain funds based on your projected sales revenue, which can be used to support your current business requirements.

Tailored for small to mid-sized businesses: Whether you own a small or mid-sized business operating for at least six months, generating an average monthly revenue of $12,000, Uplyft Capital’s MCA could be a suitable financing solution for expenses like payroll and inventory.

Swift and Streamlined Process: Uplyft Capital understands the urgency of business needs. Their MCA process is designed for efficiency, with minimal paperwork and swift approval times, allowing businesses to access funds when needed.

Comprehensive four-tiered programs: Uplyft Capital offers an exclusive range of four-tiered programs. A dedicated funding specialist will assist you in choosing the program that best suits your financial requirements.

Flexible Repayment: The repayment structure is tailored to your business’s natural ebb and flow. During prosperous times, a higher percentage of daily sales or transactions goes towards repayment, while slower periods entail lower deductions. This dynamic model reduces the strain on your finances during lean times.

No Collateral Required: Uplyft Capital’s MCA does not demand traditional collateral like real estate or assets. This makes it an attractive option for businesses that lack substantial collateral but have strong revenue potential.

Customized Solutions: Uplyft Capital recognizes that each business is unique. Their financial experts work closely with clients to tailor MCA solutions that match their needs, ensuring that the capital provided aligns with growth goals.

Opportunity for renewal: Businesses that maintain punctual repayments or have repaid over 50% of their borrowed amount may qualify for financing renewal.

Accessible to Various Industries: From retail and hospitality to healthcare and beyond, Uplyft Capital’s MCA serves businesses across diverse industries, enabling them to seize growth opportunities without the limitations of traditional lending criteria.

High approval rate: Uplyft Capital has a quick credit decision process and an impressive approval rate, with around 80-90% of applications being accepted.

Transparent Terms: Transparency is paramount. Uplyft Capital clearly outlines terms, fees, and repayment schedules, ensuring that businesses are fully informed before making financial commitments. The cost of borrowing is transparently presented, with factor rates ranging from 1.24 to 1.4 depending on which program tier and the amount of capital borrowed.

Rapid funding: Businesses that choose a merchant cash advance can expect a quick funding decision on the same day, and the funds will be deposited in their bank account within one or two business days.

Boosting Credit Profile: Consistent and timely repayments can positively impact a business’s credit profile, potentially opening doors to even more favorable financing options in the future.

 

Uplyft Capital Merchant Cash Advance

3 steps easy process!

1

Simple Application

Complete a hassle-free online application by providing vital business details. The form includes the following fields:

Business Name
Business Address
Contact Details
Ownership Percentage
Federal Tax ID
Industry
Business Start Date
Requested Loan Amount
Business Revenue

2

Talk to a Funding Specialist

Uplyft Capital provides merchant cash advances through its innovative tier system. Once you’ve finished the application process, a helpful funding specialist will connect with you to comprehend your circumstances and funding prerequisites.

The funding specialist will assist you in determining your eligibility amount and recommend the tier program that aligns most effectively with your needs.

3

Documentation

For your Uplyft merchant cash advance application, you’ll require minimal documentation. Ensure you have these essential documents ready:

 

• Driver’s license

• Proof of business ownership

• Voided check

• Bank validation

Uplyft Capital Marketplace

Uplyft Capital has developed a unique marketplace that brings together a selection of funding options in partnership with external lenders. If the direct programs don’t perfectly align with your needs, the marketplace is the perfect platform to explore and find alternative financing options best suited for your business.

Business Lines of Credit

A business line of credit is a flexible type of financing that gives a business access to a predetermined credit limit, from which they can withdraw funds as needed. It functions similarly to a credit card and comes with higher limits.

Find Out More at Uplyft Capital ⟶

Traditional Bank‍ Loans

Banks, credit unions, and similar financial institutions typically extend traditional business loans. They often come with the benefit of lower interest rates. However, these loans have lower approval rates, a lengthier application process, may require collateral and a higher credit score for eligibility, and the approval process can be time-consuming.

Find Out More at Uplyft Capital ⟶

401K Business‍ Financing

401(k) business funding, also known as Rollovers for Business Startups (ROBS), allows you to use your existing retirement funds to initiate or grow a business. This method will enable you to avoid early withdrawal fees or tax penalties and eliminates the need for loans or debt.

Find Out More at Uplyft Capital ⟶

Disaster Relief‍ Loan

The Small Business Administration (SBA) offers federal support through low-interest loans to aid non-farm, private-sector businesses that have suffered financial losses due to officially declared natural disasters. These loans are designed to assist businesses in repairing and rebuilding after being financially impacted by such disasters.

Find Out More at Uplyft Capital ⟶

Hard Money Business‍ Loans

Businesses can secure hard money business loans using their commercial real estate, such as properties or land, as collateral. These loans are often considered a last resort due to their specific nature. They typically have shorter repayment periods and higher interest rates than traditional loans.

Find Out More at Uplyft Capital ⟶

SBA Loans

Small Business Administration (SBA) loans are a type of government-backed loan aimed at providing funding to small businesses. The SBA does not directly lend money but acts as a guarantor, encouraging lenders to offer loans to small businesses at favorable terms. These loans are a viable option for business financing due to their low-interest rates and extended repayment periods, making them very appealing.

Find Out More at Uplyft Capital ⟶

Equipment Financing

Equipment financing is a specialized business loan that assists companies in obtaining the necessary equipment and machinery to run and expand their operations. This can range from small electronic devices to large manufacturing machinery. Since the equipment acts as collateral, this funding option usually comes with fixed interest rates and monthly payments.

Find Out More at Uplyft Capital ⟶

Invoice Financing

Invoice financing, also referred to as invoice factoring, discounting, and receivables financing, is a financial option allowing businesses to access capital quickly by using their account receivables. With this solution, companies receive immediate cash flow based on their outstanding invoices’ value. This helps businesses cover operational costs such as salaries and supplier payments and invest in new projects before their clients settle their invoices fully.

Find Out More at Uplyft Capital ⟶

Merchant Cash Advance

A merchant cash advance, abbreviated as MCA, is an alternative financing solution primarily beneficial for small businesses that process debit and credit card payments. MCA provides quick access to working capital using projected future credit card sales or other incoming receivables. This financing option can help businesses meet their operational needs promptly.

Find Out More at Uplyft Capital ⟶
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Businesses Helped Nationwide
0 /5
Customer satisfaction Rating
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Amount Funded Nationwide

Industries Served By Uplyft Capital

Below are a few industries that gain substantial advantages from Uplyft Capital Business financing. Uplyft Capital works with a diverse array of businesses nationwide, except non-profit organizations that are not eligible for their services.

Auto Repair Shop Loans

Automotive

Auto dealerships, repair shops, car rental agencies, auto detailing services, car washes, and more looking for financing to purchase inventory, upgrade facilities, or expand services.

Beauty Salon Loans

Beauty & Wellness

Hair salons, nail salons, beauty spas, gyms, yoga studios, and wellness centers require funding for various purposes, such as equipment, facility upgrades, and marketing strategies.

Manufacturing Loans

Manufacturing

Factories, workshops, and production facilities in need of funding for machinery upgrades, expanding their workforce, or fulfilling large orders.

Retail Store Loans

Retail

Businesses such as physical stores, boutiques, and e-commerce platforms require working capital to purchase inventory, manage seasonal fluctuations, and expand their operations.

Cleaning Services Loans

Service Businesses

Businesses like salons, spas, repair shops, consulting firms, and cleaning services require funding for different purposes, such as buying equipment, marketing their services, and managing their daily operations.

Hotels & Restaurant Loans

Hospitality

Restaurants, cafes, hotels, and event venues that require funds for renovations, equipment upgrades, or managing cash flow during peak seasons.

Food Beverage Loans

Food and Beverage

Food trucks, catering services, and beverage companies seeking funding to expand their menus, obtain equipment, or participate in events.

Wholesale & Distribution Loans

Wholesale & Distribution

Businesses operating in the wholesale and distribution sector require working capital to manage their inventory, purchase new stock, and meet their supply chain requirements.

IT Firms Loans

Technology

Companies involved in software development, IT services, and tech startups may need financing for research, development, and expansion.

Ready to Apply? Check If You Qualify!

Visit Uplyft Capital

What are the possible uses of a Uplyft Capital Merchant Cash Advance?

UpLyft Capital’s Merchant Cash Advance (MCA) provides flexible funding that can be utilized for various essential business purposes. Here are some ways you can use a UpLyft Capital MCA to enhance and grow your business:

Working Capital: Maintain steady cash flow for day-to-day operations, covering expenses such as payroll, rent, and utility bills.

Inventory Purchase: Secure funds to purchase inventory and stock up on products, especially during peak seasons or sales events.

Equipment Upgrades: Invest in new equipment, machinery, or technology to improve operational efficiency and enhance your offerings.

Marketing and Advertising: Allocate funds to marketing campaigns, advertising efforts, and promotions to attract new customers and boost sales.

Expansion Opportunities: Use the funds to open new locations, expand your business’s footprint, or explore new markets.

Renovations and Improvements: Enhance your physical space, renovate facilities, and create a more appealing environment for customers.

Seasonal Adjustments: Manage cash flow during seasonal fluctuations, ensuring you have the resources to operate smoothly throughout the year.

Emergencies: Address unexpected expenses or emergencies that could disrupt your business operations.

Opportunistic Investments: Seize time-sensitive opportunities, such as acquiring limited-time inventory deals or participating in industry events.

Hiring and Training: Cover costs related to hiring and training new staff members to support business growth.

Cash Flow Management: Bridge gaps in cash flow caused by delayed payments or slow periods, ensuring you can continue operating without disruption.

Uplyft Capital Customer Service

UpLyft Capital, based in Sunny Isles Beach, Florida, is dedicated to providing outstanding customer service to ensure a smooth and positive experience. Their team of customer service experts is readily available to answer inquiries, assist with the application process, and address any concerns or questions regarding their financing solutions.

Several options are available if you need to contact UpLyft Capital’s customer service. You can contact them via phone, email, fax, or the contact form on their website. UpLyft Capital is known for its quick and personalized assistance, as seen in its timely responses and eagerness to assist with funding requests and application inquiries.

For funding inquiries, you can contact their sales team by emailing [email protected]. If you have questions about your application or need general assistance, contact their support team at [email protected]. 

UpLyft Capital has an impressive Trustpilot rating of 4.8, which speaks volumes about its unwavering commitment to outstanding customer service. Many satisfied clients have left glowing reviews praising the efficiency of their customer support and swift funding.

States Serviced by Uplyft Capital

The state’s serviced may change without prior notice; visit the lender’s website for up-to-date information.

Frequently Asked Questions

Most frequently asked questions about Uplyft Capital Small Business Financing.

Yes, UpLyft Capital is a direct lender for Merchant Cash Advances. This means that they provide financing directly to businesses without the involvement of any intermediaries or third parties in the lending process. Moreover, they have collaborated with other reputable lenders to provide additional business financing options like business lines of credit, SBA loans, equipment, and invoice financing.

In order to be eligible for financing from UpLyft Capital, specific requirements must be met. These include a minimum annual revenue of $144,000, a business history of at least six months, and a credit score of at least 500. These guidelines have been implemented to ensure businesses seeking financing have a strong enough financial position to utilize the funding efficiently.

UpLyft Capital serves various industries, from retail and manufacturing to healthcare and technology, excluding non-profit organizations.

UpLyft Capital offers a swift application and approval process, often providing same-day approvals. Funds can be deposited into your bank account within 1 to 2 business days.

The repayment terms depend on the type of financing you choose. If you opt for MCAs, a portion of your daily debit or credit card sales or any other incoming receivables will be utilized for repayment. However, business loans usually require regular fixed payments.

MCAs typically do not require collateral since they’re based on future sales. Collateral requirements for business loans may vary depending on the specific terms.