Alfa Advance Funding Reviews - Financial Lender Pros & Cons

tamara-cohen writer
By Tamara Cohen
Updated January 31, 2019
Editor's Rating
High Risk Lender
Customer Rating 23 Reviews
Types of loans
  • High-risk merchant cash advances (MCAs) Reverse consolidation services
Loan amounts
Not specified
Terms of payment
Not specified
  • Works with high-risk merchants
  • Same-day funding
  • Offers debt restructuring
  • Little or no loan information available online
  • Does not provide rate or term details
  • Debt restructuring details missing from website

What businesses are best served by Alfa Advance Capital?

Alfa Advance Capital’s advances and debt consolidation services are designed to meet the needs of “healthy, but underserved” businesses, including those in high-risk industries. Whether a merchant is in need of fast cash to cover emergency expenses or is struggling to break free from an endless cycle of debt payments, Alfa Advance Capital may be able to help. Businesses denied funding elsewhere or without the time, documentation or financial strength to meet the requirements of traditional lenders are welcome to apply to this lender.

Company Profile

Alfa Advance Capital is a small, privately-owned company located in Miami, FL and is dedicated to providing fast funding and debt consolidation services to businesses in just about every industry. Founded in 2016 by a team with more than a decade of experience in finance, the lender works with small- to moderate-sized companies across the U.S. to find funding options based on overall financial health, not just credit scores.

Positioning itself as a faster alternative to traditional loans and SBA funding, Alfa Advance Capital removes many of the barriers preventing high-risk businesses from obtaining advances or getting help with current financial obligations. The lender is dedicated to providing “exceptional” customer service, quick responses and competitive offers and rates.

Companies requiring next-day funding to recover from cash flow setbacks or recover from unusually slow seasons don’t have time to wade through the complicated application procedures associated with traditional loans. Alfa Advance Capital aims to meet these needs with its MCA options and an experienced team of underwriters.

Credit Policy

According to the lender’s LinkedIn profile, Alfa Advance Capital provides MCAs to “healthy businesses” and says its underwriters look beyond personal credit scores to consider the performance of the business as a whole. The Alfa Advance website adds its team “evaluate[s] the revenue” to “assess the business” and that the lender is open to working with companies “regardless of credit history with no strings attached.” This suggests no minimum credit score is required and merchants can apply as long as they have enough documentation to allow the lender to perform a detailed evaluation of cash flow, financial standing and funding needs.


According to Alignable, Alfa Advance Capital specializes in high-risk lending, although how this fits with the lender’s own definition of a “healthy business” is unclear. The language and tone used on the Alfa Advance website gives the impression just about any business in any circumstance will be considered for funding.

According to LinkedIn, Alfa Advance Capital has “one of the easiest to obtain” advances in the alternative lending industry. This can be a boon for companies facing tough financial circumstances, or it can be a red flag. Having few requirements and a lenient credit policy means Alfa Advance Capital could be a lifesaver for a business that would have to declare bankruptcy or close its doors without quick funding, but “fast-cash” lenders willing to do anything to close a deal may use predatory practices like high interest rates in an attempt to offset the higher level of risk.

Target Market

Alfa Advance Capital “accepts all industries and business size[s]” for funding. Its homepage represents typical merchant clients with photos depicting hospitality, construction and service businesses, suggesting a wide range of companies come to the lender for advances or help with debt consolidation.

Cautionary Industries

This lender makes it a point to emphasize its willingness to provide advances to just about any business for any reason. As long as a merchant qualifies, the underwriters at Alfa Advance Capital will “discuss all potential options of funding” available and work with merchants to find the option “best suited” to their needs.

It’s an unusual approach even for “fast-cash” MCA providers in the alternative lending industry. Usually, lenders have at least a few business types with which they prefer not to work. However, because Alfa Advance Capital markets itself as an option for “underserved” businesses, it’s possible companies in such industries can obtain funding or debt consolidation services through this lender when others are hesitant or unwilling to help.

Term Length

MCA loans are typically paid back in daily installments based on a percentage of a merchant’s credit card sales. This percentage is agreed upon prior to the deposit of the advance and is usually taken out of the merchant’s business bank account as an automatic payment. Payments vary due to this structure, and the full amount of the advance is paid back more quickly if sales volumes are high.

Terms for typical reverse consolidation programs are structured to give business owners more time to pay off their debts. Spreading payments out over a longer period reduces the financial burden and allows merchants to avoid the negative consequences of defaulting or declaring bankruptcy.

What’s Required to Apply

Business owners interested in applying with Alfa Advance Capital must contact the company for approval requirements and application details. The only contact form on the site is tailored to ISOs and brokers wishing to partner with the lender, although the content on other pages speaks directly to merchants. The best option appears to be calling the company to talk to a member of its underwriting team.

Applying for an MCA typically requires businesses to provide:

Some lenders ask for details regarding the number of negative ending days or NSF days per month, sales projections, tax information and other related statements to get an idea of the financial health of the company.

Because Alfa Advance Capital states its team is committed to providing fast funding, the turnaround time after a merchant submits an application should be quick. After underwriters evaluate the financial information, the lender reaches out to the applicant with available funding options. Merchants can expect advances to be deposited as soon as the day following their acceptance of an offer.

Availability of reverse consolidation services likely depends on how much debt a company is carrying, its current financial status and its ability to keep up with the payments required to satisfy the consolidation agreement.


No rate information is available from Alfa Advance Capital, but puts the average range at 1.2 to 1.5. According to NerdWallet, the typically high rates and fluctuating payments of MCAs can make the equivalent APR anywhere from 40 to 350 percent. This can put a significant burden on businesses already struggling with finances and is one of the reasons why an MCA is typically considered a short-term or emergency solution to cash flow problems.

Alfa Advance Capital advertises its advances as having no “unreasonable repayment requirements” and emphasizes its transparency with fee schedules. Merchants seeking more information can call the lender or submit an inquiry via email.


Businesses seeking MCAs may already be facing financial difficulties in addition to the circumstances for which the advance is required. This could make it difficult to pay back the advance and lead the company to seek additional funding either from the original MCA provider or another lender, or a company could already be carrying debt from other lenders when it comes to Alfa Advance Capital.

The emphasis at Alfa Advance Capital seems to be on providing funding regardless of circumstances. It’s unclear what level of risk this particular lender is willing to assume, especially since its advances are unsecured.

Businesses should be aware of the risks of stacking, including restricted cash flow and an increased likelihood of defaulting, before considering additional funding on top of existing loan obligations.

Documentation Fees

Alfa Advance Capital advertises “no hidden fees” on its loans; however, the lender doesn’t specify whether this means they don’t charge for processing documents or they provide full disclosure of document fees to merchants at the time of application.

Origination Fees

No origination fees are listed or stated.

Renewal Policy

Some MCA lenders allow merchants to apply for additional funding once a percentage of the initial advance has been paid off, but Alfa Advance Capital doesn’t state whether this option is available to its customers. Its focus on providing funding to nearly all industries with as few restrictions as possible suggests renewal may be an option, but it’s always in the best interest of a merchant to consider the effect additional loan payments would have on cash flow. Taking out another advance adds not only the cost of the principal but also the associated fees, and repeated renewals can create the kind of inescapable debt cycle Alfa Advance Capital’s consolidation services are designed to address.

Interest Forgiveness

There is typically no benefit to paying back an MCA early. In fact, the faster the amount of the advance is returned to the lender, the higher the equivalent APR. Businesses must pay the principal and all fees discussed in the original loan agreement at whatever rate their daily credit and debit sales allow.

Reverse consolidation is already a form of debt relief and can ease the burden of high interest rates on existing cash advances and loans.

Loan Use

Cash advances are intended for business purposes only, although merchants typically don’t have to provide information on how they plan to use the money. Due to the high interest rates often associated with MCAs, this type of funding is best reserved for emergency circumstances or short-term needs. Alfa Advance Capital states several common uses for MCAs, including:

Merchants may also request MCA loans to support their companies during seasonal lulls or get them through unexpected slow times. Businesses anticipating an influx of cash in the near future but requiring just a little extra capital to make it until the opportunity comes through can also make use of an MCA.

Reverse consolidation services allow businesses to pay down existing debt by providing enough to cover monthly payments to creditors and lenders and taking a much smaller payment in return. Merchants can use the money saved with this method to get finances in order and bring the business to a place where loans are no longer required to keep it afloat.

Licenses & Accreditations

At the time of this writing, Alfa Advance Capital is not accredited by the BBB or any other institution. No press coverage is available at this time.

Company Contacts Details

Phone number:


Key personnel:

Social media:


17 User Reviews

Lydia Leuschke

Jul 2, 2020 10:24 AM

I was reluctant about dealing with these lenders but my business partner suggested it’s not that bad and all business lend from lenders and banks all the time and there is nothing odd in that. I took a leap of faith and my partner and I contacted Alfa Advance Funding for a merchant cash advance of $150,000 for our wholesale distribution business. We provide office furniture and equipment in about 7 states. The business loan was very helpful indeed. We were able to manage our finances better and perform a couple of daily operations with more ease without the capital restraints that we had been encountering since a couple of months. I must say I am grateful to Alfa for the business loan.


Britney Rogahn PhD

Jul 31, 2020 9:31 PM

My experience with Alfa Advance Funding has been great. My loan officer was a great person and helped me throughout. I got the business line of credit in just 24 hours, straight in my account. The buying rate of 1.26 seems reasonable too but the only thing that bothers me is the fact the payback term duration of 10 months. The time seems too short and doesn’t give me enough space to use the funds fully but my loan officer assured me that this is the best deal as per my revenue projection. I am still a little worried but I guess, I cannot complain much. Everything else has been too easy and convenient.


Angel Anderson

Nov 18, 2020 3:20 PM

Alfa is an easy and simple business loan provider! Got a small $50,000 online business loan for my wellness centre! Cannot be grateful enough!


Telly Stehr

Dec 5, 2020 8:32 PM

Not the best customer service and professionalism. I applied for the online business loan and while I was having a conversation over a phone call with the loan agent, he asked me about my revenue per month and I told him it’s different every month as my beauty salon works on daily income and all that. Some months I get more customers every day, whereas some months could be less engaging. He seemed a little annoyed by my answer for he, in a clearly crude tone, said he needed an estimate figure. I was a bit confused but I gave him a simple figure on the low end of the income, off the top of my head. I was rushed off the call after the loan officer learnt I make some $12000. He simply said, we cannot accommodate your business with this revenue projection. And before I could negotiate or anything, he told me he had other clients to attend to. Said bye and hung up! This is not only unprofessional but downright rude and insensitive too. If I could give them zero stars, I would most definitely do that! AWFUL COMPANY!!


Tyra Swaniawski

Dec 7, 2020 2:20 PM

Sorry to hear about your experience. I had quite a similar experience while applying for a merchant cash advance for my small restaurant in Boston. The loan officer was not very nice. He was very rude and had no sense of customer service. I did not feel comfortable with the guy. But I had heard so much about Alfa from a friend that I was surprised how could my experience be so bad. Instead of deciding not to do business with the company, I planned to talk to the management and post a complaint. You would not believe but my complaint was returned with sincere apologies and another loan officer was assigned to me and he proved to be a very nice guy, who was not only friendly but very helpful as well. I got my business loan in just 4 days and that too, at very reasonable rates.


Telly Stehr

Dec 8, 2020 10:28 PM

You are right maybe but I have already applied for a business loan with Yellowstone and the deal is making good progress. Been a week, just waiting for the cash now. It should be in my account in a day or so. It’s a bit slow but at least their customer service is better than Alfa! Thank you for the suggestion though!


Tyra Swaniawski

Dec 10, 2020 6:29 PM

Oh! Good luck dude! I really hope this works for you!


Telly Stehr

Dec 10, 2020 9:27 AM

I have received the capital and I am satisfied so far with Yellow stone. Whatever happened, it happened for good. Alfa would not have been this professional and supprtive!


Haven Hahn

Mar 3, 2021 1:38 PM

Great company with good factor rates. My utility store in Denver was at the verge of getting shuttered. Did not have enough money to refill the stock but with the help of Alfa Advance’s business loan, I was able to get my business back to running position. With new stock in the store now, sales are getting better and I have good expectations from my business. Thanks to the business line of credit offered by Alfa, who I am now paying back weekly with some ease. I would definitely recommend this lender to everyone who is looking for an easy access to instant business loans.


Rosina Hoeger

Mar 4, 2021 6:24 AM

My beach club in Miami needed a simple business loan to help me expand my business and better the quality of services provided! Alfa Funding asked for my business’s revenue projection to decide if I were eligible for the asked merchant cash advance. Needed some 225k to 250k for the purpose. After review of my application, they told me they could offer me a merchant cash advance of 200k. It was less than what I was looking for but they told me it is what I have qualified according to their assessment of my business and income. I was a little bit disappointed but I accepted the offer. They were professional and honest! The application process was simple too. I’ve just received the capital a couple of days ago and already the cash flow has proved beneficial for the business. I’m looking forward to using the money for improving my beach club and making the most out of the business loan provided by Alfa Advance!


Betty King

Mar 31, 2021 11:27 AM

The loan coordinator I got was very knowledgeable and courteous! Being someone who has no financial knowledge whatsoever and someone who has never dealt with a bank or lender in a lending capacity, I had no idea about the process except that my spa needed a business line of credit and Alfa Advance Funding was suggested by a friend. My loan coordinator helped me throughout the process and explained everything to me so that nothing remained ambiguous to me. He found the best business line of credit deal for my company. I am fully satisfied with Alfa!


Lexus Streich

Apr 1, 2021 5:33 PM

You should not put too much trust in these people. You should have some knowledge yourself. Or at least get a financial advisor who could tell you the intricacies and complexities involved in such deals. I was where you are today and knew nothing and trusted these people but turns out, no matter how nice and knowledgeable they are, I should not have depended on them blindly. The failed to mention the documentation, which just took 1 day, had a fee as well. If it weren’t for my friend who works in a bank, they would have robbed me with their sugary talk!


Betty King

Apr 1, 2021 9:44 AM

You’re absolutely right. And I have talked about the loan agreement with a friend too and he’s approved that all is good, nothing shady going on. Also, my loan coordinator genuinely is a good guy and he has been very supportive.


Lexus Streich

Apr 6, 2021 2:31 AM

I get it. All I’m saying is be on the watch! I did not have a good experience! I hope you don’t face what I had too!


Ulices Bashirian

Mar 31, 2021 10:33 AM

You should not put too much trust in these people. You should have some knowledge yourself. Or at least get a financial advisor who could tell you the intricacies and complexities involved in such deals. I was where you are today and knew nothing and trusted these people but turns out, no matter how nice and knowledgeable they are, I should not have depended on them blindly. The failed to mention the documentation, which just took 1 day, had a fee as well. If it weren’t for my friend who works in a bank, they would have robbed me with their sugary talk!


Eugene Schmitt PhD

May 1, 2021 12:26 AM

Working with my loan manager had been a joy. She answered every query and was very helpful in making me understand how the business loan works and what repayment choices do I have. The daily repayment option worked for me. Although the rate was a bit high at 1.30 but I am confident I will be able to pay off the entire business loan within the said term. The revenue projections for my business seem promising too. Fingers crossed for the future!


Kendall Jones

Aug 3, 2021 11:20 AM

Getting a merchant cash advance from Alfa was pretty easy and straightforward! My new retail business did not have to face any difficulty getting a business loan from these guys. Many banks and lenders do not accommodate new businesses but Alfa Advance did. They only require companies applying for a loan to be in business for at least 3 months. Luckily my company has been running for 5 months. The rest of the process was simple and smooth too. It only took two days for the application process. I received the financing in 48 hours! Depending on the nature of my business, I agreed to weekly repayments and so far it’s been working well for the business. Thank you Alfa!