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The Smarter Merchant vs Accord Business Funding
Built live from what each lender publishes. Nothing here is estimated — where a lender publishes nothing, the cell says so.
| Attribute | The Smarter Merchant | Accord Business Funding |
|---|---|---|
| On the record |
|
|
| Lender type | Direct funder | Direct funder |
| Products offered | MCA | MCA |
| Published amounts | $5K – $500K | $5K – $150K |
| Pricing basis | Not disclosed | Not disclosed |
| Published rate | Not disclosed | Not disclosed |
| Disclosed fees | "Pre-Pay Discounts" are offered. No origination, admin or underwriting fee published. | No factor rate, buy rate, origination fee, PSF or underwriting fee published on the public site. The partner page publishes only ISO compensation: "Up to 15% commission", "Up to 4% monthly volume bonus", "100% commission on renewals", "Next day commission payments". |
| Repayment frequency | Variable with revenue | Not disclosed |
| Term length | Not disclosed | Not disclosed |
| Minimum credit score | Not disclosed | Not disclosed |
| Minimum time in business | Not disclosed | Not disclosed |
| Minimum monthly revenue | Not disclosed | Not disclosed |
| Collateral required | No | Not disclosed |
| Personal guarantee | Not disclosed | Not disclosed |
| States excluded | Not disclosed | Not disclosed |
| Industries excluded | Not disclosed | Not disclosed |
| Speed to fund | Same-day approvals and same-day funding available | Decisions within 2–3 hours |
| Speed conditions | "Same Day Decisions Available" - stated as available, not guaranteed. Requires a 1-page application and 3 months of bank statements. | This is a decision/approval time, not a funding time — the site publishes no time-to-fund. Contracts are executed via DocuSign. |
| Headquarters | New York City, NY | Houston, TX |
| Established | 2013 | 2013 |
| Next step | Enquire Review | Enquire Review |
Rates on this page are not directly comparable unless the pricing basis matches. A factor rate of 1.30 and an APR of 30% are different measures of different things — a factor rate is a multiple of the amount advanced with no time dimension, an APR is annualised. Read the pricing basis row before comparing the rate row.