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The Smarter Merchant vs Amerifi Capital
Built live from what each lender publishes. Nothing here is estimated — where a lender publishes nothing, the cell says so.
| Attribute | The Smarter Merchant | Amerifi Capital |
|---|---|---|
| On the record |
|
|
| Lender type | Direct funder | Direct funder |
| Products offered | MCA | MCA, Working capital, Line of credit, Equipment, Invoice financing |
| Published amounts | $5K – $500K | From $25K |
| 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. | Not disclosed |
| 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 | Same day approvals; same day funding |
| Speed conditions | "Same Day Decisions Available" - stated as available, not guaranteed. Requires a 1-page application and 3 months of bank statements. | Home page: 'Same day approvals'. Services page: 'Approvals in as little as 24 hours' and 'funding in as little as 24 hours'. About page: 'many merchants receive funding within hours of submission'. |
| Headquarters | New York City, NY | Miami, FL |
| Established | 2013 | Not disclosed |
| 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.