Avanza Capital (Avanza Group LLC / Avanza Capital LLC) is a Staten Island-based alternative lending platform founded in 2017 by CEO Frank Scarso. Its core business is MCA origination — the company publicly describes its strategy as "do one single thing and do it well" with a focus on merchant cash advances — supplemented by broker placement into short-term loans, long-term loans, and equipment financing through its lending partner network. The company operates four physical office locations and positions itself as a human-approach underwriter willing to look at the "whole of the file" for businesses that traditional banks have rejected. Loan amounts range from $5,000 to $250,000. Approvals in hours. Funding in 72 hours. Works with businesses with 6+ months in history and all credit types provided revenue is consistent. Third-party review profile is limited — BLIQ rates this lender 3.8/5 pending greater public review data and transparency around rates and fees.
Avanza Capital (Avanza Group LLC / Avanza Capital LLC) is a Staten Island-based alternative lending platform founded in 2017 by CEO Frank Scarso. Its core business is MCA origination — the company publicly describes its strategy as "do one single thing and do it well" with a focus on merchant cash advances — supplemented by broker placement into short-term loans, long-term loans, and equipment financing through its lending partner network. The company operates four physical office locations and positions itself as a human-approach underwriter willing to look at the "whole of the file" for businesses that traditional banks have rejected. Loan amounts range from $5,000 to $250,000. Approvals in hours. Funding in 72 hours. Works with businesses with 6+ months in history and all credit types provided revenue is consistent. Third-party review profile is limited — BLIQ rates this lender 3.8/5 pending greater public review data and transparency around rates and fees.
Physical offices, human underwriting, and a focus on the full financial picture set Avanza apart from purely digital MCA providers.
Avanza is best suited to established businesses in the NY metro area needing fast, accessible capital reviewed by humans, not algorithms.
Cover payroll, rent, and daily operational costs with fast MCA or short-term loan capital.
Bridge the timing gap between when revenue is expected and when bills are due — particularly for businesses with irregular receipt cycles.
Fund machinery, tools, or technology through Avanza’s equipment financing referral network.
Stock up for a busy season or supplier opportunity with targeted short-term capital.
Cover unexpected repairs or operational costs fast when bank financing isn’t available.
Access funding for businesses that traditional banks have rejected due to credit score or documentation requirements.
Avanza’s primary product is the MCA, with broker placements for short-term, long-term, and equipment financing through its partner network.
MCA is Avanza’s primary product. Revenue advance repaid via daily, weekly, or monthly holdbacks. Factor rates not disclosed publicly — must apply to see offer. Terms aligned with business revenue patterns.
Structured short-term loan for businesses with 2+ years of history and good credit. Fixed payments daily, weekly, or monthly. “Low rates” advertised but not published. Ideal for small, specific expenses.
For businesses with established credit and history. Longer repayment periods and lower stated rates than short-term product. Requires stronger financial profile.
Equipment financing placed through Avanza’s lending partner network. Terms and rates set by the partner lender. Contact Avanza directly for current partner availability.
Submit the online application with basic business info and revenue details. Must bank with a major US institution (Chase, Wells Fargo, BofA, Citi, etc.) — online-only banks excluded.
Avanza runs a court and background check alongside revenue verification and account activity review. Both card sales and bank deposit streams are evaluated. Human review of the full file.
Avanza presents your offer with advance amount, factor rate, total repayment, and payment schedule. Terms discussed with a team member.
Accept your offer and funds are wired to your business bank account within 72 hours. MCA holdbacks begin on the agreed schedule.
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Fora Financial
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OnDeck
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| Eligibility | ||||||
| Loan Amount | $5K – $2M | $10K – $5M | $5K – $1.5M | $5K – $400K | $5K – $600K | $10K – $5M |
| Time in Business | 6+ Months | 9+ Months | 6+ Months | 12+ Months | 6+ Months | 12+ Months |
| Monthly Revenue | $10K+ | $30K+ | $12K+ | $8,333+ | $15K+ | $21K+ |
| Min. Credit Score | 550+ | None | 500 | 625+ | 500+ | 600+ |
| Loan Details | ||||||
| Funding Speed | 24 Hours | Same Day | 72 Hours | Same Day | 24 Hours | 24–48 Hours |
| Approval | Same Day | Within 3 Hours | — | — | 4 Hours | — |
| Rating | ||||||
| Rating | ||||||
| BBB Rating | N/A | A- | A+ | A+ | A+ | N/A |
| Apply Now | Apply | Apply | Apply | Apply | Apply | |
Avanza Capital (Avanza Group LLC / Avanza Capital LLC) is primarily an MCA direct funder. For short-term loans, long-term loans, and equipment financing, Avanza acts as a broker connecting borrowers to its lending partner network. Founded in 2017, headquartered in Staten Island, New York, with four physical office locations.
Avanza accepts all credit types, with income and revenue consistency being the primary underwriting factor. However, applicants must bank with a major US institution — Chase, Wells Fargo, Bank of America, Citi, or equivalent. Online-only banking platforms (Chime, PayPal, CashApp) are excluded.
Avanza does not publish its MCA factor rates or loan interest rates online. Rates are provided after reviewing your application and financial information. For short-term loans, the website states “low rates.” Always request the full total repayment figure and effective APR equivalent before signing any agreement.
Approvals arrive within hours. Funding is completed within 72 hours of accepting an offer. MCA holdbacks begin on the agreed schedule after funding.
Avanza requires a business bank account with a well-established US bank — Chase, Wells Fargo, Bank of America, Citibank, or similar major institution. Online-only banking platforms like PayPal, Chime, or CashApp are explicitly not accepted.
Yes. Avanza Capital has operated since 2017, maintains four physical office locations in New York, and is run under a strict legal framework with attorney oversight. The company has been featured in Morningstar-covered press releases and has an established track record in the MCA market. BLIQ notes that the public review footprint is smaller than national lenders, which is typical for regional MCA specialists. Verify all terms carefully before signing.
Avanza Capital is a legitimate regional MCA specialist with four physical office locations, a human-approach underwriting philosophy, and a 72-hour funding commitment. For businesses in the New York metro area or those who want a local-feeling lender with a team that reviews the full file rather than running purely algorithmic decisions, Avanza offers a genuine alternative to national online-only funders.
Rate transparency is limited — Avanza does not publish factor rates or loan pricing online, and detailed public reviews are fewer than larger national providers. Always request the full total repayment figure before signing. For businesses needing capital above $250K or businesses banking with online-only platforms, other lenders are a better fit. For established small businesses in the $5K–$250K range who want human underwriting and fast local-feeling service, Avanza is worth a direct conversation.
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