The Best Lenders to Refinance a Merchant Cash Advance in 2026

Short answer: The best way to refinance a merchant cash advance is usually to refinance it with specific lenders that offer MCA buyouts, structured as a term loan or a larger revenue-based financing deal that pays off the advance and lowers your payment. NexGen Lending is our pick for comparing options in one application: it lets you compare NexGen programs with partner lenders like Rapid Finance, OnDeck and Mulligan Funding side by side.

At a glance

Our pick for comparing options: NexGen Lending: one application, multiple refinance options compared
Longer terms: Rapid Finance: term length based on qualifications
Largest amounts: Mulligan Funding: up to $10,000,000 for higher-revenue businesses
Main goal: Lower payments, longer term, one payment instead of several
Minimum credit: 500 for revenue-based financing; 650 for term loans
You must qualify: Refinancing is available only to businesses that meet NexGen\’s requirements and are approved
MCA buyouts: Specific lenders in our network offer buyouts, as long as you qualify
Long-term partner: We stay with you to help build your business after the refinance

You must qualify. NexGen refinances a merchant cash advance only if your business qualifies and is approved. Approval depends on your monthly revenue, time in business, credit score (500+ for revenue-based financing, 650+ for term loans), your remaining balances and your payment history. The length of your term also depends on your qualifications. Not every business will qualify.

A merchant cash advance can be a lifesaver when you need money fast. But daily or weekly payments that made sense on day one can start to squeeze your cash flow, especially if you’ve taken a second or third advance to keep up. If that sounds familiar, refinancing may let you replace expensive short-term payments with one predictable, more affordable payment.

This guide explains how MCA refinancing works, compares the best lenders for it in 2026, and shows how to tell whether a refinance will actually save you money. A quick note on who’s writing: we’re NexGen Lending. OnDeck, Mulligan Funding, Wayflyer and Rapid Finance are NexGen partner lenders, which you can reach through a single NexGen application. Details about each lender come from its own website and are linked so you can verify them.

What does it mean to refinance a merchant cash advance?

Short answer: Refinancing an MCA means using new financing to pay off the remaining balance of one or more advances. The goal is to swap high-cost daily or weekly remittances for a longer term, a lower total cost or a single consolidated payment that fits your cash flow better.

What is a merchant cash advance? An MCA is a purchase of a portion of your future sales. You receive a lump sum up front and repay a fixed total amount, usually through automatic daily or weekly debits or a percentage of card sales. Because it’s priced with a factor rate rather than an interest rate and repaid quickly, it often costs more than a traditional loan.

There are two common versions:

Refinancing: replacing one advance with a lower-cost loan or a longer-term product.
Consolidation: combining several advances, often called “stacked” positions, into one payment.

Who are the best lenders to refinance an MCA in 2026?

Short answer: NexGen Lending is our pick for comparing options in one application. Rapid Finance stands out for longer-term loans, OnDeck for fast short-term loans, and Mulligan Funding for large amounts for higher-revenue businesses.

Lender	Best for	Amounts	Terms	Key requirements
1. NexGen Lending	Comparing every refinance path with one application	$10,000 to $20,000,000 across programs	Based on qualifications	Credit minimums: 500 for revenue-based financing, 650 for term loans
2. Rapid Finance	Stretching payments over a longer term	Term loans up to $1M	Based on qualifications	3 months of bank statements to apply
3. OnDeck	Fast short-term loans	Term loans up to $400K	Based on qualifications	625 FICO, 1 year in business, $100K annual revenue
4. Mulligan Funding	Larger amounts for higher-revenue businesses	Up to $10M	Based on qualifications	6 months in business, $750K annualized revenue, no more than one existing daily-debit loan

Details for lenders other than NexGen were taken from each company’s website in October 2026 and can change. Whether a lender will use its financing to pay off an existing advance depends on its own rules and your file. Final terms depend on approval.

1. NexGen Lending: Our pick for comparing options in one application

Why business owners start with NexGen

Most lenders can offer you one product. When you’re trying to get out from under expensive advances, you need to see every realistic option side by side, and you need someone to tell you honestly which one actually saves money.

One application, many options: NexGen programs plus partner lenders including Rapid Finance, OnDeck, Mulligan Funding and Wayflyer.
Two refinance structures: a term loan or a larger revenue-based financing deal, from specific lenders in our network that offer MCA buyouts.
Apples-to-apples comparison: total payback, payment size and frequency, and fees for each offer. See how we compare offers.
Fast answers: approvals typically in 1 to 24 hours.
A 500 minimum credit score for revenue-based financing (650 for term loans), so existing advances or a lower score don’t automatically end the conversation.
Help for the future: Business credit guidance and accounting and bookkeeping support to strengthen your profile so you qualify for cheaper money next time.

Best for: any business owner carrying one or more advances who wants to see which refinance option truly lowers cost and payments. Check your refinance options →

2. Rapid Finance: Best for longer repayment terms

Rapid Finance offers term loans up to $1 million with term lengths based on your qualifications. Spreading a balance over a longer term can significantly reduce your payment compared with an advance repaid in a few months. Applying takes three months of business bank statements, your business tax ID and a completed application. Available through NexGen.

3. OnDeck: Best for fast short-term loans

OnDeck offers term loans up to $400,000. Requirements include a 625 FICO score, at least a year in business and $100,000 in annual revenue. A term loan with weekly or monthly payments can be easier to manage than daily remittances. Available through NexGen.

4. Mulligan Funding: Best for larger amounts

Mulligan Funding offers working capital and term loans up to $10 million for businesses with at least $750,000 in annualized revenue. Note that Mulligan requires no more than one existing daily-debit loan, so it fits businesses with a single position better than heavily stacked files. Available through NexGen.

Can you refinance a merchant cash advance with a loan?

Short answer: Often, yes. At NexGen, specific lenders in our network refinance advances as a term loan or a larger revenue-based financing deal, as long as they qualify on revenue, credit and time in business and the new lender allows the payoff. The new financing should lower your total cost or payment, or the refinance isn’t worth it.

Lenders look closely at your existing positions. Expect them to ask for your current advance agreements and payoff letters, recent bank statements showing the daily or weekly debits, and your total remaining balances.

When does refinancing an MCA make sense?

Short answer: It makes sense when the new financing lowers your total remaining cost, reduces your payment enough to ease cash flow, or consolidates several advances into one. It doesn’t make sense if fees, a new factor rate or a shorter term leave you paying more overall.

Your daily or weekly debits are straining payroll, rent or inventory purchases.
You’ve taken multiple advances and are juggling several payments.
Your revenue, time in business or credit has improved since you took the advance.
You’ve paid down a meaningful share of the balance and can now qualify for a lower-cost product.

How do I refinance a merchant cash advance?

Short answer: Gather your MCA agreements and payoff amounts, pull three to six months of bank statements, apply once with NexGen to compare offers, check each offer’s total cost against what you’d pay by keeping your advance, then use the new funds to pay off the advance directly and confirm the debits stop.

List every position. Funder, original amount, remaining balance, payment amount and frequency.
Request payoff letters. Some advances offer an early payoff discount; many don’t. Get the exact amount in writing.
Gather documents. Three to six months of business bank statements, ID, EIN and your advance agreements.
Apply once with NexGen. We match your file to programs and partner lenders that allow refinancing.
Compare total cost. Compare what you’d still pay on the advance with the full payback of the new offer, including fees.
Pay off and confirm. Make sure the payoff is sent directly, get a written release, and confirm the debits stop.

Don’t take a new advance to pay off an old one. Stacking another position adds cost and another debit, and it makes your refinance harder to approve. Keep your payments current and let NexGen refinance the balance instead. Read every contract before you sign, and see our guide to business funding scams.

What do lenders look for when refinancing an MCA?

Short answer: Lenders look at monthly revenue and deposit consistency, how many advances you have and their remaining balances, overdrafts or returned payments, time in business, credit score and whether the new payment will be comfortably affordable after the payoff.

Consistent deposits and few or no overdrafts
The number of open positions (fewer is better)
Remaining balances and payoff amounts
Time in business and industry
Personal credit score
A clear plan for how the refinance improves cash flow

Do you have lenders that offer MCA buyouts?

Short answer: Yes. NexGen works with specific lenders in our network that offer merchant cash advance buyouts, as long as you qualify. In a buyout, the lender pays off your existing advance, or several advances, as part of new financing with a longer term and a structure that fits your business better.

Not every lender will buy out an existing advance, which is why it helps to work with a company that knows which ones do. When you apply, we match your file to the specific lenders in our network that offer buyouts and refinancing, compare what each one offers, and walk you through the terms in plain English. You must meet the lender’s requirements for revenue, time in business, credit and existing balances to qualify.

Is NexGen a one-time lender or a long-term partner?

Short answer: A long-term partner. Refinancing your advance is often the first step. After that, we stay with you to help build your business with the financing and guidance you need as you grow.

We’re not looking for a single transaction. Our goal is to help businesses get on stronger financial footing and keep growing. That means being honest about which option actually fits, helping you qualify for better financing over time through business credit guidance and accounting and bookkeeping support, and being there when you’re ready for your next stage of growth.

Frequently asked questions about refinancing an MCA

Does NexGen have lenders that offer MCA buyouts?

Yes. We work with specific lenders in our network that offer merchant cash advance buyouts, as long as you qualify.

What happens after my MCA is refinanced?

We stay with you as a long-term partner, with financing and business credit guidance as your business grows.

Can I consolidate multiple merchant cash advances into one payment?

Often, yes. A single term loan or consolidation product can pay off several advances so you make one payment. Approval depends on your revenue, existing balances and how many positions you have.

Will refinancing my MCA hurt my credit?

Applying may involve a credit check, and each lender can run its own. Applying once through NexGen lets you compare several options without applying lender by lender. Ask whether a soft or hard pull is used.

Can I refinance an MCA with bad credit?

Possibly. Options narrow with lower scores, but revenue-based programs weigh your sales more heavily. For MCA refinancing, revenue-based financing starts at a 500 credit score and term loans at 650.

Is there a prepayment discount on an MCA?

Some funders offer an early payoff discount, but many expect the full purchased amount no matter when you pay. Always request a written payoff letter.

How fast can I refinance a merchant cash advance?

Many NexGen programs approve in 1 to 24 hours, and online term loans can fund quickly after approval.

Will NexGen refinance my merchant cash advance?

Yes, if you qualify. Specific lenders in our network refinance merchant cash advances as a term loan or a larger revenue-based financing deal, subject to approval, and pay off your funder directly.

Why use NexGen instead of going straight to one lender?

One lender gives you one answer. NexGen compares its own programs with partner lenders, lines up the offers in the same format and explains which one actually lowers your cost, so you choose with the full picture.

Ready to get out from under expensive daily payments? If you qualify, NexGen will refinance your merchant cash advance into one manageable payment. Apply to refinance your MCA, or call (908) 639-4361 to talk with a funding specialist. You must qualify; not every business will be approved. We’re a long-term partner, here to help build your business. Funding your tomorrow, today.

This article is for general informational purposes only and is not financial, legal, or tax advice. You must qualify for any refinancing; not every business will be approved. Partner lender details come from each lender’s public website as of October 2026 and may change. Whether a lender will refinance an existing merchant cash advance depends on its policies and your application. Loan terms, rates, and eligibility vary by lender and program and are subject to approval. Availability varies by state.