Uplyft Capital Review 2020


Uplyft Capital is a merchant cash advance provider that offers advances in four tiers. These tiers will determine loan amounts and factor rates, and which tier you fall in will depend on your business financials and personal credit. Although their merchant cash advances are as expensive as the industry standard, Uplyft Capital has above-average customer satisfaction and transparency.

If your business is unable to qualify for a traditional business loan, a merchant cash advance (MCA) can be an easy solution to your cash flow problems. But keep in mind, this type of financing is typically very expensive.

Uplyft Capital Merchant Cash Advance Details

  • Easier to qualify for
  • Fast funding
  • Transparent pricing
  • Prepayment discounts
  • Very expensive
  • Daily or weekly repayments
  • Could impede cash flow
  • Loan Amount

    $3,000 - $150,000

  • Loan Term

    2 - 12 months

  • Interest Rate

    1.12 - 1.4 factor rate

Qualifications for Uplyft Capital

  • Revenue

    $12,000 average monthly deposit

  • Time in Business

    6 months

  • Credit Score


Uplyft Capital Borrower Eligibility

Many business owners turn to merchant cash advances when they’re unable to qualify for more traditional business funding options, such as term loans, lines of credit, or even equipment of invoice financing. This is because merchant cash advances are relatively easy to qualify for: they don’t require good credit or a lengthy business history. However, MCA providers do want to see healthy credit and debit card sales to ensure you can pay back the advance.

Uplyft Capital looks for an average of at least five unique deposits every month. You’ll also need to represent at least 50% ownership in your application for Uplyft Capital funding.

What You Need to Apply

The Uplyft Capital application is a bit more thorough than other alternative funding providers. You’ll need to provide them with the following information from the get-go:

  • Business name
  • Doing business as (DBA)
  • Business address
  • Business phone number
  • Email
  • Ownership percentage
  • Federal tax ID number
  • Industry
  • Cell phone number
  • Business start date
  • Desired loan amount
  • Annual revenue
  • Whether or not you currently have an open cash advance

How to Get a Loan With Uplyft Capital

The application process with Uplyft Capital is fast and simple. Here’s a closer look at what to expect during the underwriting and post-funding processes.

Application and Underwriting Process

To get the ball rolling with Uplyft Capital, you’ll need to fill out their online application.

While they require a lot more information than you’d typically need to provide a merchant cash advance company with upfront, this suggests a more rigorous underwriting process on Uplyft Capital’s part.

That said, according to Uplyft Capital, this funding provider boasts a 90% approval ratio. Plus, they can make a credit decision within the same day of receiving your application for funding. And if you accept the offer they come up with, they can fund your application in as little as 24 hours.

Over half of Uplyft Capital’s funded customers are retail businesses. And over one-quarter are restaurants.

Post-Funding Process

Once you fund with Uplyft Capital, they will provide you with free account setup. You’ll be able to choose your repayment structure according to what will be most convenient for your business—Uplyft Capital offers options for traditional MCA repayments of a daily percentage of your credit card revenues, or you can set up daily or weekly ACH debits.

As you repay your advance, you’ll be able to take advantage of their user-friendly interface. Their client portal will provide you with an online profile to check in on your repayment progress and chat with an Uplyft Capital rep.

According to the Uplyft Capital site, this merchant cash advance provider will also offer early prepayment discounts, though they don’t provide details on what they deem an early prepayment or what the discount would be.

Finally, you’ll have renewal options for your Uplyft Capital advance once you’ve paid down 50% of your initial funding.


It’s worth repeating that merchant cash advances are some of the most expensive funding products on the market. Even though Uplyft Capital is at least upfront with their fee structure, a factor rate as high as 1.4 is still not ideal for any business owner.

If you’re able to qualify for funding that’s more affordable than a merchant cash advance—even one from Uplyft Capital—then you should go with that option. Uplyft Capital’s most affordable advance tier requires two years in business and a 620+ FICO score—if you’re able to qualify for this, then you’ll likely be able to qualify for a more affordable short-term loan or business line of credit, which will be a more affordable solution.

And even if you’re not able to qualify for anything other than a merchant cash advance, then you should seriously consider taking time to improve your credentials before taking on funding. Think about taking some time to improve your personal credit—even just staying in business for a few more months will make your odds of qualifying for more affordable funding that much better.

Uplyft Capital Customer Service

Uplyft Capital is located in Sunny Isles Beach, Florida, and can be reached by phone, fax, email, or by submitting a form directly on their website. They offer both sales and support emails to help with your funding or service needs.

Uplyft Capital Customer Reviews

Uplyft Capital reviews from customers are remarkably flattering—especially for a merchant cash advance provider. As a whole, merchant cash advance providers tend to have pretty unhappy customers because their products are very expensive. So it speaks to Uplyft Capital’s dedication to customer service and transparency that they have such glowing reviews.

Positive reviews highlight the speed with which customers received their funding, as well as helpful and easily reached customer support. Other positives include straightforward terms and no hidden fees.

On the flip side, most negative reviews speak more to the disadvantages of merchant cash advances in general, not necessarily Uplyft Capital. Dissatisfied reviewers speak to the high fees and incredibly high daily repayment totals. However, this is the nature of all merchant cash advances, which is why you should consider all other funding options before you decide what’s best for your business.

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Products Offered

Term loans; merchant cash advances

Products Offered

Term loans; merchant cash advances

Products Offered

Term loans; merchant cash advances; equipment financing

Interest rates

1.1 to 1.3 factor rate

Interest rates

1.15 to 1.48 factor rate

Interest rates


Minimum credit score required


Minimum credit score required

No minimum

Minimum credit score required

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Frequently Asked Questions

Is Uplyft Capital in Fundera's Network?

Uplyft Capital is not in Fundera’s Lender Network. The Fundera team carefully vets all of the lenders in our network, and have determined that Uplyft Capital either doesn’t have the technology to work with Fundera or does not offer a financing product that competes with the other lenders in its product class. We suggest considering another lender in this product class.

See if you qualify for similar products in Fundera’s Lender Network.

Editor at Fundera

Christine Aebischer

Christine Aebischer is an editor at Fundera.

Prior to Fundera, Christine was an editor at the financial planning startup LearnVest and its parent company, Northwestern Mutual. There she wrote and edited on topics such as debt, budgeting, insurance, taxes, investing, and retirement. She has written for print and online on topics ranging from personal finance to luxury real estate.

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