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Here you’ll find answers to all your questions about My Merchant Loans, including who we are, what we do, and more.
Getting your business loan with My Merchant Loans is free, and we want to make the process as hassle-free and easy as possible for you. You will not be surprised by hidden fees or surprises when you fill out a loan request on our site.

Your full name, email address, and zip code are required to request funding. You will also be asked a few questions about the business, as well as its monthly revenue.

The eligibility requirements for lenders in our network vary, but most lenders require applicants to meet these simple requirements.

Through My Merchant Loan, you can receive funding up to $500,000 for your business. Approval for this amount is not guaranteed. Your loan offer may not match the amount you requested. There are a number of factors that can affect loan offers, such as the lender and state of residence.

Everyone deserves a chance to succeed. My Merchant Loans believes that each person and business has unique needs, so there is no one-size-fits-all solution when it comes to funding.

In order to be successful, you need the right funding, and we can help. As part of our commitment to our customers’ success, we have built relationships with a wide network of third-party lenders that specialize in small business and personal loans. Using our proprietary technology and experience, we can connect customers with lenders who can provide loans up to $500,000.

Fill out our simple online loan request form. This information will be shared with third-party lenders who may offer you a loan. Once you have been connected with a lender, you will receive an offer with loan terms and conditions from that lender. After you agree to the terms (which you may decline), the money may be available for you as soon as the next business day. You are not required to accept the loan offer, but if you do, please read the lender’s terms and conditions carefully. Be sure to check the APR, fees, renewal terms, and consequences upon non-payment.

Fill out our simple online loan request form. This information will be shared with third-party lenders who may offer you a loan. Once you have been connected with a lender, you will receive an offer with loan terms and conditions from that lender. After you agree to the terms (which you may decline), the money may be available for you as soon as the next business day.

You are not required to accept the loan offer, but if you do, please read the lender’s terms and conditions carefully. Be sure to check the APR, fees, renewal terms, and consequences upon non-payment.

My Merchant Loans is not a lender and does not make credit decisions. We act as a loan connecting service. Our service connects consumers seeking financial assistance with independent, third-party lenders who may be able to provide loans.

Each lender has their own terms and conditions, including those concerning repayment. You should contact your lender for information about the date and time for repayment as specified in your loan agreement.

My Merchant Loans is committed to protecting your personal information, which is why we take a number of precautions to keep your data safe. We use industry-standard procedures and safeguards, including encryption, to protect your personal information.

For more information please see My Merchant Loans’ Privacy Policy.

If approved, your funds will typically be deposited into your bank account as soon as the business day after your application has been approved and processed.

Keep in mind that each banking institution has its own policies regarding the release of ACH (Automated Clearing House) credits. When you expect to receive funds on a certain day but do not see the funds in your account, contact your bank’s ACH department as well as your lender to find out what caused the delay.

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Important Disclosure. Please Read Carefully.
MyMerchantLoans is not a lender and does not make credit decisions. MyMerchantLoans.com connects interested persons with a lender from its network of approved lenders. MyMerchantLoans.com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. The time to receive loan proceeds varies among lenders, and in some circumstances faxing of application materials and other documents may be required. Submitting your information online does not guarantee that you will be approved for a loan. You may exit the process at any step as you are under no obligation to accept the loan presented. For details on your loan please contact your lender directly. This service is not available in all states. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use the service to request a loan. By using this website or services, you represent and warrant that you are at least 18 years old, that you are a resident of the United States, and that you are not a resident of any state where the loan you are applying for is illegal. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. MyMerchantLoans.com does not pull your credit or look at your creditworthiness, but responsible lenders will. By submitting your information to MyMerchantLoans.com, you are giving lenders in MyMerchantLoans.com’s network permission to verify your social security number, driver license number or other identification, and to review your creditworthiness by pulling your credit history from major credit bureaus as well as from alternative credit bureaus such as Teletrack or DP Bureau. MyMerchantLoans.com receives compensation from its lenders based on advertising services. MyMerchantLoans.com is a free service and will never charge a fee to be connected to a lender.
Representative Example
If you borrow $5,000 and the loan had an 8% origination fee ($400), on a 48 month repayment term at a 19.25% APR, the monthly repayment will be $134.16. Total repayment will be $6,439.50. Total interest paid will be $1,039.50.
Important Information
MyMerchantLoans.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs depend on multiple factors, including the lender’s requirements and offers, your credit worthiness, your state of residence, and the type and term of the loan you request. You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process. The lenders and lending partners we work with offer 61-day to 84-month loan terms with an APR range of 5.99% to 35.99% depending on how the APR is calculated, the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. Some states cap APR and the amounts of charges for an online personal loan. Loan terms may range from 2 weeks to 84 months depending on your loan and the lender you are connected with.
Implications of Late and Non Payment
Your lender may charge you late fees as well as fees for non-sufficient funds. Please review your loan agreement carefully for information about the financial implications of non-payment before you provide your electronic signature. Non-payment may involve debt collection practices as it is set by applicable law. Your lender may set late payment fees in accordance with state regulations. Lenders are within their rights to report your failure to repay a loan to one or all of the major credit reporting agencies — Experian, Equifax. After the lenders receive payment in full, they can report it to the credit reporting agencies. We remind that late payment or non-payment of your loan can have negative impact on your credit history. Some of the lenders in our network may automatically renew your short term loan if it becomes past due. This term is clearly identified in your loan agreement. You should check your loan agreement for your lender’s policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installment. You are encouraged to contact your lender as soon as possible if you are unable to repay your loan on the scheduled repayment date or make regular installment payment on time. For more information about your lender’s specific procedures as they apply to late payments, please review your loan agreement or contact your lender directly. Origination, documentation and other additional fees may apply to your online personal loan deal. Late payment, non-payment fees and other penalties may apply to both short term and online personal loan deals in case of missed payments. Please review your loan agreement carefully for information about the financial implications before you provide your electronic signature.