Knight Capital Funding Review
Knight Capital Funding provides small businesses with merchant cash advances. Find out if your small business needs and can afford an MCA.
Knight Capital Funding

Total Rating | 3.5 |
---|---|
Terms & Fees | Fair |
Application Process | Good |
Sales & Advertising Transparency | Good |
Customer Service | Good |
User Reviews | Excellent |
Knight Capital Funding At A Glance
- Knight Capital Funding is an old-school alternative funder that exclusively offers merchant cash advances
- Knight Capital Funding should be accessible to most businesses, but rates may be very high for some customers
- The company has demonstrated decent longevity after nearly a decade in business
Pros
- No credit score requirements
- No prepayment penalties
- Applicants can quickly prequalify
- The application process is fast and easy
- Funds are disbursed quickly
Cons
- Rates can be expensive
- Some additional fees charged
- No long-term financing options are available
Table of Contents
What Is Knight Capital Funding?
Knight Capital Funding provides merchant cash advances (MCA) to small businesses. Unlike traditional loans, where you make monthly payments toward your principal plus interest, you’ll pay Knight a percentage of your sales revenue every business day until you’ve paid off the total amount owed.
Knight is a fairly typical MCA, although it is more transparent than most. However, it has mixed reviews, so continue reading our full review before proceeding with Knight’s services.
Services Offered
Knight offers the following types of business funding:
- Merchant Cash Advances: Once approved for a merchant cash advance, your funder will purchase a percentage of your future credit/debit card sales. Funds will be deducted from your card-based sales each business day until the funder has collected the amount it’s purchased.
Borrower Qualifications
Because it offers MCAs, Knight Capital Funding is more interested in your monthly revenue than your credit rating. However, it will use your credit rating to help determine your factor rate.
To qualify for funding from Knight, you must meet these prerequisites:
Time In Business | 6 months |
Credit Score | N/A |
Revenue | $10,000 per month |
Knight also looks for indications that your business has growth potential.
Terms & Fees
Here’s a snapshot of what Knight Capital Funding’s merchant cash advances:
Borrowing Amount | $5,000-$250,000 |
Term Length | 60-260 days |
Fixed Fee | x1.19-x1.40 |
Origination Fee | 0%-2.5% |
Effective APR | Learn more |
Collateral | Unknown |
As is typical for merchant cash advances, Knight Capital Funding uses a factor rate (or fixed fee), which it then multiplies by the amount you owe. So you can expect to pay between $1.19 and $1.40 for every dollar you receive, plus the origination fee. Factor rates are calculated using a variety of determinants, though these often include your credit rating and projected term length.
After receiving your advance, Knight Capital Funding will collect an agreed-upon percentage of your daily credit card sales each business day until the agreed-upon amount is recovered.
The advance is paid off when it’s paid off, so in this sense, the term lengths in the table above are less about hard and fast repayment dates and more about estimating the percentage that will be held back. Knight refers to this as a “turn length” rather than a “term length.” A “turn” is equivalent to a business day on which a payment is withdrawn. Payments are withdrawn Monday through Friday, excluding holidays.
Application Process
Online funders such as Knight Capital Funding make it easy to get the ball rolling. You can apply online with a simple form that will help Knight determine right away whether you qualify. You’ll be asked basic questions about yourself and your business, including names and revenue.
If you submit the application, you’ll be contacted by an agent who will confirm your information and likely ask for some evidence that your revenue is what you say it is. That usually means providing several months’ worth of bank statements.
Funding decisions are typically made within 72 hours.
Sales & Advertising Transparency
Knight Capital Funding provides some basic information about qualifications and products. These don’t sit front and center on Knight’s website, but they’re not hard to find either. Just don’t expect much information about rates.
Customer Service & Technical Support
Knight Capital Funding Support | Availability |
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Phone Support | |
Email Support | |
Support Tickets | |
Live Chat | |
Dedicated Support Representative | |
Knowledge Base or Help Center | |
Videos & Tutorials | |
Company Blog | |
Social Media |
Knight’s staff was helpful and pleasant in my interactions with them. You can reach Knight by phone, submitting an application, or connecting with it on Facebook, Twitter, LinkedIn, or YouTube.
User Reviews
Knight Capital Funding is accredited by the Better Business Bureau and currently has an A+ rating, indicating it’s gotten better at responding to customer complaints. Three complaints have been closed in the last three years.
Google reviews are largely positive, and the funder ranks 4.4 out of 5 stars, with 431 reviews.
There are only two reviews on Trustpilot — one extremely negative and one extremely positive. Make of that what you will.
Negative Reviews & Complaints
Criticisms include:
- Cost: MCAs are an expensive way to fund your business, and Knight Capital Funding is no exception.
- Daily Payments: The percentage-based payment system means you won’t have to worry about being able to make daily payments to Knight, but it can be difficult to meet your other costs if you aren’t prepared. A customer also had some trouble getting withdrawals stopped during the COVID-19 crisis.
- Unusual Requests: At least two reviewers complained that Knight requested their bank account username and password as a part of the application process.
Positive Reviews & Testimonials
Points in favor of Knight include:
- Easy Qualifications: As long as your business makes the profits Knight is looking for, you can probably get funding.
- Fairly Transparent: Knight doesn’t completely obscure the details about what it’s offering, which, in this business, is all too rare.
- Customer Service: I found Knight’s staff to be responsive, friendly, and helpful.
Final Verdict
Like most funders that offer MCAs, Knight Capital Funding targets a particular niche: businesses with poor credit that need cash quickly. Knight’s rates aren’t terrible as far as MCAs go, but you’ll still want to exercise caution and make sure you’ve exhausted cheaper options before signing on the dotted line.
Not sold on this funder? Check out our other merchant cash advance reviews and make some comparisons.
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Organization Name: Evergreen Gene's Inc.
The process was smooth except for a few glitches/ I o have just ben funded less than 7 days ago so I have little else to say at this time.
This comment refers to an earlier version of this review and may be outdated.
Organization Name: aqua natural lawn & tree services LLc
good customer service, answering all my question
This comment refers to an earlier version of this review and may be outdated.