Bitty Advance Business Loan Review
Bitty Advance business cash advances isn't available on Finder right now.
- Min. Amount
- $2,000
- Max. Amount
- $35,000
- APR
- Not applicable
Our verdict
Same-day funding, few requirements and early repayment discounts set this provider apart.
Bitty Advance offers fast funding and works with newer businesses and low credit scores, but it comes at a high cost. There’s no public online application, so you need to speak with a rep to apply. Frequent daily or weekly repayments can strain cash flow, but early payoff discounts help lower the cost if you can repay quickly.
Best for: Small businesses that need fast cash and don’t qualify for traditional loans.
Pros
-
Easy to qualify
-
Quick turnaround
-
Works with all industries and credit types
Cons
-
High cost with frequent repayments
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Monthly service fee
-
Extremely limited website
Is Bitty Advance legit?
Yes, Bitty Advance is a legitimate business. It was founded in 2018 and has helped thousands of small businesses access working capital through merchant cash advances. In 2024, the fintech company OppFi (known for its highly rated OppLoans) acquired a 35% stake in the company, adding some extra backing and credibility.
However, there are a few red flags to keep in mind. Bitty Advance isn’t accredited by the Better Business Bureau (BBB) and currently holds an F rating on the site. It also lacks transparency, the website doesn’t clearly explain factor rates or repayment terms and much of the business seems to be done through affiliates.
What makes Bitty Advance shine?
Bitty Advance stands out for how accessible it is, especially if you’ve struggled to qualify for funding elsewhere. You only need six months in business and $5,000 in monthly revenue to apply, and it works with credit scores as low as 500, which is lower than most lenders. Instead of focusing heavily on your credit, Bitty looks at your business revenue to make approval decisions, making it a solid option for new businesses or those with credit challenges.
Bitty Advance is also known for its quick turnaround — some businesses get funded the same day they apply. That speed is a big advantage if you’re dealing with a cash flow gap or a time-sensitive expense. And even though MCAs are an expensive form of borrowing, Bitty Advance offers steep discounts if you repay early.
Where Bitty Advance falls short
Bitty Advance can be a lifeline for businesses that don’t qualify elsewhere, but it’s also one of the more expensive ways to borrow. Like most merchant cash advances, Bitty charges a fixed fee instead of interest, which can result in a high overall cost. On top of that, there’s a $4.99 monthly service fee, and repayment is due daily or weekly, which can strain cash flow if your revenue fluctuates.
Bitty also doesn’t provide much detail on fees, factor rates or repayment terms on its website, and you can’t apply online — you need to speak with a representative to get started. That lack of upfront information makes it harder to compare offers or fully understand the costs before applying.
The company also has an F rating from the Better Business Bureau and a low star customer rating on the site. While Bitty can work in a pinch, it’s important to consider the drawbacks before committing.
Bitty Advance loan details
| Loan amount | $2,000 to $35,000 |
| Loan term | 90 to 180 days |
| Min. Credit Score | 500 |
| Turnaround | 24 to 48 hours |
| Financing fee | 1.1 to 1.65 |
| Requirements | $5,000 monthly bank revenue, 6+ months in business, business bank account, 500+ credit score |
| Availability | Available in all 50 States |
| Additional fees | $4.99 monthly service fee |
Bitty Advance contact information
| Phone number | 800-324-3863 |
| [email protected] | |
| X, formerly Twitter | @BittyAdvance |
| @ProsperwithBitty | |
| @prosperwithbitty |
How to qualify for Bitty Advance
You need to meet the following minimum requirements to qualify for a Bitty Advance merchant cash advance.
- At least $5,000 in monthly bank revenue
- Credit score of 500 or higher
- At least 6 months in business
- Business checking account
Bitty Advance is available in all 50 states and hasn’t published any industry restrictions.
How to apply
If you’re interested in applying for a merchant advance with Bitty, here’s what you need to do.
- Fill out the contact form on the Bitty Advance website. There is no application available to the public on its site.
- Wait for a representative to contact you to discuss your loan options. To apply, you need to provide information about yourself and your business.
- Allow Bitty Advance to check your credit history using a soft check that won’t harm your credit.
- Receive your offer and sign an agreement if the terms are acceptable. Funds are disbursed within 24 to 48 hours.
If you prefer to call Bitty Advance and apply over the phone, you can reach the customer service department at 800-324-3863.
How Bitty Advance compares to other lenders
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How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Bitty Advance reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | F |
| BBB customer reviews | 1.63 out of 5 stars, based on 8 customer reviews |
| Trustpilot Score | 4.6 out of 5 stars, based on 580 customer reviews |
| Customer reviews verified as of | 01 May 2025 |
Reviews on the Better Business Bureau and Trustpilot paint two completely different pictures. There are only eight reviews on the BBB website, but seven of those are one or two stars. In their reviews, a couple of customers complain about Bitty’s collection tactics, while others accuse it of being a scam. One satisfied customer on the BBB praised the company for an easy application process and fast funding.
On Trustpilot, the vast majority of comments are positive, with 85% of customers giving the company four or five stars. Most customers compliment the helpful customer service, simple application process with low requirements and how quickly the loan is disbursed. Unhappy customers complain about high factor rates, the monthly service fee and incorrect payoff amounts.
What do people on Reddit say?
Not many people responded, but those who did gave various reasons why they think it isn’t legit. Only one person supported the company, and they turned out to be an agent for one of Bitty Advance’s affiliates.
Frequently asked questions
Do you have to pay Bitty Advance back?
Yes, you have to pay Bitty Advance back. It’s a legal agreement, and failing to repay could lead to collections, added fees or damage to your business credit.
How do I get approved for Bitty Advance?
The criteria for a merchant advance through Bitty are pretty simple:
- be in business for 6+ months
- have a credit score of at least 500
- earn $5,000 minimum per month in revenue
- have a business bank account
Meeting these requirements doesn’t guarantee approval, but it makes you eligible to apply.
How do repayments with Bitty Advance work?
Repayments with Bitty Advance are pulled automatically from your business bank account, usually every day or week. The amount depends on your sales, so you’ll pay more when business is good and less when it’s slow.
How does Bitty Advance compare to a traditional loan?
Bitty Advance isn’t like a traditional loan you’d get from a bank. Instead of monthly payments, it uses daily or weekly repayments and bases approval more on your business’s cash flow than your credit score. It’s faster to get, but usually more expensive.
Who owns Bitty Advance?
Bitty Advance is primarily owned by Craig Hecker, who bought the company from Eddie Siegel and Lenny Duvdivani in 2020. He also serves as the company’s CEO. In 2024, the fintech company OppFi bought a 35% stake, giving them a big role in the business without taking over full ownership.
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