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Compare · 2026

MCA Consolidation vs Refinancing

Both can lower your daily drain — but they work differently. Here's which fits your situation.

Short answer: Consolidation combines multiple advances into one payment, simplifying and usually lowering the total daily drain. Refinancing replaces an advance with a new, lower-cost facility — a line of credit or revenue-based funding. If you're juggling several advances, consolidate; if one expensive advance is the problem, refinance into something cheaper.

Reviewed by the Contractor Capital Advance Funding Team · Updated July 2026

How funding works, step by step

From application to funding in four steps — most contractors complete it within a day.

1

Apply in 5 minutes

Complete a short online application. It uses a soft credit pull that does not affect your score.

2

We review your deposits

Approval is based on your last 3 months of business bank statements — not tax returns or the contract.

3

Get your offer

Review your amount and terms up front, with any fees disclosed before you accept. No obligation.

4

Get funded

Sign and receive funds by ACH, often within 24 hours of approval.

Consolidation vs refinancing

How the two options compare, in plain terms.

CriteriaConsolidationRefinancing
Best whenYou have 2-3 advancesOne costly advance
ResultOne combined paymentA new, cheaper facility
LowersDaily drainOverall cost
SpeedOften 24 hoursOften 24 hours

How we help

  • We compare every option and show the lowest-cost fit
  • FICO 500+ accepted; approval on revenue
  • Funds in as little as 24 hours
  • Help refinancing or consolidating existing advances
  • Soft credit pull — no score impact
  • Honest about the real cost before you sign

What you need to apply

  • US-based contracting business
  • 6+ months in business
  • ~$30,000+ in monthly revenue
  • Last 3 months of bank statements
  • Valid EIN and business bank account

Frequently asked questions

Should I consolidate or refinance my MCAs?
Consolidate when you're juggling multiple advances; refinance when a single expensive advance can be replaced with a lower-cost facility.
How fast can I get funded?
Most contractors fund within 24 hours of approval, with a 5-minute application and a soft credit pull.
Can I qualify with bad credit?
Yes — FICO 500+ can qualify because approval is weighted toward revenue and deposits.
Is this a business loan or a cash advance?
Both are available. The right structure depends on your revenue, credit, and how you prefer to repay — fixed payments or a share of your deposits. We show you the options you qualify for before you commit.
What can I use the funds for?
Any legitimate business purpose — payroll, materials, equipment, mobilization, covering the gap between draws, or growth. There are no restrictions on how you deploy working capital.
Are there any upfront fees to apply?
No. Applying and getting a decision is free, and any fees are disclosed in your offer before you accept — so there are no surprises.

Sources & further reading

Figures on this page are typical 2026 industry ranges provided for general information; your actual terms are set at application.

Find your way out

Apply in 5 minutes with a soft credit pull.

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Comparisons reflect typical 2026 industry structures for general information and vary by lender and underwriting; your actual terms are set at application. Product and company names referenced are the property of their respective owners.