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Broadway Advance LLC provides merchant cash advances, term loans, lines of credit, and equipment financing for small businesses nationwide, with funding up to $5M and terms of 3-24 months.
Data compiled from public sources
Broadway Advance LLC is a business financing company offering multiple lending products to small businesses across the United States. The company operates through an online application process and maintains a phone support line (212-804-8083) for prospective borrowers seeking guidance on product selection.
Broadway Advance specializes in six primary financing solutions. Their flagship product is merchant cash advances, which provide up to $2 million in funding within 48 hours in exchange for future receivables, with 3-24 month terms and limited-documentation claims to verify. They offer term loans up to $5 million with 3, 5, or 7-year terms, positioned as their closest offering to traditional bank financing. The company provides unsecured lines of credit with no cost unless funds are drawn, asset-based lending against real estate, inventory, or equipment, and equipment financing specifically for businesses purchasing machinery or equipment.
Broadway Advance distinguishes itself through speed of funding (48-hour turnaround on MCAs), high maximum loan amounts ($5M term loans, $2M advances), flexible product offerings across secured and unsecured options, and willingness to work with businesses that may not qualify for traditional bank financing. They market limited-documentation claims to verify for merchant cash advances and offer interest-only flex loan options within their line of credit product.
The company appears primarily focused on alternative small business lending rather than traditional banking. Borrowers should note that merchant cash advances and similar products typically carry higher costs than traditional loans, though this is not explicitly disclosed on the solutions page. Term loans require good credit and full financials, which may exclude some small business owners. The lack of specific rate, fee, or APR information on this page means interested borrowers must contact the company directly for listed pricing.
This is state-level context for Business Loans consumers in New York, NY. It does not confirm that Broadway Advance LLC or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Status: Permitted
Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types
Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.
Status: Permitted
Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law
Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
According to CFPB data (2023-present), Broadway Advance LLC has a 100% response rate to consumer complaints, with 100% of those responses delivered within the CFPB's 15-day window. Response rate measures whether the company replied — not whether the consumer's issue was resolved in their favor.
Broadway Advance LLC offers 12 services including Merchant cash advances up to $2 million with 48-hour funding, Term loans up to $5 million over 3, 5, or 7-year terms, Unsecured lines of credit with draw-based pricing, Interest-only flex loan option, Asset-based lending against real estate, and 7 more.
Broadway Advance LLC has profile signals associated with Small business owners with inconsistent cash flow needing quick access to capital, Companies with strong receivables or sales volume seeking merchant cash advances, Established businesses with good credit seeking traditional-style term loans up to $5M, Business owners with equipment, inventory, or real estate available as collateral.
Key strengths: Fast funding: Merchant cash advances available within 48 hours; High maximum loan amounts: Up to $5 million for term loans; Multiple product options: Six distinct financing products for different business needs. Areas to consider: Merchant cash advances typically carry higher effective costs than traditional loans, but specific rates not disclosed; Term loans require good credit and full financials, excluding marginal applicants.
In the Business Loans category, comparable providers include Blursoft - Working Capital Solutions USA, Card Payment Systems, CDVCA. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Broadway Advance LLC is best suited for small business owners who need fast access to capital and either don't qualify for traditional bank loans or need funds faster than banks provide. The primary caveat is that alternative financing products like merchant cash advances typically cost significantly more than traditional loans—borrowers must contact the company directly to understand actual rates and fees before applying.
Public data from the Consumer Financial Protection Bureau
* Percentage of consumer complaints that received a company response (does not indicate the complaint was resolved in the consumer's favor)
** Percentage of responses delivered within the CFPB's 15-day window
Source: consumerfinance.gov | Last checked 2026-04-11
Blursoft is a marketplace connecting small business owners and contractors with lending partners offering merchant cash advances, equipment financing, and short-term loans designed for borrowers with bad or no credit.
Profile signals: Contractors and self-employed workers with inconsistent income or no credit history, Small businesses in cash flow crises needing rapid access to capital
Card Payment Systems is a New York-based merchant services provider offering credit/debit card processing, POS systems, and merchant cash advances to businesses since 1988.
Profile signals: New York-area merchants seeking integrated card processing and POS solutions, Businesses with high-risk profiles that need listed payment processing
Trade association and network for community development venture capital funds providing equity financing to businesses in low-income communities.
Profile signals: Entrepreneurs in low-income communities seeking equity financing and business building support, Small business owners in economically distressed regions looking for flexible capital
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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