Company overview
HQ · Monsey, NY
Merchant Cash Advance (MCA)Revenue Based FinancingBusiness Line of CreditCredit Card Processing
501 Advance is a financial services firm specializing in Merchant Cash Advances (MCAs) and revenue-based funding for small and midsize businesses. The company's primary business model involves purchasing a percentage of a client's future receivables to provide immediate working capital, and it also offers business lines of credit and credit card processing. It positions itself in the market by claiming to offer funding up to 125% of a client's average monthly volume and by emphasizing a mission of professionalism and innovation in the MCA space.
Company focus
- Legal name
- 501 Advance LLC
- Headquarters
- Monsey, NY
- Founded
- 2019
- Employees
- 1-10
- Geography
- Not publicly specified
- Excluded industries
- Not publicly specified
- Specialties
- Offers funding up to 125% of a business's average monthly volume., Claims of fast funding and quick access to capital, with funding possible in as little as 24 hours., Inferred specialization in financing 501(c) non-profit organizations, a unique vertical in the MCA space., Emphasis on building long-term relationships through dedicated renewal programs for repeat clients., Positions itself as revolutionizing the MCA industry with 'unparalleled professionalism and innovative, out-of-the-box solutions'.
Reported eligibility
- Accepts stacked positions
- No
Business research
- Regulatory information
- Based on a thorough investigation of publicly discoverable, non-paywalled sources up to April 2026, no adverse findings were identified for 501 Advance. The search included major news databases, press releases, state Attorney General (AG) enforcement pages, federal agency databases (FTC, DFS), and key industry trade media publications. This review yielded no records of AG, FTC, or DFS actions, consent orders, significant lawsuits, or media-reported controversies involving the company. The investigation also did not uncover any explicit documentation regarding the company's use of Confessions of Judgment (COJs).