Mulligan Funding Alternatives: 7 Options Compared (2026)

Last updated: November 2026

The most common reason to look for Mulligan Funding alternatives is its revenue minimum: Mulligan asks for at least $750,000 in annualized revenue, about $62,500 a month. Smaller businesses should compare Forward Financing and Bluevine ($10,000 a month), Credibly ($15,000 a month), OnDeck ($100,000 a year) and the American Express line ($3,000 a month). If you want a revolving line rather than a lump sum, look at Bluevine, OnDeck or American Express. If you need more than 24 months to repay, Biz2Credit and Rapid Finance publish terms up to 60 months, and SBA 7(a) working capital loans run up to 10 years. Each option is compared below, checked in November 2026.

What Mulligan Funding offers (checked November 2026)

Mulligan Funding is a San Diego-based business lender that says it has provided working capital since 2008. Its site says most of its business loans are issued by FinWise Bank, a Utah state-chartered bank, Member FDIC, and that final loan decisions may be subject to FinWise Bank's underwriting.

• Products: working capital loans, its most popular product, completed over a matter of months; and business term loans for larger amounts or longer repayment.
• Amounts and terms: up to $10 million, with terms from 3 to 24 months.
• Published minimums: at least $750,000 in annualized revenue over the previous 12 months, at least 6 months in business and a 625+ credit score, plus no more than one daily-debit loan and no open bankruptcies.
• Where it lends: all 50 states plus Washington, D.C.
• Speed: approval in as little as a few hours and funding as soon as the same business day, for complete applications submitted during business hours (Monday to Friday, 7 a.m. to 5 p.m. PT).
• Cost: rates and fees are not published on its homepage; terms are customized to each business.

For a business with $750,000 or more in annual revenue that needs a larger amount quickly, Mulligan is a reasonable option. The alternatives below are for businesses below that bar or wanting a different structure.

Who should look beyond Mulligan Funding

• Revenue under $750,000 a year. Forward Financing and Bluevine ask for $10,000 a month, Credibly $15,000 a month, OnDeck $100,000 a year and the American Express line $3,000 a month.
• Credit score under 625. Forward Financing and Credibly publish a 500 minimum.
• Already carrying more than one daily-debit loan or advance. That is outside Mulligan's published criteria. Before adding another position, compare the total cost of what you already owe; consolidating may make more sense than stacking.
• Want a revolving line of credit. Bluevine, OnDeck and the American Express line let you draw, repay and draw again.
• Need more than 24 months. Biz2Credit and Rapid Finance advertise term loans up to 60 months; SBA 7(a) loans run up to 10 years for working capital.
• Strong credit and time to wait. SBA and bank loans usually cost the least.

Mulligan Funding alternatives compared

Option	Published amount	Published minimums	Repayment	Best fit
Forward Financing	$5,000 to $500,000	500+ credit score, 1+ year, $10,000+ monthly revenue	Daily or weekly over 3 to 18 months	Smaller businesses with lower scores
Credibly	$5,000 to $600,000	500+ credit score, 6+ months, $15,000+ monthly revenue	Daily, weekly or, on some products, monthly	Same 6-month bar at much lower revenue
OnDeck	Term loans up to $400,000; lines up to $200,000	625+ FICO, 1+ year, $100,000+ annual revenue; not in ND	Weekly or monthly; up to 24 months	Fixed loans or a line at moderate revenue
Bluevine Line of Credit	Up to $250,000	625+ FICO, 12+ months, $10,000+ monthly revenue; corporations and LLCs only; not in NV, ND, SD	Weekly or monthly	A revolving line for LLCs and corporations
American Express Business Line of Credit	$2,000 to $250,000 at approval	660+ FICO, business started 1+ year ago, $3,000+ average monthly revenue	6-, 12-, 18- or 24-month installments; monthly fee 0.55% to 1.55%	Good credit at modest revenue
Biz2Credit	Term loans $25,000 to $2 million	650 credit score, 12 months, $100,000 annual revenue	3 to 60 months	Longer terms on mid-size loans
SBA 7(a) loan	Up to $5 million	SBA eligibility plus each lender's credit standards	Monthly, up to 10 years for working capital	Lowest cost if you can wait several weeks

Working capital loan, line of credit or SBA loan?

Option type	Typical speed	Typical term	Use it when
Short-term working capital loan	Same day to a few days	3 to 24 months	A one-time need you can repay within months
Line of credit	Same day to a few days	6 to 24 months per draw (online)	Recurring timing gaps such as payroll or inventory
Online term loan with longer terms	Days	Up to about 5 years	A larger project with a longer payback
SBA 7(a) loan	Weeks to months	Up to 10 years for working capital	You have a strong file and want the lowest cost

Our guide to working capital for small businesses explains how to size a cash gap, business loan requirements lists the documents lenders ask for, and how much a merchant cash advance costs shows how to compare short-term offers on total payback.

More lender comparisons: OnDeck alternatives, National Funding alternatives and Kapitus alternatives. Every guide we publish is sorted by need in our business lender alternatives hub.

How FSE compares options from multiple lenders

Every lender above has its own credit box, and applying to them one at a time takes days and repeats the same paperwork. FSE (Funding Solutions Experts) is an independent commercial finance brokerage that works with 50+ lending partners across working capital, lines of credit, term loans, equipment financing, real estate-backed funding and merchant cash advances. You complete one application, and FSE compares what your business may qualify for across those partners, so you can weigh short-term working capital against lines of credit, longer term loans and SBA options side by side on total cost, payment schedule and term.

• No fee to you. FSE never charges the business any fee; FSE is paid by commission from its funding partners.
• Minimums. At least 1 year in business and $10,000 or more in monthly revenue.
• No credit check to apply. FSE's application does not ask for your Social Security number and does not pull your credit. An individual lender may check credit later in its own process.
• No promises we cannot keep. Approval, amounts and terms are set by each lender, and no approval is guaranteed.

If your business meets those minimums, you can apply once with FSE and compare offers from multiple lenders.

Frequently asked questions

What are Mulligan Funding's requirements?

Mulligan lists at least $750,000 in annualized revenue over the previous 12 months, at least 6 months in business and a minimum 625 credit score. Its homepage adds no more than one daily-debit loan and no open bankruptcies.

How much can I borrow from Mulligan Funding?

Up to $10 million, with terms from 3 to 24 months. Your amount and terms depend on your business.

Who issues Mulligan Funding loans?

Mulligan says most of its business loans are issued by FinWise Bank, a Utah state-chartered bank, Member FDIC.

Is there a Mulligan Funding alternative for smaller businesses?

Yes. Forward Financing and Bluevine publish a $10,000 monthly revenue minimum, Credibly $15,000 and the American Express line $3,000 in average monthly revenue.

Does checking my options hurt my credit?

Ask each lender whether its check is soft or hard and when it happens. FSE's application does not pull credit at all; a lender may check credit later in its own process.

Sources

• Mulligan Funding: homepage (amounts, terms, minimums, states, FinWise Bank disclosure, funding-speed footnote), working capital loans and term loans (625 credit score)
• Forward Financing products and eligibility; Credibly
• OnDeck; Bluevine Line of Credit; American Express Business Line of Credit
• Biz2Credit term loan; Rapid Finance
• U.S. Small Business Administration, 7(a) loans

Provider details were checked in November 2026 and change often; confirm current terms with each provider before you apply. Inclusion is not an endorsement and does not mean a provider is part of FSE's network. Brand names belong to their owners; FSE is not affiliated with them.