Advance Funds Network
Hybrid MCA/loan provider (own subsidiaries + outside funders). Third-party max $3M, 500 credit, 6 months in business, same-day funding; rates unpublished (~73% APR MCA example).
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Businesses 6+ months old with about $180,000 in yearly revenue and credit as low as 500 that want one application shopped to several funders, with same-day money possible.
Not for: Startups, or borrowers who want published prices and to know who funds the deal before applying. A bank line or SBA loan costs far less if you qualify.
Lender List verdict: Advance Funds Network is a hybrid: it funds some deals through its own subsidiaries and places others with third-party funders, so one application can surface several offers fast. It publishes no factor rates or amount limits; an MCA at an illustrative 1.30 factor over 9 months works out to about 73% APR, so compare offers before you sign.
Advance Funds Network at a glance
Advance Funds Network is a Brooklyn funding provider, founded in 2008, whose reviews average 5.0 on Trustpilot; it arranges and funds advances and loans in the U.S. and Canada.
| Advance Funds Network | |
|---|---|
| Lender type | Hybrid: direct funding subsidiaries plus third-party lenders and funders |
| Founded | 2008 |
| HQ | Brooklyn, NY (offices in NJ, FL and Toronto) |
| Parent/owner | Advance Funds Network LLC; founder and CEO David Catton |
| Products | Merchant cash advance, working capital, term loans, lines of credit, SBA, consolidation |
| Amounts | Not published (Business.com: $5,000 to $3,000,000) |
| Cost (headline) | Not published; third parties cite rates from 13%; about 73% APR in our MCA example |
| Term | 6 to 24 months (Business.com) |
| Funding speed | Same day; working capital in as little as 4 hours |
| Status | Active (2026-10-27) |
What is Advance Funds Network?
Advance Funds Network (AFN) is a New York funding company, founded in 2008 and led by David Catton, that offers merchant cash advances and business loans through its own funding subsidiaries and a network of outside lenders. Its terms say the funder, which may be an AFN subsidiary or an outside company, makes the final decision.
How the Advance Funds Network merchant cash advance works
An Advance Funds Network merchant cash advance gives you a lump sum now in exchange for a share of future sales, collected by daily or weekly debits until the agreed amount is repaid. You apply online with three months of bank statements and pick from the approvals.
- Repayment: daily or weekly debits; AFN's MCA page is inconsistent on fixed versus variable payments, so check your contract
- Term: 6 to 24 months per Business.com (Finder: 6 to 18 months)
- Funding speed: same day; working capital in about 4 hours
Advance Funds Network rates and fees: what it really costs
Advance Funds Network publishes no factor rates, holdback percentages or fees; Business.com reports financing from 13% and Finder about 15%, figures that fit its loans more than its advances.
- Not charged: upfront fees, per AFN
- Early payoff: no prepayment penalty on term loans; Business.com reports payoff discounts of up to 10% to 15%
- Not published: factor rate range, holdback %, UCC lien or personal guarantee terms
Worked example: take a $50,000 advance at an illustrative 1.30 factor rate (AFN publishes none). You repay $65,000, or $343.92 every business day for about 9 months (189 debits). The $15,000 cost works out to roughly 73% APR.
Advance Funds Network requirements
Advance Funds Network asks for a 500 credit score, at least 6 months in business and about $180,000 in annual revenue, and it does not fund startups.
| Requirement | Advance Funds Network minimum |
|---|---|
| Personal credit score | 500 (Finder: no mandatory minimum) |
| Time in business | 6 months; homepage says 1 year (Finder: 3 months) |
| Annual revenue | $180,000, about $15,000 a month (Finder, Business.com: $25,000 a month) |
| Bank account / integrations | 3 months of business bank statements |
| Credit check | Lender does not publish (Business.com: no credit check for MCAs) |
| Collateral / guarantee | Lender does not publish (Business.com: most loans unsecured) |
The funder sizes each offer from your deposits and sales.
Merchant cash advance rules that protect you
If your business is in New York, rules in force since August 1, 2023 require written cost disclosures on merchant cash advances of $2.5 million or less, including how and by whom any broker is paid.
- Reconciliation: not published; ask whether payments adjust if sales fall
- Confession of judgment and stacking: not addressed by AFN or reviewers; check your contract
- Virginia: on the state's sales-based financing registrant list (June 2024)
Pros and cons
Advance Funds Network's strengths are speed and a 500 credit floor; its weakness is that price and funder stay hidden until you have an offer.
Pros
- One application reaches AFN subsidiaries and outside funders
- 500 credit score accepted
- Same-day funding possible; contact within about 2 hours
- No upfront fees, per AFN
Cons
- No published factor rates, amounts or holdback figures
- The company funding your deal may not be AFN
- Some customers told Business.com their final terms differed from phone quotes
- California DFPI enforcement record (2020–2023)
Advance Funds Network vs. Forward Financing vs. Lendio
Advance Funds Network sits between a direct funder like Forward Financing ($5,000 to $500,000) and a pure marketplace like Lendio (up to $5,000,000 through partners).
| Advance Funds Network | Forward Financing | Lendio | |
|---|---|---|---|
| Max amount | Not published (Business.com: $3,000,000) | $500,000 | $5,000,000 via partners |
| Pricing | Not published (third-party: from 13%) | Factor rate not published (UCS: 1.3 to 1.5) | No Lendio fee; cash advances from 18% |
| Min FICO | 500 | 500 | 600 (some options in the 500s) |
| Min time in business | 6 months | 1 year | 6 months |
| Min annual revenue | $180,000 | $10,000 a month | $8,000 a month |
| Repayment | Daily or weekly (MCA) | Daily or weekly, 3 to 18 months | Set by the matched lender |
| Early payoff | No penalty on loans; discounts reported | Anytime, no extra charge | Set by the matched lender |
Forward Financing and Lendio figures are from their own sites except the Forward Financing factor-rate range (United Capital Source), checked 2026-10-26.
Choose Advance Funds Network for fast offers with 500 credit, Forward Financing for a direct funder, Lendio for a marketplace showing partner rates.
Advance Funds Network alternatives on Lender List
The closest Advance Funds Network alternatives are Forward Financing and National Funding as direct funders, and Lendio as a marketplace.
- Forward Financing — direct MCA funder accepting 500 credit
- National Funding — working capital up to $500K with daily or weekly payments
- Lendio — marketplace that compares partner lenders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about Advance Funds Network
Is Advance Funds Network Legit? Yes. Advance Funds Network has operated since 2008, holds a BBB A+ accreditation and a 5.0 Trustpilot score from 1,693 reviews, and was registered in Virginia as a sales-based financing provider in 2024. California's DFPI lists an enforcement record naming Advance Funds Network LLC (2020–2023) without public details.
What Do Advance Funds Network Reviews Say? Reviews are strongly positive: 97% of 1,693 Trustpilot reviews give five stars, though AFN invites customers to review, which can lift scores. Finder scores it 9.7 of 10. The main criticism is cost, plus reports of final terms that differed from phone quotes.
Is Advance Funds Network a Direct Lender or a Broker? Both. Advance Funds Network funds some deals through its own subsidiaries and places others with third-party lenders and funders, and its terms say the funder makes the final decision. Ask which company is funding your offer; New York businesses also get a written disclosure of any broker pay.
Where Is Advance Funds Network Located? Advance Funds Network lists Brooklyn, New York, at 464 Kings Highway, as its first office, with further offices in Oakhurst, New Jersey; Hollywood, Florida; and Toronto. Its website terms are governed by New York law, and it funds businesses across the U.S. and Canada.
Are There Complaints About Advance Funds Network? Few. Finder reports a single BBB complaint, and only 1% of Trustpilot reviews are one star. Business.com notes some customers said their final terms differed from phone quotes, and California's DFPI shows an enforcement record from 2020 to 2023 whose details are not public.
What Happens If My Sales Drop? It depends on the funder's contract. Advance Funds Network does not publish a reconciliation clause, and its advances are collected by daily or weekly debits. Before signing, ask whether the funder will adjust payments to match lower sales, and get that right in writing.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Businesses 6+ months old with about $180,000 in yearly revenue and credit as low as 500 that want one application shopped to several funders, with same-day money possible.
Not for: Startups, or borrowers who want published prices and to know who funds the deal before applying. A bank line or SBA loan costs far less if you qualify.
Lender List verdict: Advance Funds Network is a hybrid: it funds some deals through its own subsidiaries and places others with third-party funders, so one application can surface several offers fast. It publishes no factor rates or amount limits; an MCA at an illustrative 1.30 factor over 9 months works out to about 73% APR, so compare offers before you sign.
Advance Funds Network at a glance
Advance Funds Network is a Brooklyn funding provider, founded in 2008, whose reviews average 5.0 on Trustpilot; it arranges and funds advances and loans in the U.S. and Canada.
| Advance Funds Network | |
|---|---|
| Lender type | Hybrid: direct funding subsidiaries plus third-party lenders and funders |
| Founded | 2008 |
| HQ | Brooklyn, NY (offices in NJ, FL and Toronto) |
| Parent/owner | Advance Funds Network LLC; founder and CEO David Catton |
| Products | Merchant cash advance, working capital, term loans, lines of credit, SBA, consolidation |
| Amounts | Not published (Business.com: $5,000 to $3,000,000) |
| Cost (headline) | Not published; third parties cite rates from 13%; about 73% APR in our MCA example |
| Term | 6 to 24 months (Business.com) |
| Funding speed | Same day; working capital in as little as 4 hours |
| Status | Active (2026-10-27) |
What is Advance Funds Network?
Advance Funds Network (AFN) is a New York funding company, founded in 2008 and led by David Catton, that offers merchant cash advances and business loans through its own funding subsidiaries and a network of outside lenders. Its terms say the funder, which may be an AFN subsidiary or an outside company, makes the final decision.
How the Advance Funds Network merchant cash advance works
An Advance Funds Network merchant cash advance gives you a lump sum now in exchange for a share of future sales, collected by daily or weekly debits until the agreed amount is repaid. You apply online with three months of bank statements and pick from the approvals.
- Repayment: daily or weekly debits; AFN's MCA page is inconsistent on fixed versus variable payments, so check your contract
- Term: 6 to 24 months per Business.com (Finder: 6 to 18 months)
- Funding speed: same day; working capital in about 4 hours
Advance Funds Network rates and fees: what it really costs
Advance Funds Network publishes no factor rates, holdback percentages or fees; Business.com reports financing from 13% and Finder about 15%, figures that fit its loans more than its advances.
- Not charged: upfront fees, per AFN
- Early payoff: no prepayment penalty on term loans; Business.com reports payoff discounts of up to 10% to 15%
- Not published: factor rate range, holdback %, UCC lien or personal guarantee terms
Worked example: take a $50,000 advance at an illustrative 1.30 factor rate (AFN publishes none). You repay $65,000, or $343.92 every business day for about 9 months (189 debits). The $15,000 cost works out to roughly 73% APR.
Advance Funds Network requirements
Advance Funds Network asks for a 500 credit score, at least 6 months in business and about $180,000 in annual revenue, and it does not fund startups.
| Requirement | Advance Funds Network minimum |
|---|---|
| Personal credit score | 500 (Finder: no mandatory minimum) |
| Time in business | 6 months; homepage says 1 year (Finder: 3 months) |
| Annual revenue | $180,000, about $15,000 a month (Finder, Business.com: $25,000 a month) |
| Bank account / integrations | 3 months of business bank statements |
| Credit check | Lender does not publish (Business.com: no credit check for MCAs) |
| Collateral / guarantee | Lender does not publish (Business.com: most loans unsecured) |
The funder sizes each offer from your deposits and sales.
Merchant cash advance rules that protect you
If your business is in New York, rules in force since August 1, 2023 require written cost disclosures on merchant cash advances of $2.5 million or less, including how and by whom any broker is paid.
- Reconciliation: not published; ask whether payments adjust if sales fall
- Confession of judgment and stacking: not addressed by AFN or reviewers; check your contract
- Virginia: on the state's sales-based financing registrant list (June 2024)
Pros and cons
Advance Funds Network's strengths are speed and a 500 credit floor; its weakness is that price and funder stay hidden until you have an offer.
Pros
- One application reaches AFN subsidiaries and outside funders
- 500 credit score accepted
- Same-day funding possible; contact within about 2 hours
- No upfront fees, per AFN
Cons
- No published factor rates, amounts or holdback figures
- The company funding your deal may not be AFN
- Some customers told Business.com their final terms differed from phone quotes
- California DFPI enforcement record (2020–2023)
Advance Funds Network vs. Forward Financing vs. Lendio
Advance Funds Network sits between a direct funder like Forward Financing ($5,000 to $500,000) and a pure marketplace like Lendio (up to $5,000,000 through partners).
| Advance Funds Network | Forward Financing | Lendio | |
|---|---|---|---|
| Max amount | Not published (Business.com: $3,000,000) | $500,000 | $5,000,000 via partners |
| Pricing | Not published (third-party: from 13%) | Factor rate not published (UCS: 1.3 to 1.5) | No Lendio fee; cash advances from 18% |
| Min FICO | 500 | 500 | 600 (some options in the 500s) |
| Min time in business | 6 months | 1 year | 6 months |
| Min annual revenue | $180,000 | $10,000 a month | $8,000 a month |
| Repayment | Daily or weekly (MCA) | Daily or weekly, 3 to 18 months | Set by the matched lender |
| Early payoff | No penalty on loans; discounts reported | Anytime, no extra charge | Set by the matched lender |
Forward Financing and Lendio figures are from their own sites except the Forward Financing factor-rate range (United Capital Source), checked 2026-10-26.
Choose Advance Funds Network for fast offers with 500 credit, Forward Financing for a direct funder, Lendio for a marketplace showing partner rates.
Advance Funds Network alternatives on Lender List
The closest Advance Funds Network alternatives are Forward Financing and National Funding as direct funders, and Lendio as a marketplace.
- Forward Financing — direct MCA funder accepting 500 credit
- National Funding — working capital up to $500K with daily or weekly payments
- Lendio — marketplace that compares partner lenders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about Advance Funds Network
Is Advance Funds Network Legit? Yes. Advance Funds Network has operated since 2008, holds a BBB A+ accreditation and a 5.0 Trustpilot score from 1,693 reviews, and was registered in Virginia as a sales-based financing provider in 2024. California's DFPI lists an enforcement record naming Advance Funds Network LLC (2020–2023) without public details.
What Do Advance Funds Network Reviews Say? Reviews are strongly positive: 97% of 1,693 Trustpilot reviews give five stars, though AFN invites customers to review, which can lift scores. Finder scores it 9.7 of 10. The main criticism is cost, plus reports of final terms that differed from phone quotes.
Is Advance Funds Network a Direct Lender or a Broker? Both. Advance Funds Network funds some deals through its own subsidiaries and places others with third-party lenders and funders, and its terms say the funder makes the final decision. Ask which company is funding your offer; New York businesses also get a written disclosure of any broker pay.
Where Is Advance Funds Network Located? Advance Funds Network lists Brooklyn, New York, at 464 Kings Highway, as its first office, with further offices in Oakhurst, New Jersey; Hollywood, Florida; and Toronto. Its website terms are governed by New York law, and it funds businesses across the U.S. and Canada.
Are There Complaints About Advance Funds Network? Few. Finder reports a single BBB complaint, and only 1% of Trustpilot reviews are one star. Business.com notes some customers said their final terms differed from phone quotes, and California's DFPI shows an enforcement record from 2020 to 2023 whose details are not public.
What Happens If My Sales Drop? It depends on the funder's contract. Advance Funds Network does not publish a reconciliation clause, and its advances are collected by daily or weekly debits. Before signing, ask whether the funder will adjust payments to match lower sales, and get that right in writing.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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