BizFund
Merchant cash advance up to $1,000,000 over up to 24 months. Factor not published (1.38 in a 2025 contract, ~87% APR), no stated min credit, 2-hour decisions. Best for fast, large MCAs.
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: Established U.S. businesses outside Texas with steady bank deposits that need up to $1 million within a day or two and can carry weekly or daily debits for up to 24 months.
Not for: Owners who qualify for a bank, SBA or term loan, anyone wanting a published price, or Texas businesses (referred to a partner).
Lender List verdict: BizFund is a Brooklyn direct funder that underwrites in-house, decides in as little as 2 hours and goes up to $1 million. It is expensive and opaque: no factor rate is published, and a 1.38 ratio from a 2025 contract works out to about 87% APR.
BizFund at a glance
BizFund (Bizfund LLC) buys future receivables from small businesses, with advances up to $1 million and terms up to 24 months.
| BizFund | |
|---|---|
| Lender type | Direct funder; merchant cash advance (purchase of receivables) |
| Founded | Incorporated 2013 |
| HQ | Brooklyn, NY |
| Parent/owner | Bizfund LLC (Delaware); founder Danny Koshanfar |
| Products | Merchant cash advance / revenue-based financing |
| Amounts | Up to $1,000,000 (no minimum published) |
| Cost (headline) | Factor rate not published; 1.38 in a 2025 court record, about 87% APR over 40 weeks |
| Term | Up to 24 months |
| Funding speed | Decision in as little as 2 hours; same-day funding possible |
| Status | Active (2026-10-27) |
What is BizFund?
BizFund is Bizfund LLC, a Brooklyn, NY merchant cash advance company incorporated in 2013, per its BBB file. Rather than lending, it buys a set amount of future sales at a discount and collects it through scheduled bank debits.
It claims 15+ years of experience, holds licenses in CA, CT, NV, MO, UT and VA, and does not fund Texas businesses directly.
How the BizFund merchant cash advance works
BizFund advances cash against your future receivables, then debits a fixed amount from your business bank account until the purchased total is collected.
- Application: short online form plus recent bank statements
- Decision and funding: in as little as 2 hours, with same-day funding for approved, fully documented files
- Payments: weekly in its latest public contract ($5,175 on a $150,000 advance); daily in a 2018 filing
- Term: up to 24 months
BizFund rates and fees: what it really costs
BizFund prices advances with a factor rate it does not publish, so court records and customer reports are the only public guide to cost.
- Factor rate: not disclosed; a May 2025 contract bought $207,000 of receivables for $150,000 (1.38), and a BBB reviewer reported about $84,000 owed on $50,000 (1.68)
- Holdback: not published; the 2025 contract used a fixed $5,175 weekly debit, and a 2018 filing set remittance at 15% of daily deposits (about $272 a day)
- Default fee: the 2025 contract charged 20% of the balance or $5,000, whichever was greater; the court refused to enforce it as a penalty
- Origination, admin and ACH fees, prepayment discount, UCC lien: not published
Worked example: a $50,000 advance at the 1.38 ratio from the court record means $69,000 to repay, a $19,000 cost. Split into 40 weekly debits, as in that contract, each payment is $1,725, which is roughly 87% APR. As 200 business-day debits of $345, it is about 88%. The BBB reviewer's 1.68 ratio over 40 weeks would be near 147%.
BizFund requirements
BizFund publishes no hard minimums beyond an established business with consistent revenue.
| Requirement | BizFund minimum |
|---|---|
| Personal credit score | Lender does not publish |
| Time in business | Lender does not publish ("established businesses") |
| Annual revenue | Lender does not publish (example: $80,000 a month for up to $95,000) |
| Bank account / integrations | Business checking for debits; recent bank statements |
| Credit check | Consent to personal and business reports from TransUnion, Experian and Equifax |
| Collateral / guarantee | Future receivables; court records show owner personal guaranties |
Underwriters weigh deposits and overall performance, not one score.
Merchant cash advance rules that protect you
BizFund's contracts send disputes to New York City courts, and New York, California, Utah and Virginia require cost disclosures (New York: estimated APR, finance charge and term on deals up to $2.5 million).
- Reconciliation: a New York court found BizFund's 2025 contract required payment adjustments on request, so ask for a reconciliation if receipts drop
- Stacking: that contract treated selling receivables to another funder as a breach
- Confession of judgment: BizFund filed one against a merchant in 2018; its current policy is not published, so read your agreement before signing
Pros and cons
BizFund's strengths are speed and a $1 million ceiling; its weakness is hidden pricing.
Pros
- Up to $1 million, double Forward Financing's and National Funding's $500,000 caps
- Decisions in as little as 2 hours, same-day funding possible
- In-house underwriting rather than a pass-through marketplace
- BBB A+ rating with one complaint in three years
- Terms run as long as 24 months
Cons
- No published factor rate, fees, holdback or minimums
- Documented pricing implies roughly 87% to 147% APR
- Not available directly to Texas businesses
- Frequent collection suits, including a 2018 confession of judgment
- Only two BBB reviews; no Trustpilot profile found
BizFund vs. Forward Financing vs. National Funding
BizFund goes to $1 million, double the $500,000 ceiling at Forward Financing and National Funding.
| BizFund | Forward Financing | National Funding | |
|---|---|---|---|
| Max amount | $1,000,000 | $500,000 | Up to $500,000 (working capital) |
| Pricing | Not published (1.38 in a 2025 court record) | Factor rate not published (customer-reported 1.3 to 1.5) | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | Lender does not publish | 500 | None stated; most customers 600+ |
| Min time in business | Lender does not publish | 1 year | Not stated for working capital (NerdWallet: 24 months) |
| Min annual revenue | Lender does not publish | $10,000 a month | Not stated (Bankrate: $250,000) |
| Repayment | Weekly or daily debits, up to 24 months | Daily or weekly, 3 to 18 months | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Lender does not publish | No extra charge; discount may be offered | May offer early payoff discounts |
Forward Financing and National Funding figures are from their own sites (third-party where marked), checked 2026-10-26.
Choose BizFund for more than $500,000 fast, Forward Financing for 500s credit and clear minimums, National Funding for a stated 600+ typical FICO and possible payoff discounts.
BizFund alternatives on Lender List
BizFund's closest alternatives here are Forward Financing and National Funding, plus the Lendio marketplace.
- Forward Financing — revenue-based funding to $500,000 with a 500 credit floor
- National Funding — daily or weekly working capital up to $500,000
- Lendio — one application, offers from many funders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about BizFund
Is BizFund Legit? Yes. Bizfund LLC was incorporated in 2013, is licensed in six states and holds a BBB A+ rating with accreditation since July 2025 and one complaint in three years. We found no regulator action naming it, but it does sue merchants who stop paying.
Is BizFund a Direct Lender or a Broker? A direct funder. BizFund underwrites deals with its own team and is the purchaser named in its contracts. It also accepts deals from brokers and ISOs, so confirm your agreement names Bizfund LLC. Texas businesses are routed to a separate funding partner.
What Is BizFund LLC MCA Debt? It is the unpaid balance of receivables you sold to BizFund. Legally it is a purchase, not a loan; a New York court rejected a usury defense against BizFund in 2026 because the contract allowed reconciliation and had no fixed term. The balance is collected through bank debits and, on default, lawsuits.
What Happens If My Sales Drop? Ask BizFund for a reconciliation; a 2026 New York decision found its contract requires payment adjustments on request. Blocking the debit account instead is a breach: in that case the merchant blocked access and BizFund won summary judgment for about $150,000 plus fees.
Does BizFund Sue Merchants? Yes. Court records show BizFund suing merchants and their personal guarantors in New York since at least 2018, including a confession of judgment that year and suits in 2019, 2023 and 2024. In 2026 a court enforced one balance but struck its 20% default fee.
Does BizFund Operate in Canada? Yes, by its own account: BizFund says it serves businesses and broker partners in Canada, the U.K. and Australia as well as the U.S. Its U.S. licenses cover six states. Some "BizFund" brands are unrelated, so check the site is bizfund.com.
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: Established U.S. businesses outside Texas with steady bank deposits that need up to $1 million within a day or two and can carry weekly or daily debits for up to 24 months.
Not for: Owners who qualify for a bank, SBA or term loan, anyone wanting a published price, or Texas businesses (referred to a partner).
Lender List verdict: BizFund is a Brooklyn direct funder that underwrites in-house, decides in as little as 2 hours and goes up to $1 million. It is expensive and opaque: no factor rate is published, and a 1.38 ratio from a 2025 contract works out to about 87% APR.
BizFund at a glance
BizFund (Bizfund LLC) buys future receivables from small businesses, with advances up to $1 million and terms up to 24 months.
| BizFund | |
|---|---|
| Lender type | Direct funder; merchant cash advance (purchase of receivables) |
| Founded | Incorporated 2013 |
| HQ | Brooklyn, NY |
| Parent/owner | Bizfund LLC (Delaware); founder Danny Koshanfar |
| Products | Merchant cash advance / revenue-based financing |
| Amounts | Up to $1,000,000 (no minimum published) |
| Cost (headline) | Factor rate not published; 1.38 in a 2025 court record, about 87% APR over 40 weeks |
| Term | Up to 24 months |
| Funding speed | Decision in as little as 2 hours; same-day funding possible |
| Status | Active (2026-10-27) |
What is BizFund?
BizFund is Bizfund LLC, a Brooklyn, NY merchant cash advance company incorporated in 2013, per its BBB file. Rather than lending, it buys a set amount of future sales at a discount and collects it through scheduled bank debits.
It claims 15+ years of experience, holds licenses in CA, CT, NV, MO, UT and VA, and does not fund Texas businesses directly.
How the BizFund merchant cash advance works
BizFund advances cash against your future receivables, then debits a fixed amount from your business bank account until the purchased total is collected.
- Application: short online form plus recent bank statements
- Decision and funding: in as little as 2 hours, with same-day funding for approved, fully documented files
- Payments: weekly in its latest public contract ($5,175 on a $150,000 advance); daily in a 2018 filing
- Term: up to 24 months
BizFund rates and fees: what it really costs
BizFund prices advances with a factor rate it does not publish, so court records and customer reports are the only public guide to cost.
- Factor rate: not disclosed; a May 2025 contract bought $207,000 of receivables for $150,000 (1.38), and a BBB reviewer reported about $84,000 owed on $50,000 (1.68)
- Holdback: not published; the 2025 contract used a fixed $5,175 weekly debit, and a 2018 filing set remittance at 15% of daily deposits (about $272 a day)
- Default fee: the 2025 contract charged 20% of the balance or $5,000, whichever was greater; the court refused to enforce it as a penalty
- Origination, admin and ACH fees, prepayment discount, UCC lien: not published
Worked example: a $50,000 advance at the 1.38 ratio from the court record means $69,000 to repay, a $19,000 cost. Split into 40 weekly debits, as in that contract, each payment is $1,725, which is roughly 87% APR. As 200 business-day debits of $345, it is about 88%. The BBB reviewer's 1.68 ratio over 40 weeks would be near 147%.
BizFund requirements
BizFund publishes no hard minimums beyond an established business with consistent revenue.
| Requirement | BizFund minimum |
|---|---|
| Personal credit score | Lender does not publish |
| Time in business | Lender does not publish ("established businesses") |
| Annual revenue | Lender does not publish (example: $80,000 a month for up to $95,000) |
| Bank account / integrations | Business checking for debits; recent bank statements |
| Credit check | Consent to personal and business reports from TransUnion, Experian and Equifax |
| Collateral / guarantee | Future receivables; court records show owner personal guaranties |
Underwriters weigh deposits and overall performance, not one score.
Merchant cash advance rules that protect you
BizFund's contracts send disputes to New York City courts, and New York, California, Utah and Virginia require cost disclosures (New York: estimated APR, finance charge and term on deals up to $2.5 million).
- Reconciliation: a New York court found BizFund's 2025 contract required payment adjustments on request, so ask for a reconciliation if receipts drop
- Stacking: that contract treated selling receivables to another funder as a breach
- Confession of judgment: BizFund filed one against a merchant in 2018; its current policy is not published, so read your agreement before signing
Pros and cons
BizFund's strengths are speed and a $1 million ceiling; its weakness is hidden pricing.
Pros
- Up to $1 million, double Forward Financing's and National Funding's $500,000 caps
- Decisions in as little as 2 hours, same-day funding possible
- In-house underwriting rather than a pass-through marketplace
- BBB A+ rating with one complaint in three years
- Terms run as long as 24 months
Cons
- No published factor rate, fees, holdback or minimums
- Documented pricing implies roughly 87% to 147% APR
- Not available directly to Texas businesses
- Frequent collection suits, including a 2018 confession of judgment
- Only two BBB reviews; no Trustpilot profile found
BizFund vs. Forward Financing vs. National Funding
BizFund goes to $1 million, double the $500,000 ceiling at Forward Financing and National Funding.
| BizFund | Forward Financing | National Funding | |
|---|---|---|---|
| Max amount | $1,000,000 | $500,000 | Up to $500,000 (working capital) |
| Pricing | Not published (1.38 in a 2025 court record) | Factor rate not published (customer-reported 1.3 to 1.5) | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | Lender does not publish | 500 | None stated; most customers 600+ |
| Min time in business | Lender does not publish | 1 year | Not stated for working capital (NerdWallet: 24 months) |
| Min annual revenue | Lender does not publish | $10,000 a month | Not stated (Bankrate: $250,000) |
| Repayment | Weekly or daily debits, up to 24 months | Daily or weekly, 3 to 18 months | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Lender does not publish | No extra charge; discount may be offered | May offer early payoff discounts |
Forward Financing and National Funding figures are from their own sites (third-party where marked), checked 2026-10-26.
Choose BizFund for more than $500,000 fast, Forward Financing for 500s credit and clear minimums, National Funding for a stated 600+ typical FICO and possible payoff discounts.
BizFund alternatives on Lender List
BizFund's closest alternatives here are Forward Financing and National Funding, plus the Lendio marketplace.
- Forward Financing — revenue-based funding to $500,000 with a 500 credit floor
- National Funding — daily or weekly working capital up to $500,000
- Lendio — one application, offers from many funders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about BizFund
Is BizFund Legit? Yes. Bizfund LLC was incorporated in 2013, is licensed in six states and holds a BBB A+ rating with accreditation since July 2025 and one complaint in three years. We found no regulator action naming it, but it does sue merchants who stop paying.
Is BizFund a Direct Lender or a Broker? A direct funder. BizFund underwrites deals with its own team and is the purchaser named in its contracts. It also accepts deals from brokers and ISOs, so confirm your agreement names Bizfund LLC. Texas businesses are routed to a separate funding partner.
What Is BizFund LLC MCA Debt? It is the unpaid balance of receivables you sold to BizFund. Legally it is a purchase, not a loan; a New York court rejected a usury defense against BizFund in 2026 because the contract allowed reconciliation and had no fixed term. The balance is collected through bank debits and, on default, lawsuits.
What Happens If My Sales Drop? Ask BizFund for a reconciliation; a 2026 New York decision found its contract requires payment adjustments on request. Blocking the debit account instead is a breach: in that case the merchant blocked access and BizFund won summary judgment for about $150,000 plus fees.
Does BizFund Sue Merchants? Yes. Court records show BizFund suing merchants and their personal guarantors in New York since at least 2018, including a confession of judgment that year and suits in 2019, 2023 and 2024. In 2026 a court enforced one balance but struck its 20% default fee.
Does BizFund Operate in Canada? Yes, by its own account: BizFund says it serves businesses and broker partners in Canada, the U.K. and Australia as well as the U.S. Its U.S. licenses cover six states. Some "BizFund" brands are unrelated, so check the site is bizfund.com.
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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