Cobalt Funding Solutions

Best for: Established businesses with strong daily deposits that need $10,000 to $3,000,000 within a day and accept a very high price for speed.

Not for: Anyone wanting published rates, customer reviews or a longer term.

Lender List verdict: Cobalt Funding Solutions moves large sums fast. Its only public pricing, from court records, is a 1.45 factor rate plus an 8% fee over 50 business days, roughly 493% APR.

Cobalt Funding Solutions at a glance

Cobalt Funding Solutions is a direct merchant cash advance funder in New York that advances $10,000 to $3,000,000.

What is Cobalt Funding Solutions?

Cobalt Funding Solutions is a New York City company, online since at least 2021, that provides revenue-based financing nationwide and pays brokers commissions on new and renewal deals.

How the Cobalt Funding Solutions merchant cash advance works

Cobalt Funding Solutions pays a lump sum now for a larger fixed amount of your future receipts, collected by a fixed bank debit each business day (50 in the MyPillow contract), with funding often in as little as 24 hours.

Cobalt Funding Solutions rates and fees: what it really costs

Cobalt Funding Solutions does not publish pricing; the one contract in public court records shows a 1.45 factor rate and an 8% origination fee.

• Holdback: MyPillow's daily debit was about 7.57% of its receipts
• Origination fee: 8% of the advance, deducted before funding
• Other fees: default, UCC and wire charges in the contract
• Early payoff discount: lender does not publish

Worked example: a $50,000 advance at 1.45 means repaying $72,500 through 50 business-day debits of $1,450. After the 8% fee you receive $46,000. As an annual rate, that is about 493% APR (about 395% without the fee).

Cobalt Funding Solutions requirements

Cobalt Funding Solutions publishes no minimum credit score, revenue or time in business.

Merchant cash advance rules that protect you

Cobalt Funding Solutions is based in New York, one of ten states that require cost disclosures on commercial financing (Venable LLP). Cobalt was on Virginia's 2024 sales-based financing registrant list.

• Stacking: the 2024 contract charges 25% of outstanding receivables for taking another advance
• Confession of judgment: not mentioned in the court records we reviewed
• Before signing: ask for the disclosure and the reconciliation terms

Frequently asked questions about Cobalt Funding Solutions

Is Cobalt Funding Solutions legit? Cobalt Funding Solutions is a real funder, but we found no BBB or Trustpilot reviews. Its site has been live since at least 2021, and it appeared on Virginia's 2024 sales-based financing registrant list. MyPillow sued over a $1.56 million 2024 advance, alleging a 409% effective rate. We found no regulator action against it.

Is Cobalt Funding Solutions a direct lender or a broker? Cobalt Funding Solutions is a direct funder. It co-funded the MyPillow advance with Streamline Advance and sued in its own name for the balance. Its broker-partner page calls Cobalt a direct lender and pays commissions on new and renewal deals.

What happens if my sales drop? Cobalt Funding Solutions does not publish a reconciliation policy. Its 2024 contract collected a fixed amount each business day, so payments would not fall automatically. MyPillow's $45,000 daily debit equaled about 7.57% of its sales. Ask how adjustments work before signing.

What is the Cobalt Funding Solutions MyPillow lawsuit? Cobalt Funding Solutions faces MyPillow in two 2024 suits. Lindell's companies call the advance a disguised usurious loan; Cobalt says about $1.45 million went unpaid after October 2024 debits stopped. About $814,000 was paid first. No outcome had been reported when we checked.

Compare other merchant cash advance providers, or see Forward Financing for published requirements.

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.