Fenix Capital Funding

Best for: Businesses at least 9 months old with about $10,000 a month in deposits and credit scores from 500 that need $7,500 to $150,000 within a day, or that are juggling several existing advances and want one consolidated payment.

Not for: Owners who want to see a price before applying, startups, or anyone who can qualify for a bank line, SBA loan or term loan, which will cost far less.

Lender List verdict: Fenix Capital Funding is a small Brooklyn merchant cash advance funder that approves fast, accepts 500 credit and will fund or consolidate deep positions that many funders refuse. It publishes no factor rates, and its BBB reviews describe aggressive collections, so get the written New York disclosure and compare it before signing.

Fenix Capital Funding at a glance

Fenix Capital Funding is a direct merchant cash advance funder in Brooklyn, New York, that advances $7,500 to $150,000 over 4 to 12 months.

What is Fenix Capital Funding?

Fenix Capital Funding is a New York company that buys a share of small businesses' future sales for a lump sum today, and says it has funded more than $60 million and serves 750-plus industries. The LLC behind it was formed in October 2021, though its Better Business Bureau file dates to 2015, and it funds businesses nationwide from its Brooklyn office.

Fenix describes itself as a direct funder and also pays independent sales organizations weekly commissions for referred deals, so your application may arrive through a broker. Its BBB profile lists a second site, premierecapitalfunding.com, and its eligibility rules match those United Capital Source publishes for Brooklyn-based Premier Capital Funding, which suggests the two are related.

How the Fenix Capital Funding merchant cash advance works

A Fenix Capital Funding advance gives you cash now in exchange for a fixed, larger amount of future receipts, collected through daily or weekly bank debits or a split of card sales. You send an application and three months of bank statements; Fenix says it decides within about 4 hours and wires money the same or next day.

• Standard advance: $7,500 to $150,000 over 4 to 12 months; Fenix will take up to a 5th position behind other funders
• Consolidation: Fenix pays off existing advances in 3rd to 5th position and says total daily payments fall by 20% to 50%, over 2 to 10 months; you receive weekly funding while Fenix debits daily
• Revolving advance: draw any amount up to your approved limit and keep the rest available
• Renewals: early renewal can be considered 6 weeks after funding; add-on funding anytime if you have not taken money elsewhere

Fenix Capital Funding rates and fees: what it really costs

Fenix Capital Funding does not publish factor rates, holdback percentages or fees; Resolve, a competing funder, estimates its factor rates at 1.1 to 1.5.

• Not published: origination or admin fees, ACH fees, prepayment discount, UCC filing, personal guarantee terms
• Reconciliation: no published right to lower payments when sales fall

Worked example: a $50,000 advance at an illustrative 1.30 factor rate (Fenix publishes none) means repaying $65,000. Over 6 months that is about $515.87 every business day for 126 debits, roughly 109% APR before any fees. Over 12 months the APR falls to about 55%; at Resolve's 1.5 high end over 6 months it is about 174%.

Fenix Capital Funding requirements

Fenix Capital Funding asks for a 500 credit score, 9 months in business and about $10,000 a month in deposits.

Offers are sized mainly from your bank deposits; if the two brands are related, United Capital Source's 125%-of-monthly-revenue cap for Premier Capital Funding may apply.

Merchant cash advance rules that protect you

New York's commercial finance disclosure rules, in force since August 1, 2023, require written cost disclosures on merchant cash advances of $2.5 million or less, including how any broker is paid.

• Other states: nine more, including California, Texas and Virginia, require similar disclosures, per Venable LLP
• Virginia: Fenix appeared on Virginia's 2024 list of registered sales-based financing providers
• Confession of judgment and stacking: Fenix does not publish its position; it funds behind up to four other advances, so read the stacking clause
• Collections: Fenix told the BBB it sued a merchant in April 2024 after debits stopped, so expect legal action on default

Pros and cons

Fenix Capital Funding's strengths are speed and funding crowded files; its weaknesses are hidden pricing and collection complaints.

Pros

• 500 credit score and 9 months in business accepted
• Decision in about 4 hours, money the same or next day
• Funds up to a 5th position and consolidates multiple advances
• Revolving draws and early renewal after 6 weeks
• Daily, weekly or card-split payments

Cons

• No published factor rates, fees or prepayment terms
• BBB customer rating of 2 out of 5 from 4 reviews
• Complaints describe calls to customers and family after missed payments
• Maximum of $150,000 is low next to larger funders
• No published reconciliation right

Fenix Capital Funding alternatives on Lender List

The closest Fenix Capital Funding alternatives are larger direct funders that publish more of their terms.

• Forward Financing — direct funder, $5,000 to $500,000, 500 credit, 1 year in business
• National Funding — working capital up to $500,000 with daily or weekly payments
• OnDeck — term loans with a published 53.2% average APR, 625 credit
• Lendio — marketplace that compares several lenders at once
• Browse all merchant cash advance providers on Lender List

Frequently asked questions about Fenix Capital Funding

Is Fenix Capital Funding Legit? Yes, it is a real funder, with caveats. Fenix Capital Funding, LLC was formed in 2021 and has a BBB file dating to 2015. It holds a BBB A+ rating without accreditation and was registered in Virginia as a sales-based financing provider in 2024. Its BBB customer score is 2 out of 5 from 4 reviews, and we found no regulator action.

What Do Fenix Capital Funding Reviews Say? Mostly negative, from a small sample. Three of four BBB reviews give one star, citing high costs, disputed balances and calls to customers or family after missed payments; one five-star reviewer reports 18 trouble-free months. BBB logged 2 complaints in three years and none in the past 12 months. We found no Trustpilot profile.

Is Fenix Capital Funding a Direct Lender or a Broker? It is a direct funder, not a broker. Fenix says it funds advances itself and sued a defaulted merchant in its own name, though it calls its product a cash advance rather than a loan. It also accepts deals from paid brokers, so ask who is being compensated on your offer.

What Happens If My Sales Drop? Fenix Capital Funding does not publish a reconciliation policy, and its advances are collected by fixed daily or weekly debits. If sales fall, ask in writing whether payments can be adjusted. Consolidation lowers daily payments but extends what you owe.

Has Fenix Capital Funding Sued Merchants? Yes, at least once. In a June 2024 BBB response, Fenix said it filed suit on April 17, 2024, after a merchant's account was frozen and payments stopped. We found no published court ruling or regulator case naming the company.

Where Is Fenix Capital Funding Located? Fenix Capital Funding is at 9265 4th Avenue, 2nd Floor, in Brooklyn, New York 11209, and can be reached at 877-563-4226 or info@fenixcapitalfunding.com. It funds businesses across the U.S., many of them referred by independent brokers it pays on commission.

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.