Libertas Funding

Best for: Established, growing businesses bringing in roughly $900K or more a year that need $500,000 to $10 million fast for an acquisition, a large project or inventory, and can handle short, frequent payments.

Not for: Startups, owners with credit below about 630, or anyone needing under $100,000. If you qualify for a bank or SBA loan, it will cost far less.

Lender List verdict: Libertas Funding is one of the few direct funders writing revenue-based advances in the seven and eight figures, with decisions in about a day and $5 billion funded. You get no posted price: at the 1.05 to 1.30 factor rates United Capital Source reports, a 12-month deal works out to roughly 14% to 59% APR.

Libertas Funding at a glance

Libertas Funding is a Greenwich, Connecticut direct funder that provides $500,000 to $10 million in revenue-based advances.

What is Libertas Funding?

Libertas Funding is a direct revenue-based financing provider, founded in September 2016, that has funded more than $5 billion for U.S. businesses. It buys a slice of future sales for a lump sum today and also offers fixed-maturity term loans issued by WebBank.

Alternative Credit Investor reported nearly 1,800 deals in 2024 and a $100 million Victory Park Capital facility in October 2025. CEO John Paradisi added a new CFO, COO and CTO in 2026.

How Libertas Funding revenue-based financing works

Libertas Funding advances a lump sum in exchange for a larger fixed amount of future receipts, collected through scheduled bank debits until the purchased amount is delivered.

• Product types: a purchase of future receipts (merchant cash advance), or a WebBank term loan with a set maturity date
• Payments: a share of sales or fixed daily or weekly debits, per United Capital Source; a 2020 contract reviewed by a New York court used weekly remittances
• Speed: a decision within one business day; funds often within a day or two of approval (United Capital Source)
• Uses: acquisitions, expansion, inventory, equipment and bridge financing

Libertas Funding rates and fees: what it really costs

Libertas Funding does not publish its pricing; United Capital Source reports factor rates of 1.05 to 1.30 plus an origination fee set per deal.

• Factor rate: 1.05 to 1.30 (third-party reported); a 2023 agreement in a New York court record bought $198,000 of receipts for $150,000, a 1.32 ratio
• Origination fee: 2% in United Capital Source's example (SuperMoney: up to 3%)
• Holdback %, admin and ACH fees: not published
• UCC lien: not published; ask before signing
• Early payoff: no prepayment penalty reported; any discount is not published

Worked example (on $500,000 rather than our usual $50,000, since Libertas deals typically start there): take $500,000 at a 1.20 factor and you owe $600,000. A 2% fee ($10,000) means $490,000 reaches your account. Spread over 52 weekly payments (assuming a 12-month term), each debit is $11,538.46, which is roughly 41% APR. Daily debits of $2,380.95 come to about 42%. Squeeze the same deal into six months and the APR climbs to about 81%. Across the reported 1.05 to 1.30 range, a 12-month deal runs about 14% to 59% APR.

Libertas Funding requirements

Libertas Funding publishes no minimums; United Capital Source reports a floor of about a 630 personal credit score and $75,000 in monthly revenue.

Libertas underwrites with its own software for processing financial data.

Merchant cash advance rules that protect you

Libertas Funding is registered as a sales-based financing provider in Virginia and Utah and holds a California Finance Lender license. According to Venable LLP, Connecticut, Virginia and Texas require deal-level disclosures for sales-based financing, and ten states, including California, Florida, Georgia and New York, require some cost disclosure.

• Reconciliation: in 2023 a New York court ruled Libertas's reconciliation clause mandatory, so the deal was a cash advance, not a usurious loan. You must formally request it with bank statements.
• Venue: contracts require suits in New York state court.
• Confession of judgment and stacking: not addressed by Libertas or the reviews we found. Ask before signing.

Pros and cons

Libertas Funding's biggest strength is deal size, up to $10 million; its biggest weakness is that no pricing is published.

Pros

• Funds up to $10 million, far above most cash-advance providers
• Decisions within one business day
• Reconciliation clause ruled mandatory by a New York court
• Direct funder with $5 billion+ deployed since 2016
• Trustpilot 4.8/5 (86 reviews, though only 1 in the past year)

Cons

• No published factor rates, fees, terms or minimums
• Not built for small needs: deals usually start at $500,000
• Personal guarantee expected
• Effective APR can top 80% if repaid in six months

Libertas Funding vs. Forward Financing vs. National Funding

Libertas Funding goes up to $10 million, versus $500,000 at Forward Financing and National Funding.

Forward Financing and National Funding figures are from their own sites, with third-party figures in parentheses, checked 2026-10-26.

Choose Libertas Funding for $500,000 or more. Choose Forward Financing for smaller deals on a 500 credit score. Choose National Funding if you also need equipment financing.

Libertas Funding alternatives on Lender List

The closest Libertas Funding alternatives are Biz2Credit for large deals and Forward Financing or National Funding for smaller ones.

• Biz2Credit — revenue-based financing up to $6 million
• Forward Financing — advances up to $500,000 with a 500 credit floor
• National Funding — working capital plus equipment financing
• Revenued — a revenue-based flex line
• Browse all merchant cash advance providers on Lender List

Frequently asked questions about Libertas Funding

Libertas Funding is a legitimate direct funder active since 2016.

Is Libertas Funding Legit? Yes. Libertas Funding has operated since 2016, reports more than $5 billion funded and holds a California Finance Lender license plus Virginia and Utah registrations. It rates 4.8/5 on Trustpilot from 86 reviews and has no BBB profile. We found no regulator actions, though it has sued merchants who stopped paying.

Is Libertas Funding a Direct Lender or a Broker? A direct funder. Libertas Funding, LLC buys future receipts with its own capital, backed by credit facilities including $100 million from Victory Park Capital, and New York court records name it as the funder. Its term loans are issued by WebBank. It accepts referrals from bankers and advisors.

What Happens If My Sales Drop? You can request reconciliation. A New York court found Libertas's contract makes reconciliation mandatory, but only after you formally ask and send bank statements for a reconciliation month. Informal emails asking for smaller payments were not treated as a request. Stopping payments led to lawsuits.

Has Libertas Funding Been Sued? Libertas is usually the plaintiff. Court records show it suing merchants and guarantors who stopped paying, winning summary judgment in Kings County, New York in 2023 and 2024, including over a usury defense. We found no regulator actions against Libertas.

Where Is Libertas Funding Located? Libertas Funding is based at 411 W. Putnam Ave, Suite 220, Greenwich, Connecticut 06830. Its team works Monday to Friday, 9 a.m. to 6 p.m. Eastern, and can be reached at 800-704-8675. Its products are offered only to businesses located in the United States.

Does Libertas Funding Offer Loans or Merchant Cash Advances? Both. Its main product is revenue-based financing, structured as a purchase of future receipts, which is a merchant cash advance. It also offers business term loans with a fixed maturity date, which WebBank issues. Pricing for both is quoted per deal.

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.