Is Advance Funds Network legit?
Yes, Advance Funds Network is a legitimate business loans marketplace and direct lender founded in 2008. It’s headquartered in Brooklyn, New York, but also has locations in New Jersey, Florida, Chicago and Toronto, Canada.
What makes Advance Funds Network shine?
Advance Funds Network stands out by offering excellent customer service. It’s highly rated on Trustpilot, with 97% of customers giving it a 5-star rating. AFN clients regularly refer to their loan specialists by name and express great satisfaction with their service. We even gave them a call a couple of times ourselves, and the people we spoke to were courteous and knowledgeable and answered all our questions without giving a hard sell.
AFN also provides business financing of up to $5 million, which is higher than that of many online lenders. Plus, it offers a variety of financing options to choose from, including term loans, lines of credit, MCAs, equipment financing, working capital loans and debt consolidation. The company accepts borrowers of all credit types, although some loan types may have minimum score requirements.
Where Advance Funds Network falls short
You’ll need at least $15,000 in average monthly revenues — or $180,000 a year — to qualify for financing with AFN. This amount is on the high side compared to some online lenders that accept as low as $8,000 to $10,000 a month. And some of its loan options, like term loans and lines of credit, state that you’ll need annual revenue of $400,000 or more to qualify.
It’s also not transparent on its website about rates, fees and loan terms. But if you give them a call, they seem to be willing to answer most of your questions before you apply. Furthermore, keep in mind that some loan options require a hard credit check to prequalify.
Advance Funds Network business loan details
| Minimum credit score/credit range | No minimum requirement |
| APR | Varies by lender, starting around 15% |
| Loan amount | $10,000 to $5 million |
| Terms | Varies by lender (3 to 36 months) |
| Approval turnaround | As soon as the same day |
| Availability | Available in all states and throughout Canada |
| Fees | Varies by lender and loan type |
Advance Funds Network contact info
| Phone number | 866-480-2611 |
| Customer service hours | Open 24 hours |
| sales@afnllc.com | |
| X ,formerly Twitter | @AdvanceFunds |
| Advance Funds Network |
How to qualify for Advance Funds Network
These are the minimum requirements to qualify for business loans with Advance Funds Network.
- At least 3 months in business
- $15,000 in monthly revenue
- 3 months of business bank statements
There’s no mandatory credit requirement to apply, but some loan options may have minimum credit requirements to qualify.
How to apply
Here’s how to apply with AFN:
- Fill out the online application. It only takes a couple of minutes to fill out a few details about your business and financing needs.
- Review loan options. If you prequalify, you’ll typically be presented with several financing options, which you can go over with a funding specialist.
- Choose an offer. If you decide to formally proceed, some financing options may require a hard credit check.
- Get funded. AFN advertises that funding is possible as soon as the same day you apply.
How Advance Funds Network compares to other lenders
Compare other products
We currently don’t have that product, but here are others to consider:
How we picked these
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you’re comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Read the full Finder Score breakdown
Advance Funds Network reviews and complaints
| BBB accredited |
Yes |
|---|---|
| BBB rating |
A+ |
| Trustpilot Score |
4.9 out of 5 stars, based on 1,515 customer reviews |
| Customer reviews verified as of |
06 August 2025 |
Advance Funds Network gets high praise from reviewers on Trustpilot, with 97% of reviewers awarding it five stars. Customers applaud the professional and helpful representatives and a smooth and easy application process. Many also say they plan to use AFN when they need more funding down the road.
Advance Funds Network has no reviews on the Better Business Bureau (BBB) and only one complaint. The reviewer complained of excessive solicitation by the company even after requesting to be taken off its call list. AFN responded by saying they couldn’t find the person in its files and suggested someone may have been fraudulently using the company name.
What do people on Reddit say?
An affiliate of Advance Funds Network posted on Reddit a few months ago, with a link, offering business financing with same-day funding, low interest and no collateral. But there were no responses to the post.
