Business funding provider offering small business loans, merchant cash advances, lines of credit, and payment processing solutions with streamlined approval processes.
Data compiled from public sources · Google rating shown when a stored review count is available
Advance Funding Solutions (also marketed as RBM Funding Solutions) is a business development firm that positions itself as an alternative to traditional bank financing for small business owners. The company was established with the stated goal of helping business owners sustain growth through affordable funding products, emphasizing application-timing claims and minimal paperwork compared to conventional banks.
The company offers multiple product lines including flexible small business loans, revenue-based financing (merchant cash advances), business lines of credit, equipment financing/leasing, SBA loans, factoring, commercial real estate loans, business credit cards, and merchant credit card processing services. According to their website, they evaluate borrowers primarily on business cash flow and performance rather than credit scores, accepting applicants with less-than-perfect credit. Their flagship loan product features fixed interest rates and fixed payments.
Advance Funding Solutions distinguishes itself through its stated commitment to rapid funding, customized product packaging, and reduced documentation requirements. The company also operates as a direct settlement institution for merchant services, positioning credit card processing as a value-oriented alternative to traditional processors. Importantly, the company discloses that it is not a direct capital provider for revenue-based finance products; instead, these and other offerings may be sourced through unaffiliated third parties.
While the company presents itself as a small business solution provider, potential borrowers should note the reliance on third-party funding sources for many products, the variability of terms by state, and the lack of specific rate or fee transparency on the public website. The revenue-based financing model (merchant cash advances) involves purchasing future credit card receivables at a discount, which can result in significantly higher effective costs than traditional loans.
This is state-level context for Business Loans consumers in New York, NY. It does not confirm that Advance Cash Funding NY | RBM Funding Solutions or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Status: Permitted
Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types
Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.
Status: Permitted
Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law
Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Advance Cash Funding NY | RBM Funding Solutions offers 10 services including Flexible small business loans with fixed rates and payments, Revenue-based financing/merchant cash advances based on future credit card receivables, Business lines of credit with draw-as-needed functionality, Equipment financing and leasing, SBA loans, and 5 more.
Advance Cash Funding NY | RBM Funding Solutions has profile signals associated with Small business owners with inconsistent credit history but strong cash flow, Merchants accepting credit card payments who need quick capital access, Business owners seeking streamlined approval compared to traditional bank underwriting, Companies needing multiple services (funding plus credit card processing) from one provider.
Key strengths: Accepts businesses with less-than-perfect credit; evaluates primarily on cash flow rather than credit score; Fixed interest rates and fixed payments on their small business loan products; Streamlined approval process with reduced paperwork requirements compared to traditional banks. Areas to consider: Not a direct capital provider for revenue-based finance products; relies on unaffiliated third-party lenders for many offerings; Merchant cash advance model purchases future credit card receipts at a discount, which can result in effective rates significantly higher than stated rates.
In the Business Loans category, comparable providers include Hebrew Free Loan Society Inc, Independence Home Loans, Loan For Any Purpose. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
profile signals for small business owners with established cash flow but limited access to traditional bank credit who need quick funding and can accept the streamlined approval process. Primary caveat: many products are sourced through third-party lenders rather than provided directly, rates are not transparently disclosed, and merchant cash advances carry significantly higher effective costs than traditional term loans despite the discount-purchase structure.
Non-profit lender offering interest-free loans up to $7,500 to lower-income New Yorkers since 1892, with a 99.9% repayment rate.
Google rating from 38 reviews
Profile signals: Lower-income New York City residents facing financial emergencies who cannot access traditional bank credit, Small business owners in the NYC area needing capital without high-interest debt
Independence Home Loans LLC is a mortgage lender offering home purchase, refinance, and VA loan services with a focus on personalized client communication and educational support.
Google rating from 56 reviews
Profile signals: Veterans and active military service members seeking VA loans or purchase assistance, First-time homebuyers requiring educational guidance and personalized support
Loan For Any Purpose Houston, TX — Multi-product lender offering personal loans up to $50K, title loans, installment loans, and payday advances with sam...
Google rating from 378 reviews
Profile signals: Borrowers with poor or bad credit seeking emergency cash ($250–$1,000) quickly, Vehicle owners needing larger amounts ($1,000–$50,000) willing to pledge title as collateral
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Learn exactly how credit score tiers work, what range you fall into, and the specific steps to move up to the next tier where better rates and approvals wait.
Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
Affiliate Disclosure: CreditDoc may earn a commission when you click links to Advance Cash Funding NY | RBM Funding Solutions and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.