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 · Rating from CreditDoc methodology
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 quick approval 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.
Yes. Advance Cash Funding NY | RBM Funding Solutions is a registered company, headquartered in New York, NY.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Best 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.
Best for: 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
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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 must 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 cheapest 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 fastest way 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.
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