Mulligan Funding, LLC logo

Mulligan Funding, LLC in San Diego, CA

4.7/5
Google rating from 132 reviews

Mulligan Funding offers working capital and term loans up to $5M for established businesses with $750K+ annual revenue, same-day funding, human underwriters, A+ BBB rating, and 4.9/5 Trustpilot score.

Data compiled from public sources · Google rating shown when a stored review count is available

BBB: A+ Visit Website

Mulligan Funding, LLC Review

Mulligan Funding, LLC is a private, family-owned business lender based in San Diego, California that has been providing working capital to small and mid-sized businesses since 2008. The company has positioned itself as one of the largest providers of working capital in the alternative lending space, offering loan amounts up to $5 million — among the highest ceilings available from non-bank lenders.

The company offers two core products: working capital loans and small business term loans, both available up to $5 million with terms ranging from 3 to 24 months. Repayments are structured as daily or weekly ACH debits. Mulligan does not publish its rates or fee schedules, which limits upfront cost comparison. However, the company charges no prepayment penalties, and borrowers can request additional draws during the loan term — a flexibility feature most competitors do not offer.

What distinguishes Mulligan Funding from automated lending platforms is its use of human underwriters rather than algorithm-driven decisions. Every application is reviewed by a person, which the company says allows for more nuanced credit decisions. The minimum credit score requirement is 625 FICO, though the company states credit score is not the primary qualifying factor. Businesses must have at least six months of operating history and minimum annual revenue of $750,000, making this a product for established, profitable businesses rather than startups or micro-enterprises.

Mulligan Funding originates loans through FinWise Bank, a Utah-chartered FDIC-insured institution. This means the actual lending relationship is with FinWise, not Mulligan directly. There are no restrictions on how loan proceeds can be used, giving borrowers full flexibility. provider-stated funding timing is available for approved applications, and there is a maximum of one daily debit loan outstanding at any time.

The company maintains an A+ rating with the Better Business Bureau and a 4.9 out of 5.0 rating on Trustpilot, indicating strong customer satisfaction. For businesses that meet the $750K revenue threshold and need significant working capital quickly with personal service, Mulligan Funding offers a compelling alternative to automated online lenders.

For business owners exploring financing options, the landscape includes several distinct products. Small business loans provide lump-sum working capital with fixed repayment terms, while a business line of credit offers flexible revolving access to funds as needed. SBA loans through government-backed programs offer the lowest rates but require longer approval timelines. For businesses with outstanding invoices, invoice factoring converts receivables into short-term cash access flow. Equipment financing allows companies to acquire machinery and technology with the equipment itself as collateral. A merchant cash advance provides business-funding profile details by purchasing a share of future sales, though typically at higher effective costs. Startups and newer businesses may find working capital loan options through alternative lenders with lower qualification requirements than traditional banks.

Services & Features

Additional Draw Requests
Loan Renewal Programs
Small Business Term Loans (up to $5M)
Working Capital Loans (up to $5M)

Feature Checklist

Pros & Cons

Pros

  • Loan amounts up to $5M — among the highest ceilings in alternative lending
  • provider-stated funding timing available for approved applications
  • Human underwriters review every application instead of automated algorithms
  • No restrictions on how loan proceeds can be used
  • 4.9/5.0 Trustpilot rating with A+ BBB — high listed customer satisfaction
  • Can request additional draws during the loan term

Cons

  • $750K minimum annual revenue requirement excludes startups and small businesses
  • Business must be profitable to qualify — no funding for pre-profit companies
  • No rates or fee schedules published — impossible to compare costs upfront
  • Loans originated through FinWise Bank, not Mulligan directly
  • Maximum of one daily debit loan outstanding at any time

State Consumer Finance Context

This is state-level context for Business Loans consumers in San Diego, CA. It does not confirm that Mulligan Funding, LLC or this specific location is licensed.

State regulator

California Department of Financial Protection and Innovation (DFPI)

Consumer protection

California Attorney General Consumer Protection

Personal loan rules in California

Status: Permitted

Rate context: 10% APR for unlicensed lenders; licensed finance lenders can exceed usury cap for loans under $10,000; AB 539 (2020) caps APR at 36% plus federal funds rate for loans $2,500-$10,000

California Constitution Article XV sets 10% usury cap for general consumer loans. Licensed finance lenders under the California Financing Law (Cal. Fin. Code § 22000 et seq.) can charge rates above the constitutional usury limit for certain loan amounts.

Installment loan rules in California

Status: Permitted

Rate context: Governed by California Financing Law. Licensed lenders can exceed usury cap for loans under $10,000. AB 539 caps APR at 36% plus federal funds rate for loans $2,500-$10,000.

Installment loans regulated under Cal. Fin. Code § 22000 et seq. Installment Loan Law requires disclosure of finance charge, APR, payment schedule, and other terms. DFPI oversees licensing and enforcement.

Key state rules to check

  • Payday loans capped at $300 with maximum fee of $15 per $100 (459% APR equivalent).
  • The California Consumer Financial Protection Law grants DFPI broad enforcement authority.
  • Licensed finance lenders under the California Financing Law can charge rates above usury for loans under $10,000.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Mulligan Funding, LLC offer?

Mulligan Funding, LLC offers 4 services including Working Capital Loans (up to $5M), Small Business Term Loans (up to $5M), Loan Renewal Programs, Additional Draw Requests.

What profile signals are listed for Mulligan Funding, LLC?

Mulligan Funding, LLC has profile signals associated with Established businesses with $750K+ annual revenue needing large working capital, Borrowers who prefer human underwriting over automated decisions, Companies needing provider-stated funding timing with flexible use of proceeds, Businesses seeking high loan amounts up to $5M.

What are the strengths and weaknesses of Mulligan Funding, LLC?

Key strengths: Loan amounts up to $5M — among the highest ceilings in alternative lending; provider-stated funding timing available for approved applications; Human underwriters review every application instead of automated algorithms. Areas to consider: $750K minimum annual revenue requirement excludes startups and small businesses; Business must be profitable to qualify — no funding for pre-profit companies.

How does Mulligan Funding, LLC compare to similar companies?

In the Business Loans category, comparable providers include National Funding, OnDeck, Capdeck Business Loans. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Is Mulligan Funding, LLC accredited by the Better Business Bureau?

Mulligan Funding, LLC holds a A+ rating with the Better Business Bureau and is BBB-accredited.

Quick Facts

Founded
2008
Headquarters
San Diego, CA
BBB Rating
A+
BBB Accredited
Yes
Visit Mulligan Funding, LLC

CreditDoc Profile Note

Research Note on Mulligan Funding, LLC

Mulligan Funding is best suited for established small businesses with substantial annual revenue ($750K+) that need flexible working capital or term loans and can navigate the qualification requirements. The primary caveat is that speed and funding timeline claims carry qualifying asterisks throughout the website, and critical pricing/fee information is not disclosed publicly—requiring direct contact with a loan advisor to understand true costs.

Profile Signals

  • Established businesses with $750K+ annual revenue needing large working capital
  • Borrowers who prefer human underwriting over automated decisions
  • Companies needing provider-stated funding timing with flexible use of proceeds
  • Businesses seeking high loan amounts up to $5M
Updated 2026-04-29

Similar Companies

National Funding logo

National Funding

National Funding is a San Diego-based direct lender founded in 1999 that has provided over $4.5 billion to 75,000+ businesses, offering small business loans up to $500K and equipment financing up to $150K with 24-hour funding and no collateral required.

4.5/5

Google rating from 485 reviews

BBB: NR

Profile signals: Established small businesses needing fast $5K-$500K working capital without pledging collateral or facing prepayment penalties, Industry-specific businesses (construction, trucking, agriculture, medical) seeking equipment financing up to $150K with no down payment

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OnDeck logo

OnDeck

OnDeck is one of America's largest online small business lenders, a subsidiary of Enova International, offering term loans up to $400K and lines of credit up to $200K with provider-stated funding timing.

BBB: A+

Profile signals: Established small businesses (1+ year, $100K+ revenue, 625+ FICO) that need $5K-$400K fast and prioritize speed over lowest rate, Business owners who want unsecured revolving credit up to $200K with instant draws and no prepayment penalty

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C

Capdeck Business Loans

Review this provider profile and compare source-linked details before choosing what to do next.

BBB: NR
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Quick Summary

  • Mulligan Funding, LLC is listed as a Business Loans provider in San Diego, CA on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

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.

Why it matters

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.

Interest Rate

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.

Why it matters

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.

How Loans Work

Cosigner — Loan Cosigner

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.

Why it matters

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.

Loan Term (Tenor) — Loan Term / Tenor

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.

Why it matters

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.

Origination Fee — Loan Origination Fee

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.

Why it matters

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.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

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.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

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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