Overview
Advance Funds Network, founded in 2007, specializes in providing business funding solutions through a broad network of lenders. It is not a direct lender but facilitates matches between business owners and suitable funding sources. The company emphasizes fast and flexible financing, serving all 50 U.S. states.
AFN's key strength lies in its product diversity and accessibility. Whether businesses seek merchant cash advances, working capital, or equipment financing, AFN simplifies the process by providing a single point of access to multiple loan types.
Pros & Cons
Pros
- Multiple funding types, including MCA & term loans
- Fast approval & potential same-day funding
- Serves clients in all 50 U.S. states
- No upfront fees to apply
Cons
Why Advance Funds Network Is Good For Your Business
AFN is especially well-suited for business owners who need funds quickly or who may have been turned away by traditional banks due to credit or time-in-business constraints. The platform is optimized for speed and flexibility, with applications that can be approved and funded within hours.
The absence of application fees and the lenient credit requirements make it accessible for younger businesses or those facing cash flow challenges. Furthermore, the wide range of products, including merchant cash advances, lines of credit, and working capital loans, means business owners can find solutions tailored to their short- or long-term goals.
Loan Features
AFN’s offerings are designed to support both immediate and strategic funding needs:
- Merchant Cash Advance (MCA): Access upfront funds in exchange for future credit card sales.
- Business Term Loans: Receive a lump sum repaid over time with fixed terms.
- Lines of Credit: Flexible funds you can draw from as needed.
- Equipment Financing: Finance or lease business equipment.
- Working Capital Loans: Meet day-to-day cash flow needs.
- Business Debt Consolidation: Combine your existing business debts into a single payment.
Application Process
The process begins with a simple online form on the AFN website. Applicants provide basic business information, including monthly revenue, time in business, and funding needs. Once submitted:
- AFN connects the business with potential lending partners.
- If qualified, the applicant may receive offers within a matter of hours.
- Upon choosing an offer, funding can be disbursed within the same business day.
No upfront fees are required, and credit requirements vary depending on the type of funding.
How Much Can You Borrow?
AFN’s lending partners offer a wide range of loan amounts:
- From $10,000 up to $3,000,000 depending on revenue and creditworthiness
- Businesses typically must show 12+ months of operation and consistent revenue
- Rates and terms vary and should be reviewed per offer
Repayment Terms
Repayment depends on the product selected and the matched lender. Generally:
- Merchant cash advances are repaid through a fixed percentage of daily card sales.
- Term loans have set repayment periods (months to years).
- Lines of credit allow flexible withdrawals and repayments.
Interest rates (APR) are not posted on the site and vary by provider, making it crucial to compare offers thoroughly.
Privacy and Security
AFN utilizes SSL encryption to safeguard user data throughout the application. Sensitive information, such as business details and revenue metrics, is only shared with relevant lending partners. The company does not sell information to third parties outside of its lending network.
Help & Support
Advance Funds Network provides:
- Phone support: (888) 310-3110
- Email: info@advancefundsnetwork.com
- Live Chat: Available on the website
- Contact Form: Available on the website
Support is available during standard business hours, Monday through Friday, from 9:00 a.m. to 6:00 p.m. EST.
