Short answer
Select Funding holds an A plus rating with the Better Business Bureau and has 0 complaints on file. It is also not a BBB accredited business, which several third party summaries get wrong. The most useful line on its BBB profile is neither the rating nor the complaint count. It is the alternate names field, which lists Oak Capital Group Inc., because merchants routinely cannot tell whether the company debiting their account is the one they signed with.
This page summarizes what the public record shows as of September 22, 2026. Rating, accreditation status, alternate names, incorporation dates and complaint counts were read directly from the company's Better Business Bureau profile. No state or federal enforcement action against Select Funding could be located.
A correction before the record
Several third party review sites describe Select Funding as a BBB accredited business. The BBB profile states the opposite, in bold, in two places: Select Funding is not a BBB accredited business.
We are flagging this rather than quietly writing around it, because it is the kind of detail a business owner uses to decide whether to sign. Where a rating or an accreditation status appears on this page, it comes from the issuing body rather than from a site summarising it.
What the record shows
BBB rating:
A plus.
Accreditation:
not a BBB accredited business.
Complaints:
0 complaints.
BBB file opened:
12/17/2013.
Business started:
1/1/2009.
Business incorporated:
3/5/2014.
Years in business:
17.
Type of entity:
Limited Liability Company.
Alternate names:
Oak Capital Group Inc. and Select Funding LLC.
Location:
1014 S Westlake Blvd, Westlake Village, California.
Category:
listed by the BBB under Small Business Loans.
Enforcement:
no state or federal action located.
This is an unusually clean record and it deserves to be reported as one. Zero complaints is zero complaints, and unlike most profiles in this industry the number is not an artefact of a file opened last year.
Why an A plus without accreditation is worth more, not less
Most profiles in this sector invite the opposite caution. A business pays for accreditation, passes vetting, and the badge arrives recently enough that the clean complaint history behind it covers months rather than years.
Here the position is reversed, and it is worth understanding why the two things are separate.
A BBB rating is calculated by the BBB from factors including complaint history, time in business and transparency of business practices. The BBB assigns it whether or not the business participates. Accreditation is different: a business applies for it, pays for it, and must agree to the BBB Standards for Trust.
The practical consequence is that a company can hold a high rating without ever having sought accreditation, and that is what this profile shows. The rating was not bought. The complaint record behind it was compiled over a file open since 12/17/2013, which is more than twelve years.
The two dates that do not match
The profile gives a business start date of 1/1/2009 and an incorporation date of 3/5/2014, with alternate names including Oak Capital Group Inc.
A gap like that is common and it is not by itself a warning sign. Businesses restructure, rebrand, convert from one entity type to another, or trade under a name for years before the current legal entity is formed.
It matters for one narrow reason. The entity that signed your agreement is a specific legal person, and it may not be the one that was trading in 2009, and it may not be the name printed at the top of your document. If you are trying to establish who can enforce against you, or who you would be negotiating with, the answer is in the agreement and on your bank statement rather than on the website.
What a zero complaint record does not tell you
Two limitations cut in opposite directions and both belong on the page.
The record is good. There is no enforcement action, no consent order, and no complaint history. Treating this company as though it were one with a state action against it would be dishonest, and this page is not going to do that.
What the record does not measure is affordability. Complaint counts tell you how often customers escalate and how a company responds when they do. They tell you nothing about whether a fixed debit schedule fits the deposits of your particular business. Those are separate questions, and a well run funder can still write financing that a business cannot carry through a slow quarter.
One important limitation on our own sourcing applies too. The BBB lists this business under Small Business Loans. Where the sections below describe how a purchase of future receivables works, that is a description of the product category and of what to check in your own paperwork, not an assertion about the specific terms this company offered you. The figures that govern your position are the ones in your contract.
If your financing was offered in California, you may be owed a disclosure
This is the most actionable thing on this page and most merchants have never heard of it.
California enacted SB 1235 in 2018, and the Department of Financial Protection and Innovation's commercial financing disclosure regulations took effect on December 9, 2022. The regulations cover providers of commercial financing to small businesses, and the products in scope include merchant cash advances alongside installment loans, open end credit and factoring.
Where they apply, the provider must give the recipient a standardised disclosure before the transaction is completed. The required fields include the amount of funding the business will actually receive, the annual percentage rate calculated for the transaction, the payment amount where there is one, the term, the prepayment policy, and, for products without a monthly payment, an average monthly cost.
The annual percentage rate line is the significant one. Advances are ordinarily written with a factor rate and no interest rate at all, which is what makes them so difficult to compare against anything else. A disclosure that states an annual percentage rate converts the cost into a number you can hold against every other offer you have.
Two limitations. The regulations apply to financing offered in California on or after December 9, 2022, so an older agreement or one originated elsewhere may be outside them. And a disclosure is not a protection against an unaffordable payment. It is evidence, and it is worth locating in your file before any conversation about restructuring.
What to establish from your own paperwork
Which entity is named in the agreement.
Read the first paragraph rather than the letterhead, and check it against Oak Capital Group Inc. and Select Funding LLC as well.
What the bank statement says.
The description on the debit identifies who is actually taking the money, which is the single most reliable indicator you have.
Whether you received a California disclosure.
If the financing was offered in California on or after December 9, 2022, look for it and keep it.
Purchase price against purchased amount.
If your agreement is a purchase of receivables, the gap between the two is the entire cost, and there will be no interest rate.
The debit measured against your slowest month.
Not your average month.
What the reconciliation or adjustment clause requires.
What you may request if revenue falls, what documentation it demands, and how fast.
Whether a UCC filing sits against the business.
Search your state's UCC system under the business name.
Frequently asked questions
Is Select Funding BBB accredited?
No. Its Better Business Bureau profile states plainly that Select Funding is not a BBB accredited business. It does carry a BBB rating of A plus. Several third party summaries describe the company as accredited, and that does not match what the BBB profile itself says.
How can a business have an A plus rating without being accredited?
The two are separate things. A BBB rating is calculated by the BBB from factors including complaint history, time in business and transparency, and it is assigned whether or not the business participates. Accreditation is applied for and paid for, and requires agreeing to the BBB Standards for Trust. A company can therefore hold a high rating without ever having sought accreditation.
How many complaints does Select Funding have?
The BBB complaints page records 0 complaints. The BBB file was opened on 12/17/2013, so that zero covers a reporting window of more than twelve years, which gives it considerably more weight than a zero at a business whose file was opened recently.
What other names does Select Funding use?
The BBB profile lists Oak Capital Group Inc. and Select Funding LLC as alternate names. Check the first paragraph of your agreement and the description on your bank statement against all three, because the entity that debits your account is the one that matters.
Am I entitled to a disclosure on California commercial financing?
If your financing was offered in California on or after December 9, 2022, probably yes. The Department of Financial Protection and Innovation's commercial financing disclosure regulations took effect on that date under SB 1235, and they cover merchant cash advances as well as loans and factoring. Providers must disclose the funding amount, the annual percentage rate, the term, the prepayment policy and, for products with no monthly payment, an average monthly cost.
What should I do if the payments are unaffordable?
Establish four things from your own paperwork before contacting anyone: the exact entity named in the agreement, the amount still outstanding, what the reconciliation or adjustment clause entitles you to request and what documentation it demands, and whether a UCC filing sits against the business. Do not block the debits or move the bank account, because both are typically defined as breach.
If the payments are the problem
If a Select Funding debit is taking more out of the account than the business reliably produces, the rating on the profile is not the relevant fact and neither is the complaint count. What matters is which entity is named in your agreement, the balance still outstanding, what your reconciliation clause entitles you to request, whether a California disclosure exists in your file, and whether anything is filed against the business. A funder with a clean record is generally easier to have a commercial conversation with, and that conversation goes considerably better while debits are still clearing than after an account starts returning them.
Sources
- Select Funding, BBB Business Profile, BBB of Los Angeles and Silicon Valley. Rating, accreditation status, alternate names and incorporation dates, read September 22, 2026.
- Select Funding, BBB Complaints, Better Business Bureau. Complaint count, read September 22, 2026.
- Commercial Financing Disclosure Regulations approved, effective December 9, 2022, California Department of Financial Protection and Innovation, press release.
- SB 1235, Commercial financing: disclosures, California Legislative Information, bill text.
