Approved Funding Group Reviews and Complaints: The Public Record

Three similarly named companies show up when business owners search for this name, and their records should not be mixed together.

The entity named in the first paragraph of your agreement, and the name that appears on your bank statement next to the debit, is the one that governs. If the agreement names a funder other than Approved Funding Group LLC, that funder is the company you owe, and its own record is the one to check.

The company's home page advertises small business funding from $15,000 up to $650,000. It describes the product as revenue-based financing: upfront capital provided in return for a fixed amount of the business's future revenue. That is the same structure as a merchant cash advance: the funder buys a fixed amount of future revenue and collects it through scheduled debits.

Other statements on the page:

• Pre-approval in minutes, and most deals fund within 24 hours once there is a firm approval and agreed terms.
• Personal credit is described as not a major factor. The application form asks for a credit range, time in business and last month's sales, and asks whether you would like information on credit repair.
• Funding terms are said to range from 12 months to 10 years, with final terms and fees set after underwriting.
• A footnote says the lowest rates are limited to the strongest borrowers, and that its other products carry an average rate of 25 percent simple interest and 32 percent APR. The page says the simple interest figure is calculated from total repayments over 52 weeks.
• The application consent language authorizes calls and texts by automated dialer or pre-recorded voice, including to numbers on a do not call list.

The privacy policy, effective 01/01/2026, names Approved Funding Group LLC as the operator of the site and says the company does not sell personal information.

Our reading of the rate statement: an average figure tells you nothing about your own deal. A 25 percent simple cost spread over 52 weeks is a very different product from the same dollar cost collected in 16 weeks of daily debits, and the annualized rate on the second is far higher. The only numbers that matter are the ones in your contract.

The BBB profile has one customer review, posted July 18, 2025 by a reviewer identified as Patrick W., rated one star. The reviewer called the company dishonest and wrote that the deal carried 336 percent interest, plus fees deducted from the loan. The BBB shows no business response. This is a single unverified review. We have not seen the reviewer's agreement and cannot say how the figure was calculated.

The gap between that figure and the website's 32 percent average APR is not necessarily a contradiction. Short-term revenue-based financing collected by daily or weekly debit can produce a very high annualized rate even when the total cost looks modest in dollars. It does show why a merchant should calculate the rate on their own agreement rather than rely on an advertised average.

Zero BBB complaints over a file open since 3/1/2021 means no one has used the BBB's formal complaint process in the last three years. It does not tell you what the money costs or what happens when a merchant falls behind. Business owners in revenue-based financing rarely file BBB complaints. When a dispute comes, it is usually handled through the contract and, if it escalates, in court.

A search of the CourtListener federal docket index on October 21, 2026 returned no case with Approved Funding Group LLC as a party, and our web searches for state court filings found none either. The search's only hit is a service list: Approved Funding Group LLC, at 10 Fairway Drive, Deerfield Beach, appears among the many parties mailed notice in the 2023 Chapter 15 case of NextPoint Financial Inc. in the Bankruptcy Court for the District of Delaware (case 23-10983). Being mailed notice does not make a company a party, and the filing says nothing about its business. We did not search every state court docket, so this is a statement about what we found, not a guarantee that no case exists. If you have been served with papers, the caption on those papers will tell you which company is suing and in which court.

No state or federal enforcement action against Approved Funding Group LLC turned up in the sources we checked.

Florida's Commercial Financing Disclosure Law applies to commercial financing transactions consummated on or after January 1, 2024. For covered deals, the provider must give a written disclosure at or before signing that states:

• the total amount of funds provided under the agreement;
• the amount actually disbursed, if fees, prior balances or third party payments reduce it;
• the total amount to be paid back to the provider;
• the total dollar cost, which is the difference between the two;
• the manner, frequency and amount of each payment, or how variable payments are calculated; and
• whether there are costs or discounts tied to paying early.

The law does not apply to transactions over $500,000, to deals secured by real property, or to a provider that closes no more than five commercial financing transactions in Florida in a 12-month period, among other exclusions. It also sets rules for brokers: a broker may not collect an advance fee from a business for broker services, and may not make false or misleading representations in offering its services. Unlike New York, Florida's statute does not require an APR on the disclosure, which is why the dollar figures matter so much.

If your business is in Florida and your agreement was signed on or after January 1, 2024, look for that disclosure in your file. If your business is run from New York, that state's rule at 23 NYCRR Part 600 may also apply and requires an estimated APR on sales-based financing offers of $2,500,000 or less. Whether either law applies to your deal depends on the facts, and that is a question for counsel.

• The exact company named as the funder. Approved Funding Group LLC is not Approved Funding Corp. and is not Approvd.
• The purchased amount, the total payback, the payment amount and frequency, and the balance still outstanding, taken from the payment history.
• Any fees taken out before the money reached your account, so you know the true amount disbursed.
• Whether a personal guaranty was signed, and which state's courts the agreement names for disputes.
• Whether the agreement has a reconciliation clause that lets you ask for lower payments when revenue drops, and what documents it requires.
• Whether a UCC financing statement was filed against the business, which you can check with the secured transaction filing office in your state.
• For a Florida business, whether the state disclosure is in the file. For a New York business, whether the APR disclosure is.

Do not stop the debits or move the operating account on your own. Under most agreements of this kind either step is defined as a default, and it is the event most likely to turn a payment problem into a lawsuit.

• Approved Funding Group LLC, BBB Business Profile, Better Business Bureau. Rating, accreditation status, management, addresses, phones, category, file, start and incorporation dates, read October 21, 2026.
• Approved Funding Group LLC, BBB Complaints, Better Business Bureau. Complaint count, read October 21, 2026.
• Approved Funding Group LLC, BBB Customer Reviews, Better Business Bureau. Review count, rating and content, read October 21, 2026.
• Approved Funding Group home page, company website. Funding range, product description, rate footnote, terms, timing and consent language, read October 21, 2026.
• Privacy Policy and Terms, company website, effective 01/01/2026. Legal name of the operator.
• Approved Funding Corp., entity details, Indiana Department of Financial Institutions. Mortgage lender license, address and issue date, read October 21, 2026.
• Approvd LLC, Trustpilot. Company name, address and self-description, read October 21, 2026.
• CourtListener federal docket search for "Approved Funding Group", run October 21, 2026.
• NextPoint Financial Inc., Exhibit D-1 to Doc. 46, service list, CourtListener, U.S. Bankruptcy Court for the District of Delaware, case 23-10983, filed August 4, 2023.
• Approved Funding Group LLC, document L17000119242, Florida Department of State, Division of Corporations. Entity type, status and filing date, read October 21, 2026.
• Florida Statutes section 559.9611, Definitions, The Florida Senate.
• Florida Statutes section 559.9612, Scope, The Florida Senate.
• Florida Statutes section 559.9613, Disclosures, The Florida Senate.
• Florida Statutes section 559.9614, Prohibited acts, The Florida Senate.
• 23 NYCRR Part 600, Disclosure requirements for commercial financing, New York State Department of Financial Services, final regulation text.