Fenix Capital Funding Reviews and Complaints: The Record

Fenix describes itself as a "direct funding company." Its website lists two programs.

Its stated requirements are a FICO score of 500 or more, at least 9 months in business, no more than 4 existing positions, no more than 3 negative days a month, and no open bankruptcies or tax liens over $150,000. The site also offers renewals as early as six weeks after funding and "add-ons" if the merchant has not taken funding elsewhere. It says its team has "funded well over $60 million." These are the company's figures, and we have not verified them.

Fenix also recruits brokers. Its partner page tells independent sales organizations it offers "strong 2nd and 3rd positions," same-day approvals and weekly commissions.

The consolidation program deserves a close look. As the site describes it, Fenix funds the merchant by weekly ACH while it takes its own payment daily. We would call that structure reverse consolidation (Fenix's site does not use the term): your total daily payment falls at first, but you are taking on a new advance with its own cost to cover the old ones. Our explainer on MCA reverse consolidation walks through the math.

One of the two complaints is displayed. Filed 06/04/2024, it alleges that the company sold the customer's banking information, forced the business into default and harassed family members, vendors and employees, and it describes the rate as over 200 percent. In its 06/18/2024 response, the company denied selling customer data and denied forcing a default, and said it is a merchant cash advance provider that does not issue or originate loans. The BBB does not decide who is right, and neither do we.

A bankruptcy adversary proceeding is a lawsuit inside a bankruptcy case. When a small business files for bankruptcy, the debtor or the trustee can sue a funder in that court, often to recover payments made before the filing or to challenge the funder's claim. Federal docket listings show six adversary proceedings naming Fenix Capital Funding as the defendant:

The listings do not state the claims, and we have not read the complaints, so we cannot tell you what each plaintiff alleged. The Trades by Taylor and Katomka dockets are marked terminated; the listings do not show how any of the cases ended. Allegations are not findings.

DreamTeam Development, LLC v. Fenix Capital Funding, LLC. DreamTeam Development, LLC and Jason C. Sheppard filed a "civil complaint and demand for damages and injunctive relief" against Fenix in the Southern District of New York on November 4, 2025 (No. 1:25-cv-09226). The docket classifies it as a contract case. By an order dated April 2, 2026, the court transferred it to the Eastern District of New York, where it is No. 1:26-cv-01894, and a verified first amended complaint demanding a jury trial was filed there on April 21, 2026. This is one case that appears under two docket numbers, not two suits. It was open on the docket when we checked.

The Texas appeal. Akamai 5280 Tax Professionals, LLC, Upstream Tax Partners, JJM Holdings, Inc. and Jonathan Moranchel appealed a judgment signed December 30, 2022 by the 295th District Court of Harris County, Texas (Cause No. 2022-83002), in a case in which Fenix Capital Funding was the opposing party (Fourteenth Court of Appeals, No. 14-23-00454-CV). In their December 7, 2023 motion to dismiss their own appeal, the appellants said the appeal had sought to reverse a judgment rendered against them where they had alleged they did not receive notice of the underlying proceeding, and that the appeal had become moot because the trial court granted a bill of review in a separate case, No. 2023-67888. The court granted the motion and dismissed the appeal on December 19, 2023. The appellate court did not rule on the merits. A bill of review is the Texas procedure for challenging a judgment after the usual deadlines have passed. For more on how out-of-state MCA judgments and Texas law interact, see our page on MCA debt relief in Texas.

A CourtListener search finds "Fenix Capital Funding" in the text of 38 federal dockets, including the suits above. Most of the rest are bankruptcy cases filed by businesses and individuals from 2021 to 2026, including Star Natural Meats 1 Inc. and Old Fashion Butcher Shop Inc. in the Eastern District of New York, three Indochine restaurant entities in the Eastern District of North Carolina, a childcare business in Illinois and a waterproofing company in Washington. The pattern shows that Fenix advances turn up in a number of bankruptcy cases; it does not show wrongdoing.

Fenix is built for businesses other funders have already funded. Its MCA program accepts merchants with up to four existing positions, and its partner page markets second and third positions to brokers. A late-position advance is usually the most expensive money a business can take, because it is priced for the risk of the advances ahead of it, and every new position adds a daily debit to the ones you already have. Before you sign, compare the total payback with the cash you will actually receive after any payoff of other funders, ask how often the payment is debited, and ask in writing whether it can be adjusted if revenue drops. Our page on MCA stacking explains how stacked positions work.

1. Collect every agreement, renewal and add-on you signed with Fenix, and any consolidation agreement, with the payment history for each.
2. Check for a personal guaranty, an adjustment or reconciliation clause, and a confession of judgment.
3. Ask in writing for a payment adjustment if your agreement provides one. Our explainer on MCA reconciliation covers what to look for.
4. Blocking debits or moving your account can be treated as a default under many agreements; check your contract before acting. Our guide on stopping daily MCA payments explains the risks.
5. Check your paperwork and court notices for deadlines.
6. If you are weighing bankruptcy, read MCA settlement vs. bankruptcy first.

If you are behind or close to it, talk to Business Debt Adjusters about your agreements before you miss a payment.

• Fenix Capital Funding, LLC, Better Business Bureau profile, read October 23, 2026.
• Fenix Capital Funding, LLC business details, Better Business Bureau, read October 23, 2026.
• Fenix Capital Funding, LLC complaints, Better Business Bureau, read October 23, 2026.
• Fenix Capital Funding, LLC, DOS ID 6309388, New York Department of State, Active Corporations dataset, read October 23, 2026.
• What We Do, Partner With Us, Contact and home page, company website.
• DreamTeam Development, LLC v. Fenix Capital Funding, LLC, No. 1:25-cv-09226 (S.D.N.Y.) and No. 1:26-cv-01894 (E.D.N.Y.), docket listings.
• Akamai 5280 Tax Professionals, LLC, et al. v. Fenix Capital Funding LLC, No. 14-23-00454-CV, Fourteenth Court of Appeals of Texas, case page with motion to dismiss and memorandum opinion; also on CourtListener.
• Trades by Taylor LLC v. Fenix Capital Funding, LLC, Adv. No. 23-80023 (Bankr. N.D. Ala.), docket listing.
• Katomka Enterprises, LLC v. Fenix Capital Funding, LLC, Adv. No. 24-03061 (Bankr. N.D. Ohio), docket listing.
• Hils v. Fenix Capital Funding, LLC, Adv. No. 25-03036 (Bankr. D. Or.), docket listing.
• MYA POS Services, LLC v. Fenix Capital Funding, LLC, Adv. No. 25-01008 (Bankr. D.N.H.), docket listing.
• Lanik, Trustee v. Fenix Capital Funding, LLC, Adv. No. 25-06009 (Bankr. M.D.N.C.), docket listing.
• Cafe Chinois, LLC v. Fenix Capital Funding, LLC, Adv. No. 26-00044 (Bankr. E.D.N.C.), docket listing.
• CourtListener RECAP search for "Fenix Capital Funding", run October 23, 2026.