Short answer
Premium Merchant Funding is a New York small business financing company at 55 Water Street. It markets merchant cash advances, term loans, SBA loans and other products, and its BBB-listed entity, Premium Merchant Funding One, LLC, has an A rating, BBB accreditation since 3/2/2016 and 36 complaints in three years.
Premium Merchant Funding reviews and complaints cluster around two themes: unwanted calls, texts and emails, and owners who say they expected an SBA loan and were steered toward merchant cash advances.
The court record adds at least 13 federal phone-call suits since 2019 and two racketeering suits by a California merchant, PEB, Inc., whose allegations are unproven. If you signed with this company, the first thing to establish is which of its several entities is on your contract.
By the Business Debt Adjusters research desk. Reviewed October 21, 2026. Sources for the ratings, filings and complaint records cited on this page are linked inline and listed below. If you can show us a record that contradicts anything here, call (877) 817-0404 and we will correct it.
This page summarizes what the public record shows as of October 21, 2026. The rating, accreditation, dates, management and complaint counts were read directly from the company's Better Business Bureau profile and complaints page.
The court records come from federal docket listings on CourtListener and from the complaint filed in PEB, Inc. v. Premium Merchant Funding 18, LLC. Product terms come from the company's own website.
We did not find a state or federal regulator action against the company in our searches, which is not proof that none exists.
One brand, several entities
"Premium Merchant Funding" is a brand used by several limited liability companies, and they play different roles in the court record:
Premium Merchant Funding One, LLC
is the entity on the BBB profile and on the BBB seal on the company's website, pmfus.com (premiummerchantfunding.com redirects there). It is the defendant named in the phone-call suits listed below.
Premium Merchant Funding 26, LLC
appears as the funder or plaintiff in merchant agreement disputes. It sued Sonata Construction LLC in federal court in New York in 2025, and PEB, Inc. alleges it was the counterparty on ten merchant agreements.
Premium Merchant Funding 18, LLC
appears as the plaintiff in a 2024 federal suit that the docket lists as a fraud case with a RICO cause of action, and as a defendant in several bankruptcy adversary proceedings. PEB, Inc. alleges it acted as PEB's paid consultant and broker.
Premium Merchant Funding LLC
appears without a number as the defendant in a 2026 wage case.
The PEB complaint alleges that these entities share an office at 55 Water Street, 50th Floor, a website and management. That is an allegation, not a finding. For your purposes the test is simple: the entity named in the first paragraph of your agreement, and on any consulting or broker agreement you signed, is the one that governs.
What the record shows
BBB-listed name:
Premium Merchant Funding One, LLC.
BBB rating:
A.
Accreditation:
BBB accredited since 3/2/2016.
Complaints:
36 in the last three years, 7 in the last 12 months.
Customer reviews on BBB:
48.
BBB file opened:
1/20/2016.
Business started and incorporated:
8/20/2014.
Type of entity:
Limited liability company.
Management listed on the BBB profile:
Abe Burger, COO, and Elie Goldshan, Principal.
Location:
55 Water St Fl 50, New York, New York 10041.
Trustpilot:
TrustScore 2.0 on 65 reviews, 61 percent one star and 37 percent five star, read October 21, 2026.
What the company says it sells
The home page lists merchant cash advances, lines of credit, equipment financing, term loans, factoring, purchase order financing, SBA loans and mortgage financing, plus non-lending services such as card processing and bookkeeping. It advertises "Unsecured funding up to $20,000,000" and "funding in 48 hours," and lists "$1B in merchant cash advances funded" as a 2022 milestone. These are the company's figures. We have not verified them.
The merchant cash advance page states amounts from $2,000 to $2,000,000, terms from 30 days to 24 months, and payments that can be daily, weekly, bi-weekly or monthly by ACH debit or card processing holdback. It gives a factor rate range of 15% to 49% and says the advance "is at a fixed rate, not an APR." The site footer reads "Loans made or arranged pursuant to a California Financing Law license, License # 60DBO 67237."
Our reading: the word "arranged" matters. The company's own BBB responses refer to other lenders. In a November 2025 response to a merchant who said the company had connected it with "partner lenders," it said "We have no control over" the lenders involved.
In an October 2026 response, it said a merchant's financial information may have been sent to lenders to provide a quote. So a merchant who applied through Premium Merchant Funding may have signed with Premium Merchant Funding 26, with an unrelated funder, or with both. Check every agreement.
What the complaints say
This section reports what complaints say. None of it has been verified by the BBB or by us. Of the 36 BBB complaints, 13 are classified as service or repair issues, 12 as product issues and 7 as order issues. The ten displayed on the public page fall into two groups.
Unwanted contact. Most of the displayed complaints are from people who say they received repeated calls, texts or emails about funding. Some say this continued after they asked to be removed, and some say it referred to applications they never made.
One person said their file was shared with many unaffiliated lenders who then called their personal phone. In most of these, the company responded by adding the number or email to its do-not-contact list.
In one June 2026 response, it apologized and said an earlier removal request had not been properly submitted.
SBA loan expected, merchant cash advance received. Two complaints, from August and November 2025, say the business was seeking an SBA loan through the company and was put into merchant cash advances instead.
The November complaint describes daily withdrawals. In its November 2025 response, the company said the SBA application was still open and pending, that the business had asked for financing available sooner than the SBA loan and was then told about the merchant cash advance product, and that it had "no control over" the lenders involved.
Our reading: the BBB file looks like the record of a high-volume sales operation. The phone-call suits below concern the same kind of outreach, though they are allegations, not findings.
The court record
Phone-call suits
CourtListener docket listings show at least 13 federal suits since 2019 naming Premium Merchant Funding One, LLC where the listed cause is the Telephone Consumer Protection Act. They include Hardin (C.D. Cal., 2019), Shelton (E.D. Pa., 2022), Callier and Salaiz (W.D. Tex., 2022), Harris and Jewett (S.D.N.Y., 2023), Cardenas (S.D.N.Y., 2024), Weingrad (E.D. Pa., 2024), Story (W.D. Wash., 2025) and Redick (E.D. Cal., 2025).
We checked the docket entries in two of them, and neither ended with a ruling on the merits. A stipulation of dismissal was filed in Weingrad on April 7, 2026.
In Redick, after a notice of voluntary dismissal, the clerk was directed on January 27, 2026 to close the case under Rule 41(a)(1). We are not asserting how the other suits were resolved.
PEB, Inc.: two racketeering suits
Apart from the court's July 1, 2025 order described below, everything in this section is an allegation by PEB, Inc., a California corporation. None of it has been proven.
In PEB, Inc. v. Premium Merchant Funding 26, LLC (S.D.N.Y., No. 1:24-cv-08791, filed November 19, 2024, Judge Lewis J. Liman), PEB brought claims under the Racketeer Influenced and Corrupt Organizations Act against Premium Merchant Funding 26 and three individuals that PEB describes as its employees.
The docket shows that on July 1, 2025 the court granted the defendants' motion to compel arbitration and stayed the case. The court did not rule on PEB's claims. PEB says it filed an arbitration with the American Arbitration Association on December 29, 2025, and that the arbitration is pending.
On October 2, 2026, PEB filed a second suit, PEB, Inc. v. Premium Merchant Funding 18, LLC (S.D.N.Y., No. 1:26-cv-08712), against Premium Merchant Funding 18, Premium Merchant Funding One, Abe Burger and Elie Golshan. The BBB profile lists Abe Burger as COO and an Elie Goldshan as principal. The complaint alleges that:
- PEB paid Premium Merchant Funding 18 $50,000 under a September 15, 2023 consulting agreement to advise it and negotiate on its behalf;
- Premium Merchant Funding 26 then entered into at least ten merchant agreements with PEB between October 13, 2023 and January 22, 2024;
- those agreements were loans in substance, with implied interest rates "as high as 268%" on their face, and PMF 26 received about $2.7 million in what PEB calls usurious interest;
- later agreements were largely used to pay off earlier ones, so PEB received little new working capital; and
- other lenders paid the PMF entities undisclosed referral compensation.
The complaint also says Premium Merchant Funding 18 classified itself as a "Mortgage and Nonmortgage Loan Brokers" business in a March 2026 Connecticut annual report. We are not asserting that any of these allegations is true.
Premium Merchant Funding as plaintiff, and in bankruptcy
The PMF entities also sue. Premium Merchant Funding 18, LLC v. Honan (S.D.N.Y., No. 1:24-cv-01199, filed February 16, 2024) is listed as a fraud case with a RICO cause of action. Premium Merchant Funding 26, LLC v. Sonata Construction LLC (S.D.N.Y., No. 7:25-cv-01086, filed February 6, 2025) is a contract case whose parties include an individual, George Atala.
In our experience an individual named alongside a business in a funder's contract suit is usually a guarantor, but the listing does not say so. The entities also appear in bankruptcy court.
Merchants, trustees or creditor committees have filed adversary proceedings against them, including JLK Construction (W.D. Mo., 2023), Zeroholding (N.D. Ga., 2023), Dentistry by Design (E.D.N.Y., 2025) and Resident Research (W.D.N.C., 2026).
The docket codes for several of these list fraudulent transfer, preference or lien validity claims. Those codes describe the claims made, not how they were decided.
What to establish from your own paperwork
- Which entity you signed with: Premium Merchant Funding One, 18 or 26, or an unrelated funder introduced by Premium Merchant Funding.
- Whether you signed a consulting, advisory or broker agreement as well as a funding agreement, and what fee it charged.
- The purchased amount, the factor rate, the total payback and the balance still outstanding on each agreement, taken from the payment history.
- Whether a new agreement paid off an earlier one, and how much cash actually reached your account each time.
- The forum and arbitration clauses, and whether you signed a personal guaranty.
- If the business is in New York, whether a disclosure under 23 NYCRR Part 600 was owed and whether you received it. For sales-based financing, that disclosure includes a line headed "Estimated Annual Percentage Rate (APR)."
Do not stop the debits or move the operating account without advice. In our experience, most agreements of this kind define either step as a breach.
Frequently asked questions
Is Premium Merchant Funding BBB accredited?
Yes. Premium Merchant Funding One, LLC has been a BBB accredited business since 3/2/2016 and has an A rating.
How many complaints does Premium Merchant Funding have?
The BBB shows 36 complaints in the last three years, 7 of them in the last 12 months. Most of the ten displayed on the public page concern unwanted calls, texts and emails, or merchant cash advances offered when an owner expected an SBA loan. On Trustpilot the company has a TrustScore of 2.0 on 65 reviews.
Is Premium Merchant Funding a direct lender or a broker?
The record shows both roles. Premium Merchant Funding 26 appears as a funder and plaintiff in merchant agreement disputes. The company's own BBB responses refer to other lenders, and its website footer says loans are "made or arranged." Check the entity named on each of your agreements.
Has Premium Merchant Funding been sued?
Yes. Federal docket listings show at least 13 suits under the Telephone Consumer Protection Act since 2019 naming Premium Merchant Funding One, and two racketeering suits by PEB, Inc. filed in 2024 and 2026. The PEB allegations are unproven, and the 2024 case was sent to arbitration.
What are Premium Merchant Funding's rates?
Its merchant cash advance page states a factor rate range of 15% to 49%, terms from 30 days to 24 months, and amounts from $2,000 to $2,000,000. Your agreement controls. Compare the total payback with the cash you actually received.
What should I do if the payments are unaffordable?
Collect every agreement you signed through Premium Merchant Funding, identify the entity on each, total the balances from the payment history, and check for a personal guaranty and an arbitration clause. Then decide who negotiates. Do not block the debits or move the account on your own.
If the payments are the problem
If daily or weekly debits from a Premium Merchant Funding agreement, or from a funder it introduced, are taking more than the business reliably produces, the A rating and the complaint count are not the facts that matter.
What matters is which entity holds each agreement, how much cash you actually received against what you owe, whether later agreements paid off earlier ones, whether you signed a personal guaranty, and where a dispute would be heard.
Business Debt Adjusters reviews the agreements, the payment history and the bank activity together and tells you plainly whether a settlement is realistic before any lender is contacted. Book a free consultation.
Sources
- Premium Merchant Funding One, LLC, BBB Business Profile, Better Business Bureau. Rating, accreditation date, file, start and incorporation dates, entity type, management, address, read October 21, 2026.
- Premium Merchant Funding One, LLC, BBB Complaints, Better Business Bureau. Complaint counts, categories, displayed complaints and company responses, read October 21, 2026.
- Premium Merchant Funding, Trustpilot. TrustScore, review count and star distribution, read October 21, 2026.
- Premium Merchant Funding website, home page and merchant cash advance page. Products, amounts, terms, factor rate range, funded totals, license footer, read October 21, 2026.
- PEB, Inc. v. Premium Merchant Funding 18, LLC, No. 1:26-cv-08712, U.S. District Court, Southern District of New York, docket listing and complaint filed October 2, 2026.
- PEB, Inc. v. Premium Merchant Funding 26, LLC, No. 1:24-cv-08791, U.S. District Court, Southern District of New York, docket listing, filed November 19, 2024, including the July 1, 2025 opinion and order compelling arbitration and staying the case.
- Premium Merchant Funding 18, LLC v. Honan, No. 1:24-cv-01199, U.S. District Court, Southern District of New York, docket listing, filed February 16, 2024.
- Premium Merchant Funding 26, LLC v. Sonata Construction LLC, No. 7:25-cv-01086, U.S. District Court, Southern District of New York, docket listing, filed February 6, 2025.
- Weingrad v. Premium Merchant Funding One, LLC, No. 2:24-cv-06247, U.S. District Court, Eastern District of Pennsylvania, docket listing including the April 7, 2026 stipulation of dismissal.
- Redick v. Premium Merchant Funding One LLC, No. 1:25-cv-01681, U.S. District Court, Eastern District of California, docket listing including the January 27, 2026 order closing the case.
- Story v. Premium Merchant Funding One LLC, No. 2:25-cv-00910, U.S. District Court, Western District of Washington, docket listing, filed May 14, 2025.
- Cardenas v. Premium Merchant Funding One, LLC, No. 1:24-cv-08485, U.S. District Court, Southern District of New York, docket listing, filed November 7, 2024.
- Jewett v. Premium Merchant Funding One, LLC, No. 1:23-cv-09681, U.S. District Court, Southern District of New York, docket listing, filed November 2, 2023.
- Harris v. Premium Merchant Funding One, LLC, No. 1:23-cv-08002 and No. 1:23-cv-00344, U.S. District Court, Southern District of New York, docket listings.
- Salaiz v. Premium Merchant Funding One, LLC, No. 3:22-cv-00361 and Callier v. Premium Merchant Funding One, LLC, No. 3:22-cv-00223, U.S. District Court, Western District of Texas, docket listings.
- Shelton v. Premium Merchant Funding One, LLC, No. 2:22-cv-01346, U.S. District Court, Eastern District of Pennsylvania, docket listing.
- Hardin v. Premium Merchant Funding One, LLC, No. 2:19-cv-07552, U.S. District Court, Central District of California, docket listing.
- JLK Construction, LLC v. Premium Merchant Funding 18, LLC, Adv. No. 23-04032, U.S. Bankruptcy Court, Western District of Missouri, docket listing.
- Zeroholding, LLC v. Premium Merchant Funding 18, LLC, Adv. No. 23-05055, U.S. Bankruptcy Court, Northern District of Georgia, docket listing.
- Dentistry by Design, P.C. v. Premium Merchant Funding 26, LLC, Adv. No. 8-25-08042, U.S. Bankruptcy Court, Eastern District of New York, docket listing.
- Resident Research, LLC v. Premium Merchant Funding 18, LLC, Adv. No. 26-03041, U.S. Bankruptcy Court, Western District of North Carolina, docket listing.
- Roach v. Premium Merchant Funding LLC, No. 1:26-cv-01139, U.S. District Court, Southern District of New York, docket listing, Fair Labor Standards Act.
- 23 NYCRR Part 600, Disclosure requirements for commercial financing, New York State Department of Financial Services, final regulation text.
This article summarizes public records and publicly available information as of October 21, 2026, principally the Better Business Bureau profile and complaints record for Premium Merchant Funding One, LLC of New York, New York, the company's own website, federal docket listings and the complaint in PEB, Inc. v. Premium Merchant Funding 18, LLC.
Complaints are reported by the people who file them and are not verified. Allegations in lawsuits are not findings, and docket listings show filings, not outcomes. It is not legal advice.
Business Debt Adjusters is not affiliated with Premium Merchant Funding or any of its entities.
