Simply Funding Reviews and Complaints: The Record

At a glance

• BBB profile: None found (no BBB profile under Simply Funding as of 11/6/2026)
• Trustpilot: No reviews (an unclaimed simplyfunding.com page with 0 reviews)
• Business type: Direct funder (its website says it buys future receivables itself; it also recruits brokers and ISOs)
• Federal court: 11 dockets with Simply Funding in the case name (most are lawsuits inside bankruptcy cases; no regulator action found)

Short answer: Simply Funding is a merchant cash advance funder that its website places at 1170 Route 17M in Chester, New York, in Orange County. New York's Department of State lists an active Simply Funding LLC, filed in 2017, in that county. The company says it buys between $10,000 and $500,000 of a business's future receivables and collects through scheduled ACH debits. By its own description it is a funder, not a broker. We found no BBB profile and no Trustpilot reviews. The court record is the clearest part of its file: 11 federal dockets with Simply Funding in the case name, most of them lawsuits inside bankruptcy cases, including one where a court denied Simply Funding summary judgment against an owner who had guaranteed an advance. If a Simply Funding debit is coming out of your account, start with the agreement you signed.

By the Business Debt Adjusters research desk. Reviewed November 6, 2026. Sources 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 the public record as of November 6, 2026. We could not search state trial courts, UCC filings or Google reviews, and a CFPB complaint search did not return usable results on the day we checked. Finding no regulator action is not proof that none exists. This version replaces an earlier general page and is rebuilt from the company's website and public records.

Who Simply Funding is

The company's website is simplyfunding.com. It gives the address 1170 Route 17M, Suite #2, Chester, NY 10918, the phone number (800) 661-1864 and the email info@simplyfunding.com. The site's footer names the business only as "Simply Funding" and does not state a legal entity name. Archived copies of the homepage from 2021 and 2024 also listed a second address at 45 Broadway, 24th Floor, New York, NY 10006; today's site lists only Chester.

The official record. New York's Department of State lists SIMPLY FUNDING LLC as an active domestic limited liability company, DOS ID 5105322, first filed on March 21, 2017, in Orange County, the county that includes Chester. Its service-of-process address is a registered-agent firm in Albany; the registered-agent field reads "Registered Agent Revoked." A September 2017 press release and federal court filings from 2018 onward use the name "Simply Funding, LLC." A May 2023 press release says the company has offered working capital since 2015; the New York LLC dates from 2017, and we found no record that explains the difference. Because the website does not state the LLC's name, our match rests on the name, the county and the court filings.

Not on Connecticut's list. Connecticut's list of registered commercial financing providers and brokers, current as of November 2, 2026, has no entry for Simply Funding or any name containing "Simply." We did not check other states' registrations.

Similar names that are different companies. Match the exact name and address on your paperwork:

• Simply Specialty Funding LLC, a New York LLC filed on March 16, 2026, whose service-of-process address is 1170 Route 17M, Suite #2, Chester, the same address Simply Funding's website gives. The registry does not say how the two are related.
• Simply Funded Holdings, LLC, a New York LLC filed in 2016 with a Manhattan address on West 35th Street.
• Simple Funding LLC, a property-investment lender in Irondale, Alabama, at asimplefund.com.
• SimplyFunded, an Australian business at simplyfunded.com.au.

What Simply Funding sells: merchant cash advances

The homepage says Simply Funding "will purchase between $10,000 and $500,000 of future business receivables," with same-day approval, for businesses open at least 3 months and averaging $10,000 a month in gross sales. Its How It Works page lists three programs: Starter (up to $50,000, 500+ credit score, 3+ months in business), Standard (up to $125,000, 500+ score, 1+ year) and Premium (up to $500,000, 600+ score, 2+ years).

The company is clear that it funds the deals itself. The homepage says "We'll pay your business upfront, then collect a small percentage of future sales as they occur until a pre-determined amount is collected," and that "A percentage of the future sales are collected by scheduling an ACH debit from your business checking account or directly from your credit card processing transactions." The How It Works page calls the product "a purchase and sale agreement," not a loan, and its FAQ says that because it is not a loan "there is no interest rate or APR." Its own example: Simply pays "$10,000 upfront in exchange for $10,800 of proceeds from future sales." By our arithmetic that is a factor rate of 1.08; the site does not say whether fees are added, and the agreement described in the court opinion below was priced differently. Our explainer on factor rates and APR shows how to compare that kind of price with a loan.

Whether a purchase of receivables is really a loan is a question courts look at case by case; our page on whether a merchant cash advance is a loan explains what they look for.

Brokers and investors. The Partners page recruits independent sales agents and ISOs, offers a white-label program for banks, and invites "syndicate partners" to fund a share of advances. So a broker may sell you a Simply Funding advance, but the agreement is with Simply Funding; in the court case described below, the application reached Simply Funding through "a third-party broker."

The website terms. The terms that govern an advance are in the agreement a merchant signs, which the website terms do not replace and the site does not publish. Our guide to the merchant cash advance agreement explains the clauses that agreement usually carries.

What the record shows

• Legal name: SIMPLY FUNDING LLC, New York domestic LLC, DOS ID 5105322, filed 3/21/2017, Orange County.
• Role: direct funder. Its site says it buys receivables itself and collects "by scheduling an ACH debit from your business checking account or directly from your credit card processing transactions."
• BBB: no profile found, so there is no BBB rating, accreditation or complaint count to report.
• Trustpilot: an unclaimed page for simplyfunding.com with 0 reviews.
• Federal court: "Simply Funding" in the text of 115 federal dockets on CourtListener, 11 of them with Simply Funding in the case name.

Simply Funding reviews

BBB. A BBB search for "Simply Funding" on November 6, 2026 returned "No results," and the same search limited to Chester, NY returned nothing either. With no profile, there is no BBB rating, accreditation status or complaint count for 3 years or 12 months.

Trustpilot. The Trustpilot page for simplyfunding.com is unclaimed and shows 0 reviews. There is no score or one-star share to report.

The company's own site. The homepage shows four short testimonials, two labeled as clients and two as partners, one of whom says he is a broker, and claims "100% Customer Satisfaction Guaranteed." These are reviews the company chose to show, and we could not verify them. We did not check Google reviews.

Simply Funding complaints and court records

Regulators. We found no FTC, New York Attorney General, New York DFS or other state attorney general action naming Simply Funding. The CFPB complaint database returned no results that day even for terms that should match, so we cannot report a CFPB count.

The federal docket count. CourtListener's RECAP archive finds "Simply Funding" in the text of 115 federal dockets, including 11 with Simply Funding in the case name. We did not review the other 104, and a text match does not mean a case is about this company. Simply Funding is named first, as plaintiff or petitioner, in 7 of the 11 and as a defendant in 4. Seven of the 11 are adversary proceedings, which are lawsuits filed inside a bankruptcy case.

The one written opinion we found: a guarantor's bankruptcy in Ohio. In Simply Funding, LLC v. Werman, an adversary proceeding in the U.S. Bankruptcy Court for the Northern District of Ohio (No. 22-1070), Simply Funding asked the court to rule that a business owner's personal guarantee of an advance could not be wiped out in her Chapter 7 bankruptcy. The court's memorandum of opinion of June 15, 2023 sets out the background, construed in the light most favorable to the owner:

• The application for her HVAC business reached Simply Funding through a third-party broker in April 2022.
• The opinion describes a "Revenue Purchase Agreement" signed April 7, 2022, under which Simply Funding would buy $71,500 of the business's receivables for $50,000, less $3,000 of costs and fees. It wired $47,000 on April 8. By our arithmetic, that is $71,500 owed back on $47,000 received.
• The opinion says the owner was to guarantee the agreement personally and that it called for automatic debits of about $2,300 a week from the business bank account until the $71,500 was paid.
• The owner said she could not cover payroll and the first debit, that her request for different terms was refused and that she received threatening calls. Simply Funding denied those allegations and attributed any harassment to the broker. The owner instructed the business's bank to block the debits. Per the opinion, when a Simply Funding representative called about the block on April 19, 2022, she said the account had been compromised and did not mention financial hardship or ask for different payment terms, and the business, which kept operating, has never made a payment.
• Simply Funding sued the business and the owner in New York on April 27, 2022, and the owner filed for bankruptcy before any judgment was entered against her.

Simply Funding argued that the owner obtained the money through misrepresentations about the business and its intended use of the funds. The court held that "questions of material fact exist" and denied Simply Funding's motion for summary judgment. That was not a decision on the merits. The docket shows further orders in May 2024 and the case closed on May 28, 2024; we could not read those orders, so we do not know how the dispute ended.

The other adversary proceedings. The docket entries for the rest are short, and we did not read the complaints, so we can say only what the dockets show:

• Simply Funding, LLC v. Walker, Bankr. E.D.N.Y. No. 1-24-01017, filed February 5, 2024. After an answer and mediation, the case was still open, with an order entered on October 9, 2026.
• Simply Funding, LLC v. Sklar, Bankr. S.D. Fla. No. 20-01119, filed March 26, 2020. After an early clerk's entry of default, an answer, mediation and an amended complaint, the court dismissed the adversary proceeding on November 28, 2022.
• Simply Funding, LLC v. Anderson, Bankr. D. Kan. No. 20-07017, filed August 31, 2020. An answer was filed in October 2020; dismissal filings followed in July 2021, and the case closed on July 29, 2021.
• Simply Funding, LLC v. Ngwafon, Bankr. D.D.C. No. 19-10014, filed May 6, 2019, and closed on October 6, 2021.
• McClarty v. Simply Funding LLC, Bankr. E.D. Mich. No. 21-04030, filed against Simply Funding on January 25, 2021, and dismissed on a stipulation on March 23, 2021.
• Bircher III, Trustee v. Simply Funding, LLC, Bankr. E.D.N.C. No. 25-00133, a bankruptcy trustee's suit filed June 26, 2025. CourtListener has no docket entries for it, so we cannot say what it claims or where it stands.

The Betons interpleader. In February 2018, Betons Prefabriques du Lac, Inc. filed an interpleader action in the Southern District of New York (1:18-cv-01096) against Simply Funding and East Coast Precast and Rigging LLC. In an interpleader, someone holding money that others claim asks the court to decide who gets it; here $374,446.98 was deposited with the court in March 2018. A related petition by Simply Funding, filed in New York Supreme Court in Orange County and removed to federal court (1:18-cv-03584), listed a judgment, a restraining notice and an execution among its exhibits; it was voluntarily dismissed without prejudice on April 27, 2018. On May 7, 2018, the court entered a stipulated order paying $218,500.00 to Simply Funding, $6,500.00 to Betons for its costs and the rest to East Coast, and the case was closed with prejudice. The docket text we read does not say what debt the judgment was for.

Other federal cases.

• Riley Drive Entertainment X, LLC v. Simply Funding, LLC, W.D. Mo. 4:21-cv-00013. Simply Funding removed this contract case from state court in Jackson County, Missouri, in January 2021. The plaintiffs stipulated to dismissal, and the court dismissed it on May 3, 2021, without ruling on the claims.
• Simply Funding, LLC v. Sodon, S.D.N.Y. No. 7:18-cv-12095, filed December 21, 2018. The New York Law Journal reported that Simply Funding accused a former contractor of taking control of its website and domain names. The case ended with a stipulation and order of dismissal on May 7, 2021. By that report, the dispute concerned the company's website, not a merchant's advance.

What we could not search. A funder can sue under its agreement in state court, and we could not search New York's state court system or other state courts. We also did not search UCC filings. The federal list above is not a total lawsuit count.

What to do if a Simply Funding advance is squeezing your business

1. Find the agreement you signed and confirm the funder's name and address. If a broker sold you the deal, the broker is a different company from Simply Funding.
2. Ask Simply Funding, in writing, for a full payment history and the current balance.
3. Read the reconciliation clause. If your revenue has dropped, you may be able to ask for the payment to be adjusted to your actual sales; our explainer on MCA reconciliation covers how that request works.
4. Check what has been filed: a UCC lien under your business name, and any court case in the state named in the agreement. Our page on whether MCA companies can sue you explains that process.
5. If you signed a personal guarantee, read it. In the Ohio case above, Simply Funding pursued the guarantor into her bankruptcy. Our page on MCA settlement versus bankruptcy covers that choice; for your own situation, get counsel.
6. Do not block debits or move your bank account without reading your agreement first. Your agreement may treat that as a default. If you have been served, talk to a lawyer before the answer deadline.

Business Debt Adjusters negotiates with funders on behalf of business owners: a reduced lump-sum settlement, or a restructured payment schedule the business can actually carry, usually worked out before a lawsuit or judgment. We are not a law firm. If you are behind on a Simply Funding advance, see how MCA debt relief works and how we handle a file. Our Simply Funding lawsuit page and Simply Funding settlement page cover those stages.

Simply Funding reviews: common questions

Is Simply Funding legit?

It is a registered business. New York's Department of State lists Simply Funding LLC as an active New York LLC, DOS ID 5105322, filed in 2017 in Orange County, and the company's website gives an address in Chester, New York. We found no BBB profile, no Trustpilot reviews and no regulator action, and 11 federal dockets with its name in the case name, most of them inside bankruptcy cases.

Is Simply Funding a direct funder or a broker?

A direct funder. Its website says it buys between $10,000 and $500,000 of a business's future receivables and collects the purchased amount itself. It also works with brokers, but the agreement is with Simply Funding.

What is Simply Funding's legal name and address?

The New York registry lists SIMPLY FUNDING LLC, DOS ID 5105322, first filed on March 21, 2017, in Orange County. The website gives 1170 Route 17M, Suite #2, Chester, NY 10918; earlier versions of the site also listed 45 Broadway, 24th Floor, New York. The website itself does not state the LLC's name.

What do Simply Funding reviews say?

There are almost none. A BBB search on November 6, 2026 returned no profile, and the Trustpilot page for simplyfunding.com is unclaimed with 0 reviews. The only reviews we found are four testimonials the company shows on its own website.

Has Simply Funding been sued?

Yes, and it has also sued. CourtListener finds "Simply Funding" in the text of 115 federal dockets, including 11 with Simply Funding in the case name. In the only written opinion we found, a bankruptcy court in Ohio denied Simply Funding summary judgment in 2023 against a business owner who had guaranteed an advance, because questions of material fact existed. We could not search state courts. For your own situation, talk to a lawyer.

Are there complaints against Simply Funding?

There is no BBB profile to hold complaints, and we found no FTC, state attorney general or New York DFS action naming the company. The clearest dispute in the public record is a guarantor's account, in a 2023 court opinion, of refused payment changes and threatening calls, which Simply Funding denied.

What is Simply Funding's phone number, and how does it take payments?

The website lists (800) 661-1864 and info@simplyfunding.com. It says payments are collected "by scheduling an ACH debit from your business checking account or directly from your credit card processing transactions." The 2022 agreement described in a court opinion called for weekly debits. Your agreement sets the amount and schedule; ask in writing for a payment history.

Is Simply Funding the same as Simply Funded or Simple Funding?

Not according to the records we found. Simply Funded Holdings, LLC is a separate New York LLC filed in 2016, Simple Funding LLC is a lender in Irondale, Alabama, and SimplyFunded is an Australian business. Simply Specialty Funding LLC, filed in New York in 2026, uses the same Chester address as Simply Funding; the registry does not say how they are related. Check the exact name and address on your agreement.

Sources

• Simply Funding website: home, How It Works, Partners, Terms of Service and Contact, read November 6, 2026; archived 2021 and 2024 homepages on the Internet Archive.
• New York Department of State corporation data on data.ny.gov, SIMPLY FUNDING LLC and similar names, searched November 6, 2026.
• Connecticut Department of Banking commercial financing providers and brokers list, as of November 2, 2026.
• Trustpilot page for simplyfunding.com and BBB search, read November 6, 2026.
• Press releases on Newswire (2017) and PR Newswire (2023).
• CourtListener RECAP search and the dockets and opinion linked above, read November 6, 2026; New York Law Journal, December 21, 2018.
• CFPB complaint database, attempted November 6, 2026.

This article summarizes public records and publicly available information as of November 6, 2026. Reviews and complaints are the opinions or allegations of the people who post them and have not been decided by a court. A denied motion or a dismissed case is not a finding for or against either side. Court records may not show every filing or the final outcome. It is not legal advice; talk to a lawyer about your own agreement. Business Debt Adjusters is not affiliated with, endorsed by, or authorized to represent Simply Funding LLC or any company named on this page.