At a Glance
Rating Breakdown
About Ace Funding
Founded in 2014 and headquartered in New York City, Ace Funding is a direct MCA funder that has deployed over $300 million to small businesses. The company operates from its own balance sheet with syndication partnerships for larger deals, and its entire operation is optimized for speed: same-day approvals on 80%+ of submitted applications, with funding typically hitting accounts within 24 hours of signed contracts. Factor rates range from 1.20 for strong first-position deals with $25K+ monthly revenue to 1.49 for weaker profiles, second-position advances, or businesses under $10K monthly deposits. Advance amounts range from $5K to $250K, with first-time applicants typically capped at a 1.0x-1.2x multiple of average monthly deposits. Repayment is structured as fixed daily or weekly ACH debits over 3-12 month terms, with daily payments calibrated to approximately 12-18% of average daily deposits. Ace Funding is known in the ISO community as a reliable funder for broker-submitted deals, paying commissions of 8-12 points on funded advances and maintaining a dedicated submissions portal with real-time status tracking. Their underwriting team focuses on three core metrics: average daily balance, deposit consistency, and negative-day frequency. They tolerate up to 5 negative-balance days per month on the bank statements, which is more lenient than many first-position funders. However, they require a personal guarantee from all owners with 20%+ equity, and they file UCC-1 blanket liens as standard practice. Ace Funding will also fund in second and third positions, though factor rates jump to 1.35-1.49 for stacked deals, and the advance amount is reduced to account for existing daily payment obligations. The company does not offer repayment restructuring; if a business cannot make payments, the standard remedy is collections escalation through the confession of judgment process in states where it is enforceable. The honest trade-off with Ace Funding is speed versus cost. Their factor rates of 1.20-1.49 are higher than top-tier funders like OnDeck (1.09+) or Credibly (1.10+), and the absence of payment restructuring means there is no safety net if your business hits a rough patch. Ace's same-day decisions and 24-hour funding are genuine operational advantages when time is the critical variable, but businesses that have 3-5 days to shop should compare Ace's offer against providers with lower rates and more flexible terms. Ace is the right choice when you need capital within 24 hours, understand the cost, and have the cash flow to support daily ACH payments without strain. It is the wrong choice for businesses that are already cash-flow-stressed and looking for a low-cost working capital solution.
Key Features
Same-Day Approval
Ace Funding targets same-day approval decisions on 80%+ of complete submissions, meaning applications received with all 3 months of bank statements by noon Eastern typically have an answer by end of business day. The speed comes from a simplified underwriting checklist that prioritizes deposit consistency over traditional credit analysis. For broker-submitted deals, approvals can come back within 2-3 hours because the ISO has pre-qualified the merchant before submission.
In-House Underwriting
All underwriting is performed internally by Ace Funding's team in their New York office, eliminating the delays that come from syndicating deals to third-party decision-makers. The underwriting model focuses on three core metrics: average daily balance across the 90-day statement period, deposit consistency (they want to see deposits on at least 18-20 business days per month), and negative-balance day frequency. This gives Ace full control over approval criteria and allows them to fund deals that a committee-based underwriting process might stall.
ISO-Friendly Platform
Ace Funding has built a strong reputation in the ISO channel by paying competitive commissions of 8-12 points on funded advances and providing a dedicated submissions portal with real-time deal tracking. Brokers can see exactly where each deal stands in the pipeline, from submission to underwriting to contract to funding. The company also offers override commissions for ISO managers and white-label contract options for larger broker shops. Their broker support team is staffed during extended hours (8 AM - 8 PM Eastern) to handle urgent deal questions.
Flexible Position Funding
Ace Funding will fund in first, second, and third positions, which broadens their addressable market significantly. For second-position deals, they require copies of all existing MCA contracts and calculate the total existing daily ACH burden before determining the additional advance amount. Factor rates on second-position advances typically start at 1.35 and can reach 1.49 on third-position deals. The key threshold is that total daily MCA payments (existing plus new) cannot exceed 25% of average daily deposits.
How It Works
Submit Application
Complete the one-page application and provide your last 3 months of business bank statements electronically.
Rapid Review
Ace Funding's in-house underwriting team reviews your bank statements and cash flow within hours of submission.
Receive Your Offer
Get a clear offer with factor rate, advance amount, total payback, and daily or weekly repayment schedule.
Accept & Fund
Sign the agreement electronically and receive funds via ACH deposit, typically within 24 hours of approval.
What They Do
- Merchant Cash Advance
- Revenue-Based Financing
- Working Capital Advance
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Short-Term Working Capital
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Emergency Plumbing Equipment Replacement — $40K in 18 Hours
A licensed plumbing company in Tampa, FL with 8 employees was mid-job on a \$200K commercial remodel when their main sewer camera and jetting equipment failed. The replacement unit cost \$38K, and the general contractor had a completion deadline with \$5K/day late penalties. The owner's personal credit was 580, and his bank statements showed \$22K-\$28K in monthly deposits.
Second-Position Advance for Trucking Fuel Costs — $65K
A small trucking company in New Jersey with 6 rigs had an existing first-position MCA with \$42K remaining and daily payments of \$380. Diesel costs spiked and the owner needed \$65K to pre-purchase fuel contracts at a locked-in rate. Monthly deposits averaged \$85K, but the existing MCA was consuming \$8,360/month in payments.
Pros & Cons
Pros
- Same-day approval decisions on 80%+ of complete applications, making Ace one of the fastest direct funders for time-sensitive capital needs where a 48-72 hour wait is not viable.
- Willingness to fund in second and third positions opens capital access for businesses that have existing MCA obligations and cannot qualify with first-position-only funders.
- In-house underwriting eliminates the delays of committee-based or syndicated approval processes, giving Ace full control over turnaround time and consistency of decisions.
- Strong ISO channel with 8-12 point commissions, real-time deal tracking, and a broker support team staffed until 8 PM Eastern, making them a preferred funder for brokers handling urgent deals.
- Tolerates up to 5 negative-balance days per month on bank statements, which is more lenient than many competitors and allows businesses with occasional cash flow gaps to qualify.
Cons
- Factor rates of 1.20-1.49 are higher than top-tier funders like OnDeck (starting at 1.09) or Credibly (starting at 1.10), especially on second and third position deals where rates start at 1.35.
- Maximum advance of \$250K is below larger funders like AFN (\$2M) or Rapid Finance (\$1M), limiting Ace's usefulness for businesses needing six-figure-plus capital.
- No repayment restructuring option exists; if a business cannot make daily payments, Ace escalates to collections including confession of judgment enforcement in states where it is legal.
- Shorter repayment terms of 3-12 months mean higher daily payment amounts compared to funders offering 18-24 month terms, which can strain cash flow for businesses with thin margins.
User Reviews (27)
professional process rates could be lower
Solid but not perfect. Got $100,000 in the following day for an HVAC replacement. Factor rate 1.29 is fair. The daily debit of $658 was fine most months but during my slow season it got really tight. Called them and they said there was nothing they could do about adjusting. Still paid off on time.
third advance and rate keeps dropping
Ace Funding came through when I needed $5,000 fast for my flooring company. Funded in 2 days later. No complaints. Factor rate 1.28 is fair for the speed.
ruined my cash flow completely
Filed a complaint with the BBB after my experience with Ace Funding. Took $25,000 at 1.38, daily ACH $188. When I had an emergency and needed to defer payments for a week they refused. When I asked them to release the UCC lien after payoff they dragged their feet for weeks. Every interaction after funding was adversarial.
good experience overall minor gripes
Used Ace Funding for $5,000 to cover a buildout. Factor rate of 1.23 is competitive -- I shopped around and SOS Capital quoted me 1.16 for the same amount. Process was straightforward and my rep was helpful. My only gripe is the UCC lien took 3 weeks to get removed after payoff. Had to call twice.
finally a funder that treats you like a human
Switched from Yellowstone Capital to Ace Funding and the difference is night and day. Better factor rate (1.23 vs 1.18), faster funding, and an actual human being who picks up the phone. Got $5,000 for an HVAC replacement and the daily debit is $32. It's tight some months but manageable. Third time funding wiht them and rate has dropped each time.
buyer beware
Two words: HIDDEN FEES. Ace Funding quoted me a 1.39 factor rate on $40,000 which sounded reasonable. What they didn't mention until the contract was an origination fee that got deducted from my funded amount. Read every line of the contract people.
decent experience daily ach is a lot tho
Used Ace Funding for $80,000 to cover new signage. Factor rate of 1.23 is competitive -- I shopped around and Fora Financial quoted me 1.19 for the same amount. Process was straightforward and my rep was helpful. My only gripe is the UCC lien took 3 weeks to get removed after payoff. Had to call twice.
the rate was higher than discussed
Two words: HIDDEN FEES. Ace Funding quoted me a 1.37 factor rate on $100,000 which sounded reasonable. What they didn't mention until the contract was an origination fee that got deducted from my funded amount. Read every line of the contract people.
best rates I found after shopping around
ngl Ace Funding saved my trucking company when we needed emergency capital for website redesign. Applied with a 486 credit score expecting to get laughed at but they actually looked at my bank deposits and approved $80,000. Total repayment is $101,600 which yeah its not cheap but compared to the alternative of shutting down? No brainer. My rep Jessica has been responsive every time I've called.
not terrible but wouldnt rush to recommend
Ace Funding is... adequate. $80,000 at 1.29 factor rate. Not the best deal, not the worst. Funding took 48 hours which was slower than they promised. My rep was friendly but not helpful when I asked about options mid-term. Paid it off, probably won't go back unless rates improve.
Write a Review
Frequently Asked Questions
Embed This Badge on Your Website
Ace Funding has earned a Best for Quick Decisions designation from Zogby. Display this badge on your website to showcase your rating.
Paste this code anywhere in your website's HTML. The badge links back to your full Zogby review.
Related Companies
Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
Editorial Independence
We make money from some companies on this page. That doesn't change our rankings -- the editorial team scores every product independently, and the business side has no say in what we recommend.