At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About Vox Funding
Founded in 2016 and headquartered in New York City, Vox Funding is a direct MCA funder that has deployed over $180 million to small businesses with a deliberate focus on operational simplicity and pricing transparency. In an industry where many funders use complex split-withholding structures, variable payment models, and layered fee schedules that obscure the true cost of capital, Vox Funding offers a single product: fixed daily ACH repayment with fully disclosed terms. Factor rates range from 1.18 on strong first-position deals with $25K+ monthly revenue to 1.45 on weaker profiles. Advance amounts span $5K to $350K, with repayment terms of 3-15 months. Every offer includes five numbers: advance amount, factor rate, total repayment, fixed daily payment, and estimated payoff date. There are no variable payment structures, no percentage-of-sales models, and no origination fees above 3%. The fixed daily ACH model means that the same dollar amount is debited from the merchant's business account every business day, regardless of that day's sales volume. This is different from the split-withholding model used by some funders where a percentage of daily credit card sales is withheld, creating variable payments that fluctuate with revenue. The fixed model has clear advantages for cash flow planning: a merchant paying $275/day knows exactly what the monthly MCA cost is ($275 x ~22 business days = $6,050/month) and can plan accordingly. The disadvantage is that during slow revenue periods, the fixed payment becomes a larger percentage of daily income, with no automatic adjustment. Vox Funding requires personal guarantees, files UCC-1 liens, and deducts origination fees of 1-3% from advance proceeds. They operate both direct and ISO channels, paying broker commissions of 6-10 points. The company does not offer payment restructuring; if a merchant cannot make daily payments, the process escalates through standard MCA collection procedures. The honest trade-off with Vox Funding is that the simplicity and transparency that make them appealing also mean less flexibility. The fixed daily ACH model is easier to understand and budget for than variable payment structures, but it offers zero accommodation during revenue downturns. A business paying $400/day continues paying $400/day whether it is a $5,000 revenue day or a $500 revenue day. For businesses with stable, predictable daily revenue (medical practices, established retail, professional services), the fixed model works well. For businesses with significant daily revenue volatility (restaurants, event-based businesses, seasonal operations), the lack of payment flexibility is a genuine operational risk that should be weighed against the simplicity and transparency benefits.
Key Features
Fixed Daily ACH Model
Every advance uses an identical fixed dollar amount debited via ACH every business day, with no variation based on sales volume or revenue. A \$100K advance at a 1.25 factor rate over 250 business days means exactly \$500/day, every day, for approximately 12 months. This eliminates the ambiguity of split-withholding models where daily payments fluctuate. For businesses that need predictable cost structures for budgeting, bookkeeping, or profit projection, this model is simpler than alternatives. The downside is zero flexibility during slow periods: the payment does not adjust downward when revenue drops.
Transparent Cost Disclosure
Every Vox Funding offer presents five clearly stated numbers: advance amount, factor rate, total repayment, fixed daily payment, and estimated payoff date. There are no layered fee structures, no variable rate components, and no hidden charges. Origination fees of 1-3% are disclosed upfront and deducted from proceeds. This transparency stands out in an industry where some funders use complex fee schedules that make it difficult for merchants to calculate the true cost of capital. A Vox offer of \$50K at 1.22 means exactly \$61,000 total repayment; there is nothing else to add.
Competitive First-Position Rates
Vox's first-position factor rates starting at 1.18 for well-qualified businesses (\$25K+ monthly revenue, 12+ months in business, clean banking) are competitive with the mid-tier of the MCA market. They are not as low as the best rates from OnDeck (1.09) or Credibly (1.10), but they are meaningfully better than funders like Spartan Capital (1.25+) or Alpha Capital Source (1.25+). For businesses with moderate profiles that do not qualify for the absolute lowest rates, Vox's 1.18-1.30 range represents solid value, especially combined with the transparency and simplicity benefits.
Simple Operations
Because Vox offers only one product structure (fixed daily ACH), their entire operation from underwriting to contract to funding is optimized for efficiency. There are no complex product configurations, no variable payment calculations, and no customization discussions that slow down the process. Underwriting decisions typically come within 4-6 hours, contracts are standardized and can be executed in under 30 minutes, and funding occurs within 24-48 hours. The simplicity also reduces errors: merchants are less likely to sign a contract they do not understand when the terms are this straightforward.
How It Works
Apply Online
Complete the straightforward online application and upload 3 months of business bank statements.
Quick Underwriting
Vox Funding's team evaluates your daily deposits and cash flow patterns to determine your advance amount and fixed daily repayment.
Transparent Offer
Receive a clear offer showing advance amount, factor rate, total repayment, daily payment amount, and estimated payoff date.
Fund & Repay Daily
Accept the offer and receive funds via ACH deposit. Fixed daily ACH debits begin the following business day.
What They Do
- Merchant Cash Advance
- Revenue-Based Financing
- Fixed Daily Repayment Advances
- Working Capital
Debt Types They Take On
- Merchant Cash Advance
- Fixed Daily ACH Advance
- Revenue-Based Financing
- Short-Term Working Capital
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Bakery Corporate Catering Contract — $45K with Predictable Daily Cost
A bakery in Boston, MA with 8 employees won a corporate catering contract worth \$120K over 6 months with a Fortune 500 company's local office. To fulfill the contract, the bakery needed \$45K upfront: \$20K for additional part-time staff hiring and training, \$15K for bulk ingredient inventory, and \$10K for catering equipment (chafing dishes, transport containers, branded packaging). Monthly deposits averaged \$38K and the business had been operating for 7 years with clean banking.
Auto Detailing Shop Expansion — $80K for Second Location
A mobile auto detailing business in Phoenix, AZ with 5 vans wanted to open a fixed-location shop to capture higher-margin ceramic coating and paint correction work. The build-out cost was \$75K (lease deposit, equipment, build-out, signage). Monthly deposits from the mobile operation averaged \$55K with 22+ deposit days. The owner had a 620 credit score and had been in business for 3 years.
Pros & Cons
Pros
- Fixed daily ACH payments eliminate the uncertainty of variable payment models, allowing businesses to project exact monthly MCA costs and build accurate cash flow forecasts around a known, unchanging number.
- Fully transparent cost disclosure with five clearly stated terms (advance amount, factor rate, total repayment, daily payment, payoff date) makes Vox one of the most straightforward funders in an industry sometimes criticized for opaque pricing.
- First-position factor rates starting at 1.18 are competitive with the mid-tier of the MCA market, offering solid value for businesses with moderate credit profiles that do not qualify for the absolute lowest rates from premium funders.
- Single-product structure enables 4-6 hour underwriting and 24-48 hour funding, with standardized contracts that are easy to understand and execute quickly.
- Low origination fees of 1-3% are below the industry average of 2-5%, reducing the upfront cost deducted from advance proceeds.
Cons
- Daily ACH is the only repayment option; there is no weekly payment, bi-weekly payment, or split-withholding alternative, which limits flexibility for businesses whose revenue cycles do not align with daily debits.
- Fixed payments do not adjust downward during slow revenue periods, meaning the same \$275/day (or whatever the amount is) comes out whether the business does \$5,000 in sales or \$500; for businesses with highly variable daily revenue, a percentage-of-sales model from a different funder may be more appropriate.
- Maximum advance of \$350K is below larger funders like AFN (\$2M) or Rapid Finance (\$1M), and the practical ceiling for first-time applicants is typically \$100K-\$150K based on bank statement multiples.
- No restructuring or deferral options mean there is no relief valve; the payment is fixed and non-negotiable for the full term, which can create stress during unexpected business downturns.
User Reviews (24)
fair deal
did the job
would use again
My bank turned me down twice. Vox Funding approved me same day for $200K. Not cheap but it saved my Shopify store.
frustrating
Wouldn't recommend Vox Funding. Rate they quoted me was different from the contract. $8K at 1.27 when I was told it'd be lower.
better than expected
Didn't think I'd get approved bc my credit is garbage but Vox Funding looked at my bank statements and said yes. Got $18K for my restaurant. Maria was super helpful.
worst decision ever
ABSOLUTELY HORRIBLE. $12K from Vox Funding has been a nightmare since day 1. The debits, the calls when you're late, the attitude. My pawn shop almost went under. NEVER AGAIN.
think twice
Vox Funding was pushy from the start. Rep kept calling trying to get me to take more. I took $35K at 1.30. Already regretting it.
meh
Middle of the road. $150K for my auto shop. Daily payments were rough during slow weeks and they offered zero flexibility.
pleasantly surprised
Used them for my CrossFit gym. Fast and easy.
expected more
Vox Funding is just another MCA company. $60K at 1.24. They're all the same honestly. Fast money expensive money.
mostly positive
solid
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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.
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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.