Platform Funding: High Max of $3M But Loan Details Hidden
Platform Funding isn't available on Finder right now.
- Min. Amount
- $5,000
- Max. Amount
- $3,000,000
- APR
- Not stated/varies by loan type
Our verdict
This lender offers high funding limits, but some options may be pricey.
Platform Funding is a business lender offering financing up to $3 million — higher than many online lenders. Its core product is revenue-based financing — aka merchant cash advances (MCAs) — and is a direct lender for that type of funding. But it also offers term loans, lines of credit and equipment leasing through its lending partners. There’s no hard credit check to qualify, and it can provide funding in as little as 24 to 48 hours. But it fails to disclose rates and fees, and MCAs are typically expensive.
Best for: Businesses with lower credit scores and strong revenues.
Pros
-
Funding up to $3 million
-
Multiple financing options
-
Accepts poor credit
Cons
-
Some financing options have high rates
-
Doesn’t disclose rates and fees
Is Platform Funding legit?
It seems like Platform Funding is a legitimate business lender, although it didn’t answer its phone even after calling several times. However, it did respond by email within an hour.
It has physical offices in Amherst, New York, Gardena, California and Miami, Florida, and it claims to have a 95% approval rating. To date, it’s helped more than 30,000 businesses with over $2 billion in funding.
What makes Platform Funding shine?
Platform Funding offers loans up to $3 million, which is on the high side for many online lenders. It also offers several loan options, including term loans, lines of credit and equipment leasing, aside from its MCA core product.
Platform Funding may be a good candidate for newer businesses with strong revenue but lower credit scores.
Where Platform Funding falls short
It’s unfortunate that Platform Funding doesn’t disclose its rates and fees for its business financing. It’s helpful to know how much it could cost before you apply so you can more easily compare options. Plus, MCAs are typically one of the more expensive forms of funding.
Platform Funding loan details
| Minimum credit score/credit range | Not stated/varies by loan type |
| APR | Not stated/varies by loan type |
| Loan amount | $5,000 to $3 Million |
| Terms | Up to 36 months |
| Approval turnaround | As soon as 24 to 48 hours |
| Availability | May not be available in all states |
| Fees | Not stated |
Platform Funding contact info
| Phone number | 866-473-1455 |
| Customer service hours | Not listed |
| info@platformfunding.com | |
| X, formerly Twitter | @PlatformFndng |
| @Platformfunding |
How to qualify for Platform Funding
Platform Funding has relatively lenient requirements to qualify for business financing.
- At least six months in business
- Average monthly revenue of $12,500
- Four most recent business bank statements
The company doesn’t specify a minimum credit score requirement, but it does say it accepts borrowers with poor credit.
How to apply
Follow these steps to apply with Platform Funding.
- Fill out the online application. The company says you’ll need to upload your four most recent business bank statements. You can also try calling to get started.
- Get paired with a funding specialist. You’ll be assigned to a loan specialist who’ll discuss your financing needs and come up with options based on your desired loan amount and business financials.
- Review your options. You may be offered one or more financing solutions. Be sure to carefully review rates, terms and other loan details before you sign.
- Receive your funds. Once you receive the loan proceeds, follow your repayment plan.
There’s only a soft credit pull to prequalify, which won’t affect your score, but some financing options may require a hard credit check prior to loan approval.
How Platform Funding compares to other lenders
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How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Platform Funding reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| Trustpilot Score | 4.9 out of 5 stars, based on 556 customer reviews |
| Customer reviews verified as of | 19 November 2025 |
Platform Funding has high marks on Trustpilot, with 98% of reviewers giving it four or five stars. Customers praise the quick and easy process, fast turnaround and helpful loan representatives. But some reviewers complain of unprofessional service, pushy sales calls and having to submit too much documentation only to get denied for funding.
Platform Funding is accredited by the Better Business Bureau (BBB) with an A+ rating, but it doesn’t have any customer reviews or complaints.
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