ERC Funding Review

Pros

• Fast & easy ERC claims process
• ERC advances
• No upfront fees
• Claims submitted to IRS within 1-3 weeks

Cons

• Nontransparent fees
• Few user reviews
• Limited customer support

What Is ERC Funding?

ERC Funding LLC is a New Jersey-based company that specializes in the Employee Retention Credit. This company emphasizes maximizing ERC refunds while ensuring compliance with IRS guidelines. The company notes that it has helped hundreds of clients, including Archadeck Outdoor Living, Dunkin’ Donuts, Sonic, and Noodles & Company.

ERC Funding has a fast and easy ERC claims process, helping its clients to submit ERC claims in as little as one week. ERC Funding also provides ERC advances to eligible businesses that can’t wait several months or longer to receive their refunds from the IRS.

ERC Funding Services

ERC Funding LLC specializes in helping eligible business owners claim the Employee Retention Tax Credit.

ERC Funding Fees

ERC Funding isn’t transparent when it comes to fees. The company does not provide any details as to the amount that it charges for its services. This isn’t particularly unusual for an ERC company. However, many companies that don’t disclose their ERC fees upfront at least have a few user reviews that indicate whether the fees or competitively priced or too expensive. Unfortunately, ERC Funding doesn’t have any such reviews. This had a negative impact on our rating.

ERC Funding does disclose that fees are paid after the ERC refund check has been disbursed.

If you’re looking for an ERC company that is more forthcoming with its pricing, Innovation Refunds and Lendio both have transparent, competitive pricing fees.

ERC Funding Features

ERC Funding LLC specializes in ERC, so businesses searching for a more comprehensive tax or financial solution will want to look elsewhere. However, if you’re searching for a company that helps you maximize your ERC, you may find what you’re looking for here. The number of features, including ERC advances and audit support, contributed to ERC Funding LLC’s solid rating in this area.

ERC Funding LLC offers:

• Eligibility Quiz: ERC Funding LLC offers an easy eligibility quiz that allows you to find out if you’re eligible for the ERC in just 30 seconds.
• ERC Filing: ERC Funding provides ERC services, which include calculating your ERC, preparing your amended return, and submitting it to the IRS. ERC Funding focuses on maximizing your refund while ensuring your claim is compliant with IRS guidelines.
• ERC Advances: ERC Funding offers an ERC advanced buyout program, which allows you to receive your refund in one to three weeks. The company will purchase your incoming refund and will pay up to 90% of your refund claim amount.
• ERC Audit Assistance: Although it doesn’t provide many details on this service, ERC Funding LLC states that it will help business owners who have been audited for their ERC claims.
• ERC Review: Business owners who have submitted their claims or have received their refunds can turn to ERC Funding for an ERC review to ensure that everything was done correctly.
• Referral Program: ERC Funding has a partnership program for CPAs and other professionals who have clients that are eligible for ERC.

ERC Funding ERC Refund Process & Timeline

ERC Funding has an easy process for claiming your ERC refund. The first step is to fill out a quick online form to get in touch and find out if you qualify for ERC. If you qualify, you’ll submit documentation and information to ERC Funding.

Once all information has been submitted, ERC Funding will calculate your refund. Finally, the company will assist you with filing your claim with the IRS, which will then issue your check.

ERC Funding states that it generally files claims with the IRS within one to three weeks. Once submitted, the IRS may take anywhere from a few months to a year or longer to disburse funds. ERC Funding does offer ERC advances, which allows you to receive your funds in just a few weeks instead of waiting for the IRS to issue a check. Fast processing times and the availability of ERC advances contributed to the company’s high rating.

ERC Funding Customer Service

ERC Funding leaves a lot to be desired in terms of customer service. The company doesn’t provide a phone number to get in touch and has a limited social media presence. Lacking these basic forms of communication brought the company’s score down for customer service.

ERC Funding does have an email address, an online form to get in touch, and a LinkedIn profile. There is also an additional form that can be used to see if you qualify for ERC. The company also has a blog and videos that provide useful information about the ERC.

ERC Funding Reviews

Unfortunately, ERC Funding LLC doesn’t appear to have any user reviews on independent review sites, which negatively impacted our rating. The company does, however, have a handful of positive testimonials on its website.

ERC Funding Complaints

As the company doesn’t have any online reviews, there aren’t any specific complaints to address. However, some issues that customers may face include:

• Nontransparent fees
• No phone number for initial contact
• Limited information about specific services (i.e., audit assistance)

Positive ERC Funding Reviews

ERC Funding LLC has a few positive testimonials on its website. These customers most liked the company’s:

• Responsive & knowledgeable team
• Thorough & diligent ERC claims process
• Maximum refunds while maintaining compliance

Is ERC Funding Worth It?

ERC Funding has a few good things going for it. It has a fast and easy claims process and typically submits claims to the IRS within one to three weeks. Its ERC advance buyout program also provides fast funding to businesses that can’t afford to wait months for their refund checks to arrive. It also doesn’t require upfront fees for its services, and it will assist with ERC reviews or IRS audits.

However, there are a few concerns worth noting. The company doesn’t disclose its phone number, so potential clients can only get in contact through email or via an online form. The company has a very limited social media presence, and user reviews are nonexistent — except for the few testimonials posted on its website.

It doesn’t hurt to reach out to ERC Funding LLC to learn more about its services and fees, but make sure to compare your options. Start your search by checking out our list of the best ERC companies before committing.

ERC Company Review Methodology

We spend hours researching and evaluating each ERC company that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our service provider ratings.

When rating ERC companies, we use a 22-point rubric that looks at fees, features, refund process and timeline, customer service, and user reviews. We weigh each section differently to calculate the total star rating.

• Fees: 20% of the total star rating
• Features: 30% of the total star rating
• Refund Process & Timeline: 35% of the total star rating
• Customer Service: 5% of the total star rating
• User Reviews: 10% of the total star rating

Each section is further broken down into granular, weighted subsections, in which we look at specific attributes, like whether reduced fees are available for upfront payments, the availability of ERC loans and advances, audit protection, and no-cost ERC consultations.

Learn more about how we rate ERC providers.