Mulligan Funding

Mulligan Funding

Short-term working capital loans for SMBs

Overview

Mulligan Funding provides working capital loans to small and medium-sized businesses in the United States, operating in the alternative lending market. It offers short-term, flexible-repayment loans to help business owners manage cash flow, expand operations, or cover unexpected expenses. The company uses a mix of technology and human underwriting to assess creditworthiness, enabling quick approvals and a streamlined application process. Unlike traditional banks, it focuses on SMBs that may not qualify for bank loans and prioritizes personalized customer service. Mulligan Funding aims to build long-term relationships with clients by offering timely financing and guidance that supports sustained growth.

About Mulligan Funding

Simplify's Rating
Why Mulligan Funding is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$15M

Headquarters

San Diego, California

Founded

2008

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Simplify's Take

What believers are saying

  • In May 2026, KBRA rated Mulligan's senior notes AA.
  • Mulligan says it has funded over $1.7 billion by February 2026.
  • The new $100 million securitization can expand to $500 million.

What critics are saying

  • A January 31, 2026 revolving-end clause can trigger rapid amortization.
  • A federal judge recommended default judgment in Mulligan's Tommy Interior case.
  • If ABS investors pull back, origination volume collapses and revenue stalls.

What makes Mulligan Funding unique

  • Mulligan combines direct lending with dedicated advisors and CEO access for borrowers.
  • It offers same-day funding up to $10 million across 3-to-24-month terms.
  • Its 2026 ABS platform gives it institutional capital unavailable to smaller lenders.

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Funding

Total Funding

$15M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Parental Leave

Gym Membership

Employee Referral Bonus

Company Social Events

Company News

PR Newswire
Mar 7th, 2023
Responding To Need For Blood, A San Diego Blood Drive Will Be Held On

Claudine Van Gonka. . Hosting a blood drive is one of the most impactful ways to help families in Southern California. We are extremely grateful that TerraPro Solutions, BBB Pacific Southwest's San Diego Campus, Mulligan Funding and Appstar have joined forces to host a life-saving blood drive

Mulligan Funding
Aug 17th, 2022
Mulligan Funding, LLC recognized as Best Places to Work SoCal 2022 on Aug 17th 22'.

Today Mulligan Funding announced it has been named on the prestigious Best Places to Work SoCal 2022 list by Best Companies Group, a BridgeTower Media Company.

PR Newswire
Aug 17th, 2022
Terrapro Solutions, Better Business Bureau (Bbb) Serving The Pacific S

Claudine Van Gonka Hosting a blood drive is one of the most impactful ways to help families in Southern California. We are extremely grateful that TerraPro Solutions, BBB Pacific Southwest's San Diego Campus and Mulligan Funding have joined forces to host a life-saving blood drive. The life-saving work of the San Diego Blood Bank serves hospitals in Southern California, including trauma centers and neonatal intensive care units. A single donation can help save up to three lives. As Southern California continues to grow, the need to expand blood collections in the region is critical. Every donation saves lives

PYMNTS
May 24th, 2022
Nuula partners with Mulligan Funding, LLC

FinTech company Nuula, which provides small businesses with tools and capital, will partner with Mulligan Funding to offer term loans up to $2 million through its app, a press release said Tuesday (May 24).

PR Newswire
May 24th, 2022
Nuula Launches Term Loan For U.S. Small Businesses, Entrepreneurs

TORONTO, May 24, 2022 /PRNewswire/ -- Nuula, a fintech company focused on providing small businesses with the tools and the capital they need to succeed, today announced that it has partnered with Mulligan Funding to offer Term Loans of up to $2MM, through the Nuula app. With Nuula's new...

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