# T CAPITAL FUNDING, LLC X-17A-5 (2026-03-24) — Broker-dealer annual report - Company: T CAPITAL FUNDING, LLC - Form: X-17A-5 - Filed: 2026-03-24 - Period: 2025-12-31 - Accession: 0001259170-26-000001 - CIK: 1259170 - File #: 8-66106 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Amber Clarke - Phone: 321-280-5235 - Email: tcfac@tcapitalfunding.com - Website: tcapitalfunding.com - Signed by: Amber Clarke (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1259170/000125917026000001/tcappub.pdf --- {0}------------------------------------------------ **UNlfED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-66106 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | FACING PAGE | | | | |-------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------------|-----------------------------------------|---------------------------|--| | | | | AND ENDING 12/31 /25 | | | | FILING FOR THE PERIOD BEGINNING 0 1/01 /25 | | MM/DD/VY | | MM/DD/VY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAMEOFFIRM: T CAPITAL FUNDING, LLC | | | | | | | TYPE OF REGISTRANT {check all applicable boxes):
0 Broker-dealer
0 Check here if respondent is also an OTC derivatives dealer | D Security-based swap dealer | | □ Major security-based swap participant | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | 600 Northlake Blvd., Suite 175 | | | | | | | | {Nor and Street) | | | | | | Altamonte Springs | | FL | | 32701 | | | {City) | | {State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILI NG | | | | | | | Amber Clarke | 321-280-5235 | | | TCFac@tcapitalfunding.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
RUBIO CPA, PC | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 3500 Lenox Road NE Suite 1500 Atlanta | | | GA | 30326 | | | (Address) | (City) | | (State) | (Zip Code) | | | 5/5/09 | | | 3514 | | | | r&
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CEO | |---------------------------------------| #### **This filing\*\* contains {check all applicable boxes):** - **f!!!** (a) Statement of financial condition. - **f!!!** (b) Notes to consolidated statement of financial condition. - D (c) Statement of income {loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation 5-X). - D (d) Statement of cash flows. - 0 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f] Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.1Sc3-1 or 17 CFR 240.18a-1, as applicable. - D (i) computation of tangible net worth under 17 CFR 240.18a-2. - D {j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (1) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - 0 (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - 0 (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - ~ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D {rl Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - I!! (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - I!! (t) Independent public accountant's report based on an examination of the statement offinancial condition. - 0 (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - I!! (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - D {y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D (z) other:------------------------------------- - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e){3} or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ T Capital Funding, LLC Financial Statements December 31 , 2025 With Report of Independent Registered Public Accounting Firm Public Document {3}------------------------------------------------ ### T Capital Funding, LLC ### December 31 , 2025 #### Contents | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Financial Statement | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3-5 | {4}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995 ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of T Capital Funding, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of T Capital Funding, LLC (the "Company") as of December 31, 2025, and the related notes ( collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement to the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2025. March 24, 2026 Atlanta, Georgia **~CA\f(..** Rubio CPA! PC {5}------------------------------------------------ ## T Capital Funding, LLC Statement of Financial Condition December 31 , 2025 ### Assets | Cash
Due from member
Prepaid expenses and other assets
Property and equipment, less accumulated depreciation of \$18,605 | \$
312,399
547
31 ,617
928 | |-----------------------------------------------------------------------------------------------------------------------------------|----------------------------------------| | Total assets | \$
345,491 | | Liabilities and member's equity
Liabilities | | | Due to member
Accounts payable and accrued expenses
Total liabilities | \$
35,488
8,551
44,039 | | Member's equity
Total liabilities and member's equity | \$
301,452
345,491 | See accompanying notes to financial statements {6}------------------------------------------------ #### T Capital Funding, LLC Notes to Financial Statement December 31 , 2025 #### Note 1 - Organization and Nature of Business T Capital Funding, LLC (the "Company") was organized on January 30, 2003 and is wholly owned by Taurus Investment Holdings, LLC (the "Member"). The Company is a broker-dealer registered with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, Inc. The primary revenue source of the Company is earning commissions for raising capital for real estate projects. #### Note 2 - Summary of Significant Accounting Policies #### Basis of Accounting The financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. #### Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United State of America ("U.S. GAAP") requires management to make estimates and assumptions. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and reported revenues and expenses. Actual results could differ from those estimates. #### Cash The Company maintains its bank accounts in a high credit quality financial institution. The balances at times may exceed federally insured limits. Management does not believe the Company is exposed to any significant credit risk from balances in excess of federally insured limits. #### Accounts Receivable Accounts receivable are non-interest bearing uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible amounts is based on the Company's collection experience, customer credit worthiness and current economic trends. #### Property and Equipment Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the respective assets. Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized. When items of property or equipment are sold or retired , the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in the results of operations. #### **Income Taxes** The Company is a single-member limited liability company and is considered a disregarded entity for federal income tax purposes. As such, the Company's taxable income or loss is reported within the Member's income tax return. {7}------------------------------------------------ #### T Capital Funding, LLC Notes to Financial Statement December 31 , 2025 #### Note 2 - Summary of Significant Accounting Policies (continued) #### Income Taxes (continued) The Company follows Accounting for Uncertainty in Income Taxes which clarifies the accounting and disclosures for uncertain tax positions related to income taxes recognized in the financial statements and addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. At December 31 , 2025, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. #### Note 3 - Regulatory Requirements As a registered broker-dealer, the Company is subject to the net capital provisions of SEC Rule15c3-1 , which requires the maintenance of a minimum net capital , as defined, equal to the greater of \$5,000 or 6 2/3% of aggregate indebtedness. At December 31 , 2025, the Company had net capital of \$268,360 which exceeded its requirement by \$263,360. The ratio of aggregate indebtedness to net capital was .16 to 1. #### Note 4 - Related Party Transactions The Company earned all of its commissions from private placements and service fees revenues from real estate partnerships for which the Company's Member serves as both the general partner and sponsor. The Company has an expense sharing agreement with its Member. Under the terms of this agreement, the Company reimburses the Member for certain expenses including its allocable share of payroll and benefits, technology costs, and certain administrative expenses. The amount expensed by the Company pursuant to this agreement for the year ended December 31 , 2025 was approximately \$447,359. Approximately \$34,995 of the balance due to Member within the accompanying statement of financial condition arose from this agreement. Separately, the Member at times pays operating expenses on behalf of the Company and the Company at times pays operating expenses on behalf of the Member for which reimbursement is subsequently requested. Approximately \$493 of the balance due to Member within the accompanying statement of financial condition arose from the Member's payment of expenses on behalf of the Company that had yet to be reimbursed by the Company as of December 31 , 2025. The balance due from Member within the accompanying statement of financial condition arose from the Company's payment of expenses on behalf of its Member that had yet to be reimbursed by the Member as of December 31 , 2025. The Company has a month-to-month sublease agreement with its Member for office space. The total amount expensed by the Company pursuant to this agreement for the year ended December 31 , 2025 was \$13,601. The Company has elected to not recognize a right of use asset and lease liability as the lease term is less than 12 months and does not include an option to purchase that the Company is reasonably certain to exercise. Financial position and results of operations could differ from the amounts in the accompanying financial statements if these related party transactions did not exist. {8}------------------------------------------------ #### Note 5 - Contingencies The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31 , 2025. #### Note 6 - Segment Reporting The Company's chief operating decision maker is its chief executive officer. The Company has one reportable segment: private placement of direct participation programs. The accounting policies of this segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker assesses performance for the segment and decides how to allocate resources based on net income as is reported within the accompanying statement of operations. Additionally, the chief operating decision maker uses excess net capital (see Note 3), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. The Company's operations constitutes a single operating segment and therefore, a single reportable segment, because the chief operating decision maker manages the business activities using information of the Company as a whole. #### Note 7 - Subsequent Events Management has performed an evaluation of events that have occurred subsequent to December 31 , 2025, and through the date these financial statements were issued. {9}------------------------------------------------ **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-899 5 ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of T Capital Funding, LLC We have reviewed management's statements included in the accompanying Broker Dealers Annual Exemption Report in which (I) T Capital Funding, LLC did not claim an exemption from Rule I 5c3-3 in reliance upon Footnote 74 of the 2013 Release, (2) T Capital Funding, LLC stated that it conducted business activities involving private placement of direct participation programs activity throughout the year ended December 31, 2025, without exception, and (3) T Capital Funding, LLC stated that T Capital Funding, LLC met the identified conditions for such reliance throughout the most recent fiscal year without exception. T Capital Funding, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about T Capital Funding, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 of the 2013 Release. **11 .. lJ.. ""' Pc,** R~CPA~PC March 24, 2026 Atlanta, GA {10}------------------------------------------------ Management Statement Regarding Compliance with The Exemption Provision of Sec Rule 15c3-3 To Whom it May Concern: We, as members of management of T Capital Funding, LLC (the "Company") are responsible for complying with Rule 17a-5, "Reports to be made by certain brokers and dealers". We have performed an evaluation of the Company's compliance with the requirements of Rule 17a-5 and the exemption provisions in Rule 15c3-3(k) (the "exemption provisions ") and of the 2013 Release adopting amendments to Rule 17a-5, including Footnote 74 of the 2013 Release. We have determined that the Company does not meet any of the exemption conditions of paragraph (k) of Rule 15c3-3 (i.e., paragraph (k)(l), (k)(2)(i) or (k)(2)(ii)) but also (1) does not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Exchange Act Rule 15c2-4 ("Rule 15c2-4"); (2) does not carry accounts of or for customers; and (3) does not carry PAB accounts (as defined in Rule 15c3-3) and therefore is covered by Footnote 74 of the 2013 Release. Accordingly, based on our evaluation we make the following statements to the best knowledge and belief of the Company: - 1. We reviewed the provisions of Rule §15c3-3 and related guidance stated in the SEC Staffs FAQ and confirmed that the Company relied on Footnote 7 4 of the 2013 Release. - 2. The Company conducted business activities involving private placement of direct participation programs activity throughout the year ended December 31, 2025 without exception. - 3. The Company met the identified conditions for such reliance throughout the period January 1, 2025 to December 31, 2025 without exception. ~ ~ Signed: \_\_\_\_\_\_\_\_\_\_\_\_\_ \_ Name: Amber Clarke Title: CEO Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.