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First Down Funding business loans review

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Alternative financing up to $300K with highly competitive rates.

  • Best for affordable alternative financing when you've exhausted other options.
  • Pick something else if you need more than $300,000.


Min. Amount


Max. Amount


Product NameFirst Down Funding business loans
Min. Amount$1,000
Max. Amount$300,000
Loan Term3 months to 10 years
RequirementsVaries by type of loan
Check eligibility

Expert review

Anna Serio

Review by

Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera,, and ValueWalk feature her professional advice, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

First Down Funding is an online lender that offers merchant cash advances and term loans to businesses that have struggled to get funding in the past. It could be a particularly good option if you’ve had a hard time qualifying for a loan due to your industry or credit score.

Its rates are generally more competitive than other alternative business lenders — they’re even lower than what you might find with mainstream online providers. But its hard-to-navigate website and lack of customer reviews make it hard to tell what you’re getting into before you apply.

Not sold on First Down Funding? Compare your other options below.

First, do I qualify?

First Down Funding is more flexible than your typical lender. There are no hard requirements to qualify for a loan in general, but you need to have a personal credit score of at least 500 to borrow more than $10,000. And to qualify for its merchant cash advance, you must have an average of $4,166 in deposits each month.

What makes First Down Funding business loans unique?

First Down Funding has highly competitive rates for an alternative lender — they’re even lower than what many mainstream online business lenders offer. And it’s super-low credit and income requirements make it easier to qualify with than other providers out there.


  • No prepayment penalties
  • Competitive rates compared to other online lenders
  • Works with bad credit and most industries


  • Difficult-to-navigate website
  • Few online reviews from customers
  • Potentially long turnaround

Compare other business loan options

Updated April 1st, 2020
Name Product Filter Values Loan amount Starting APR Requirements
First Down Funding business loans
$1,000 – $300,000
Varies by type of loan
Alternative financing up to $300K with highly competitive rates.
$500 – $5,000,000
Operate a business in the US or Canada, have a business bank account and have a personal credit score of 675+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
$5,000 – $500,000
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Kabbage Small Business Line of Credit
$500 – $250,000
1+ years in business, $100,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
$30,000 – $5,000,000
650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years
Get funding for your small business with a government-backed loan and extended repayment terms.

Compare up to 4 providers

How do I apply?

You can apply for a business loan from First Down Funding by filling out a short form online. Here’s how to get started:

  1. Click the Go to site button on this page.
  2. Complete the form with information about your business, yourself and other credit accounts.
  3. If you don’t own at least 50% of the company, provide information about other owners that can bring your combined ownership share to 50%.
  4. Review the authorizations before signing and dating the application.
  5. Click Apply Now.

After you submit the application, wait for First Down Funding to reach out with instructions on how to submit documents and complete your application. If approved, businesses typically receive funding within 24 to 72 hours.

What documents do I need to apply?

That depends on the type of loan and your business. Typically, lenders ask to see recent bank statements, tax returns and a profit and loss statement.

How do repayments work?

How repayments work also depends on the type of loan you take out. Long-term loans typically come with monthly repayments, while short-term loans might come with more frequent repayments. If you have a merchant cash advance, you’ll likely repay it with a percentage of your daily deposits.

If you have any questions about your loan or are worried about missing a repayment, reach out to customer service as soon as possible.

Find out how First Down Funding compares to other lenders by checking out our guide to business loans.

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