We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

First Down Funding business loans review

Last updated:  

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
Go to First Down Funding's website

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, Business.com, 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 February 18th, 2020
Name Product Filter Values Min. Amount Max. Amount Requirements
LoanBuilder, A PayPal Service Business Loans
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
Customizable loans with no origination fee for business owners in a hurry.
Become Business Loan Marketplace
12+ months in business and $10,000+ monthly revenue
Compare loan offers from top lenders using this marketplace. It’s free & won’t affect your credit.
National Business Capital Business Loans
Your company must have been in business for at least 6 months and have an annual revenue of at least $100,000.
Get a large business loan to cover your financing needs, no matter what the purpose is.
OnDeck Small Business Loans
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
1+ years in business, $50,000+ 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.
BlueVine Term Loan
6+ months in business, $100,000+ annual revenue, 600+ credit score.
Get approved for a business loan in as little as 5 minutes. Applications won't affect your credit score.
Sheer Funding Business Loans
6+ months in business, 550+ credit score, $150,000+ annual revenue, eligible industry
Multiple financing options available for business owners with less-than-perfect credit scores.
Efundex long-term business loans
2+ years in business, 620+ credit score, not a sole proprietorship or nonprofit, strong financial history
Financing for high-risk industries with transparent rates and terms.
First Union Lending Unsecured Long-Term Business Loan
450+ credit score, 3+ months in business, $15,000+ monthly revenue, no open bankruptcies
Unsecured funding and more for all credit types.
LendingTree Business Loans
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but many require good personal credit, minimum annual revenue and minimum time in business
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.
Lendio Business Loan Marketplace
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
First Down Funding business loans
Varies by type of loan
Alternative financing up to $300K with highly competitive rates.

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.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site