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Fundera business loans review

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Get connected with short-term funding, SBA loans, lines of credit and more.

  • Best for business owners looking to compare multiple offers and products at once.
  • Pick something else if you want cut-and-dry eligibility criteria.


Min. Amount


Max. Amount


Product NameFundera business loans
Min. Amount$2,500
Max. Amount$5,000,000
Loan Term3 to 300 months
Min. Credit Score680
APR7% to 30%
Requirements$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
Check eligibility

Expert review

Kathryn Pomroy

Review by

Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.

Expert review

Fundera business loans are best for small business owners who want to look at several options before signing on the dotted line. Its lending specialists match borrowers to a slew of potential products, letting you compare all offers and choose the one that best fits the needs of your business.

Its willingness to work with business owners with no credit or less-than-perfect credit makes it a viable solution to startups or owners trying to get back on their feet. And it’s fast — you might be able to get your funds in just one day.

But unlike other business loan connection services, it doesn’t have any hard-and-fast eligibility requirements. This means you’ll have to fill out its online form to see if you even qualify. And you might be asked to secure your loan with collateral depending on the lender you’re connected with and your business’s finances.

Not sure Fundera is right for you? Take a peek at other business loan options below.

First, do I qualify?

Fundera doesn’t disclose qualifications for each specific loan type. However, it does explain that most business owners who were approved for a loan met these criteria:

  • Annual revenue of over $300,000
  • A personal credit score of 680 or higher
  • In business for more than three years

What makes Fundera business loans unique?

Fundera is a one-stop-shop that makes getting financing for your business a breeze. You simply answer a few questions online about your business and Fundera connects you with a specialist who finds the best loan options for your unique situation — all for free. If approved, you may be able to get your funds as soon as the next day.

It offers SBA loans, business term loans, business lines of credit, startup business loans, equipment financing, short-term business loans, personal loans for business, invoice financing and merchant cash advances. It claims to have helped over 35,000 small businesses secure more than $1 billion in funds.

What is Fundera?

Fundera is a connection service that provides expert advice and business loan options through a network of partners like BlueVine, Kabbage, Credibly, Paypal and more. It offers six types of business loans — here’s how they break down:

Best for…Loan amountsLoan termsAPRTurnaround

SBA loans

Business owners who want a low down payment and extended repayment terms

$5,000 to $5,000,000

5 to 25 years

Starting at 7.75%

As soon as 2 weeks

Small business term loans

Business owners who want longer payment terms and lower monthly payments

$25,000 to $500,000

1 to 5 years

7% to 30%

As soon as 2 days

Business line of credit

Business owners who want access to funds any time

$10,000 to $1 million

6 months to 5 years

7% to 25%

As soon as 1 days

Startup business loans

Business owners who need quick access to cash and don't mind using equipment as collateral

Up to $150,000

6 months to 4 years

7.9% to 19.9%

As soon as 2 weeks

Startup business loans

Business owners who need quick access to cash and don't mind using equipment as collateral

Up to $150,000

6 months to 4 years

7.9% to 19.9%

As soon as 2 weeks

Short-term business loans

Business owners with less-than-perfect credit

$2,500 to $250,000

3 to 18 months

Starting at 10%

As soon as 1 day

Personal loans for business

Business owners just starting out

Up to $35,000

3 to 5 years

5.99% to 35%

As soon as 1 day

What are the benefits of a Fundera business term loan?

Since each type of loan and partner lender varies, it’s difficult to pin down the specific benefits of a Fundera business loan. In general, you’ll get:

  • Fast funding. Depending on the type of loan you take out, you may be able to get your funds in just one day.
  • Bad credit OK. Several types of loans are available to owners with no credit or bad credit.
  • Easy process. Fill out a fully online form and get matched with a Fundera specialist who helps you choose the best loan for your business’s needs.
  • Wide range of amounts. Borrow as little as $2,500 all the way up to $5,000,000 depending on the type of loan you take out.

What to watch out for

Consider these potential drawbacks before using Fundera’s connection service:

  • Unclear eligibility criteria. Fundera doesn’t disclose the eligibility requirements for its business loans online, meaning you’ll have to fill out its online form to see if you even qualify.
  • Might require collateral. Depending on the lender, type of loan and your credit score, you may be required to provide collateral.
  • Unknown fees. You might be on the hook for origination, application, processing, prepayment or guarantee fees — it varies by lender.

Compare other business loan options

Data indicated here is updated regularly

Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000 – $5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK

Compare up to 4 providers

What do borrowers say about Fundera?

Mostly good things, as of February 2020. On Trustpilot, Fundera shines with over 86% of customers giving it an excellent rating. Most were impressed with how easy it was to work with the connection service — highlighting the fast process and impressive response time. A high-point was great customer service overall, but a few customers complained of pushy sales reps, less-than-truthful promises and drawn-out funding.

Earning a few brownie points, Fundera did a good job answering negative reviews on Trustpilot.

Fundera also ranks high on the Better Business Bureau (BBB) with an A+ rating and one 5-star customer review that said the company was easy to work with. It’s been accredited with the BBB since 2016.

How do I get started?

You can begin the process of getting matched with a lender online. Follow these steps to get started:

  1. Go to Fundera’s website and click Get Started in the top right corner.
  2. Enter the date you started your business.
  3. Follow the directions to complete your application — you’ll be asked questions about your monthly revenue and how much money you need.
  4. Submit your form.

From here, a Fundera specialist will reach out to you with offers for different types of loans from different lenders, typically within a couple of hours. At this point, Fundera may ask for additional information and documents. You can then discuss your options and select the one that best meets your needs. You’ll then work with Fundera to submit a full application to its partner lender.

If approved, you’ll receive the maximum loan term and loan amount you qualify for, along with fees, repayment options and your APR. If you want to go through with the loan, sign your documents and wait for funding, which can take anywhere from one day to two weeks depending on the type of loan you take out.

What documents do I need to submit?

You’ll need to provide the following documents during the application process:

  • Driver's license
  • Voided business check
  • Business bank statements
  • Business balance sheet

How do repayments work?

How repayments work depends on the type of loan you take out and the lender you’re ultimately connected with. Ask if you can sign up for automatic withdrawals from your business bank account, which can be especially convenient if payments are to be made weekly or biweekly.

If you need help or see a mistake on your business bank account, reach out to your lender’s customer service team.

Still not sure Fundera is right for you? Check out our business loans guide to compare other lenders. Or use our business loan calculator to compare the total cost of two business loans to find the best offer.

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