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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 months to 25 years
Requirements$300,000+ of annual revenue, 680+ of personal credit score, in business for 3+ years

Expert review

Kathryn Pomroy

Review by

Kathryn Pomroy is a writer at 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. Yum.

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 amountsRatesTermnsTurnaround
SBA loansBusiness owners who want a low down payment and extended repayment terms$5,000 to $5,000,0005 to 25 yearsStarting at 7.75%As soon as 2 weeks
Small business term loansBusiness owners who want longer payment terms and lower monthly payments$25,000 to $500,0001 to 5 years7% to 30%As soon as 2 days
Business line of creditBusiness owners who want access to funds any time$10,000 to $1 million6 months to 5 years7% to 25%As soon as 1 days
Startup business loansBusiness owners who need quick access to cash and don’t mind using equipment as collateralUp to $150,0006 months to 4 years7.9% to 19.9%As soon as 2 weeks
Startup business loansBusiness owners who need quick access to cash and don’t mind using equipment as collateralUp to $150,0006 months to 4 years7.9% to 19.9%As soon as 2 weeks
Short-term business loansBusiness owners with less-than-perfect credit$2,500 to $250,0003 to 18 monthsStarting at 10%As soon as 1 day
Personal loans for businessBusiness owners just starting outUp to $35,0003 to 5 years5.99% 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

Updated February 28th, 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.
First Union Lending Unsecured Long-Term Business Loan
450+ credit score, 1+ year in business, $25,000+ monthly revenue, no open bankruptcies
Unsecured funding and more for all credit types.
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.
BlueVine Business Loans
6+ months in business, $10,000 in monthly revenue, 600+ personal credit score.
Get approved for a business loan in as little as 5 minutes. Applications won't affect your credit score.
First Down Funding business loans
Varies by type of loan
Alternative financing up to $300K with highly competitive 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.
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.
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.
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.

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
  • Profit & loss (P&L) statements
  • Credit score
  • Business tax returns for the last two years
  • Personal tax returns

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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