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FundKite business loans review

Alternative funding up to $2 million for businesses in high-risk industries with less-than-stellar credit.

  • Best for businesses in high-risk industries that need fast funding but lack a good credit score.
  • Pick something else if you’ve been in business for less than one year.
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Min. Amount$100,000
Max. Amount$2,000,000
Loan TermAs soon as 1 business day
APRNot stated
RequirementsAges 21+, 1+ years in business, 4 months of business bank statements Restricted uses: Only caters to business in 19 industries

First, do I qualify?

Unfortunately, you won’t know if you qualify until you fill out FundKite’s one-page online application and submit your last four months of business bank statements. At a minimum, you need to meet the following criteria:

  • At least 21 years old
  • In business at least one year
  • Submit four months of business bank statements

FundKite also considers your industry type, credit history and verified revenue. You may also be required to submit other documents outside of the four months of business bank statements.

What makes FundKite unique?

FundKite is both a direct lender and marketplace that works with banks, brokers and other financial institutions to get businesses funding when you can’t qualify for a traditional loan. It offers high funding amounts between $100,000 and $2,000,000 with no personal collateral or assets required. It also stands out for its willingness to work with companies in high-risk industries or that don’t have the best credit.

What industries does FundKite work with?

FundKite works with businesses in several high-risk industries that might have trouble qualifying for funding from traditional lenders, including:

  • Auto repair
  • Child care
  • Construction
  • E-commerce and online stores
  • Florists
  • Health and wellness
  • Hospitality
  • Landscaping
  • Manufacturers
  • Marketing consultants
  • Medical
  • Pharmacies
  • Property management
  • Rehabilitation centers
  • Restaurants
  • Retail
  • Technology and IT services
  • Veterinarians
  • Wine and liquor


  • No application fees. FundKite mentions no fees to fill out an application, but doesn’t list any other fees it may charge.
  • Fast turnaround. You can get preapproved in 15 minutes and possibly have funds in your account in just one business day.
  • Experts on hand. FundKite will set you up with a loan specialist who helps you choose the best option for your needs.
  • Bad credit OK. While both your business and personal credit score are taken into consideration, they’re not the main criteria for getting approved.
  • Open to high-risk industries. Construction, wine and liquor, and manufacturing are just a few of the high-risk industries it’s willing to work with.


  • Not open to startups. You need to be in business for more than one year to apply.
  • Limited information online. FundKite doesn’t disclose fees, rates or terms on its website.
  • No option to prequalify. Submitting FundKite’s online form requires a hard credit check, which can temporarily lower your credit score.
  • Nonresponsive customer service. We reached out to customer service via online chat several times and never heard back. You may have the same trouble.

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How do I apply?

You can apply online in just minutes by following these steps:

  1. Go to the FundKite website and click Apply Now in the top right corner.
  2. Fill in information about your company and the business owner.
  3. Enter your industry type, the purpose for funding, yearly gross sales and amount needed.
  4. Read the privacy policy and check the box Agree.
  5. Enter your signature and click Submit.

By filling in your information and signing the form, you agree that FundKite can obtain your credit score and history from one of the credit reporting agencies. After that, you should hear back about approval in just three hours.

Once you pick a loan option that works for you, funds can be transferred to your account via ACH in as little as one business day.

What documents do I need to apply?

The only documents FundKite specifically calls for are your last four months of business bank statements.

However, since FundKite doesn’t work with startups or companies in business for less than a year, you likely also have to show when you filed for your business name and type of entity.

How do repayments work?

FundKite doesn’t disclose any information about how repayments work. We reached out to customer service a number of times and didn’t hear back. Commonly, repayments depend on several criteria, such as your loan amount and loan term.
Signing up for automatic payments, if it’s an option, can be helpful since it’s one less thing you have to worry about. Some lenders even offer a rate discount for this. Either way, always keep an eye on your bank account balance, and if you notice anything off, contact FundKite as soon as possible.

Want to compare other lenders before deciding on a business loan? Check out our guide to business loans where you can weigh all of your options.


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

FundKite is an alternative lender that provides fast funding for small and midsized companies — even those with bad credit. The online process to get preapproved takes minutes, followed by speaking with a FundKite in-house specialist who walks you through the process and lets you know how much you qualify for. It’s also willing to work with businesses in high-risk industries like construction and manufacturing that may have struggled to qualify for traditional business financing.

FundKite does not, however, offer business loans to startups or businesses that have been around less than a year. And although it takes pride in its claim of transparency, no fees, rates, terms or pricing are listed on its website. To get that information, you’ll have to fill out an application, get preapproved and talk with a FundKite specialist — which requires a hard credit check.

Not sure FundKite is right for you? Compare other business loan options below.

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