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Sure Funding Solutions business loans review

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Get short-term funding up to $500K as soon as later today.

  • Best for new businesses in need of same-day emergency funding.
  • Pick something else if you have inconsistent cash flow.

$500,000

Max. Amount

Details

Product NameSure Funding small business loans
Max. Amount$500,000
Loan TermUp to 3 years
Requirements3+ months of revenue, $5,000+ in your business checking account, no open bankruptcies

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 commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Sure Funding is an online provider that offers short-term business loans and merchant cash advances. It might be a good option if your business is just getting started and needs emergency funding. You only need to generate revenue for three months to qualify and can potentially get your money the same day, depending on your application and when you apply.

But this loan comes with frequent repayments and short terms compared to more traditional providers. If you rely on invoices or have cashflow gaps, you might want to look for a loan with more flexibility.

Not sold on Sure Funding? Compare other options below.

First, do I qualify?

You must meet the following requirements at a minimum to qualify for a loan with Sure Funding:

  • Three months of revenue or more
  • At least $5,000 in your business bank account
  • No open bankruptcies

While Sure Funding offers up to $500,000 in funding, how much you can qualify for depends on your business. Typically, you can get up to 25% of your annual revenue.

What makes Sure Funding small business loans unique?

Sure Funding has a uniquely fast turnaround time, even for an alternative business loan provider. You can get approved in as quick as one hour and potentially funded the same day you apply, though it depends on the time of day.

The cost of its merchant cash advance also works a little differently than other providers. While most charge a flat fee, Sure Funding charges a monthly interest rate starting at 1.8% per month — the equivalent of a 21.6% APR.

Pros

  • Offers same-day funding
  • No collateral required
  • New businesses can qualify

Cons

  • Daily or weekly repayments
  • Personal guarantee on term loan
  • Monthly interest

    Compare other business loan options

    Data indicated here is updated regularly
    Name Product Filter Values Loan amount Starting APR Requirements
    Lendio
    $500 – $5,000,000
    6%
    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.
    SmartBiz
    $30,000 – $5,000,000
    4.75%
    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.
    Fundera
    $2,500 – $5,000,000
    7%
    $300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
    Get connected with short-term funding, SBA loans, lines of credit and more.
    Credibly Business Loans
    $5,000 – $250,000
    6+ months in business, $180K annual business revenue, 500+ credit $15K+ in monthly deposits
    Funding to cover business expenses with daily or weekly repayments.
    LendingClub small business loans
    $5,000 – $500,000
    9.77%
    12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
    With loan terms that vary from 1 to 5 years, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
    Main Street Finance Group Business Loans
    $5,000 – $1,000,000
    Varies
    1+ years in business, $10,000+ monthly revenue
    Apply online and get approved within hours with minimal paperwork. Multiple financing options available.
    Monevo Business Loans
    $500 – $100,000
    3.99%
    Credit score of 500+, legal US resident and ages 18+.
    Use this connection service to get paired with a loan you can use for business.
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    Compare up to 4 providers

    How do I apply?

    You can apply by filling out a quick form online. Follow these steps to get started:

    1. Go to the Sure Funding Solutions website.
    2. Click Get Started.
    3. Fill out the form with your name, contact information and business revenue. Click Submit.

    After you’ve submitted your application, wait for a representative to get in touch to walk you through the next steps. If you don’t hear back within a day, reach out by calling 800-991-3917.

    What documents do I need to apply?

    Sure Funding doesn’t advertise what documents you need to apply. However, most lenders request business bank statements, tax returns and profit and loss statements.

    How do repayments work?

    How repayments work depends on the type of loan you take out. Short-term loans come with the option for weekly repayments, while merchant cash advances typically come with daily repayments based on a percentage of your sales. You can find the terms and conditions of your loan in your contract. If you can’t find the information you need there or have any other questions, reach out to customer service as soon as possible.

    Find out how your other options compare to Sure Funding by checking out our guide to business loans

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