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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 advice, 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

    Updated February 18th, 2020
    Name Product Filter Values Min. Amount Max. Amount Requirements
    LoanBuilder, A PayPal Service Business Loans
    $5,000
    $500,000
    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
    $5,000
    $500,000
    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
    $10,000
    $5,000,000
    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
    $5,000
    $500,000
    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
    $500
    $250,000
    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
    $5,000
    $5,000,000
    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
    $5,000
    $2,000,000
    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
    $50,000
    $1,000,000
    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
    $5,000
    $5,000,000
    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
    $500
    $5,000,000
    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
    $1,000
    $300,000
    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 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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