Fundera Review – Compare Small Business Loan Options

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Fundera is a financial provider for small businesses. They offer many types of loans that can help boost your business or get it off the ground. Fundera is among the most trusted online loan companies and a superb option for businesses looking for a leg up.

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Our Partner

Small Business Loans


  • One easy application
  • Get funded faster than at your bank
  • SBA 7(a) loans, term loans, invoice factoring
  • Compare multiple loan options
Overall Rating

Ranked #1 for small business loans

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Pros & Cons

For some brief highlights, here are the standout pros and cons of Fundera.


  • Many types of loans
  • No application fees
  • Flexible repayment plans
  • High limits


  • Business loans only
  • Rates depend on qualifying factors

Are you looking to start a new business or expand on an established one? Do you need that extra bit of cash to make it over the first hurdle? You’re in luck because helping with small business loans is Fundera’s specialty.

You’ve likely heard of Fundera as it’s one of the largest and most highly rated financial providers online.

The name alone is great, but if you’re looking to learn more about Fundera, like where they excel, what you need to be wary of, and what their loan options are, then you’ve come to the right place.

Let’s start with a couple of pros and cons, shall we?

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Quick Summary

Service: Small Business Loans

Interest: Depends on loan term & amount

Promotion: No current promotions

About Fundera

Fundera is an established online lending business founded in 2013. They focus on catering to small US-based businesses.

The consensus in the financial and business world online is Fundera is a reputable establishment with excellent services and customer service. Fundera is a divisive company that offers many different lending options.

While most customers rate Fundera close to five stars, like on Trustpilot with 4.7/5 and Glassdoor with 3.9/5, Fundera’s BBB rating is 1/5 stars.

There have been controversies over whether or not Fundera deals with some less than reputable financiers, but they are open about the people they partner with.

Some customers have complained about personal information given out to third parties, but there is no proof for the complaints. If you are concerned about your private information, ask the customer service agent before handing over anything too personal.

Fundera is well-liked by many small business owners, and while they have higher interest rates than other companies, they offer high loan limits, flexible plans, and many loan options.

Types of Loans

SBA Loans

Fundera offers SBA loans from $5 Fundera offers SBA loans from $5,000 to $5 million with a repayment plan from 5 to 25 years. The interest rate has a minimum of 6%.

Business Term Loans

This traditional-style loan offers a lump sum of up to $600,000 with a repayment plan of one to five years. The interest rate can be anywhere from 7% to 30%.

Business Lines of Credit

Fundera supplies short-term business lines of credit. These loans provide you with a pool of money between $10,000 and $1 million. You must pay the amount back at a set time between three months and two years after the line of credit is opened.

The interest rate can go from 7% to 25%, and the financiers may have additional fees.

Invoice Financing

This loan covers expenses while you are waiting for a client to pay an invoice. There is no set amount or repayment period for this type of loan though there is a minimum of 3% interest and possibly other fees.

Startup Business Loan

For a newly blooming business, Fundera offers $150,000 loans. These loans accept business equipment as collateral. The repayment period is anywhere from six months to four years, and the interest is between 7% and 19.9%.

Equipment Financing

Fundera’s equipment financing loans can get a little more complicated than some others, but basically, you can take out a loan to buy equipment for your business.

The amount and repayment term are unspecified, but the repayment term will last as long as the equipment’s expected lifespan. The interest is between 8% and 30%.

Short-Term Loans

Short-term loans range from $2,500 to $250,000, and you must repay them three to 18 months. The interest starts at 10%.

Merchant Cash Advances

Fundera’s merchant cash advances cap out at $250,000. The repayment period varies as the payment comes through daily credit or debit receipts. There is a factoring fee of 1.14% to 1.18%.

Terms & Fees

While there are not many restrictions for getting a loan at Fundera, you need to be a legitimate business owner in the United States to apply. Fundera does not provide personal loans.

Here are the requirements for getting a loan at Fundera. You must provide:

  • A credit score equal to or more than 550
  • The time you have been in business
  • The business’ revenue
  • The industry of your business

Following the application, Fundera will require more information about your business if you are eligible. The information will vary depending on the type of loan you are after. For a full list of terms and services, go to Fundera’s site.

Fundera has no origination fees or any fees for the process of borrowing. They charge the financial service providers a 2%-5% fee for any clients Fundera brings in to them.

This referral fee is what allows Fundera to not charge the customer for applying or gaining a loan.


Is Fundera legit?

While Fundera is certainly legit, there are some concerns over their financial service providers. Fundera works with reputable banks such as Chase, American Express, Capital One, PNC, First Home Bank, Funding Circle, Kabbage, BlueVine, OnDeck, and Fundbox.

How fast can I get approved for a loan?

Fundera has an excellently streamlined application process. You can get approved for a loan within the day; however, receiving the money can take anywhere from one day to three weeks.

What credit score does Fundera recommend?

Fundera will give loans to anyone with a 550 credit score or higher. SBA and equipment financing loans require a higher score.

Can I apply for multiple loans?

Yes, Fundera provides multiple loan options at once.

Next Steps

If you liked the sound of any of those plentiful loan options, the idea of flexible plans, or found the easy application process enticing, then head over to Fundera’s site to talk with one of their helpful staff members.


Fundera allows you to discover the financial options you never knew you had and make your best business decisions yet. It's easy, free, and won't affect your credit.

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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