Fundera Review - Complete Guide of This Business Loan Marketplace

— Review updated Nov 2025

Written by Joe Chappius

- Nov 11, 2025

Reviewed by Ricardo Laizo

Fundera stands out as a valuable business loan marketplace with an impressive network of over 25 lenders.

Their transparent approach, comprehensive educational resources, and personalized support make them an excellent option for small businesses seeking funding.

While not a direct lender, they simplify the complex loan comparison process and maintain high ethical standards as a signatory of the Small Business Borrower's Bill of Rights.

Read the full review

This company is not recommended

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Fundera At glance

Popularity

63

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

99

Small business owners value the streamlined application process that connects them with multiple lenders through a single platform. Most customers highlight responsive loan specialists who provide personalized guidance throughout the funding process.

Company name

Fundera

Website

https://www.fundera.com/

Pricing

60

Fundera connects businesses with lenders offering competitive rates, with business term loans ranging from 7% to 30% APR. There's no origination fee from Fundera itself, though partner lenders may charge their own fees.

Customer Support

70

Support was decent, there was a good response time, but the answers provided during our testing were too robotical and automated. Definitely AI-generated.

Terms and Flexibility

80

Fundera maintains good transparency as a signatory of the Small Business Borrower's Bill of Rights. Their terms are clearly presented, with loan terms ranging from 1 to 25 years depending on the loan type.

Pros & Cons

  • Access to Multiple Lenders: Fundera operates as a business loan marketplace that connects small business owners with 25+ different lenders through a single application, saving time and effort compared to applying individually with multiple lenders.

  • Diverse Loan Options: The platform offers a wide range of financing solutions including SBA loans, term loans, lines of credit, equipment financing, invoice financing, and merchant cash advances, accommodating various business needs.

  • Personalized Loan Matching: Fundera assigns dedicated loan specialists who work with business owners to understand their specific needs and match them with appropriate lenders, providing personalized guidance throughout the application.

  • Educational Resources: The platform offers extensive educational content, including guides, articles, and tools to help business owners understand different financing options, improving financial literacy and decision-making.

  • No Direct Fees for Borrowers: Fundera's service is free for borrowers to use; the company earns revenue through commissions from lenders when loans are funded, meaning business owners can access the loan marketplace without upfront costs.

  • Not a Direct Lender: Fundera doesn't actually provide loans itself, which means there's an additional layer between businesses and funding sources. This can sometimes result in slightly higher interest rates compared to going directly to lenders.

  • Variable Loan Terms: Since Fundera works with multiple lenders, loan terms, interest rates, and fees can vary significantly. Some financing options available through the marketplace can have high costs, particularly for businesses with bad credit.

  • Limited Control Over the Process: Once Fundera connects a business with a lender, much of the loan process moves to the lender's systems and timelines. This can sometimes lead to communication challenges or delays

Details

Loan Fundera

Terms & fees

Loan amount$5,000 - $5,000,000
Term3 months - 25 years
Annual interest rate6% - 45%
Nominal interest rate1% - 10%
Origination fee0-5%
Monthly fees$0
Interest rate typeFixed rate

Requirements

Minimum credit score580-669
Minimum years in business0.5
Minimum annual revenue$50,000
Company types availableAll business types
National bank requiredYes
National phone number requiredYes
Headquarters in country requiredYes
Electronic identificationYes
Require tax returnsYes
Require bank statementYes
Require financial statementYes
Require business planYes
Collateral requiredNo
Personal collateral requiredNo

Features

Revocation periodNo
Weekend payoutNo
Loan extensionsYes
Early paybackYes
Loan brokerYes
P2P LenderNo
Possible for start-upsYes
Line of creditYes

Additional fields

Recommended companyNo
Get started

Fundera is a business loan marketplace where borrowers can compare offers to find the best business loan for their needs.

Fundera is not a direct lender and does not originate loans but matches you up with business loan providers you may qualify for.

Founded in 2014, Fundera has helped thousands of businesses find funding and has secured more than $2.5 billion in loans to date.

The platform is easy to use and comparing loans doesn't hurt your credit score.

Find a Loan with Fundera

How We Rate Fundera

At Financer, all lenders go through a thorough research and review process. Here's how we rate Fundera:

CategoryRating
Affordability⭐⭐⭐⭐
Application process⭐⭐⭐⭐
Loan terms⭐⭐⭐⭐
Transparency⭐⭐⭐⭐⭐
Customer support⭐⭐⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend Fundera?

Yes, we recommend Fundera as a reliable lender marketplace. Skip to our full review below and see how we rate Fundera.

Here's what we'll cover in this review:

Want to skip the details? Jump to our final verdict here.

Fundera Overview

Fundera is based in New York and offers borrowers the ability to secure a business loan of up to $5 million with an easy online application process.

It offers a wide range of loans, including Fundera SBA loans, lines of credit, merchant cash advances, and personal loans for businesses.

Here's a quick summary of Fundera:

OverviewFeatures
Loan type:Short-term business loans, lines of credit, equipment loans, SBA loans, invoice financing, merchant cash advances
Loan amount:Up to $5 million
Loan term:Vary by lender
APR:Business loans: from3% to 150%SBA loans: From 6% to 8%
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:At least 18 years old- U.S. citizen- Active bank account- Regular income- Valid phone number and emailFor business loans:- Credit score of 600+- More than one year in business- At least four months' bank statements- Details on your revenue and profit

Why Fundera Stands Out

Fundera offers a transparent and straightforward application process and they have a good reputation online.

They are selective about the partners they work with and provides various tools and information to help businesses find the loan they need.

Based on your requirements, some lenders Fundera may pair you with include OnDeck, Fundbox, BlueVine, and Credibly.

Products Offered

Fundera offers the following loan products:

  • Business lines of credit

  • Equipment financing

  • Startup business loans

  • Short-term business loans

  • Personal loans for business use

  • Merchant cash advances

  • Commercial real estate loans

  • Microloans

Fundera PPP Loans

With Fundera PPP loans, borrowers can learn more about Paycheck Protection Program loans from the Small Business Administration (SBA).

It aims to help businesses affected by the coronavirus pandemic with loans that are 100% guaranteed by the Federal government.

The SBA made a copy of its PPP application form available as this will likely form part of the application process with most lenders.

Other financing options for businesses impacted by the coronavirus pandemic include the following:

Installment Loans

Fundera lets you compare installment loans from business lenders. These installment loans are offered as a lump sum with fixed monthly repayments.

Business installment loans typically last a year or longer.

Visit Fundera to get started

Short-term Loans

Short-term loans are ideal if you need money for your business in a hurry.

Short-term loans often have expedited application processes and term lengths of less than a year. Rather than pay interest, you’ll pay a flat fee.

This fee is typically a percentage of the amount you’re borrowing. So if you’re borrowing $10,000 and have a factor rate of 1.2, you’ll owe $12,000.

Payments are made every week or every business day, so make sure that you are comfortable with a short-term business loan before you commit.

Lines of Credit

With a business line of credit you will receive a credit limit and you can borrow within that limit. As you make payments, you'll have more credit available again, so you can keep borrowing against your credit line when needed.

As long as the amount you borrow never exceeds your credit limit, you can continue borrowing for your business needs.

You only pay interest on the amount you've borrowed.

Visit Fundera to get started

Equipment Loans

Equipment loans are almost the same as installment loans, but with one difference - as the loan is specifically used to purchase equipment, the equipment you’re buying acts as collateral (security) for the loan.

Secured loans usually come with better rates and terms than equivalent unsecured loans.

How Fundera Works

With Fundera business loans, small businesses can get loans of up to $5 million without having to undergo a hard credit pull. Comparing business loans is easy on Fundera.com, with fast payouts available for approved loans.

Fundera works with more than 25 online lenders and will pair you with the most suitable lenders and loan offers for your business.

It also does not promote one lender over another, ensuring you are always presented with the best offers.

Loan Requirements

Although lending requirements can differ between lenders, here are the basic loan requirements when applying for Fundera business loans:

  • A personal credit score of 600 or higher

  • More than one year in business

  • At least four months of bank statements

  • Details on your annual revenue and profit

Rates & Fees

Fundera does not offer loans directly but rather works with a network of lenders that offer different loan rates.

Checking your eligibility for a loan offer is free as Fundera receives compensation from its funding partners if loans are approved to applicants.

Business term loans from Fundera offer APRs between 7% and 30%.and funds can be available as soon as the next business day.

Fundera does not charge any origination fees.

Payment Terms

Payment terms vary between lenders but in general, Fundera business loans come with repayment terms of from one to 25 years.

Repayment terms will vary based on the type of business loan, the amount being borrowed, and the lender's terms.

With the help of a loan specialist, you can review your personalized loan offers and compare options for your business. Your specialist will also assist in growing your business to find better loan offers in the future.

How Financer Rates Fundera

Fundera offers an easy way for businesses to get access to a variety of loans online, including term loans and SBA loans.

The application process for Fundera loans is easy, with a dedicated lending specialist to walk you through your loan options and unique loan offers.

Their website is easy to use, and there are a lot of great resources and guides available to help borrowers understand the different loan options, how they work, and how to choose the best offer from top lenders.

Their website is transparent and they disclose information about how they collect information and how the process works.

Fundera is a signatory on the Small Business Borrower's Bill of Rights and therefore upholds a certain standard when it comes to their business.

You can read more Fundera reviews below and add your own.

Customer Support

Fundera offers reliable customer support with step-by-step guides to help first-time borrowers navigate the lending process.

They have a reliable customer support center with business loan calculators, financial templates, glossaries, and lender reviews.

Customers can get in touch with customer support via phone at 1 (800) 386-3372 or email at support@fundera.com.

Fundera FAQs

Does a Fundera loan application require a hard credit pull?

No. Applying for a Fundera business loan only requires a soft credit inquiry that won't impact your credit score. Once you choose an offer and submit a formal application, the lender may do a hard credit inquiry to process your application.

Can I apply for a loan to start a new business?

No. Due to the risk involved, Fundera's network of lenders do not offer loans that can help you start a new business.

How do I submit my documents?

You can upload loan documents like tax returns and bank statements online with Fundera. You will be notified if any documentation is required.

How fast can I get a loan?

Most short-term business loans and lines of credit can be funded as soon as the next business day. Other loans may take around 3 to 7 days. You can apply for a business credit card that can be approved the same day.

Can I get a Fundera business loan if I am not based in the US?

No. Fundera only work with lenders that provide funding to businesses in the United States.

How do I apply for a loan?

Visit the Fundera website and click on 'See Your Loan Options'. You'll need to anser a few questions to be matched with suitable offers.

Fundera Alternatives

Here's a list of alternatives to Fundera and how they compare:

LenderReviewsLoan AmountMax. Loan TermDirect Lender?
LoanBuilderView$5,000 – $500,00013 to 52 weeksYes
Uplyft CapitalViewUp to $500,000Vary by lenderNo
NavViewUp to $5 millionUp to 25 yearsNo
LendioViewUp to $5 millionVary by lenderNo

More Fundera Business Loan Reviews

What Users On the Web Are Saying

Fundera gets 4.5 out of 5 stars on Trustpilot, with customers seemingly happy about the customer service:

Some users were unhappy about receiving higher rates than they were told and customer service representatives not getting back to them.

More User Reviews - Add Your Rating

Read more reviews on Financer from verified users below.

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