Fundera Review 2026: Business Loan Marketplace by NerdWallet

Fundera is a business loan marketplace where borrowers can compare offers to find the best business loan for their needs. Acquired by NerdWallet in 2020 for $29.2 million, Fundera now operates as Fundera by NerdWallet.

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 more than 82,000 businesses secure over $6.4 billion in loans to date, with an average loan amount of $38,279.

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

At Financer, all lenders go through a thorough research and review process. Here's 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 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 SBA loans, lines of credit, merchant cash advances, equipment financing, and personal loans for businesses.

Here's a quick summary of Fundera:

Why Fundera Stands Out

Fundera offers a transparent and straightforward application process and has a strong reputation online, with a 4.4/5 rating on Trustpilot and an A+ BBB rating.

Since being acquired by NerdWallet in 2020, Fundera has expanded its resources and lender network. The platform is selective about its lending partners and provides various tools and information to help businesses find the right loan.

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

Fundera offers the following loan products:

Fundera by NerdWallet

In October 2020, NerdWallet acquired Fundera for $29.2 million, with potential earn-out payments of up to $66 million based on performance. The acquisition brought together NerdWallet's consumer finance expertise with Fundera's business lending marketplace.

For borrowers, this means Fundera now has access to NerdWallet's broader resources, research tools, and financial education content. The platform continues to operate independently as "Fundera by NerdWallet" with the same core functionality.

Fundera remains a signatory of the Small Business Borrower's Bill of Rights, which sets standards for responsible lending practices.

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.

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.

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.

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:

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.

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.

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

What Users On the Web Are Saying

Fundera gets 4.4 out of 5 stars on Trustpilot with over 900 reviews, with customers particularly happy about the customer service and dedicated loan specialists: