{"id":20868,"date":"2021-08-24T08:16:28","date_gmt":"2021-08-24T15:16:28","guid":{"rendered":""},"modified":"2024-05-29T17:24:09","modified_gmt":"2024-05-30T00:24:09","slug":"fundera","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/fundera\/","title":{"rendered":"Fundera"},"content":{"rendered":"\n

Fundera is a business loan marketplace where borrowers can compare offers to find the best business loan for their needs.<\/p>\n\n\n\n

Fundera is not a direct lender and does not originate loans but matches you up with business loan providers<\/a> you may qualify for. <\/p>\n\n\n\n

Founded in 2014, Fundera has helped thousands of businesses find funding and has secured more than $2.5 billion<\/strong> in loans to date.<\/p>\n\n\n\n

The platform is easy to use and comparing loans doesn’t hurt your credit score. <\/p>\n\n\n

Find a Loan with Fundera<\/a><\/div>\n\n\n

How We Rate Fundera<\/h2>\n\n\n\n

At Financer.com, all lenders go through a thorough research and review process. Here’s how we rate Fundera:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Affordability<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Loan terms<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend Fundera?<\/h3>Yes, we recommend Fundera as a reliable lender marketplace. Skip to our full review below and see how we rate Fundera<\/a>.<\/div>\n\n\n

Here’s what we’ll cover in this review:<\/h3>\n\n\n\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\n\n\n

Fundera Overview<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

It offers a wide range of loans, including Fundera SBA loans<\/a>, lines of credit, merchant cash advances, and personal loans for businesses<\/a>. <\/p>\n\n\n\n

Here’s a quick summary of Fundera:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Loan type:<\/strong><\/td>Short-term business loans, lines of credit, equipment loans, SBA loans, invoice financing, merchant cash advances<\/td><\/tr>
Loan amount:<\/strong><\/td>Up to $5 million<\/td><\/tr>
Loan term:<\/strong><\/td>Vary by lender<\/td><\/tr>
APR<\/strong>:<\/td>Business loans: from3% to 150%
SBA loans: From 6% to 8%<\/td><\/tr>
Min. credit score:<\/strong><\/td>None<\/td><\/tr>
Monthly fees:<\/strong><\/td>None<\/td><\/tr>
Payout time:<\/strong><\/td>One business day<\/td><\/tr>
Weekend payout:<\/strong><\/td>No<\/td><\/tr>
Requirements:<\/strong><\/td>– At least 18 years old
– U.S. citizen
– Active bank account
– Regular income
– Valid phone number and email
For business loans:<\/strong>
– Credit score of 600+
– More than one year in business
– At least four months’ bank statements
– Details on your revenue and profit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Why Fundera Stands Out<\/h3>\n\n\n\n

Fundera offers a transparent and straightforward application process and they have a good reputation online.<\/p>\n\n\n\n

They are selective about the partners they work with and provides various tools and information to help businesses find the loan they need.<\/p>\n\n\n\n

Based on your requirements, some lenders Fundera may pair you with include OnDeck<\/a>, Fundbox<\/a>, BlueVine, and Credibly. <\/p>\n\n\n