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Fundera

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6.8

Overall Score

LAST UPDATED: July 24th, 2023

Fundera is an online marketplace that works to help match small business owners with business loans that fit their needs and situations. Since its founding in 2014, the company has helped more than 85,000 small businesses and has secured over $2.5 billion in loans. Unlike a direct lender, Fundera matches borrowers with a number of financing options and reviews each loan offer to ensure that clients have the information necessary to make the best decision for their businesses.

Fundera works with 20 online lenders in its partner network to facilitate a variety of business loans for borrowers. 

Consumers who are considering Fundera should remember that they must have a credit score of 550 or higher.  

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The Good

  • Helpful Guides and Resources
  • Variety of Loan Options
  • Simple Process
  • No Hidden Fees
  • Flexible Credit Requirements

Helpful Guides and Resources 

Fundera has multiple guides, including numerous tools and templates, e-books, and videos, to help individuals looking to obtain small business loans and make it easier for potential Fundera borrowers to understand the logistics and the overall loan process. 

The company also operates an online publication known as Fundera Ledger that consistently publishes high-quality articles to help borrowers with financial decisions and guide them through every step of the financing process.

Variety of Loan Options

Fundera offers a variety of loan funding options to ensure that customers receive the type of loan that is best for them and their unique business. Available loan options include the following: 

  • SBA loan
  • Business line of credit
  • Term loan 
  • Startup loan 
  • Equipment financing 
  • Invoice financing 

Each of these loan options are explained in detail in Fundera's blog and resource section including extensive information and details on how to qualify and apply for that specific type of loan, as well as a list of pros and cons.

Simple Process

Fundera has a simple small business financing process in place that makes it easy for borrowers to find out if they qualify for a loan and for how much capital. 

First, the borrower will fill out an online funding questionnaire, which a Fundera representative will review and discuss with them over the phone or through email. 

Next, the borrower can apply to multiple lenders with a single application, which the loan specialist will facilitate, and then Fundera will review the offers with the borrower.

According to the company's website, borrowers can compare several small business loans at once for free and will not have their credit scores affected.

No Hidden Fees

Fundera does not receive any money from borrowers directly, so there will never be any hidden fees. Additionally, the company's network of lenders boasts an excellent average origination fee of 0 to 9 percent.

Flexible Credit Requirements

Fundera does not have strict credit score requirements. Unlike other funding options, Fundera has a lower credit requirement of 550 or higher. A traditional lender, such as a bank, will only service customers with higher credit scores in the mid to high 600 range. Fundera's lower minimum credit threshold makes business funding possible for a wider range of borrowers.

Fundera's resource center includes information on pursuing a business loan with bad credit. While it may be difficult, it's not impossible to obtain financing when your credit isn't ideal. In some cases, time in business and monthly or yearly cash flow can favorably impact your loan eligibility. 

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The Bad

  • Limited Partner Network 

Limited Partner Network 

Fundera highlights four lending companies with specific loan products within those companies. Beyond that, it partners with a total of 20 lenders. However, the size of the lender network pales in comparison to that of some other loan marketplaces which partner with several hundred lenders. 

The more lenders within a network, the more options the borrower has and the less incentivized the marketplace is to promote a particular company even if a different one would be better for the consumer. 

Currently, Fundera focuses on the following loan products: 

  • Funding Circle's term loan 
  • Bluevine's term loan, line of credit (Flex Credit), and invoice factoring
  • Fundbox's invoice financing and line of credit 
  • Kabbage's line of credit 
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The Bottom Line

Overall, Fundera is a good online marketplace avenue to consider for small business loans. The company has helpful guides and resources to make the lending process easy to understand, as well as a simple loan application process and a variety of loan options.

Plus, Fundera has several positive reviews below. Fundera reviews reflect overall satisfaction with the company and note quick business funding, a simple application process, and attentive staff. Unlike some other business financing options, Fundera seems to be a trusted online lender with a satisfied customer base.

If you'd like to see multiple loan options available to you with only one loan application and if you have a credit score of 550 or higher, Fundera is worth looking into.

Keep in mind that your loan term, interest rate, and financing options depend on your personal and business financials as a small business owner. 

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Star Rating

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4.6

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51 Reviews

Review Breakdown

5 grade

88%

4 grade

0%

3 grade

2%

2 grade

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1 grade

10%

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James Currie Mission Viejo, CA

The team at Fundera was absolutely amazing to work with. They got in touch immediately after I submitted my initial application and diligently worked with me through the paperwork and process. My lending officer followed up daily, even answering questions late on a Friday evening (I didn't realize the number I had went to a cell phone and that we were in different time zones). The process took just over a week start to finish and that was mostly me gathering info. and completing necessary documentation. When the loan funded (SBA 7a) I received the funds in our company account less than 10 hours after signing the final loan doc. I was honestly pretty skeptical going in but any doubts about what type of service I'd get turned out to be completely unfounded. I'd absolutely recommend Fundera (and already have to a few other business owners I know) and will for sure use them for any future needs.

3 years ago

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Ryan Holland Hialeah, FL

We've worked with Fundera for two of our SBA Loans and I don't think our experience could've been better. Abby and Alex did everything they could for our first SBA loan and we genuinely felt like they were supporting us throughout the entire process. However since we didn't receive the amount we were looking for we applied again in December of 2020. This time we worked with McLeod and again the experience met the high expectations Abby and Alex had set. McLeod played both roles, seeing us through from beginning to end, made sure he was available and communicative, and went the extra mile on several occasions in communications with the bank. We've had 2 great experiences, would recommend other businesses use Fundera, and should a need arise in the future for us, we will be looking to them again!

3 years ago

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Erin Gilliam Salt Lake City, UT

Ben F was so genuine and helpful. He listened to our needs and our priorities carefully and worked diligently to find the best solutions for our business. After some extremely frustrating and dead-end SBA applications with "traditional" aka "we only help people who don't really need money" banks, Fundera was a breath of fresh air! To all of the hard, working, small business owners putting your sweat, tears, and backs into your awesome businesses - Fundera may be a great option! There is hope! So excited to see the future of this model revolutionize the banking industry and make lenders compete for our business! We were funded at half the rate we were offered when we were negotiating on our own. Thanks so much, Ben, for believing in us, listening to us and all of your help!

5 years ago

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Cari Los Angeles, CA

Couldn’t have been a better experience. I needed to secure funding quickly for working capital. I was contacted by Austin the day after submitting my online request. The application process was quick and easy and I received more money than I initially wanted with a very reasonable payment term in under a week. Quick money is expensive, but I got a fixed rate at a time when the Fed could raise rates again at any time. Thank you Austin and Fundera! I will recommend your services to anyone I know who needs funding for their business.

2 years ago

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William East Longmeadow, MA

I am not exactly sure how this all works, Sarah H. has been my contact for approximately 3 years. Very Patient with me as we struggled from being start up through Covid, and now funding with Reliant, who I am more than happy with the way I am treated... Sarah like folks at reliant was patient with me, even though I really didn’t qualify, very respectful and never made me feel like “are you crazy”??? Strongly recommend to anyone who needs obtaining funding, one piece of advice is always be honest, they have seen it all! William

3 years ago

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Margaret Balodis Cleveland, OH

It was a great experience. Not sure I could find one single thing that was not to my satisfaction. Application was easy to fill out. Acceptance procedure was explained and followed exactly. Answer was received in a crazy quick amount of time. Will look to this organization for any type of loan in the future if needed. And have told everyone that will listen....contact Fundera. Honestly, was quick, professional and received the result that I wanted.

4 years ago

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Ryan Brock Indianapolis, IN

It’s the right blend of personal touch and convenient tech for me. Ben helped me cut through the noise of sites like LendingTree that just result in your phone exploding for weeks on end. Fundera listened to my goals and took the lead in finding the best funding available to me at the time. Once we chose a lender, I had to sign one document and 36 hours later the money was in my account. Couldn’t be easier.

5 years ago

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Maria Ruiz Miami, FL

I have no words to express my gratitude for Ben and the entire Fundera team for making my experience so easy. I never imagined that getting funding for my business would take only two days. I was explained every step in detail and the best part was I only communicated with my account executive, which made the process extremely personalized and easy. Once again, THANK YOU!

5 years ago

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brian guest Santa Ana, CA

Hannah E was my agent she was so awesome and helpful! Got us 16K in one day for inventory and working capital! She didn't just talk the talk she walked the walk and we will be using Fundera forever moving forward in our business!! Again Thanks Hannah!!!! Brian Guest President West coast truck parts oc inc.

1 year ago

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Still Learning Charleston, SC

I have done 4 loans with Fundera . In the past they were hesitant to tell you when you were turned down but fixed that years ago. They are very thorough and up front with everything . Easy to work with. Honest about your chances while going through the process. I would definitely recommend them.

3 years ago

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Julie Chase Seattle, WA

This is our third time working with Fundera. They have a great understanding of our business and needs. They've helped us get the funding we need to grow our company -- with lending companies who specialize in small business loans. We love working with everyone at Fundera!

3 years ago

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Gerad O'Shea Iowa City, IA

Navigating the PPP Loan process had been a dizzying for of uncertainty and contradictions. But working with Fundera reduced my confusion, eased my stress, and lowered my blood pressure! Oh, and I was approved and received my funds within 7 days of completing my application.

4 years ago

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Dennis H Los Angeles, CA

We were skeptical of our ability to get funding but Ben not only listened to our situation but communicated our story with the lender and got us a business-saving $125k loan. We appreciate the personal approach and so glad we took the time to let him look into it for us.

5 years ago

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Tammy Beres San Diego, CA

Ben is fabulous to work with; he is very thorough, responsive, knowledgeable, pleasant, and kind. I've worked with him twice no and I cannot say enough about him, or Fundera. THank you for your help - on many, many levels!

5 years ago

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Michael Patricio San Francisco, CA

This was my first experience with Fundera and they knocked it out of the park. The process was simple and easy thanks to your online application. Kevin F was my Account Executive/Funding Advisor and he was extremely knowledgeable, super responsive while both courteous and professional. We funded in a very short period of time.

5 years ago

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Lee San Francisco, CA

The whole process from initial investigation to filling out the short form to the immediate phone call from Andy, data collection, and loan assessment was seamless, professional and efficient. I really appreciated the insight and counsel Fundera provided. Also, no sell. Information to solve a problem, and with total respect. Awesome. Thank you.

6 years ago Edited September 14, 2021

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Jillian Kaufman Grano New York, NY

I have used Fundera to look for and secure short term loans for my business. I have always found them to informative and responsive. Everyone I have worked with has been personable and pleasant and I have enjoyed develping our business relationship. They have been able to secure loans and continue to find me reasonable options for refinancing.

6 years ago

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Jen Mallett Shrewsbury, MA

I worked with Fundera to fund two initiatives for my business in year one and two. They simplified the loan process considerably and helped me gain much needed funding in not a lot of time. The account management team there is excellent and highly repsonsive.

6 years ago

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Sean Davis Canton, GA

I've had a really great experience working with Sam and Paul. They took the time to learn my business needs and acted fast to find solutions that worked. We got funded 200k in about 1 week, which is crazy fast! They really made the process simple and fast. Couldn't be happier with my experience!

6 years ago

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Zareefa Flener Chicago, IL

Fundera and my advisor Matt B have been extremely easy to work with, clear, patient, responsive and successful in helping me with a new term loan with better payback options. Thank you.

1 year ago

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Hamuel Newbern San Antonio, TX

I read and understood everything that always wanted to know about business loans... They gave me a much clearer insight on how to handle my business and what I need to maintain for the future... Thank You Very Much!

1 year ago

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Michael A Smith Aurora, CO

Jared did an excellent job in securing funding in a timely manner. His knowledge of the different options allowed our company to make an educated decision on what worked best moving forward.

2 years ago

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CCOB Bozeman, MT

This is not a reflection of Joe, my rep or Stevie, my contact at one of your partners. My issue comes from the promises of LARGE SUMS for 4.99%...I feel it is very misleading. I know you put "up to" and "starting at" but, honestly, how many people looking for fast funding in large sums qualify for those rates? None. I only completed this last transaction because Joe has always tried for me and Stevie was VERY upfront about what she could secure and at what rate.

2 years ago

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Heidi Finley ,

Anthony just helped me secure an SBA 7a loan & was awesome to work with! He was informative, efficient, transparent & extremely communicative ensuring every step of the process was smooth & painless.

3 years ago

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Aaron Nelson Saint Cloud, FL

Experience and teamwork that is what FUNDERA is all about. Everybody was very nice and keep me up to date on every step of finding me a good loan. I look forward to working with them again in the near future

3 years ago

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Tom Provost Los Angeles, CA

Fundera ... and Taylor... were wonderful. Easy, fast, Taylor was smart, worked hard and explained everything so clearly... and they helped me get the loan I needed! They are excellent and trustworthy.

3 years ago

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Berry Medical Clinic Houston, TX

I have been denied multiple times for an SBA loan by numerous banks. However, Fundera , which I came across online with the help of Seth were able to get me a 300K SBA loan. I am very excited and very appreciative to Seth

5 years ago

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Joe Campos San Antonio, TX

Our advisor Brian made it a breeze! We're so glad we decided to give it a shot or we would have missed out on a great opportunity for our business. Thank you Fundera!

2 years ago

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Buffy Hopkins Los Angeles, CA

Everyone I worked with a Fundera made it an easy experience. The customer service was outstanding. They worked with me until we got to a loan that was doable for me.

2 years ago

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Chi Yau Escondido, CA

We have used Fundera multiple times to raise working capital. They have always provided very competitive offers with great customer service/personal assistance. Thanks!

2 years ago

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Yi Zhao Fresh Meadows, NY

Jacob A from Fundera called me today to see if I was interested in a loan. Before I even finished talking, as soon as he found out I thought the interest rate was too high, he hung up. Extremely rude and nearsighted. Then, a manager named Meredith W try said the call was dropped. If the call was dropped, don't you think Jacob would have called back, since we were discussing something critical to whether I'm interested in the loan? The worst thing a company can do is not own up to mistakes and try to hide it. This shows unhealthy company culture. I have lost complete trust in this company and will end my relationship with Fundera. I have had much better experience with Kabbage.

4 years ago

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Salvador Salinas Whittier, CA

We needed some working capital to purchase some inventory and fundera helped us find the right people to get this done as quickly and painlessly as possible.

5 years ago

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Brenda Durrett Fredericksburg, VA

Easy process online, secured and very informative! Customer service was outstanding, representative continued to follow up, answer questions and was always available!

5 years ago

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Chad Person Denver, CO

I worked with Chris M at Fundera on a business loan for several weeks. He was great until I rejected the approved offer. We decided to switch to a lower rate SBA loan. Then after not getting back to him after a few emails (2) he closed my account due to inactivity. Very off-putting. Fundera is after short term commission. They are not a good partner for your business loan needs.

1 year ago

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Cobos BBQ

Kyle E and Andrew M made our experience a breeze! Contacted Kyle on a Friday evening, funds were in the bank by Wednesday. Awesome experience!

2 years ago

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Jeff Auerbach

Matt was an absolute pleasure to work with. This is my second deal working with Matt and he is absolutely amazing to work with!!

2 years ago

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Sharel Felger Huntington Beach, CA

I keep getting emails from this company telling me I have been funded- but I never applied for a loan with Fundera. No one will respond to my emails and there is no way to contact by phone. they say there is a chat on their website but I am unable to find it. I am concerned there has been fraudulent activity ! How do I get a response from Fundera?!!

3 years ago

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vyacheslor Indianapolis, IN

Highly unprofessional - after finding out my SBA loan wouldn't go through. They handed over all my personal information to their "partners" now i'm getting spam emails and calls that I didn't agree or sign up for. I've tried to email and call the rep back that I spoke with - Kailey N. but now she won't return my calls or email about why she sold or gave my information to other companies. Please show me where I agreed to let you sell or give my information to your partner network? DO NOT DO BUSINESS WITH THIS COMPANY!!

3 years ago

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John Gordon Richmond, VA

Matched me to a company that could handle my PPP Loan in a fast and efficient manner. Very impressed!!! Thank you for all of your help!!!!!!!!

4 years ago

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Roger Jones Diamondhead, MS

Our business credit card processor is PAYMENT DEPOT which has saved us money and has been good to work with. FUNDERA send repeated emails to us stating they partnered with Payment Depot and would can get us working capital at competitive rates. I thought great they already have our credit card processing details this should be easy. WRONG. They wanted months of bank statements and of course there ap filled out. Why one star? Because I sent them the bank statements only to wait days to get a horrible outrageous offer. Week later another offer even higher rates.

5 years ago

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James McLellan

We had a great experance using Fundera . A they were very professional and know there way around the different programs available .

6 years ago

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Joseph Jensen Tarrytown, NY

Ariana was terrific at getting our SBA 7(a) prepared for the lender and helped us move swiftly for funding.

1 year ago

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megan feyka La Mesa, CA

Everything went great. Everybody I felt with was super helpful and really quick! Would definitely use them again!

2 years ago

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sdean@sdacpa.com Alpharetta, GA

Very responsive and easy to work with. I highly recommend them! Stanley Dean, CPA SDA CPA Group, P.C.

4 years ago

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Karuna Scheinfeld Toronto, ON

Adam was great, very responsive and helped answer my questions quickly and find a solution.

1 year ago

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A.O. Pro Plumbing Twentynine Palms, CA

Great working with the folks at Fundera, helpful and professional. Got everything My company needed

3 years ago

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Jamie Birmingham, MI

This company is not merely a funder. They care about their clients and doing the right thing!

5 years ago

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Rachel Carter Waxahachie, TX

Excellent customer services, very friendly. Open and upfront

2 years ago

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Joan Borsten Agoura Hills, CA

The money arrived in lightning speed. They were a pleasure to deal with.

3 years ago

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Lily Dai Irvine, CA

very nice service and process simple and fast

2 years ago