Fundible

• Variety of Products
• Starting Rates 
• Accepts Poor Credit 
• High Loan Amounts 

Variety of Products

While many loan companies specialize in one or more loan types and leave out others, Fundible finances all of the following loan types: 

• Working capital loan
• Line of credit 
• Term loan
• Equipment financing
• Invoice factoring 
• SBA loan 

Starting Rates 

Often, prospective borrowers aren’t aware of sample rates offered by lenders that aren’t forthcoming with this information. But Fundible is transparent about its rates, which are competitive within the industry. Here’s what you can expect for each loan type: 

• Working capital loan — starting at 1.99% per month 
• Line of credit — 7%–21% 
• Term loan — starting at 7.99%
• Equipment financing — 10%–28%
• Invoice factoring — 0.75%–1% per week outstanding
• SBA loan — starting at 6% 

Accepts Poor Credit 

To apply for a working capital loan with Fundible, you only need a credit score of 450. Setting the credit profile bar low allows for more applicants to be considered and opens the door to businesses that may otherwise not be able to receive funding. 

For the other loan types, the minimum credit score is as follows: 

• Line of credit — 600
• Term loan — 680
• Equipment financing — 600
• Invoice factoring — 590
• SBA loan — 650 or above  

High Loan Amounts

Whereas some loan companies cap loan amounts at $250,000 or other numbers in the hundred thousands, Fundible is equipped to fund even the biggest financing needs up to 5 million. Here are the maximum loan amounts for the following loan types: 

• Working capital loan — $2 Million 
• SBA loan — $5 Million 
• Equipment financing — $3 Million 
• Invoice factoring — 85% of receivables

• No Startup Loans 
• Approval Times Vary 

No Startup Loans

Fundible requires six months of bank statements with your loan application. If you’re looking for startup funding, you’ll need to look elsewhere for funding. 

Approval Times Vary

In most cases, Fundible is very quick to approve your loan, but be aware that your approval time may take longer depending on your desired loan type. Approval times vary between same day and 15 days: 

• Working capital loan — same day 
• Line of credit — 1 day
• Term loan — 2 days 
• Equipment financing — 6 days
• Invoice factoring — 10 days
• SBA loan — 15 days