Fundivo is an online lending marketplace founded in 2013 in New York City. The finance services company features a large network of lenders offering small business loans up to $2 million with funding available within one to seven days. However, Fundivo does not disclose its fees to the general public on its corporate website. Consumer reviews about the company’s customer service experience are mainly positive online, particularly pointing out its wide range of loan options and follow through with acquiring loans for small business owners.

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Typical Borrowers

Typical borrowers from Fundivo are small business owners who are unable to acquire traditional funding for a variety of reasons. Small business owners must be in business for at least a year and generating a minimum of $25,000 annually in order to qualify. Fundivo does not disclose credit history requirements, but generally excellent credit histories are needed to avoid high interest rates and other fees.

Best Uses

Small business loans from Fundivo are typically used for inventory purchases, system upgrades, and marketing.

Minimum Qualifications

  • One Year in Business
  • $25,000 in Yearly Revenue
  • Collateral May Be Required

The Good

With Fundivo, businesses that are smaller in size can receive financial borrowing assistance that can be more difficult to come by with some lenders. However, Fundivo offers small business a number of features and services including:

Pros of Fundivo Small Business Loans

  • Receive Funds in Less than One Day
  • No Upfront Costs
  • No Business Plan or Proposal Required
  • Short and Long Term Lengths
  • Up to $2 Million in Financing

Educational Resources

According to its corporate website, Fundivo tries to make the process of obtaining a small business loan without hassle and at the lowest cost. The company also provides educational resources and tools on its website to help small business owners, including loan articles, business templates, and tax center. Fundivo also keeps track of small business trends and statistics and provides regular updates for it customers on its website.

Positive Customer Feedback

Previous customers report receiving excellent customer service by Fundivo customer service representatives. Representatives were very helpful answering questions and completing the loan application process quickly. Previous customers were also happy with the wide range of small business loans options available through Fundivo and acquiring needed funding quickly with minimal effort.

The Bad

While Fundivo can help small business get the loans they need, there are some limitations that need to be pointed out. Prospective users of the Fundivo service should be aware of the following:

Undisclosed Fees

Fundivo does not publicly disclose on its website whether or not there may be any prepayment penalties or closing costs. The company does state that origination fees range from one percent to five percent. Average interest rates range from 6 to 25 percent, but can go much higher depending on a borrower’s past credit history.

Limited Company Information

Fundivo does not disclose specific details about its corporate history or executive leadership on its website and there is no available information elsewhere online. The company also does not list the total amount of small business funding it has been able to acquire for its customers since it started in the industry.

The Bottom Line

Fundivo is best suited for established small business owners unable to qualify for traditional funding from banking institutions with strict application requirements. Fundivo offers a wide range of small business loans up to $2 million with fast approval and quick access to funding; however, fees from its affiliated lenders are not publicly disclosed.

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Frequently Asked Questions

How long will it take to receive funds from Fundivo?

The company is able to transfer funds within approximately one to seven days.

Does Fundivo require collateral with its loans?

The company does require some form of personal or business collateral in order to receive a loan.

Does Fundivo have prepayment penalties?

The company does not disclose any prepayment penalties on its website.

Does Fundivo charge origination fees?

The company charges origination fees ranging from 1 to 5 percent.

Does Fundivo charge closing fees?

The company does not disclose closing fees on its website.

How can I contact Fundivo?

Interested consumers can contact the company by phone at 1-347-966-8300.

More Information

Types of Loans Offered

SBA Loans, Invoice Financing, Lines of Credit, Equipment Financing, Merchant Cash Advance

Rates Offered


Term Lengths

Average five-month terms

The Borrowing Process

Small business owners can visit the financial services company’s website and complete a short online application requesting some basic business information. The finance services company will review the submitted information and match the borrower up with loan options from affiliated lenders that are best suited for the borrower’s financial situation. The company will then contact the borrower to discuss these options so that the borrower can select the one they like best. Borrowers who meet the company’s minimum qualifications will be approved and funds are then transferred to the borrower’s bank account in less than 24 hours.

How to Apply

Small business owners can submit an online application that takes approximately five minutes to complete that requires some basic business information to determine eligibility. The finance services company will then match available loan options from its network of affiliated lenders that best fit the borrower’s unique financial situation. The company will then contact the borrower to present these options and answer any questions that may arise. Borrowers choose the one they like best and can receive funds directly to their business bank account within less than 24 hours in most cases. Some loans may take up to seven days, depending on loan type.

In order to qualify, small business owners must be in business for at least a year and generating at least $25,000 in yearly revenue. There are no listed credit history requirements, but small business owners will want to have excellent credit to avoid potential high interest rates and other various fees.

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