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LAST UPDATED: June 14th, 2023

LiftFund's began in San Antonio, Texas in 1994 in conjunction with the micro-lending organization Acción International that offers micro-loans in Latin America. LiftFund incorporates the same mission and ideas in the U.S that Accion uses in Latin America. LiftFund is a non-profit organization that helps small businesses who have a hard time accessing funding. Consumers that choose LiftFund should remember that they must have a credit score of 550 or higher.

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The Good

  • Loans Up to $1 Million
  • Simple Application Process
  • Past Success
  • Educational Resources

Loans Up to $1 Million

For borrowers, the maximum amount for loans is $1 million. When it comes to independent lenders, this amount is higher than many other providers can offer. This loan amount gives businesses the opportunity to get established or to expand their business.

Simple Application Process

All applications can be completed online, and even companies without good credit scores will be considered. While LiftFund mentions that the average credit score they approve is 575, they say that they will not make their decisions based on credit score. All credit scores will be considered, and provided that the rest of the business's qualifications warrant trust, even those with bad credit scores can be approved for a loan.

Past Success

LiftFund's website offers many success stories and testimonials of current and past borrowers who found what they were looking for from LiftFund. These success stories are divided by state and/or city, and they give good indication of the types of businesses who have borrowed from LiftFund. Reading these success stories gives a prospective borrower the opportunity to familiarize themselves with LiftFund's business practices.

Educational Resources

LiftFund also positions themselves as a thought-leader in the entrepreneurial industry. They offer online resources such as templates for business plans, financial templates, as well as instructional videos and a blog. In addition to these online resources, LiftFund offers events and seminars to help educate and boost the entrepreneurial community. There is also a specific webpage dedicated to what LiftFund calls the Women's Business Center. This resource gives women specific events geared toward their unique struggles in entrepreneurship as well as the opportunity to consult with LiftFund about their business plans. To summarize the benefits of borrowing from LiftFund, please see the following list:

  • Maximum loans of up to $1 million
  • Good credit not required
  • Case studies and other testimonials online
  • Excellent instructional resources online
  • Women's Business Center resources

The Bad

  • Lacking Information
  • Funding Time
  • Limited Service Area
  • Collateral

Lacking Information

Unfortunately, LiftFund's website does not offer enough information to fully evaluate the good and the bad. We will however, try to provide you with the information that we were able to find, and hopefully give you a good indication if you would like to contact them for further evaluation or to apply for a loan. There are many things we wish the LiftFund website would have included. Here is a list of the items that are not included on the LiftFund website that any prospective buyer should make sure they find out:

  • Interest rates
  • Qualifications for applying for a loan
  • Prepayment penalties
  • Origination fees
  • Closing fees

While LiftFund's website is relatively bare in specific information, they do provide some information that compares negatively to some of the other lenders we have reviewed.

Funding Time

LiftFund's turnaround time looks more like a big bank than an independent lender. Whereas other lenders are able to offer approval times of one to three days, LiftFund claims it will take around one month for them to approve a loan. This approval time is a drawback for LiftFund, and prospective borrowers should know that there are other lenders who will disburse the loan money more quickly.

Limited Service Area

LiftFund also only serves 13 states. These states are all located in the southeastern region of the United States and they include the following:

  • New Mexico
  • Texas
  • Oklahoma
  • Missouri
  • Arkansas
  • Louisiana
  • Mississippi
  • Kentucky
  • Tennessee
  • Alabama
  • Georgia
  • South Carolina
  • Florida

Borrowers outside of this states cannot consider LiftFund as an option.


Prospective borrowers must also be prepared to offer some sort of business or third-party collateral in order to accept the loan. The loans that LiftFund offers are all secured loans and require some collateral by the borrower.


The Bottom Line

The bottom line is that LiftFund acts more like a traditional bank than some of the other online business lenders we have reviews. The main benefit of LiftFund is that they do not evaluate any business's eligibility for a loan through a credit score only. Their mission is to evaluate businesses based on their stories and other qualifications (although their website does not specifically list these qualifications), and then to supply loans to businesses with great potential. The truth about our review of LiftFund is that we're unable to properly recommend them or not because their website lacks some vital information. In order to fully evaluate if LiftFund is a viable option, prospective buyers should contact LiftFund for further evaluation.

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4 Reviews

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Laura Santos McKinney, TX

If I could give 0 stars but I have been 3 months in going back and forth via email and they stated that they won’t look at my documents until I answer some questions they have and I did. And every time I answer and submit documents, they come back with another thing that they need and it’s never sufficient or enough and they still won’t look at my legal and financial statements until I answer such questions. The worst and I am so disappointed

3 months ago

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Luis Carlos Alam Genoa City, WI

I called this company because the largest bank of usa told me it was one of their costumers as SBA lender. We checked they have a program for working visa as long as people is legal in USA. I spoke on the phone before applying to make sure their advertising was real and a lady confirmed me there were no issues to not be a resident. First thing a hard inquiry a lady called Tasha confirmed me that I was able to apply with my visa, that her assistant Laura will help me with the documents. After have to fill several times the forms, pay an accountant fill over forms for three days. I was contacted and told “ you do not qualify for any loan since you are not a USA resident( I have investment of over 100.000$ and a company producing for over a year)”, the same people that confirmed me that I qualify, after all the expenses and time, told me I cannot since Im not a USA resident, that I will need a document that is valid over a year; so I told her, I am under asylum and TPS protection program that was extended for 18 months. But she did not care at all since time of visa less than a year was the issue. She dispose my application that took hours, money and a hard inquiry. She told me no worries we won’t approve you but there is another department from same company that with another rate and return term will help you with the loan without a hard inquiry. Next Francisco, called at the end of the day. Started to ask me who told me that I could apply having a working visa(they have it advertised). Then he told me "After exhaustive research I can give you 20.000$"(I applied for more than ten times that amount) but he ll give the highest rate, plus comissions plus a lot of things making it sound that It will be very expensive, making a lot efforts to make me hang up. He told me “you need to tell me now if It is worth it to talk to the underwritting”(like all the time and money they made me waste it’s less important than their time and my app in their desk). I asked several times to different people from the company, I was said I was good. Then after the whole proccess they say I do not qualify for what I asked several times before applying.

1 year ago

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Jb patt Aransas Pass, TX

Ran my credit 4 times after Hurricane Harvey. I was forced to sign up for a loan in order to get a grant. I only received $1000 when the minimum grant amount was $2500. I ended up not hiring anyone and doing it all myself to recover from storm. Was denied for a loan and the grant. Was given the ultimate run around. Every chamber blamed the other chamber. I have stopped helping anyone who asks for my donation since they were given loans and grants to businesses that opened after Harvey. Crock and a total sham. A friend lost everything in the hurricane then when the customers didn’t return LiftFund took what he had left. Totally a good hustle!!!

4 years ago

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Lando Morales San Antonio, TX

Lift fund is a scam. They say they will help you with the grants but then only offer high interest loans. Im not sure why they clain to be not for profit because they act like a for profit business

1 year ago