Fundera Customer Reviews (2023)

Feb 4, 2019

Jill Suranyi

Fundera Customer Reviews (1)

2 April 2019 To: Re: Noah Elion Good day, I am writing this letter to recognize the superior customer service I received from one of your workers. I, as many of your clients do I am sure, came to feeling defeated in my search and you frustrated. That said, I'd appreciate you allowing me to share my story. My application was to a bank at their location. I worked with a new employee Though I asked a small company specialist. A great deal of money has run . It goes without saying, the encounter was not to my favor and I am dealing with a problem with this untrained worker. My fail, but lesson learned. My next experience was Kabbage. Was rude, cluttered and fast. Wow, I thought! How do these organizations allow these untrained individuals represent them? Not a company with as I work hard to keep first professionalism and integrity, I would like to work. I felt disrespected and used after this encounter. This I shall leave as a significant mistake made by myself. I got a call from Noah Elion with your organization. He asked me a few questions was direct and advised me so. He was with what I'd be looking at, realistic and listened attentively to my needs. As soon as I began that call I was in shock but I felt comfortable and it appeared that Noah truly respected and cared for my pursuit. This completely dissipated using a subsequent phone call, although I was a little reluctant. It appeared surreal after everything I had been through when I was told that I was approved for a loan. You men"put me on the moon" that day! Thank you, thank you! This experience because he followed through on something I owe to Noah that I may not have after my previous encounters. With more than 20 years in customer support management, I cannot tell you what a pleasure it's dealing with a polished professional as Noah. Please recognize him. He probably earned you a lifetime customer. I applaud your organization holding a high standard . Thank you, thank you! Sincerely, Jill

Jan 4, 2000


Fundera Customer Reviews (2)

I've been using Fundera for a couple of years. Absolutely loved the staff until this time around once the staff I'd worked with previously is no more there. I received a new sales woman who was constantly calling for me"a deal". Push came to shove I went with allowing her plug. So that I declined I didn't take care of the supplies. She kept calling went again she discovers a deal which I'm semi familiar with and I tell her to proceed. Against my wishes I had received cash that I was not prepared for from a creditor. I had it returned the sales woman was outside. The creditor had our advice wrong and mixed up SS#s. I'd known as left an irate message for the sales woman alongside an email. She never called me back the buck got passed off to another girl at Fundera which I didn't mind working with she was jumping to help me the careless errors should have been prevented and never happened. The sales manager apologized and stated it would be managed.

Jan 1, 2009

Asa Siegel

Fundera Customer Reviews (3)

If you're looking for business financing, you merely need to stop your search and start working with Fundera. They are exactly what is needed to be sure that the application procedure is successful and efficient and knowleageble about every choice. Fundera has a dedicated SBA ream that was supportive, responsive and unbelievably professional ensuring my loan package was compiled to meet with all SBA requirements. They know how to provide clear instruction and make sure there are no wasted efforts or time in the procedure since they have established relationships with the banks they work with and understand the underwriting procedure to the most minute detail. Casey McNamara and chris Fasano have been consumate professionals and partners that are dependable and delivered on everything they committed to do. Couldn't be more happy with the expertise working with the Fundera team and could not recommend more highly.

Jan 9, 2003


Fundera Customer Reviews (4) is a PHENOMENAL lender for small business owners! I have been in business for several years and they have been the financial company that I have worked with. I had the pleasure of getting a loan through Their staff went the extra mile to ensure that I got the loan term, worked as a group, and offer to grow my business! I am beyond grateful that I found, esp. Since there lenders online. It can be challenging to get a business owner to know which company is good to work and which ones have practices that are predatory. Thankfully, Fundera is among the few when it comes to lending practices that are based on integrity, care for their clients, and SUPERB customer service throughout the entire loan application procedure. Thanks to Jared Hecht leadership, their CEO, Fundera is a lender that ALL small business owners will be 100% satisfied to work with!

Jan 10, 2006


Fundera Customer Reviews (5)

I was first introduced to Fundera by my CPA who was excited. Our first encounter left us a bit disappointed as it appeared that the process was disorganized for documents that had been sent several times with requests and the communication wasn't great. Then we had been approved for an SBA loan, and our company wasn't accepted for anything and then in the middle of working on I didn't have access to the platform and we weren't approved. Forest called me a couple of weeks back and told me that we've got some funds now available to us. I had my CPA work with him and was skeptical. JD came back into the picture and though still skeptical, it seems we really did get funding finally and I feel that Fundera was able to come through for us at the end. So I would recommend Fundera to other businesses, and am hoping the hiccups we had in the outset were conditions that are unusual.

Jan 9, 2008

Mike B

Fundera Customer Reviews (6)

I dealt with Adam and he was great. I had a couple of offers and submitted my advice - but among these especially was great * when compared with supplies I had gotten by contacting a lenders myself. Also, they apparently have copes with some (all?) Of the lenders they work with so the initiation fees are lower or non-existent when going through Fundera vs proceeding direct. In this case, that saved me a few thousand bucks. I also noticed's reviews here and other places are generally very good - which was important to me considering the world of business funding can be seedy at best. But Fundera/Adam were upfront with me the way and there was no false promises, no BS, no bait-and-switch and no worry. Would definitely recommend checking out Fundera if you're in the market for funding.

Jan 10, 2004

Mo Eslami

Fundera Customer Reviews (7)

I only wish to take some time and thank and specifically, Tommy Vailas for everything that they did in helping me get financing for my business recently (October 2019). Tommy was my very first point of contact and out there I filed docs to begin the procedure. My initial talk with him was at 9:00 a. m. that afternoon, and I had funds in my account in 3:00 p. m. The process was seamless top notch and professional. Tommy knew exactly what to say and what to request in fulfilling my needs. In these times of competition and so much uncertainty it's a breath of fresh air to have someone you can trust to LISTEN to what your needs are, and fit you with products. I look forward to creating a long lasting relationship with Fundera. Keep the good work up!

Nov 11, 2019


Fundera Customer Reviews (8)

The SBA loan procedure proved to be a large task. I was approved fast. A list of information that was mandatory was granted. It was a lot of information. I have been in business for 35 years. The information and requirements to fill out the loan application taught me things that were new. assigned me a case manager. Natalie Campion did such a great job helping me collect the things required all. Natalie was knowledgeable and entirely patient with me out although I have to admit I felt intimidated at first. I don't think things could have worked out if it hadn't been for her advice. I am so glad I got in contact with Fundera and got my SBA loan. Thank you Francesca Natalie and Jared! Mark C., very Happy

Jan 1, 2006


Fundera Customer Reviews (9)

Nate Causey has been extremely knowledgeable, helpful and was my representative, and a joy to talk with. Even though my needs to fund a startup restricted what Nate (and Fundera ) could offer me, Nate took time to ask me the right questions to reach this conclusion quickly and easily. I was impressed with his demeanor, his business acumen, and his ability to size up the situation and also provide me with substantive feedback. This is exactly what I wanted - give me what you can do without a BS and no"pie-in-the-sky" possibilities. And Nate delivered! When my needs better align to the products Fundera has to offer, I will definitely be calling Nate to help me. Thanks, Fundera, for hiring such a fantastic guy! ~Dan

Nov 4, 2017


Fundera Customer Reviews (10)

Took a chance and was doubtful. I had been turned down several occasions with my community banks and honestly gave up. They qualified my right away and that I was skeptical since I was fearful that it was a scam because you never know who you're dealing with online the loan process. My money was deposited and they were great to work with through out the experience. My loan specialist via telephone or email and I could talk at any time. They purchased pies throughout my bakery to send to customers after we closed. This was huge for me. Supporting one of their own. The interest was great also. Have a moment to find out whether you qualify. As they can say YES or no as in my own situation it never hurts to try.

(Video) Fundera by NerdWallet Review (December 2021): Get Small Business Loans Up to $600,000

Jan 1, 2002

Justin Beegel

Fundera Customer Reviews (11)

As somebody who dropped for some predatory and shady business loan companies out there, I found myself being eaten alive by these, destroying our money flow needed to reinvest into our growth (something tells me they put more companies out of business than they help). I had the privilege to use Patrick McCarthy Ted Porter & at, and it was an absolutely amazing experience. Versus being sold to, it was. Ted was also lightning fast with everything, kept me in the loop and it was capped off from the excitement he had for me when this loan obtained funded. Fundera, you've got a keeper at Ted, hold on that one. I can not suggest enough. Thank you Ted & Patrick.

Jan 4, 2008


Fundera Customer Reviews (12)

Beware of this company's tactics. They promise to be a free service to assist you secure financing. They are simply a middleman, before linking you with companies of less integrity who do take a sum of any money that you 33, pumping you up with encouragement. And of course gets paid big. Your credit score will plummet in the many hard inquiries, and as you may have the financing you require, you're in better shape than before because these sharks are hitting you with a HEFTY fee (at least 10%, and that is if you have outstanding credit). Do not buy into this scam like I did. Just don't! These scoundrels share a mattress. I really don't know how they sleep at night.

Jan 4, 2008

Marla Borokoff

Fundera Customer Reviews (13)

I feel as though I was scammed. I was told I would be qualified for an superb speed, and of providing information after weeks, my only option was an impossible loan. The agent assured us with 6 months of on time payments we would qualify for the original loan promised, so we trusted him. They did not stand behind that when we called back after 6 weeks. We are stuck at a loan that was ridiculous, have been paying for 18 months and also the principle has barely moved. Now they are currently trying to get another loan to be signed for by us, but I'm really weary of trusting them . I wish they would have been more fair in the beginning. But now I understand.

Jan 1, 2008


Fundera Customer Reviews (14)

Used Fundera to help me find a lender for a long term SBA loan. This was not my SBA loan, so I knew what to expect. Procedure was easy from begin to finish. Yes, quite a bit if information needed to be provided, but my reps and the lender were quick with emails and phone calls to make things move as readily as quickly as possible. From initial application to final funding was total, approximately three weeks. My Fundera reps listened to my needs, known my enterprise and were upfront about what as they suggested what would be ideal for my business needs. I will be going back to for future financing needs and would recommend them.

Jan 4, 2008

Jodi Riggins

Fundera Customer Reviews (15)

I thought I used a SBA lender. I got to Fundera throughout the SBA. Fundera hooked me up. Then, got me setup with a mountain of credit cards (I didn't want). I told them I wanted a line of credit, so they called it a line of credit. It cost me $4K to get a $10K cash advance. My credit is destroyed (it was in the mid 700's before this process) because I got $30K worth of credit cards. I have since gone in person to the SBA and can't NOW qualify for a loan since me credit is ruined. I'd have qualified and my company would be protected IF I NEVER HEARD OF FUNDERA. My business may go under due to this. I am more than outraged.

Aug 3, 2018

Tyler L

Fundera Customer Reviews (16)

I am pretty new to the game of getting financing, and my experience with Fundera has been awesome. My guy Andy was very patient and helpful in supplying different choices that best suited my business and our goals. For reasons entirely on my end the process dragged on for a couple of months and I probably exchanged close to 100 emails along with a dozen telephone calls using Andy but he was friendly and helpful the whole time, whereas I likely would've been ill of me by the end of it. Enormous thanks to Andy B and the rest of the team. Would definitely recommend beginning your search for funding with Fundera!

May 11, 2017

Brad Hauss

Fundera Customer Reviews (17)

I recently implemented online with a couple of lender/brokers. I had a requirement for a fast temporary working capital loan due to a massive growth in our A/R from taking on a couple of new commercial accounts. In the day's end, Fundera was by far the simplest most strait forward company to work with. Adam was my personal account rep. and was very receptive and hauled the status of my initial application being received until funding 3 days later. The rate, though large, was actually better than I expected from an unsecured quick cash advance. I would have no reservations utilizing or recommending again.

Jan 4, 2008

Jen Mallett Kelmer

Fundera Customer Reviews (18)

I found Fundera to be the best choice in finding my small to be larger company. Is slick, simple to navigate and saves an incredible amount of time net searching lenders to compare options and the prices based on your own credit. Additionally, I found their emails to be useful in teaching and that company credit cards will provide me the best leg or me on which sort of loan I need to take up. Lastly I found the support to be exceptional. Questions were asked by the individual about my company which were on educated and stage about helping me locate solutions which will fund the business future. 5 stars all the way.

Jan 11, 2002

Alessandro LaMarca

Fundera Customer Reviews (19)

Fundera did me well when we were in a pinch. Bank denied my business leaving little time to get things done. I looked at many financing alternatives, more banks other online lenders and Fundera found me the best deal in the shortest amount of time. It took two weeks to from start to finish, loading docs up. In 1 location, getting one great offer and a number of offers , then my partner and continued awaiting the banks and lenders and I compared the offers. It was not to difficult to decide once all of the supplies were at, Fundera found me the best deal. Now we get to finish our kitchen.

Jan 4, 2008


Fundera Customer Reviews (20)

I have dealt with two customer specialists at Fundera along with the both of these were exceptional. Professional, on the ball, and motivated. They had all of the information I needed within a few days, as we explored funding options. They were very gracious when I asked for more time to think things over. Never felt forced to make a decision or select on one option over another. The caveat, of course, is that the rates on these brief duration small-business loans border on the offender. But if you need this Kind of short term capital, I had a Superb experience with Fundera

(Video) Lendio Vs Fundera HONEST Review (Get Access To Working Capital Fast?)

Jul 12, 2017

Norman Deitch

Fundera Customer Reviews (21)

Approved us in a few days, however, the paperwork required over a month as the creditor kept wanting more types, signatures etc.. Finally when we had been guaranteed to be funded, the lender insisted on a 50 percent increase in the rate of interest. We never had any indication that increasing the interest rate to over 40% apr and so were blindsided. said they were helpless and couldn't do anything about that. The entire process was dragged out, painful and in the time was changed. UNETHICAL, PREDATORY, INCOMPETENT

Jan 3, 2007

Lesley White

Fundera Customer Reviews (22)

I did not really know where to get started and was a complete newbie to the area of business lending. Within 24 hours of submitting information on Fundera's website, I had been contacted by Nate. He made sure that he knew my desire and helped educate me on the process. The delays were on my character for not reacting quickly enough. When I finally did react, Nate got back to me using a lender offer which was exactly what I need and I had been financed one business day after signing in less than 48 hours! Mahalo for your help!

Jan 4, 2000


Fundera Customer Reviews (23)

I love the level of service I've received from my representative in As a growing business it's sometimes hard to navigate all the options for expanding my company' financial opportunities. Are the creditors legit? How can they compare in terms of fees/interest/qualifications/timing? As my company qualifies for choices it is wonderful to have someone in my corner to take care of my needs and in each new phase. While I get calls from non-Fundera vendors, I have an answer. No Thanks, has me covered.

Jan 9, 2000

Robert Stanicic RealThink

Fundera Customer Reviews (24)

This was the financing experience I can remember. The group from first contact were proactive, were very knowledgable, clear in exactly what information I had to provide, through to Elizabeth Alvarado Linares provided product guidance, and responded immediately to any queries. Applying for a SBA loan isn't straightforward. The team - specifically Elizabeth Alvarado Linares - aided make the process as simple and fun as possible. I will always revert to Fundera for any future financing needs and am happy to be a mention.

Jul 2, 2019

Chris Hatch

Fundera Customer Reviews (25)

I have had a wonderful working relationship with going on for three years now. Eva Rajbhandari, that was my accounts manager has always gone above and beyond to check in and follow up on a quarterly basis with me. She helped me only helped me get financed with a $125K loan to take it to another level and secure $50K in funds to cultivate my business. As though she really cared about my business and myself regardless of what stage or state it was in, I have always felt. She really was there to help! Cheers!

Jan 1, 2000


Fundera Customer Reviews (26)

I was in communication with Fundera regarding some procuring some funding for my rapidly expanding business. I did not end up proceeding with Fundera in the end, as we fell into a great situation that alleviated the need. Both the first point of contact, in addition to my experience with my client success manager was agreeable, low stress, informative, and I felt as they had my very best interest in mind throughout the process. I reach out to Fundera again without hesitation if circumstances dictated a want or need.

Jan 7, 2007

Arlen Gangwish

Fundera Customer Reviews (27)

Quite nice, always available, not really much to say poor - the one thing I would liked to have been different is that they disclosed that the rate for these loans and reluctantly came out. It was a soft touch and used the APR vs Annum tip. Simply put there is no making a high rate loan look great, it comes down to how bad we had the money. I never felt lied to or anything if I didn't have many years of experience in the lending world I would have never picked up on how awful of a rate this had been.

Jan 3, 2003

Liz Colodny

Fundera Customer Reviews (28)

Fundera has helped me so much through the procedure for obtaining a business loan! They had offers for me. Kevin Feldman was always available to answer my questions along with his follow through is impeccable! Everyone is friendly, knowledgeable, and so easy to use. One of their SBA pros, ethan Glass, has also been great to work with and extends over and beyond to simplify the process! I am so glad I stumbled upon this company and let them do most of the legwork. Due to all of you!

Jan 10, 2001

Shawn Fisher

Fundera Customer Reviews (29)

Great experience working with Suhail Z. at Fundera.

Com This gentleman has been knowledgeable and passionate about doing. You hope you receive that person working for you which goes over and outside. Hard to find these days. However, Suhail kept me updated by text emails and made me feel uncomfortable and went over and beyond. I want to thank Fundera for providing me the options and paths to pursue the dreams of my business. Hard work pays friend off. Keep plowing through.

Jan 3, 2004

Kristy Crockett

Fundera Customer Reviews (30)

(Video) Fundera by NerdWallet Review 2023: Up to $10M Business Loans With 500+ FICO Score 🔶 CREDIT S3•E282

As as business owner finding company financing can be stressful. The world wide web is filled with creditors"wanting to help" but not all them may be trusted. Its a scary place! Fundera took the stress out of finding an honest, dependable company. They did all the vetting and research and just work . Nate Casey, my contact, went over and beyond to help me. He genuinely cared for my organization, me and my future. Fundera is my #1 place to go when searching for business funding.

Jan 6, 2004

Amy Mayer

Fundera Customer Reviews (31)

I thought a lot about whether to work with Jacob from Fundera or a local partner, after all,"buy local," right? But Jacob answered of my questions he never wasted my time, he helped me figure out just what I needed to do and when using minimum effort. In 2019, we have to rethink"buy local," online, everyone is local. In this situation, it's true, although work together with the company not catchy. Thank you Jacob and Christopher for helping me grow my business with an SBA loan.

Jan 5, 2019


Fundera Customer Reviews (32)

I believe the team at Fundera on the front line are really good people that are positive. Nevertheless, the back office where the decisions are made clearly are in a mode of reject and need increasingly more vs open and beneficial. This makes most of the time into the disadvantage of the client and in our case thus far not suggestions that are positive. I am still optimistic but dissappointed in final outcome todate. It is a long painful procedure although we haven't given up.

Nov 10, 2019

Nightt Samuel

Fundera Customer Reviews (33)

Before but this business was by far the simplest and quickest, I worked. I was skeptic about getting funds from many areas, I'm always reading reviews and making my judgement, but was top notch and all around comforting. Ted Porter has been there to make sure I receive my funds by finding different methods to accommodate me and made it easy, quick. Ted Porter felt just like he represented me, not and he was there to make sure I get it get screwed. Thank you.

Jan 2, 2006

Steven Trabb

Fundera Customer Reviews (34)

I've applied for loans through the last few years and this is by far the very best and easiest. The paperwork was simple and short and my loan was deposited within 24 hours of acceptance. Everyone at Fundera is super nice and they really seem like the care of growing your business and are pleased to assist. I would recommend Fundera to everyone and anyone that needs cash flow or a small cushion to their business. Thank you Fundera! You guys are awesome.

Jan 8, 2002

Tom Provost

Fundera Customer Reviews (35)

Had a terrific experience with Fundera getting a loan for my small business. Maria and paul were both amazing. They worked hard, were there if I made sure everything went correctly, and worry or needed a question measure by step. They were also very honest and upfront, making sure I understood exactly what I was getting into and what exactly was going on. I can't say enough about the both of them! And I was able to get an excellent and reasonable loan!

Jan 3, 2000

Christine Fiems

Fundera Customer Reviews (36)

Our company is seasonal, and winter was very hard this year. We were on a time crunch and needed financing to begin the season. I stumbled upon Fundera online and decided to give it a go. It had been such a pleasure. He answered every question I had quite fast and made me feel comfortable in selecting funding. The whole process was so simple I was amazed! Thank you Ted for all your help in getting funding for our firm! We would use Fundera again!

Jan 4, 2008


Fundera Customer Reviews (37)

Creator's got a team that understands startup style financing requirements and business. They ask questions to get you paired with the support that is ideal and regularly follow up to be sure they have done. I was connected up with Bluevine and took good advantage of their"flex credit" that got my business through a tight squeeze into high earnings growth only in time. Hope Fundera keeps it looking forward to chatting with them again soon and going!

Jan 4, 2005


Fundera Customer Reviews (38)

As there's always space for improvement, rated a 4. Fundra has provided me some really excellent insight about which I want to do, and also that which I do not wish to perform. They steered me as I showed how it could help, not hinder my credit, and did not have one, having a habit of always using money. The sales folks are useful and interested. They have gone out of their way to help me find whatever I sought. I thank them.

Feb 12, 2016

Rich McGirr

Fundera Customer Reviews (39)

I applied through their website as I was looking for business acquisition loan options. Went through the entire procedure. Approximately 5 minutes after some guy called attempting to convince me to sign up for high limit credit cards. I was able to obtain financing and have excellent credit. Not sure why they needed me to get high limit credit cards. I believe this area could possibly be boundary line scam. Buyer beware!

Jan 12, 2001


Fundera Customer Reviews (40)

(Video) Fundera by NerdWallet Review (November 2022 Update): Get Small Business Loans Up to $750,000

Honestly, I did not expect to obtain funding from since I was denied so many times! Because I saw an email I just applied! As soon as I chose to experience the process believing SURELY I was completely THRILLED to find out I might acquire and the process was very well underway! I have recommended Fundera to my youngest brother who is in the process of starting his own business! Thank you, thank you, thank you!

Jan 5, 2019

Denise Finney

Fundera Customer Reviews (41)

Working with was a fantastic experience. Abby and ted were very efficient and helpful. They assured that every step along the way that they held our hand and clarified the details. They were very diligent and expedited the procedure. We ended up getting approved for our company SBA loan and without Abby and Ted, I do not believe it would have been possible. THANK YOU for your hard work and commitment!

Jan 4, 2006

Cary Honganen

Fundera Customer Reviews (42)

I labored with Francesca Gendreau to procure a short-term loan that was medium for my company to let us expand. My business has credit history. She was able to acquire a $35k short-term loan and worked. While establishing a relationship and trust with a lender I can work on my businesses credit. Thank you Francesca. I'll be coming back to you for my business credit requirements! Cary Buena Vida Builders LLC

Jan 2, 2001

Cynthia Carbone

Fundera Customer Reviews (43)

My experience: THEY WILL RUIN YOUR CREDIT (1).


Jan 4, 2000


Fundera Customer Reviews (44)

Fundera's email newsletter has given me, a small business owner, a great deal of insight to the company world. While others help me establish a more positive prognosis for the future, There's always at least one article in the newsletter that pertains to my situation. Thanks so much to Fundera for offering this free service that I have benefited considerably from, in so many ways. Please keep'em coming!

Jan 4, 2009


Fundera Customer Reviews (45)

After weeks of being hounded by Kevin for my bank statements that I didn't not want to do because he sounded just like a used car salesman, I went against my better judgment and sent in to be told I would have offers in 24 to 48 hours. Three months later I call him and he lies and says they've been trying to reach me horrible. Your own time isn't wasted by business owners. Go into OnDeck.

Jan 12, 2007

Ryan Trengrove

Fundera Customer Reviews (46)

After being in business for 5 years, I decided I'd look at ways I could enlarge. I checked out ondeck, kabbage, along with others before visiting Aditi has been the most helpful of all of the people I dealt with at the businesses. She was concerned and found that a loan that works flawlessly for my circumstance. I'm so thankful that is a firm. Highly recommend!

Jan 7, 2004


Fundera Customer Reviews (47)

The dash encounter was helpful letting me get a perspective of what was being provided. It might have been helpful to have more email/phone call communication from my account supervisor. I found myself reaching out to him to see what was happening and what the upcoming steps were vs. he contacting me, however, he was responsive. I highly recommend for any start-up business.

Jan 4, 2004


Fundera Customer Reviews (48)

I loved the help with assisting a small enterprise. They did help me put up a small business line of credit. I believed I had been getting help with other business financing. I haven't heard back on our software and it's been a couple of weeks. I wish we'd have been notified, if We did not get approved. We had to use credit because we could not wait and needed another vehicle.

Feb 4, 2019

Robert Bohannon

Fundera Customer Reviews (49)

Rating is subject to change as the loan is being paid in full and finalized Fundera was prompt and through in the expedition of my request for an loan for my business. The Loan helped kickstart the job and alleviate the stress in execution of the project's process. As my company is currently expanding, I will be needing more funding. I hope Fundera will be this corporation. Ab

Jan 4, 2008


(Video) Fundera Review

Fundera Customer Reviews (50)

Excellent service. Your own Business is sent to by a God. We were not able to get funding and were about to call it quits, but fundera helped us to find a vehicle loan and also a later capital loan and we made it. Convenient, fast, knowledgeable client services. At you are a person, not a number. I won't ever ask a lender for a loan again. There's no comparison!


Can SBA loan be denied after approval? ›

Even after you've been through the application process, it's possible that your SBA loan will be disqualified or denied. If that happens, you'll have questions—and we're here with the answers.

How hard is it to get an SBA loan right now? ›

Hard to qualify

Although the government guarantee reduces the risk that lenders face when issuing loans to small businesses, you'll still need to meet strict eligibility criteria to get an SBA loan. Typically, you'll need several years in business, strong business finances and a good credit history to qualify.

How long does it take SBA to review your application? ›

The SBA loan approval process takes 30 to 90 days from application to funding. However, this time frame varies by lender and loan type. The exact steps for getting an SBA loan can also differ from lender to lender, but there are a few general stages in the approval process: Loan application.

How long do SBA loan officers have to respond? ›

2: Application Processed

A loan officer takes over your case to work with you to receive any additional information, review insurance or other recoveries, and recommend a loan amount. We strive to make loan determinations within 2–3 weeks after receiving complete application packages.

What disqualifies you from getting an SBA loan? ›

Ineligible businesses include those engaged in illegal activities, loan packaging, speculation, multi-sales distribution, gambling, investment or lending, or where the owner is on parole.

What is the minimum credit score for a SBA loan? ›

Generally, the minimum credit score for SBA and term loans is around 680. If you're on the lower end of this spectrum, you'll likely need very strong business credentials to qualify, such as several years in business or significant annual revenue.

What is the easiest loan to get approved for? ›

The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit.

What is the easiest SBA loan to get approved for? ›

SBA Express

This term loan or line of credit offers fixed or variable SBA loan rates as well as the easiest SBA application process, quick approval times, flexible terms, and lower down payment requirements than conventional loans.

How can I get a $50,000 loan in one day? ›

Essential documents for a 50,000 instant cash loan
  1. Aadhaar Card Number linked to your mobile number for one-time password verification.
  2. Pan card Number.
  3. Photo ID proof on a prompt basis via the in-built camera in the loan app.
  4. Electronic signature.
Sep 11, 2022

What does it mean when your SBA loan is under review? ›

For example, SBA may review a loan if the loan documentation submitted to the SBA by the lender or any other information indicates that the borrower may be ineligible for a PPP loan, or may be ineligible to receive the loan amount or loan forgiveness amount claimed by the borrower.

What is the approval rate for SBA loan? ›

SBA loans have a 49% approval rate at small banks. SBA loans only have a 25% approval rate at large banks. 33% of small business owners struggle or fail due to a lack of capital. In 2020 the SBA distributed over 14 million loans worth $764 billion to small businesses.

What is the fastest SBA loan? ›

The SBA responds to Express loan applications within 36 hours and to Export Express loan applications within 24 hours. These turnaround times are substantially shorter than for other SBA loans, which take between five and 10 business days for approval.

Can SBA seize your home? ›

For some SBA disaster loans, borrowers have to provide collateral for the loan. (13 C.F.R. § 123.11.) If you put up real estate, such as your home, to secure the loan and later default, like by failing to make the payments, the lender might foreclose.

Does SBA investigate? ›

OIG investigates allegations of possible criminal violations and other wrongdoing. Most investigations are conducted in conjunction with a U.S. Attorney's Office. While the subject of an OIG investigation can be an SBA employee, the vast majority of the subjects are applicants for or participants in agency programs.

Do they forgive SBA loans? ›

Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.

Does SBA verify income? ›

All COVID EIDL applicants are required to submit a signed and dated Form 4506-T authorizing the IRS to release business tax transcripts for SBA to verify their revenue.

Does your credit score affect SBA loan? ›

VA's residual income guidelines ensureVeteran borrowers can afford the loan and determine how much money a Veteran must have left over after all debts and living expenses are considered. There is no minimum credit score requirement. Instead, VA requires a lender to review the entire loan profile.

Why is it so hard to get a SBA loan? ›

Low credit scores are a common reason why it's difficult to get an SBA loan. Banks are risk-averse, and usually, require borrowers to have a FICO score above 650. They may consider both your personal credit score and your business credit score.

Can I get SBA loan with 560 credit score? ›

However, SBA loans are provided by lenders who may have minimum score requirements. Typically, this minimum is about 620. 1 However, the higher your score, the more likely you are to receive approval.

Can I get a SBA loan with a 570 credit score? ›

The SBA does not state specific credit score minimum requirements, but business mentors recommend entrepreneurs have a credit score in the mid to high 600s. Some loan products, like the SBA microloan program, may have SBA loan credit requirements on the lower end.

Which FICO score does SBA use? ›

The SBA uses the FICO Small Business Scoring Service, or SBSS, in many cases to evaluate the credit history of your business. SBSS scores get pulled for SBA 7(a) loan application prescreens as well.

Can you get approved for a loan with a 500 credit score? ›

You may qualify with a poor credit score as low as 500, but you must also satisfy several other requirements to get an FHA loan guarantee. These loans require a 10% down payment (or 3.5% if your credit score is above 580), mortgage insurance, and a monthly payment for the life of the loan.

Can you get approved for a loan with a credit score of 550? ›

Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.

Can you get a personal loan with a credit score under 500? ›

It is possible to qualify for a personal loan with a poor credit and a credit score as low as 500, but your choices are very limited. The best way to get a personal loan with a 500 credit score is to start by checking to see if you pre-qualify for loans from major lenders.

Does everyone get approved for SBA? ›

In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding.

How to get instant cash loan? ›

You can directly contact a bank/financial institution through its website and check your personal loan eligibility, interest rate, and EMI payable, after which you will be able to apply for the loan online. Once the loan application is approved, the amount will be disbursed to your bank account immediately.

Which app gives quick loan? ›

Credy is one of the quick loan giving apps in India that provides personal loans on personalised terms. With no hidden costs, no requirement of collateral or a guarantor, fast online processing, and acceptance of a low CIBIL score, Credy is simple, fast and low-cost.

How long is a loan under review? ›

STEPS IN LOAN APPLICATION PROCESS. The process for loan approval generally takes 2-3 months after the application is submitted. Loan fees of 0.5% to non-profits, and 1% to for-profits will be charged to all borrowers. 1.

How long does it take for SBA loan to hit your bank account? ›

As little as a day to get your application paperwork in order. One to two business days for loan approval. Five to 10 business days to get your cash in hand.

Does SBA review loan forgiveness? ›

Lender's Approval of Forgiveness

SBA will, subject to any SBA review of the borrower's loan(s) or loan application(s), remit the appropriate forgiveness amount to the lender, plus any interest accrued through the date of payment, not later than 90 days after the lender issues its decision to SBA.

What happens after SBA EIDL loan is approved? ›

After receipt of the signed documents the funds are direct deposited typically in 3 -5 business days. If collateral is required for the loan SBA will prepare a partial disbursement of $25,000 to submit to the borrower and release the remaining funds once all collateral is appropriately secured.

Can a approved loan be denied? ›

Banks will not approve another loan and will deem you overleveraged. Your DTI (debt-to-income) ratio will be unfavourable and you will not be able to allocate more of your income to clearing off your new loan.

How strict are SBA loans? ›

Because the government backs SBA loans, the application process is notoriously tricky, and SBA loan requirements considered among the most strict. The application process can be lengthy and detailed, and you need to prepare for plenty of paperwork.

Are SBA loans guaranteed? ›

To encourage private lenders to provide funding to small businesses, the SBA will guarantee repayment of a substantial percentage of the loan amount if the borrower defaults on the loan.

How long does it take to go from approved to funded Eidl? ›

Once a borrower applies for an EIDL, approval timelines can vary depending on volume. Typically, a decision is made within 21 days of application, and disbursement of money within five business days. Borrowers are assigned individual loan officers for servicing the loan.

What happens if you can't pay back the EIDL loan? ›

The loan is secured by the assets of the business. So if you fail to repay your loan, the SBA can take possession of the assets of your business.

Does SBA audit EIDL loans? ›

The requirement to repay the loan is not considered a significant compliance requirement. Nonprofits who receive greater than $750,000 in federal awards, including EIDL loan proceeds and other awards, are required to undergo a single audit.

Will I get my down payment back if my loan is denied? ›

Understand the financing contingency

Basically this means that the purchase of this property depends on your getting a loan first. If a loan can't be secured, then you won't buy the house—and can take back your earnest money.

Why do I keep getting rejected for loans? ›

It may be that your credit score isn't high enough. It could be your income and expenditure don't meet the lender's affordability criteria. You can ask to see your credit report to check it's correct. You can check your credit report for free.

Can you have a good credit score and still get denied? ›

Having debt, whether it's credit card debt or loan debt, can keep you from being approved for a credit card, even if you're paying your debt well enough to achieve an excellent credit score.

Does SBA report loans to IRS? ›

Only direct obligors are reported by SBA since IRS regulations do not consider guarantors to be debtors for purposes of 1099-C reporting. The IRS and the debtor will determine what, if any, income tax obligation may exist with respect to the discharge of debt by SBA.

Can you get in trouble for SBA loan? ›

SBA loan fraud is a serious issue. Offenders facing criminal charges for loan fraud could face up to 30 years in federal prison depending on the severity of the charge. While times are tough, it is important to weigh the reasons why the loan is necessary and if there are other methods to procure the needed funds.

Does everyone get approved for SBA loan? ›

In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding.


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