Fundera Reviews: Loan Requirements, Pros & Cons - Complete 2025 Guide
Connects small businesses with multiple lenders to compare loan offers.
Offers SBA loans, merchant cash advances, and equipment financing.
Easy application with access to funding in as little as a few days.
Trisha Smith
5 months ago
Working with Mike Kowal was truly an exceptional experience from start to finish. He was personable, highly responsive, and consistently communicative, taking the time to educate me throughout the entire process so I fully understood what was happening at every step.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.
Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.
The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
HMP Wholesale
6 months ago
Convenient and aggressively priced rates - beats the market. Craig was great at speeding up the process and making it smooth.
brandon banks
6 months ago
I was able to secure a business loan in an industry that typically has a hard time getting approved. Craig and the team at Upwise made it happen from start to finish. Professional, responsive, and results-driven. A+ experience all around!
Stephanie Terrelonge
7 months ago
Upwise Capital and Daniel Joseph were great in helping me obtain financing and grow my janitorial business. Mr. Joseph is quick, efficient and professional. Funding was complete in just a few hours. Daniel is very detailed and easy to work with. He stuck with me from beginning to end. Thank you Upwise Capital and Daniel for helping to expand my business. I appreciate all your help.
AA Fishing Charter Aquaholics Aknotymous
8 months ago
The rates for loans are horrible, and if you disagree with them, they get angry and hang up on you lol. It is clear they are in business to get the best deal for themselves, not the customer. Leo Lamb, one of their funding managers comes across like a used car salesman. When I called them out for their shady practices, he got very aggravated.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Jonathan F
2 years ago
Timely efficient, def would work with again, made the processs easy
Hatchet's & More
2 years ago
ETC 4 DISPATCH Logistics
2 years ago
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But Hemp
2 years ago
Donna Essner
2 years ago
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth Cann
2 years ago
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La Cruz
2 years ago
I worked with Leo. He is very attentive and professional.
Mohamed Khanafer
3 years ago
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy Sockwell
3 years ago
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise
Upwise
Sharon Johnson
3 years ago
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike Maffei
3 years ago
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
Niyetroshia Thomas
4 years ago
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!
Fundera at a Glance: Key Features and Services
Fundera by NerdWallet is a trusted lending marketplace that connects small businesses with business loans tailored to their specific needs. Instead of being a direct lender, Fundera works with a network of business lenders, allowing small businesses to compare several loan offers in one place. This helps business owners find the best fit for their capital needs, whether for working capital, equipment purchases, or expansion. Fundera works with relatively few lenders, which can limit options but often provides competitive rates and lower fees.
Quick Facts About Fundera:
- Founded: 2013
- Loan Products: SBA loans, equipment financing, invoice financing, merchant cash advances, term loans, and business lines of credit
- Loan Amounts: $5,000 – $5,000,000 (varies by loan type)
- Funding Speed: Funding can occur within 1-7 business days after approval
- BBB Rating: A+
What You’ll Learn in This Review:
- What is Fundera?
- How does Fundera work?
- Loan products, terms, and eligibility requirements
- Pros, cons, and comparisons with other lenders
- Frequently Asked Questions (FAQs)
What is Fundera?
Fundera is a business funding matchmaker that helps small businesses find financing solutions by comparing multiple loan options. With access to a wide range of loan products, Fundera provides small business owners with the tools to make informed financial decisions. Whether you’re looking for short-term loans, merchant cash advances, or SBA loans, Fundera simplifies the process and connects you with specific lenders that meet your needs.
Available Loan Products:
- SBA Loans: Long-term, low-interest loans backed by the government. Many small business owners have shared their experiences with obtaining an SBA 7a loan. Positive interactions with lenders often highlight the favorable terms and support provided. However, challenges such as loan limits and customer service issues are also common, illustrating the significance of the SBA loan in the context of small business funding.
- Business Lines of Credit: Flexible financing for ongoing needs.
- Merchant Cash Advances: Quick funding repaid as a percentage of daily sales.
- Equipment Financing: Loans for purchasing or leasing equipment.
- Invoice Financing: Advance funding on outstanding invoices.
- Business Term Loans: Fixed loans for larger expenses or projects.
Industries They Serve:
Fundera serves a variety of industries, including:
- Retail
- Restaurants
- Healthcare
- Construction
- Professional Services
How Fundera Works?
Fundera simplifies the business financing process by acting as a matchmaker between small businesses and lenders. Using their online platform, business owners can apply once and receive multiple loan offers from lenders in their network.
Key Features of Fundera’s Process:
- Quick Application: One application connects you with several lenders.
- Loan Matching: Fundera identifies the best financing options based on your business profile.
- Expert Support: Loan specialists guide you through the funding process.
By combining technology with personalized assistance, Fundera ensures small businesses can quickly find the best solution for their financial needs.
Fundera Small Business Loans
Fundera
SBA Loans
- Loan Amounts: $5,000 to $5,000,000
- Repayment Terms: Up to 25 years
- Interest Rates: Starting at 6.25%
- Uses: Business expansion, real estate, equipment, and working capital.
SBA loans are ideal for businesses seeking long-term financing with lower interest rates.
Fundera
Business Lines of Credit
- Loan Amounts: $10,000 to $1,000,000
- Terms: Revolving credit; pay interest only on what you use.
- Uses: Managing cash flow, inventory, or unexpected expenses.
A business line of credit is perfect for businesses needing flexible, ongoing access to funds.
Fundera
Merchant Cash Advances
Loan Amounts: $5,000 to $500,000
Terms: Repayments are a percentage of daily credit card sales.
Uses: Short-term funding for immediate needs.
Merchant cash advances are a fast but more expensive option for businesses with fluctuating revenues. Understanding the financing factor and repayment terms is crucial to ensure that a cash advance aligns with your business's financial strategy.
Fundera
Equipment Financing
- Loan Amounts: Up to 100% of equipment value
- Terms: 1 to 5 years
- Uses: Purchasing or leasing machinery, vehicles, or tools.
Equipment financing helps businesses acquire essential tools without large upfront costs.
Fundera
Invoice Financing
- Loan Amounts: Based on the value of outstanding invoices.
- Uses: Improve cash flow by converting unpaid invoices into immediate funds.
Invoice financing is great for businesses with long payment cycles and unpaid accounts receivable.
Fundera
Business Term Loans
- Loan Amounts: $25,000 to $1,000,000
- Terms: 1 to 5 years
- Uses: Expansion, hiring, or significant one-time expenses.
Term loans provide businesses with a lump sum of funding for larger investments.
Fundera Loan Requirements
Here is the basic criteria your business must meet for fundera loan requirements:
- Time in Business: At least 6 months (varies by loan product).
- Annual Revenue: $100,000 or more.
- Credit Score: Minimum of 600 for most loan types.
- Required Documentation: Bank statements, tax returns, and business financials.
What You Need to Know
A few things to know when considering fundera business loans:
- Fundera does not charge borrowers; fees are paid by lenders.
- Early repayment options vary by lender and loan type.
- Terms range from 6 months to 25 years, depending on the loan product.
How to Apply to Fundera
Fundera: Application Process
Step 1: Complete the Online Application
- Fill out Fundera’s simple application form to share your business details.
- Provide financial information, including annual revenue and credit score.
Step 2: Compare Loan Offers
- Fundera’s platform matches your business with potential lenders.
- Review loan terms, interest rates, and repayment schedules from multiple offers.
Step 3: Select and Accept the Best Offer
- Work with a Fundera loan specialist to finalize your application.
- Receive funding in as little as 1-7 business days.
Pros & Cons of Fundera
PROS
CONS
Apply Now for Business Financing
- Access term loans, lines of credit, working capital & more
- Secure the terms and conditions that make sense for you
- Apply for working capital and cash flow funding to cover inventory, marketing and operations
Stay ahead of the curve - get access today!
Upgrade your capabilities with specialized financing for almost any industry.
Why Choose Upwise Capital
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of business line of credit lenders. This means you're more likely to find the best match for your funding needs.
Is Fundera Legit?
Yes, Fundera by NerdWallet is a legitimate lending marketplace that provides small business owners with a wide range of financing options. Their A+ BBB rating and positive reviews from customers highlight their dedication to providing a valuable service.
If Fundera doesn’t meet your needs, consider exploring Upwise Capital for additional financing solutions tailored to your business.
Fundera Frequently Asked Questions - FAQ
What other lenders compare to Fundera?
Alternatives to Fundera
While Fundera is a reputable business funding matchmaker, there are alternative options to consider:
- Lending Club: A peer-to-peer lending platform that offers small business loans with interest rates starting at 6.95% APR. Lending Club provides a straightforward application process and competitive rates.
- Funding Circle: A peer-to-peer lending platform that offers small business loans with interest rates starting at 4.99% APR. Funding Circle is known for its fast approval process and flexible terms.
- Square Capital: A financing platform that offers small business loans with interest rates starting at 10% APR. Square Capital is ideal for businesses that use Square for payment processing.
- OnDeck: An online lender that offers small business loans with interest rates starting at 9.99% APR. OnDeck provides quick funding and a variety of loan options.
- BlueVine: An online lender that offers small business loans with interest rates starting at 4.8% APR. BlueVine specializes in lines of credit and invoice factoring, making it a great option for businesses with cash flow challenges.
Exploring these alternatives can help you find the best business funding matchmaker for your specific needs.
Other Business Funding Options to Consider
In addition to Fundera and its alternatives, there are other business funding options to consider:
- SBA Loans: Government-backed loans that offer favorable terms and interest rates. SBA loans are ideal for businesses seeking long-term financing with lower interest rates.
- Invoice Financing: A type of financing that allows you to borrow against outstanding invoices. This option is great for businesses with long payment cycles and unpaid accounts receivable.
- Merchant Cash Advances: A type of financing that provides a lump sum payment in exchange for a percentage of future sales. Merchant cash advances are a fast but more expensive option for businesses with fluctuating revenues.
- Equipment Financing: A type of financing that allows you to purchase or lease equipment for your business. Equipment financing helps businesses acquire essential tools without large upfront costs.
- Business Lines of Credit: A type of financing that provides a revolving line of credit for your business. Business lines of credit are perfect for businesses needing flexible, ongoing access to funds.
By considering these alternative funding options, you can find the best solution for your business needs and financial situation.
What Happens After Applying with Fundera?
Once you apply, Fundera matches your business with potential lenders. You’ll review loan offers with the help of a loan specialist and choose the best fit for your needs.
Does Fundera report to credit bureaus?
Fundera itself does not report to credit bureaus, but the lenders in their network may report your repayment activity.
How do I manage my loan with Fundera?
Loan management is handled directly with the lender you select through the Fundera platform.
What is the customer experience like with Fundera
Fundera reviews highlight the company’s ability to simplify the business loan process and provide access to multiple lenders. Small business owners frequently mention Fundera’s great service and helpful loan specialists in their feedback. Many customers have praised Fundera for doing a ‘totally awesome job helping’ them through the funding process, emphasizing the exceptional assistance and pleasant experiences.
Better Business Bureau Rating: A+Â
Common Complaints: Some users report receiving multiple calls from lenders after applying.
Evaluating Fundera’s Customer Support and Technical Assistance
Fundera is committed to providing excellent customer support and technical assistance to its clients. Here are some ways to evaluate Fundera’s customer support:
- Phone Support: Fundera offers phone support during business hours, allowing you to speak with a loan specialist directly. This personalized assistance can help address any questions or concerns you may have.
- Email Support: Fundera also offers email support, allowing you to send questions or concerns to a dedicated support team. This option is convenient for non-urgent inquiries.
- Live Chat: Fundera’s website features a live chat option, allowing you to quickly connect with a support representative. This feature is ideal for immediate assistance.
- Resource Center: Fundera’s website features a comprehensive resource center, providing access to educational materials, FAQs, and industry insights. This valuable tool can help you make informed decisions about your business financing options.
By leveraging these support options, you can ensure a smooth and informed experience with Fundera.
Fundera by Nerdwallet Reviews: Final Verdict
Who Should Consider Fundera?
- Small businesses looking to compare loan offers from multiple lenders.
- Companies seeking flexible loan options, including SBA loans and equipment financing.
- Business owners who prefer expert guidance throughout the funding process.
Who Should Look Elsewhere?
- Startups with limited business history or revenue.
- Businesses seeking direct lenders for faster funding.
Tips for Success with Fundera
- Have all necessary paperwork ready to streamline the application process.
- Work closely with a loan specialist to understand your options.
- Compare loan offers carefully to find the best terms for your needs.
- Use Fundera as an excellent resource to explore various financial products.
Disclaimer:Â Fundera trademark is owned by NerdWallet, Inc. dba Fundera and its use herein is for reference purposes only. This does not indicate sponsorship or endorsement from NerdWallet, Inc.