Fundera Reviews

3.2

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Updated Apr. 20, 2026

By: Cassidy Horton

+1 more

Edited by: Tammy Burns

About Fundera

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Fundera by NerdWallet is a marketplace connecting small businesses with funders. It doesn't provide loans directly but partners with over 25 lenders to help you find the best rates and terms. Through Fundera’s network, businesses can apply for term loans, lines of credit, invoice financing, equipment financing and SBA loans.

Pros

Free to use
Variety of financing options
Single application for multiple offers
Quick funding times

Cons

Marketplace doesn’t include all business loan lenders
Credit scores vary by lender
Extra fees may apply based on the lender you choose

Helpful Reviews

BradyNorman, OK

Verified purchase

Fundera was very helpful in helping our company secure SBA funding. Fundera's team worked efficiently together to make the process smooth. Fundera was diligent to keep us on task ...

TomLake Forest, IL

Verified purchase

We took a loan in 2024 through Fundera, serviced by OnDeck, and paid it off as per the terms of the agreement. Since then, we have not needed or wanted to take on additional capit...

Our editor’s take on Fundera

If you’ve never gotten a business loan before, the sheer number of options can be overwhelming. We like that Fundera simplifies the process by letting you compare loan offers side by side, and also connects you with a dedicated loan specialist for one-on-one support.

Some of the lenders in Fundera’s network include Chase, American Express, Kabbage, OnDeck, FundBox and BlueVine — so if you’re thinking about getting a business loan through any of these providers, using Fundera to compare them all at once could help you save time. But if you already have your list narrowed down to one or two options, applying directly with those providers could help you skip the part of needing to talk with a specialist.

Fundera products

While some lenders may only offer one or two types of business loans, Fundera allows you to shop for several types of loans all at once.

SBA loans

Small Business Administration (SBA) loans are government-backed loans designed to offer financial assistance to small businesses. They’re known for having favorable terms, including low interest rates and longer repayment periods, which can range up to 25 years.

Business lines of credit

A business line of credit functions like a credit card. It offers a flexible funding solution where businesses can draw funds up to a certain limit and pay interest only on the amount used. It's particularly useful for managing cash flow, handling unexpected expenses or taking advantage of new business opportunities.

Business term loans

Business term loans provide a lump sum of capital upfront, which businesses repay with interest over a set period, usually between one and five years. These loans are ideal for making long-term investments in a company's growth, such as expansion or large-scale purchases.

Equipment loans

Equipment loans come in handy if you want to purchase business equipment. The equipment itself often serves as collateral, and in return, you might get a lower interest rate. These loans are easier to qualify for compared to unsecured loans since your lender can seize the equipment if you default on the loan.

Invoice financing

Invoice financing allows businesses to borrow money against outstanding invoices. It’s particularly useful for businesses that have long invoice cycles and need to manage cash flow in the interim.

Short-term loans

Short-term loans are designed for businesses that need quick access to capital for immediate operational needs. These loans are typically used to bridge temporary cash flow gaps, cover emergency expenses or capitalize on timely business opportunities. The repayment period for short-term loans usually spans from three to 18 months.

Merchant cash advances

Merchant cash advances (MCAs) provide businesses with a lump sum of capital in exchange for a portion of future credit card sales. This type of financing is suitable for businesses with high volumes of credit card transactions and that need access to capital quickly.

Startup loans

Startup loans are aimed at new businesses that are in the early stages of operation. These loans often come with more flexible eligibility requirements concerning time in business and revenue.

Business credit cards

Business credit cards are a form of revolving credit that offers businesses a convenient way to pay for everyday expenses while also potentially earning rewards. Credit cards for businesses can come with various benefits, like cashback, travel rewards and expense management tools.

Personal loans for business use

Personal loans for business use are an alternative funding solution for individuals who may not qualify for traditional business loans. You can use these loans for business-related expenses. They’re typically based on your individual credit history and score.

Fundera rates

With Fundera, you’ll find different rates depending on the loan product and lender you get matched with. Because loan rates can vary so much, it’s best to fill out the initial application and compare offers. This step requires only a soft credit check, which doesn’t affect your credit score.

Fundera fees

Fundera itself doesn’t charge fees to borrowers, so it’s free for businesses to use. Instead, it earns a commission from the lender once it funds a loan.

Depending on the lender you choose, you may run into origination fees, application fees or processing fees. Before you take out a loan, review the lender's full fee disclosure to understand the total cost of borrowing. Ensure these payments can comfortably fit into your budget.

How to apply for a Fundera loan

The best part of Fundera is that you can get matched with several business loans at once through a single application. Here’s how it works:

Create an account on Fundera's website.
Fill out the application form, which asks for details like credit score, business revenue and the intended use of funds.
Wait for one of Fundera’s advisors to contact you to discuss your loan options and requirements.
Fundera will then match you with potential lenders based on your qualifications.
Compare the loan offers presented to you and apply for the one that best fits your needs.

Specific business loan eligibility requirements vary by lender. Generally, lenders will want a credit score of 600 or higher. Lenders may look at your annual revenue, time in business and U.S. citizenship or permanent residency to determine eligibility. You might also be asked to present a business plan for more comprehensive loans.

How does Fundera compare?

So how does Fundera stack up against other notable names in the business lending space, like Lendio and Biz2Credit? Lendio boasts a more extensive network of lenders — it has over 75 partner lenders compared to Fundera’s 25.

But Fundera prides itself on a personalized approach with dedicated loan specialists. Biz2Credit is a direct lender with more limited loan options, but it has clearer eligibility requirements.

Here's how these three business loan options stack up in terms of annual percentage rate (APR), loan terms and other key factors:

Company		APRs
Fundera	Learn More	Varies by lender
Lendio	Learn More	3% to 60%
Biz2Credit	Learn More	15.99% to 29.99%

Fundera FAQ

How much did NerdWallet pay for Fundera?

According to SEC records, Nerdwallet paid $29.2 million to acquire Fundera in October 2020. It had the potential to pay out up to an additional $66 million over the two years that followed, depending on Fundera’s performance. It’s unclear if Nerdwallet paid out this additional amount.

Does Fundera pull your credit score?

Fundera may perform a soft credit check when you apply for a loan, which doesn’t affect your credit score. A hard credit pull occurs later in the process once you submit a full application with a specific lender.

Can I get a startup business loan with a 500 credit score?

Getting a startup business loan with a credit score of 500 can be challenging, as most lenders look for higher credit scores. However, alternative lenders and loan marketplaces like Fundera may have options for those with lower credit scores. The terms you qualify for may not be as promising as those available to applicants with higher credit scores.

Still have questions?

Is Fundera legit?

Fundera is a legitimate online marketplace for small business loans. It’s been in operation since its founding in 2013 and was acquired by NerdWallet in 2020, further solidifying its financial backing.

Fundera says it has helped over 85,000 businesses secure more than $2.5 billion in combined funding. At the time of publishing, there are no widely reported legal actions or scandals associated with Fundera, and it has partnerships with reputable lenders and financial institutions.

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