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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 and understands their market. I highly recommend Fundera. A special thank you to Linda ** who was very detailed and great to work with during the process.
Fundera is a loan broker firm. They released our personal and business information to other lenders but they never told you about that. Therefore, before applying your loan with Fundera, you must ask Fundera if they will release your personal and/or business information to other lenders.
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Jacob ** from Fundera called me today to see if I was interested in a loan. Before I even finished talking, as soon as he found out I thought the interest rate was too high, he hung up. Extremely rude and nearsighted. Then, a manager named Meredith ** try said the call was dropped. If the call was dropped, don't you think Jacob would have called back, since we were discussing something critical to whether I'm interested in the loan? The worst thing a company can do is not own up to mistakes and try to hide it. This shows unhealthy company culture. I have lost complete trust in this company and will end my relationship with Fundera. I have had much better experience with Kabbage.
Very discouraged by having to apply for this loan but Fundera made it simple. Their Customer Service was extremely professional and personal. They kept me informed throughout the whole process and now I am able to keep my "essential" business open. I highly recommend them for your financial needs.
Fundera made it easy for me to apply and secure a PPP loan. The follow up was great with emails from actual account staff to keep me informed during the process unlike automated emails and account staff were responsive to requests/questions. I recommend Fundera.
I picked Fundera from a list of banks handling the PPP funding. I also went through my regular business bank. They (Wells Fargo) suggested I look elsewhere for the funding. I received my loan from Fundera last week, thanks to David **. He answered my questions and checked to make sure my application had been entered in the system for me. Fundera got me the loan when others didn't or wouldn't. Oh, just a note....Wells Fargo is still sending me emails telling me they are working on my application! Yeah, Right.
My own banks prioritized their big corporate clients and didn't get me PPP funding, despite having a 20 year relationship with each of them. Fundera connected me with one of their partners who successfully obtained the funding, which will likely save my small business. It was easy and they actually communicated with me about the actual status of my application instead of sending generic "your application is in process" emails. Today I attended one of their PPP webinars and they actually answered one of the questions that I emailed to them before the event! Real live people, providing real life help. I am now a big fan of Fundera.
Although we had no prior relationship with Fundera they helped our company obtain an SBA loan, when our other banks could not help us in a timely fashion. Adam ** corresponded with us through the entire process helping us get a much needed loan. He gave us daily updates and did his best to answer our many questions.
Three different, extremely young and naive (read: not actual financial advisors) men contacted me from Fundera--and each was more condescending and rude than the last. I was told I could get an sba loan, but then was told, and I quote, that I "didn't appear to understand finances" since my expenses for personal rent were high during a year the business income was low. I have literally zero other debt--no car payments, etc. Also, I sold a startup 10 years back and still have a good deal of personal funds, and my personal savings/accounts/life etc really doesn't have anything to do with this business.
I want a business loan for precisely so I can grow the biz without using personal funds. Also, I gave them 5 years of tax returns and one year wasn't awesome, but the other 4 were consistent and showed growth. The issue is not that they refused to submit an SBA loan--it is the way I was spoken to, and the insulting of my business sense. I find it interesting when those who would NEVER EVEN TRY TO DO GREAT THINGS INSULT OTHERS WHO DO. Because of this horrific treatment I suggest you look elsewhere, especially if you are a woman. FYI-- after the patronizing "you will never get an SBA or bank loan" insults--my bank offered me a great term loan. Thanks for insulting me Fundera! Got a better rate with nicer people at a real bank.
I originally was looking for equipment financing, which they failed (I was approved by a different company). Once my application was in this guys Jacob ** kept calling me numerous times and left voicemails, "hey, we got a 50,000 line of credit ready for you”. He kept calling me so many times that I finally thought, “Let’s give this a shot.” I called him back. He said, "We just need any piece of mail with your address on it..." 1 week later, “We just need to see a signed lease with your landlord.” 1 weeks later, “We just need last 3 months of bank statements.” 1 week later, “Since last month has past we need another month of your bank statement.”
I finally got frustrated and said "NO" but but David told me this is the final step. 2 weeks pass by I did not hear from him. I finally sent him email asking what the status is, he replied "by looking at your last bank statement they decided to give you only a term loan of 60,000 with %20 apr.” I know their response is going to be that I wrote this review because I was upset that I did not get what I wanted. This is absolutely not the case. We got approvals from another company and business is booming! I just felt that they wasted so much of my time. I will waste another few minutes to put this out there so other small business owners can make an educated decision for their business! (btw I got all phone call recorded and stored away).
Fundera author review by Barbara Friedberg
Fundera is an online marketplace that helps small business owners connect with funding providers. The company simplifies the business loan application process by doing the groundwork to identify the industry lending leaders to expedite the borrowing process.
Products: Fundera products include small business loans, merchant cash advances, equipment loans, invoice factoring funding and business lines of credit. Fundera is one of the few business lenders with access to capital for startup firms.
Interest rates: Low rates are guaranteed. The company promises transparent pricing and terms. The interest rates and terms are listed on website for each specific loan type.
Service: Online and phone chat are available. The borrower receives several offers at once.
Borrower qualifications: Qualifications vary based upon lender but minimum qualifications in most cases are $9,000 per month sales and be in business for at least two years.
Fast approval process: Depends upon funder and may range from two days to two weeks.
Loan limits: Depends upon funder. The limits for each specific type of loan are listed in corresponding loan-type description.
Repayment options: Depends upon funder. Repayment options are listed on the website for each specific loan type.
Resources: Free guide; ‘Minimum criteria for each type of small business loan,’ calculators, tools, guides, videos, glossary and more.
Fundera Company Information
- Company Name:
- Year Founded:
- 291 Broadway (Suite 900)
- New York
- Postal Code:
- United States
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