Fundera Reviews

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Edited by: Tammy Burns

About Fundera

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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

Fundera Reviews

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    Page 2 Reviews 10 - 40
    Customer ServiceStaff

    Reviewed May 14, 2020

    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.

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    StaffLoan ProcessTransparency

    Reviewed May 5, 2020

    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.

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    Customer ServiceStaff

    Reviewed Oct. 19, 2019

    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.

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    Customer ServiceStaff

    Reviewed March 18, 2019

    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).

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    Customer ServicePriceOnline & AppStaffEase of Use

    Reviewed Nov. 3, 2016

    This is probably the best customer service team I have had the pleasure of talking to! Their expertise and their genuine care makes for a great experience. The application process is very easy! It only took me probably less than 10 minutes to complete the application before I was able to partake! Their rates are fair. Not too expensive, but I wish they could be cheaper. However, that doesn't bother me too much. I don't mind paying for good payouts and service. Their online tools are very simple, so they are very easy to use and their website is very navigable, so often times, I do not have any trouble.

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    Contract & TermsPunctuality & Speed

    Reviewed June 9, 2016

    I was handled right away. I thought it was amazing and fast how they helped me find my way. It's insane how good it is. I really love the application process. It was ridiculously easy. The continuity of how easy they made it still astonishes me. The rates and terms are insanely good. I could not speak enough about how much I love it. Online tools are really good and I would highly recommend it. I can't see myself living without such a thing. You are a good to be dead fool if you don't use it.

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    StaffEase of UseProcess

    Reviewed March 25, 2016

    Customer support is one if the reasons why I chose them. They were able to show me what were the best options for me when I first got the loan and have been following up ever since. Application process was relatively easy. Although you have to comply very specific requirements to qualify for the loan. Once you comply with them the process was straightforward. Rates are lower than consumer loans and in line with what other competitors are offering, however I liked the staff and their bundled offers and decided to go with them. Easy to use, and easy access from mobile devices (my preferred method of tracking my financial products). The interface is very user-friendly and has all the things that I'd like to track.

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    Punctuality & SpeedStaff

    Reviewed March 9, 2016

    This company make me very happy to be customer and they help me to fit my problem and get what my family want. I will be customer of this company in the future too. It's very easy and quick to make loan with this company. They are make me happy to get loan and buy what we need for my family. I want my friends to try and they will be happy same as me. It's very good and easy to find information from online and you can get review from the website too. This company they have good review.

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    Fundera Company Information

    Company Name:
    Fundera
    Year Founded:
    2013
    Address:
    291 Broadway (Ste. 900)
    City:
    New York
    State/Province:
    NY
    Postal Code:
    10007
    Country:
    United States
    Website:
    fundera.com