Fundation may be a good option for businesses that need fast funding and flexible terms.
Discover how Fundation’s business loan can provide your business with quick financing options and flexible terms. Read this comprehensive review to find out why Fundation may be the right choice for your funding needs.
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Online lender Fundation is a good option for small-business owners who:
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Want flexible term lengths: With terms from one to four years, you can access short-term cash for payroll or inventory, or longer-term financing for bigger projects.
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Have employees: Fundation requires that businesses are made up of the borrower and at least two other individuals.
» MORE: Compare small-business loans
Fundation loan details
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Loan amount: $20,000 to $500,000.
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APR: 8% to 30%.
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Loan term: 1 to 4 years.
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Funding time: Average of 1 to 3 days.
» MORE: Find options for fast business loans
How to qualify for a Fundation loan
Before you apply for a Fundation loan, find out whether you meet the minimum qualifications.
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660+ personal credit score.
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2+ years in business.
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$100,000+ in annual revenue.
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3+ employees.
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Personal guarantee required.
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Lien on business assets required.
Reasons to use Fundation
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Broader view of the borrower: As part of the underwriting process, youll discuss with a Fundation underwriter why youre borrowing and how you intend to use the money, and clarify any questions the company may have about your application. The conversation helps round out Fundations view of you as a borrower, because the underwriting data the company collects doesnt always give the full picture, Fundation Chief Executive Officer Sam Graziano says.
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Human touch: When you apply, youll be paired with a Fundation customer relationship manager who will help you through the loan process. Through phone calls and emails, he or she will answer your questions and prepare you for your call with a Fundation underwriter.
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Opportunity to borrow more: After nine months (or six months if youre borrowing for one year), Fundation will let you refinance and borrow more — as long as youve been paying on time.
Where Fundation falls short
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Not for very small businesses: If your business is just you and a partner, Fundation isnt an option for you. The lender requires that you have at least three employees — you can include yourself — to qualify for a loan.
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More frequent repayments than with banks: Fundation automatically deducts loan repayments from your bank account twice a month, whereas banks and some online lenders that offer similar loans to Fundation typically collect monthly repayments (and yet other online lenders collect daily repayments). Graziano maintains that making payments more often helps some businesses manage their cash flow because each payment is smaller. Still, Fundation isnt the best option for you if you prefer to make monthly repayments or have uneven cash flow.
Compare business loans
If youd like to compare loan options, NerdWallet has a list of small-business loans that are best for business owners. All of our recommendations are based on the lenders market scope and track record and on the needs of business owners, as well as rates and other factors, so you can make the right financing decision.
Fundation Business LoanBlog Post:Are you in need of quick financing options with flexible terms for your business? Look no further than Fundation’s business loan. In this comprehensive review
Fundation Business LoanBlog Post:Are you in need of quick financing options with flexible terms for your business? Look no further than Fundation’s business loan. In this comprehensive review
Fundation Business LoanBlog Post:Are you in need of quick financing options with flexible terms for your business? Look no further than Fundation’s business loan. In this comprehensive review
we will explore how Fundation can help your business by providing fast funding and accommodating repayment options.Fundation understands the challenges that small and medium-sized businesses face when it comes to securing funding. That’s why they have designed their business loan to be easily accessible
we will explore how Fundation can help your business by providing fast funding and accommodating repayment options.Fundation understands the challenges that small and medium-sized businesses face when it comes to securing funding. That’s why they have designed their business loan to be easily accessible
we will explore how Fundation can help your business by providing fast funding and accommodating repayment options.Fundation understands the challenges that small and medium-sized businesses face when it comes to securing funding. That’s why they have designed their business loan to be easily accessible
ensuring that you receive the financing you need in a timely manner.With Fundation’s business loan
ensuring that you receive the financing you need in a timely manner.With Fundation’s business loan
ensuring that you receive the financing you need in a timely manner.With Fundation’s business loan
you can expect a streamlined application process
you can expect a streamlined application process
you can expect a streamlined application process
allowing you to focus on growing your business rather than spending hours filling out paperwork. Their online application is user-friendly and can be completed in just a few simple steps. Within a short period
allowing you to focus on growing your business rather than spending hours filling out paperwork. Their online application is user-friendly and can be completed in just a few simple steps. Within a short period
allowing you to focus on growing your business rather than spending hours filling out paperwork. Their online application is user-friendly and can be completed in just a few simple steps. Within a short period
you will receive a decision
you will receive a decision
you will receive a decision
and if approved
and if approved
and if approved
funding can be available as soon as the next business day. What sets Fundation apart from other lenders is their commitment to providing flexible terms. They understand that every business is unique and may have different financial needs. Therefore
funding can be available as soon as the next business day. What sets Fundation apart from other lenders is their commitment to providing flexible terms. They understand that every business is unique and may have different financial needs. Therefore
funding can be available as soon as the next business day. What sets Fundation apart from other lenders is their commitment to providing flexible terms. They understand that every business is unique and may have different financial needs. Therefore
Fundation offers various repayment options to suit your specific circumstances. Whether you prefer a shorter repayment term or need a more extended period
Fundation offers various repayment options to suit your specific circumstances. Whether you prefer a shorter repayment term or need a more extended period
Fundation offers various repayment options to suit your specific circumstances. Whether you prefer a shorter repayment term or need a more extended period
Fundation can tailor a loan structure that aligns with your business’s goals and cash flow.In addition to flexible terms
Fundation can tailor a loan structure that aligns with your business’s goals and cash flow.In addition to flexible terms
Fundation can tailor a loan structure that aligns with your business’s goals and cash flow.In addition to flexible terms
Fundation also takes into account the creditworthiness of your business. While traditional lenders may solely rely on credit scores
Fundation also takes into account the creditworthiness of your business. While traditional lenders may solely rely on credit scores
Fundation also takes into account the creditworthiness of your business. While traditional lenders may solely rely on credit scores
Fundation looks at the overall financial health of your business
Fundation looks at the overall financial health of your business
Fundation looks at the overall financial health of your business
including revenue
including revenue
including revenue
cash flow
cash flow
cash flow
and profitability. This approach increases your chances of qualifying for a business loan
and profitability. This approach increases your chances of qualifying for a business loan
and profitability. This approach increases your chances of qualifying for a business loan
even if your credit history may not meet traditional lending standards.Fundation’s customer-centric approach extends beyond their loan offerings. Their team of experienced professionals is readily available to assist you throughout the entire process. Whether you have questions about the application
even if your credit history may not meet traditional lending standards.Fundation’s customer-centric approach extends beyond their loan offerings. Their team of experienced professionals is readily available to assist you throughout the entire process. Whether you have questions about the application
even if your credit history may not meet traditional lending standards.Fundation’s customer-centric approach extends beyond their loan offerings. Their team of experienced professionals is readily available to assist you throughout the entire process. Whether you have questions about the application
need guidance on the best loan options for your business
need guidance on the best loan options for your business
need guidance on the best loan options for your business
or require support with repayment
or require support with repayment
or require support with repayment
Fundation’s dedicated customer support is there to help.In conclusion
Fundation’s dedicated customer support is there to help.In conclusion
Fundation’s dedicated customer support is there to help.In conclusion
if your business is in need of fast funding and flexible terms
if your business is in need of fast funding and flexible terms
if your business is in need of fast funding and flexible terms
Fundation’s business loan may be the perfect solution. Their streamlined application
Fundation’s business loan may be the perfect solution. Their streamlined application
Fundation’s business loan may be the perfect solution. Their streamlined application
prompt funding
prompt funding
prompt funding
and accommodating repayment options make them an excellent choice for businesses looking to grow and succeed. Discover how Fundation can help your business thrive by exploring their business loan options today.
