Fundation Logo

Loan Amounts


$20,000 - $500,000

Loan Term


1 - 4 years

APR Range


7.99% to 29.99%

Min. Credit Score



Editorial Rating

Fundation Logo

Editorial Rating

Fundation Review

Advertiser disclosure This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners.

Loan Amounts


$20,000 - $500,000

Loan Term


1 - 4 years

APR Range


7.99% to 29.99%

Min. Credit Score





Origination fee 5%; 2% draw fee

Funding Time


1 - 3 days

Years in Business



BBB Rating



Min. Revenue


$100,000 per year



The US (Nevada excluded)

Fundation Logo

Editorial Rating

Trying to get funding can be hard, stressful, and off-putting for small business owners. That’s why Fundation reviews like ours are helpful, especially in these stressful times, to help answer all the lingering questions you might have about the top loan connection companies and whether they can help your business. Being able to borrow money online instantly is a welcome relief to borrowers in the United States that are constantly caught up in the administrative red tape of bank loans.

What is Fundation?

Fundation is an online lender that issues business term loans to small and medium-sized businesses. Fundation lending is completely digital and the platform provides financial solutions and ready access to working capital.

Fundation was founded in 2011 with the purpose of reinventing business loan applications through technology and advanced analytics to better serve small businesses. The Fundation software, along with their seamless underwriting process, allows them to pay out approved loans in a fraction of the time that banks need.

Fundation’s online platform connects the investment community to the small-to-medium-sized business sector through an internally managed investment fund and other lending programs that they manage on behalf of institutional lenders. Fundation, therefore, creates a unique value proposition for businesses seeking quick loans and a simple interest rate.

Who is Fundation best for?

A Fundation loan would be best for already established businesses with a good-to-great credit score looking to borrow money for either short-term needs or as emergency funding. Businesses with a strong credit rating that still can’t qualify for a traditional bank loan can benefit from an ARP of as low as 7.99%.

A Fundation loan starts at $20,000 and goes to as high as $500,000 which means the platform’s loans are perfect for businesses looking either for short-term working capital or long-term investments to fund equipment financing or expansion.

That said, there are few businesses that Fundation has outlined as ineligible for funding, they include:

  • Service industry businesses
  • Retail industry businesses
  • Adult entertainment businesses
  • Construction businesses
  • Cannabis dealers
  • Real estate agents
  • Car dealerships
  • Pawnshops
  • Nail salons

Getting started with Fundation

Now that we’ve figured out what Fundation is and whether their loans are best for you or not, it’s time to start your application.

Fundation has an online platform with a simple, multi-step application process made to drive simplicity, efficiency, and transparency. First, you will need to fill out a free application and provide your basic personal information (contact info, residential address, email, phone number, etc.) along with your personal credit profile, then fill out a business profile (length and type of operation, number of employees, annual revenue, etc.) along with a business credit profile and finally a business profitability profile.

There are two kinds of  Fundation business loans:

  • Small Business Term Loans
  • Business lines of credit

Each loan has its own terms and requirements. Once you submit your online application, Fundation will automatically do a soft credit score pull.

The platform will collect data from multiple sources, including credit bureaus, and provide you with feedback analyzing your personal and business credit info in less than a minute. This lets you view loan offers from Fundation lenders and helps you understand the ones you’re likely to qualify for.

After this step, you will immediately be presented with multiple loan offers all with differing lengths and rates that, again, we will discuss in a minute. You’ll also be asked to submit your closing documents.

Those documents include, but are not limited to:

  • Two years of business tax returns (for a loan of over $75,000)
  • Three months of bank statements (for a loan below $75,000)
  • Schedule of outstanding debt
  • A Tax ID No.
  • Proof of business insurance coverage

The next step is that a Customer Relationship Manager will get in touch with you to verify the information you’ve provided and review the details of your application. They will be your main contact for the remainder of the application and they will prove indelible to the process. The CRM will determine whether you need to schedule a call with an underwriter — according to Fundation, 60% of its applicants are subject to call, especially if the loan is for a large sum.

During the underwriting process Fundation will do a hard credit pull to assess borrower risk and determine loan eligibility on in which time you will be given access to an online portal to review your application at any point you want.

If the underwriter is happy with your application then you will be sent a formal offer letter, once the loan agreement is accepted and signed, the funds will be deposited directly into your business account. The loan approval process — from start to finish — takes about two days.

Terms & Requirements

As we’ve mentioned before, every Fundation loan comes with its own unique terms and requirements depending on the borrower’s profile but Fundation has basic loan requirements and qualifications to apply:

  • A minimum credit score of 630.
  • A business checking account with a minimum daily average balance of $2,000
  • The Business must be based in the U.S (except businesses in the state of Nevada)
  • The business needs to have been operational for at least two years
  • The business must have an address
  • The businesses must employ at least three people full time
  • No bankruptcies within in the last two years
  • No late payments on any loans within the last year.

Small Business Term Loan

Term loans are the classic financing option for small businesses that need working capital or simply an injection of cash flow into the business.

The terms for a small business loan from Fundation are a minimum loan amount of $20,000 and a maximum loan amount of $500,000 with a bi-weekly repayment term of between one to four years.

You will also need to file a UCC-1 financing statement document along with a personal guarantee as collateral, in the event that you might default on your repayments.

Line of Credit

Business lines of credit are the complete opposite of a term loan, it’s more of a financial cushion that can be withdrawn at any time and used for unforeseen expenses in the long run.

You can borrow a minimum of $20,000 to a maximum of $100,000 and the great thing about this kind of loan is that you only pay interest on the amount you withdraw and each withdrawal has a repayment window of up to 18 months.

User Reviews

Fundation is part of Lendio’s network of lenders so there are 19 four to five-star reviews from verified consumers on the Lendio website, all excellent, mostly giving Fundation an A+ score for speed, process, communication, and transparency. The collated reviews give Fundation an overall rating of 4.5 stars.

We scoured the internet to try and find other Fundation reviews, there are only two reviews on Trustpilot, both excellent, praising how quick the application was.

This might be a cause for concern for those that depend on referrals to make their decisions. On the upside, Fundation also has an A+ rating with the Better Business Bureau with only three complaints, which bodes well for their standing.


Fundation has a plethora of helpful features that it can provide to its users.
Fundation Review

(Image source: Fundation)

Rates & Fees

Every loan funded through Fundation has a different origination fee and a fixed rate of interest depending on the borrower’s credit strength and business profile. The origination fee can go up to as high as 5% with an estimated Annual Percentage Rate of the loan between 7.99% and 29.99%. There’s a broad loan range, terms loan can be spread over one to four years, there are also late payment fees of $35 or 5% of the amount due, whichever is higher.

For applicants looking for lines of credit, they can expect a $500 closing fee and in addition to the standard interest, each withdrawal will have an additional fee of 2%. Each withdrawal has a repayment term of up to 18 months, with installments paid monthly.

Privacy & Security

Fundation may share your information with third-party organizations for business purposes, although when they do so they enter into a contract with the third party that the information is to be kept confidential and used only for the agreed-upon business.

Fundation takes every reasonable measure to ensure the safety and security of the personal information shared on its platforms so it is effectively safeguarded.

To protect that information from being accessed unlawfully and used unauthorized, Fundation uses secure socket layer (SSL) software to encrypt and keep it from being read over the internet.

Customer Support

Fundation prides itself on having excellent customer service, all their customer service representatives (or Customer Relationship Managers) are always on call to answer questions and help applicants along every step of the application process.

You reach out to Fundation on your social media platform of choice, either FacebookTwitter, or LinkedIn. If you prefer a more direct approach, then you can get in contact with them directly at their head office in Reston, Virginia via phone on 888-390-0064, or email on [email protected].

Fundation also has a simple contact form users can submit for general questions and inquiries.


Alternatives always exist so let’s mention the two closest ones to Fundation.

Fundation vs FundBox

The main differences we found between Fundation and FundBox is that over and above business lines of credit loans, FundBox also provides Trade Credit (called FundBox Pay) and paycheck protection program loans.

FundBox’s rates start at 4.66% for a 12-week repayment plan while Fundation loans can be spread over one to four years with an origination fee of up to 5% and an APR of up to 29.99%.

Fundation vs LoanBuilder

While also reviewing LoanBuilder, one of the biggest differences we noticed is that LoanBuilder offers shorter-term loans, 13 to 52 weeks, and a higher loan amount (up to $500,000) than Fundation.

If you get a loan from LoanBuilder, you will only pay a single fixed fee. There is no origination fee or any other hidden fee in addition to a $20 returned payment fee.

Final Verdict

The conclusion of this lending platform review is that if your business has a fair-to-good credit rating and is already established but in desperate need of a steady stream of income then Fundation might be the perfect fit for you. Fundation has won several awards for their loan offerings, and for a good reason. Despite some of its clear drawbacks — potentially high interest rates and a stringent application process — our Fundation business loan review shows that the platform is still impressively clear and transparent with their fees and requirements.

Bottom Line

Fundation reviews like ours are intended to help small business owners make the right decisions and choose the best way to borrow money. We recommend Fundation as a direct lender on account of their competitive rates and fees, easy-to-understand terms, and great award-winning customer service. They also have great loan renewal policies, you will be eligible for loan renewal once nine months have elapsed since your last loan application.

Fundation offers flexible loan amount terms and faster service than most of their competitors but their speed is also contingent on your willingness to be forthcoming and proactive. If you get all your documents in order, then the process will be quicker.


  • Quick application process
  • No prepayment penalties
  • Fees are fair and transparent
  • Highly efficient customer service
  • Funding process averages three days


  • Not suited for start-ups
  • The business cannot be home-based
  • Strict business loan requirements
  • Payments twice a month
Fundation Logo

Editorial Rating


Is Fundation a good lender?

Fundation is a good funding option for small businesses with a lower APR, plus their rates are competitive, their fees are transparent and they offer excellent customer service.

Is it hard to get a loan from Fundation?

As with most alternative lenders, Fundation has a simple and easy online application process. The chances of actually getting a loan depend on a number of factors including your personal credit record and a number of other business-related stipulations that must be met.

How does Fundation work?

Fundation uses proprietary software that captures your information and gives you real-time, interactive feedback on loans, cutting down the application process considerably.

Is Fundation legit?

Fundation is a global online small business lending company that is partnered with world-class financial institutions to empower the small and medium business sector. Plus, they have also won several awards for their financing innovation. That makes them pretty legit.

Can I get a loan from Fundation if I have a bad credit score?

You need to have a personal credit score of 660 or higher to qualify for a loan through the platform. If you do manage to get a loan, Fundation reviews indicate that you could receive an ARP of as high as 29.99% if the vendor concludes you run the risk of defaulting on your loan.