Fundible Business Loans Review: Customizable, Fast Funding
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- Min. Amount
- $1,000
- Max. Amount
- $6,000,000
- APR
- Starting at 0.75% per month
Our verdict
Tailored funding options for small businesses regardless of credit or industry.
Fundible is a reliable lender that provides customized financing options for small businesses. It has a strong track record of positive customer reviews but offers vague information on what repayment terms to expect before the application process.
Best for: Businesses that need quick funding options for their unique goals regardless of credit profile or industry.
Pros
-
Qualify in minutes with no impact on your credit score
-
Bad credit OK
-
Tailored financing options
-
Receive funds within 24 hours
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Familiarity with many industries and small business types
Cons
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May use your contact information for advertising
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May perform hard credit check during application
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Vague loan terms before applying
What makes Fundible shine?
Fundible provides customizable financing for small businesses, including lines of credit, term loans, equipment financing, SBA loans and more. With Fundible, small businesses may be able to get funding within one day of approval, much shorter than you might see with large banks.
Fundible stands out from other lenders because it assesses your business’s specific needs to provide tailored financing, no matter your industry or credit profile.
Where Fundible falls short
Fundible provides limited information on how it determines tailored financing options for your business. Its website vaguely mentions a discovery process used to identify which terms are available for you, but you won’t know if its offer is applicable to your business until you complete the application.
Fundible loan details
Term Loan
| Minimum credit score/credit range | 500 |
| APR | Starting at 0.75% per month |
| Loan amounts | Up to $6,000,000 |
| Terms | 5 months to 10 years |
| Approval turnaround | Same-day approval |
| Availability | Available in all states |
| Fees | N/A |
| Other fees | No prepay fees |
Business Line of Credit
| Minimum credit score/credit range | 500 |
| APR | Rates start at 1% per month |
| Loan amounts | Up to $250,000 |
| Terms | Up to 24 months |
| Approval turnaround | Same-day approval |
| Availability | Available in all states |
| Fees | N/A |
| Other fees | No prepay penalties |
Equipment Financing
| Minimum credit score/credit range | 500 |
| APR | Starting at 3.5% |
| Loan amounts | Up to 100% of equipment value |
| Terms | 1 to 10 years |
| Approval turnaround | Same-day approval |
| Availability | Available in all states |
| Fees | N/A |
| Other fees | N/A |
How to qualify for Fundible
Fundible discloses only basic eligibility requirements for its consolidation loan:
- Minimum credit score of 500
- 6+ months in business
- At least $8,000 in monthly revenue
- 3 most recent bank statements
How to apply
Fundible promises a quick application process, flexible financing options and incredible customer support. Follow these steps to apply online in minutes.
- Start your application on Fundible’s website.
- Upload necessary documents.
- Review customized financing options designed for your business.
- Accept loan terms.
How Fundible compares to other lenders
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Fundible reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 4.99 out of 5 stars, based on 72 customer reviews |
| Trustpilot Score | 4.9 out of 5 stars, based on 370 customer reviews |
| Customer reviews verified as of | 13 July 2024 |
Negative reviews on Fundible are limited on Trustpilot and the Better Business Bureau (BBB). Some negative reviews on Trustpilot were flagged as being mistaken for the wrong company. There have been only two complaints made on the BBB in the past 12 months, and one was resolved.
Positive reviews include customers praising a quick application process, helpful customer service and successful experiences in securing the right business loan for their business.
Is Fundible legit?
Fundible is a legit source for business loans with 4.9 stars out of 5 on both Trustpilot and the BBB. It has a reputation for excellent customer service, which is a factor most borrowers value when looking for an online service. Overall, we found Fundible to be a reliable source for business loans.
Frequently asked questions
What types of businesses can benefit from Fundible’s services?
Fundible provides funding for businesses in construction, retail, healthcare, manufacturing and much more. You can find more details on its website.
How does Fundible compare to other lenders on the market?
Compared to other lenders on the market, Fundible has a consistent number of positive customer reviews on the BBB and Trustpilot. Plus, Fundible accepts applications from people with lower credit scores, which may result in higher interest rates.
Your reviews
Gabriel Finder
Writer
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