Intermediate-Term Loan by Fundation

Intermediate-Term Loan by Fundation

Fundation Group LLC is a technology-empowered direct lender that delivers small balance commercial loans. The firm provides fixed rate loans up to $350,000 using its own capital. Fundation fills a void in the small balance commercial loan market by offering loans to businesses that banks are unwilling or unable to lend to, and those that desire a simplified process, with capital on terms that will enable them to grow. Fundation’s technology streamlines the loan application process by collecting third party data and automating the majority of the credit review process.

Cost
80% Complete
LowHigh
Effort to Apply
80% Complete
EasyDifficult
Funding Speed
80% Complete
MonthsMinutes
Repayment Terms
80% Complete
MonthsYears

8/10

Bottom Line

Great choice if you qualify. It's like a bank loan, but better.

Pros

Lower rates. Longer repayment terms. All digital application. Reasonably fast.

Cons

Higher minimum. Higher business requirements.

Qualification requirements

Time in Business

At least 2 years in business. At least 5 years for fundings over $200,000.

Annual Revenue

At least $100,000 in annual revenue. At least $750,000 for fundings over $200,000.

Personal Credit Score

At least 660. At least 720 for fundings over $200,000.

Cashflow

Proven credit/debit card sales

Cost
7.99% - 24.99% APR
Repayment Duration
1 - 4 years
Funding Amount
$50,000 - $350,000
Origination Fee
+1% - 3%
Funding Speed
Typically 2-5 days
Application
All digital

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