Line of Credit by Fundation

Line of Credit by Fundation

Fundation Group LLC is a technology-empowered direct lender that delivers lines of credit using its own capital. Fundation’s technology streamlines the application process by collecting third party data and automating the majority of the credit review process. They are committed to your success and take the time to understand what truly makes sense for your business, your financial goals, and your immediate and long-term capital needs.

Nav's Verdict

Cost
30% Complete
LowHigh
Effort to Apply
40% Complete
EasyDifficult
Funding Speed
20% Complete
MonthsMinutes
Repayment Terms
70% Complete
MonthsYears

8/10

Bottom Line

Fundation's line of credit offers very reasonable rates and monthly payment terms. If you are looking for $50,000 or less in funding, this is an excellent option.

Pros

Acts as a term loan and line of credit hybrid offering reasonable interest rates and convenient repayment terms.

Cons

Can only borrow up to $50,000 and often requires a $500 application fee (which can be waived).

Qualification requirements

Time in Business

At least 2 years in business

Annual Revenue

At least $100,000

Personal Credit Score

660+ personal credit score

Other Requirements

No bankruptcy in the last 36 months. No foreclosure in last 24 months.

Cost
10% - 15% APR (Variable)
Repayment Terms
Monthly payments for up to 18 months
Funding Amount
$10,000 - $50,000
Draw Fee
2%
Funding Speed
24 - 48 hours

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