Fundera: Line of Credit
My Story: Due to tax issue, I needed cash to cover a shortfall. Fundera got me the best deal an a much needed line of credit. A lot has been written of Fundera online, which helped me make up my mind.
Let me explain why I chose them:
- 4.8/5 stars on Trustpilot from real, genuine customers,
- Easy application, answer a few questions online
- Fast funding (approved within minutes)
- Low APR rate (most important!)
A Great Rate
$5,000,000
Max Loan Amount
%
8
Lowest APR Rate
-
1 Day Time To Finding
-
Min Credit Score: 600
-
12 Months Time In Business
-
Completely Free to Compare Loan Options
Compare Rates
Answer a few questions to see your personalized options
How To Get Started With A Line Of Credit
Funds available on demand
Only pay for what you use
Access to a revolving line
Financing that grows with you
Funds available on demand
Enjoy peace of mind by having money available for any business expense. Draw funds with a click of a button.
Only pay for what you use
No fees to open or maintain your line. No prepayment fees, monthly maintenance fees, or account closure fees.
Access to a revolving line
Draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments.`
Financing that grows with you
We support your business growth by getting you the right credit line for your business size at any stage.
Application Was Easy
Minimum qualifications
What you need to apply
Line Of Credit Vs Term Loans
A Business Line of Credit typically comes with lower interest rates and closing costs than traditional term loans of similar sizes
Late payments typically incur a higher interest rates on a line of credit
Traditional term loans have regular interest rates over the loan, which is a major difference with a business line of credit.
A business line of credit tend to work better for repeated cash flow issues, while term loans often make more sense when it comes to specific purchases or one-off business investments. However, this doesn’t necessarily mean you can’t or shouldn’t use a business line of credit for business purchases, too.
Other Reasons To Pick Fundera
Get 100% of the funds upfront to invest in projects that help grow your business.
Their pricing is simple. Pay a fixed, weekly rate over 6 or 12 months, with no origination fee.
Apply online in minutes and have funds deposited in your bank account in as fast as a few hours.3
Their advisors are available to walk you through the process and help you obtain the funds you need.
Others Also Love Fundera
We got what we needed, quickly & simply, to get the job done
It's amazing what a painless experience it was
"But we wouldn't be able to do it without Fundera"
Lynne Becera
Fundera provided me with expert choice & advice to make the right decisions when it mattered most. Don't get ripped off, compare the market on Fundera before making a choice. I did. And I didn't regret it.