Borrowers

We Offer Conventional Products Through an Unconventionally Simple Process

Products with customer-friendly features like no prepayment penalties, low upfront fees, and competitive pricing


Award icon

Award-winning* customer service featuring a revolutionary online application and dedicated customer relationship management


Money icon

Because we use our own capital, our interests are aligned with those of our borrowers


* Business News Daily, January 2017, May 2016, October 2015, Best Alternative Lender for Working Capital Loans

Gear/Turn icon

Revolutionary Experience

We Provide a Revolutionary Borrowing Experience

Business Profile image
Globe/Check icon

For customers who apply online, they experience real-time, interactive feedback during their loan application process, so that customers can understand exactly how we evaluate their applications

Checklist icon

Minimal documentation required, electronic closing, and funding available as soon as 1 business day after completing our online application

Computer/Globe icon

Easy and convenient online account access to perform a variety of account management activities

Money/Security icon

Loan Products

THE MOST CUSTOMER-FRIENDLY PRODUCTS ON THE MARKET

Term Loan Line of Credit
Use of Proceeds: Expansion, equipment and capital improvements Working capital and short-term cash flow management
Amount $20,000 to $500,000 $20,000 to $100,000
Repayment Term
  • 1 to 4 years
  • New balance after each draw is amortized in equal installments over 18 months
Payment Frequency
  • Twice per month
  • Once per month
Fees
  • Up to 5.00% origination fee deducted from your net proceeds
  • $500 Closing Fee
  • 2.00% Draw Fee deducted from each draw
Cost
  • Our rates are risk-based, meaning that we determine an interest rate according to the estimated credit risk of each borrower
  • Inclusive of origination and draw fees, Annual Percentage Rates (APR) range from 7.99% to 29.99%
Prepayment Fees
  • No prepayment penalties — simply pay the outstanding balance plus accrued interest if you prepay your loan or line of credit
Collateral
  • No specific collateral required
  • Personal guarantee
  • UCC-1 on business assets (a “blanket lien”) for most borrowers
Minimum Eligibility
  • At least 1 year in business and at least 3 employees
  • At least $100,000 of annual revenue
  • Good personal credit
Calculator icon

Payment Calculator

We’ve created a payment calculator that customers can use to help them understand the difference between a fixed payment contract and a conventional business loan like Fundation’s loan product.

Try the calculator nowApply Now
Checklist icon

Our Evaluation Criteria

Demystifying How Interest Rates Are Determined

We take many factors into account when pricing a business loan or line of credit. There is no simple formula to explain how an interest rate is determined, but you can think of it in the following 4 categories:

Money/Scale icon

BUSINESS STABILITY

Years in Business

Cyclicality

Seasonality

Customer Concentration

Chart icon

FINANCIAL METRICS

Revenue

Profitability

Growth

Profit Margins

Globe/Check icon

CREDIT HISTORY

Personal and Business Obligations

Positive Public Records

Negative Public Records

Money icon

CASH FLOW AND DEBT

Debt to Income

Income to Debt Payments

Amount of Debt

Type of Debt