THE MOST CUSTOMER FRIENDLY
BUSINESS LOAN PRODUCT ON THE MARKET

Our Product
Details
Compare to banks
Compare to
online lenders
Our conventional
term loans
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Amount
  • $20,000 to $500,000
REPAYMENT TERM
  • 1 to 4 years
  • Shorter terms for working capital, inventory turns and immediate cash flow needs
  • Longer terms for business growth and expansion purposes
COST
  • Our rates are risk-based, meaning that we determine an interest rate according to the estimated
    credit risk of each unique borrower
  • Inclusive of origination and closing fees, Annual Percentage Rates (APR) range from 7.99 to 29.99%
PREPAYMENT FEES
  • No prepayment penalties
  • Simply pay your outstanding balance plus accrued interest
PAYMENTS
  • Fixed payments of principal and interest twice a month
  • Late payment fees apply if payment is not made within 7 days of payment date*
Collateral
  • No specific collateral required
  • Personal guarantee
  • UCC-1 on business assets (a “blanket lien”)**
Minimum Eligibility
  • At least 2 years in business
  • At least 3 employees
  • At least $100,000 of annual revenue
  • Good personal credit

*Late fee is greater of 5% of unpaid portion of scheduled payment of $35.00**We can be subordinated to existing bank and SBA loans.

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BANKS
Time to Qualified Decision
  • Less than 10 minutes
  • Varies
Requirements to
Qualified Decision
  • Online application
  • Full application, including documents
Time to Final Decision
  • Less than 48 hours*
  • Varies
Requirements to Final Decision
  • Small set of documents
  • Brief call with a lending specialist
  • Large set of documents
Product Structure
  • Conventional term loan**
  • Conventional term loan
  • Lines of credit
Payment Terms
  • Payments twice a month
  • Payments once a month
Effect of Prepayment
  • No prepayment fees
  • No acceleration of future interest
  • Some have prepayment fees
  • No acceleration of future interest
Collateral Required
  • Personal guarantee
  • UCC-1 (no specific collateral)
  • No specific collateral required
  • Personal guarantee
  • Typically require real estate or
  • Other specific collateral

* Dependent on receiving all supporting information in a timely manner** Our loans are installment loans – they work just like a fixed rate mortgage. With each consecutive payment, your outstanding balance is declining and more of your payment is applied to principal and less to interest. If you pay more ahead of schedule your payment amount stays the same but more of your future payments are applied to principal, therefore reducing the number of future payments required.

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other online lenders
Time to Qualified Decision
  • Less than 10 Minutes
  • Less than 10 Minutes
Requirements to
Qualified Decision
  • Online Application
  • Online Application
Time to Final Decision
  • Less than 48 hours*
  • Less than 48 Hours
Requirements to Final Decision
  • Small set of documents
  • Brief call with a lending specialist
  • Small set of documents
  • Brief call with a lending specialist
Product Structure
  • Conventional term loan**
  • Fixed repayment contracts***
Payment Terms
  • Payments twice a month
  • 1-4 year terms
  • Daily payments
  • Up to 15 month terms
Effect of Prepayment
  • No prepayment fees
  • No acceleration of future interest
  • Acceleration of all future
  • payments no matter when repaid
Collateral Required
  • Personal guarantee
  • UCC-1 (no specific collateral)
  • Personal guarantee
  • UCC-1 (no specific collateral)
Cost
  • APRs range from 7.99% – 29.99%
  • Average APRs exceed 40%
  • and can be as high as 100%

* Dependent on receiving all supporting information in a timely manner.**Our loans are installment loans – they work just like a fixed rate mortgage. With each consecutive payment, your outstanding balance is declining and more of your payment is applied to principal and less to interest. If you pay more ahead of schedule your payment amount stays the same but more of your future payments are applied to principal, therefore reducing the number of future payments required.*** These products are often quoted as “Cents on the Dollar” where your interest is quoted based on the original balance of your loan. This structure obfuscates the actual APR you are paying. Traditional loans calculate interest on the outstanding balance of a loan, which declines over the life a loan.

What Is A Conventional Term Loan?

Many of our competitors offer a “cents on the dollar” payment contract disguised as a loan. The implications of this are dramatic to your bottom line because the actual APR’s are substantially higher.
Try our business loan calculator to learn more. Click the button below to use our comparison tool.

Small Business Loans Rate Calculator Tool

Let's start with what you have been offered from your 'Cents on the Dollar' financing provider.

How much money are you looking for?

How many cents on the dollar did your financing provider offer?

Over how many months?

You think you are getting 25% APR (Annual Percentage Rate) but...

Because your Fixed Payment Contract calculates interest on the original principal balance, you are making materially higher interest payments and than you might think....


Because your loan balance declines over the life of the contract, your actual APR is dramatically higher...

*Fundation fixed rate, conventional term loans start at just 7.99% APR. The APR used here is just for illustrative purposes.

If you paid each financing product off after 30 days...

You would have been required to pay total interest of...


And your effective APR would be...

*Fundation fixed rate, conventional term loans start at just 7.99% APR. The APR used here is just for illustrative purposes.

The punchline is...

A fixed rate, conventional term loan calculates interest based on the outstanding balance of the loan over the repayment period. A Fixed Payment Contract calculates "interest" based on the original loan balance and then locks you into that full payment no matter when it is repaid, even if you paid it back the next day.

Understanding how interest
rates are determined

We take a number of factors into account when structuring your client’s business loan and determining the interest rate that the client will pay.
There is no simple formula to explain how an interest rate is determined, but you can think of it in 4 simple categories:
Small business loan payment calculator
Business
Stability
Years in Business
Cyclicality
Seasonality
Customer Concentration
Determining your business loan term.
Financial
Metrics
Revenue
Profitability
Growth
Profit Margins
How much is a small business loan?
Credit
History
Personal Obligations
Business Obligations
Positive Public Record
Adverse Public Records
How much can I borrow for my business?
CASH FLOW
& DEBT
Debt to Income
Income to Debt Payments
Amount of Debt
Type of Debt

Our customers love us

Overall Customer Satisfaction   |    4.9 out of 5   |   
  • Dan Read Testimonial

    Dan
    Auto
    LOAN SIZE: $25,000

  • Mike Read Testimonial

    Mike
    IT Consulting
    LOAN SIZE: $100,000

  • Sarah Read Testimonial

    Sarah
    Auto Supply
    LOAN SIZE: $77,000

  • Ignacio Read Testimonial

    Ignacio
    Educational Services
    LOAN SIZE: $100,000

  • Derrick Read Testimonial

    Derrick
    CPA
    LOAN SIZE: $20,600

  • Randall Read Testimonial

    Randall
    Recreation
    LOAN SIZE: $50,000

  • Justin Read Testimonial

    Justin
    Construction
    LOAN SIZE: $155,000

  • Don Read Testimonial

    Don
    Arts & Entertainment
    LOAN SIZE: $103,000

  • Andy Read Testimonial

    Andy
    Computer & Office Machine Repair
    LOAN SIZE: $25,000

  • Victor Read Testimonial

    Victor
    Auto Body Repair
    LOAN SIZE: $100,000

  • Tina Read Testimonial

    Tina
    Manufacturing
    LOAN SIZE: 205,000

  • Michael Read Testimonial

    Michael
    Accounting
    LOAN SIZE: $80,000

  • Greg Read Testimonial

    Greg
    IT Systems & Services
    LOAN SIZE: $100,000

  • Barry Read Testimonial

    Barry
    Physician Practice
    LOAN SIZE: $230,000

  • James Read Testimonial

    James
    Liquor Store
    LOAN SIZE: $200,000

    roung

    Dan
    Auto

    LOAN SIZE: $25,000

    You’d think that Fundation is too good to be true, but they’re the real deal. I would have never imagined it possible for a 2-year-old company like ours to get a loan so quickly and easily, at such a low interest rate. Fundation was also the only one completely transparent about the fees and interest; their loan structures are simple and straightforward. These are truly honest and great people. We feel really lucky to have found Fundation; they’re playing an integral role in the development of our company, without any added stress or pain.

    roung

    Mike
    IT Consulting

    LOAN SIZE: $100,000

    Fundation is nothing short of AMAZING. They are all that they say they are and more. Our experience was first rate, their speed–from our first interaction to funding–was fantastic. All of my interactions with the team at Fundation were professional. They asked the right questions, did what they said they were going to do and met all deadlines. I would strongly recommend Fundation for your small business financing needs!

    roung

    Sarah
    Auto Supply

    LOAN SIZE: $77,000

    Fundation is a great resource for small businesses. The funding process was much faster than expected–start to finish several days. My account manager explained the process and was right there with me all the way. Couldn’t ask for better customer service. Fundation is everything they claim to be and more. Thank You!

    roung

    Ignacio
    Educational Services

    LOAN SIZE: $100,000

    As a business owner, one of the responsibilities that I dread is applying for loans. That all changed after experiencing Fundation’s unconventionally simple process. I completed the online application on Monday, spoke with a Client Relationship Manager on Tuesday, signed the loan terms on Thursday and had the loan funds in our account on Friday. The Fundation application process is truly simple. And when using Fundation in the future, I will no longer dread applying for loans.

    roung

    Derrick
    CPA

    LOAN SIZE: $20,600

    It was a fantastic experience and I have already recommended [Fundation] to another client of mine if they have cash needs. The professionalism exhibited by the representatives of the company gave me a sense of comfort while entering into the transaction. After a simple underwriting process, the funds were in my account within hours. I am relieved to find a financing partner that can move when I need them to and build a long-lasting relationship with for future financing needs.

    roung

    Randall
    Recreation

    LOAN SIZE: $50,000

    Fundation makes the smoothest and easiest way to get real money for your business. The process is easy to follow and exceptionally quick.

    roung

    Justin
    Construction

    LOAN SIZE: $155,000

    Our experience was very smooth and swift. We were unable to get funding anywhere else so your company was a savior. We couldn’t have gotten where we are without your help. Thank you!

    roung

    Don
    Arts & Entertainment

    LOAN SIZE: $103,000

    Fundation was speedy and spoke to me like I’m a human being. Highly recommended.

    roung

    Andy
    Computer & Office Machine Repair

    LOAN SIZE: $25,000

    Never in my life has funding been made so accessible while remaining respectable and fair…. Small business needs this more than you know.

    roung

    Victor
    Auto Body Repair
    Purpose of Loan: Debt Refinancing
    LOAN SIZE: $100,000

    We recently found ourselves in a position where we were in need of a significant amount of cash. All that was being offered were multiple small amounts of money which would only have caused further financial difficulties. Due to Fundation analyzing our needs and ultimately funding us in an amount that enabled us to consolidate all of our outstanding debt at both a great term and lower rate, we are now back on track and ready to continue to move in a positive direction.

    roung

    Tina
    Manufacturing

    LOAN SIZE: 205,000

    Excellent staff! Extremely helpful, caring and understanding. Many, many thanks.

    roung

    Michael
    Accounting
    Purpose of Loan: Business Expansion
    LOAN SIZE: $80,000

    This is by far the best financing experience I have ever had, business or personal.

    roung

    Greg
    IT Systems & Services
    Purpose of Loan: Renovations/Capital Improvements
    LOAN SIZE: $100,000

    This has been by far the best, easiest, most pleasant experience of working with any lender.

    roung

    Barry
    Physician Practice

    LOAN SIZE: $230,000

    Taking care of my patients and managing the day-to-day of my medical practice is more than a full time job. I imagine most business owners are like me and they don’t have time to deal with the red tape and long process of a bank loan application. I was extremely impressed with the efficiency and the speed at which Fundation met our needs. Their process was so simple.

    roung

    James
    Liquor Store
    Purpose of Loan: Business Expansion
    LOAN SIZE: $200,000

    Fundation didn’t play games, honored their written word and most importantly, operated with the highest degree of integrity. In today’s financial business climate that is a rare trait. I would, and have, recommended Fundation to any business owner who values integrity, speed, efficiency and trust.