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Loan Products

Award Winning Experience.*Highly Competitive Pricing.No Prepayment Penalties.

Fundation offers easy to understand, award winning, credit products with customer-friendly features like no prepayment penalties and highly competitive pricing. Our products are supported by our outstanding, award-winning* customer service.

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

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PRODUCT DETAILS

Term Loan Line of Credit
Use of Proceeds: Expansion, equipment and capital improvements Working capital and short-term cash flow issues
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”)
Minimum Eligibility
  • At least 1 year in business
  • At least 3 employees
  • At least $100,000 of annual revenue
  • Good personal credit
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Fundation Advantage

We recognize that business customers looking for funding may have multiple options that can have a confusing array of terminology. We want our borrowers to understand these differences and be able to make informed choices concerning their financing needs.

More Than Words. Our Actions.

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Commitment to transparency in product terms and pricing

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No Gimmicks. Our products are just like bank loans.

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Low fees. A moderate upfront origination fee and that is it.

Here’s How We Compare

To demonstrate how we are different, we’ve put together the chart below to compare Fundation’s Conventional Term Loan offer and companies that offer Fixed Repayment Term Loans:

COMPARISON: CONVENTIONAL TERM VS. FIXED REPAYMENT LOANS

Conventional term loans vs. fixed repayment loans chart
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Payment Calculator

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

Try out the calculator nowApply Now

Our Evaluation Criteria

Demystifying How Interest Rates Are Determined

We take many factors into account when pricing a small 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:

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BUSINESS STABILITY

Years in Business
Cyclicality
Seasonality
Customer Concentration

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FINANCIAL METRICS

Revenue
Profitability
Growth
Profit Margins

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CREDIT HISTORY

Personal and Business Obligations
Positive Public Records
Negative Public Records

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CASH FLOW & DEBT

Debt to Income
Income to Debt Payments
Amount of Debt
Type of Debt