Question 1

What are the minimum qualifications to get funded?

Accepted Answer

To qualify for funding through FundiLoans, your business needs to meet three criteria: (1) Average monthly revenue of at least $25,000 over the past 3 months, (2) Been in business for at least 1 year, and (3) A credit score of 500 or higher. These minimums make funding accessible even if traditional banks have said no.

Question 2

Can I get funded with bad credit?

Accepted Answer

Yes. We work with businesses across a wide range of credit profiles. The minimum credit score requirement is 500, and we focus on your business revenue and time in business rather than just your credit score. Even if traditional banks have declined you, we can help find funding options.

Question 3

Do you fund startups?

Accepted Answer

No, we do not provide funding for startups. Your business must have been in operation for at least 1 year to qualify. This requirement ensures that your business has a track record of revenue and stability.

Question 4

What credit score do I need?

Accepted Answer

The minimum credit score requirement is 500. However, we evaluate the full financial picture of your business, including revenue and time in business. A higher credit score may qualify you for better rates and terms.

Question 5

How much revenue does my business need to qualify?

Accepted Answer

Your business must have an average monthly revenue of at least $25,000 over the past 3 months. This is verified through your bank statements during the funding process.

Question 6

How fast can I get funded?

Accepted Answer

After completing the application, you can get pre-qualified in seconds. Once approved and documents are submitted, funding can be deposited into your business account as fast as the same day. The entire process from application to funding often takes less than 24 hours.

Question 7

Does applying affect my credit score?

Accepted Answer

Getting pre-qualified through our application does not impact your credit score. A soft check is performed initially. Only when you choose to proceed with a specific offer may a hard credit inquiry be required by the lender.

Question 8

What documents do I need to apply?

Accepted Answer

To get started, you only need to complete our simple online application. To finalize funding, you will typically need 3 months of bank statements and basic business information. No tax returns or extensive financial statements are required to get pre-qualified.

Question 9

How long does the application take?

Accepted Answer

Our application takes less than 60 seconds to complete. You only need basic business information to get started. The pre-qualification result is available in seconds.

Question 10

Is there any obligation to accept an offer?

Accepted Answer

No. Getting pre-qualified is completely free and carries no obligation. You can review your offer and decide whether to proceed. There is no pressure to accept any funding offer.

Question 11

What types of business loans are available?

Accepted Answer

Our network of lenders offers a wide range of financing options including business term loans, business lines of credit, merchant cash advances, working capital loans, equipment financing, and invoice factoring. We match you with the option that best fits your business needs.

Question 12

How much can I borrow?

Accepted Answer

Funding amounts vary based on your business revenue, time in business, and the type of financing. Business term loans can go up to $500,000. Your specific offer will be determined after pre-qualification.

Question 13

What are the repayment terms?

Accepted Answer

Repayment terms vary by loan type. Term loans typically have terms up to 24 months with fixed weekly or monthly payments. Merchant cash advances have repayments tied to your daily sales. Lines of credit offer flexible repayment. Your specific terms will be clearly stated in your offer.

Question 14

What are the interest rates?

Accepted Answer

Rates vary based on your business profile, the type of financing, and the lender. Because we match you with multiple lenders, you can compare offers to find the most competitive rate. All terms are transparent with no hidden fees.

Question 15

Can I pay off my loan early?

Accepted Answer

In most cases, yes. Many of our lending partners allow early repayment with no prepayment penalties. Specific terms regarding early repayment will be included in your funding offer.

Question 16

What is FundiLoans?

Accepted Answer

FundiLoans is a business loan finder that matches you and your business with the best available funding options. We are not a direct lender. Instead, we connect you with our network of lending partners to find the right financing solution for your business.

Question 17

Is FundiLoans a direct lender?

Accepted Answer

No, FundiLoans is a loan matching service. We partner with Advance Funds Network and other lenders to connect your business with the best available funding options. This allows us to find you the most competitive offer.

Question 18

Is my information secure?

Accepted Answer

Yes. We use bank-level encryption to protect your personal and business information. We never sell your data to third parties. Your information is only used to match you with appropriate funding options.

Question 19

What areas do you serve?

Accepted Answer

We serve businesses across the United States. Same-day funding is available nationwide. Our lending partners have experience working with businesses in 50+ industries.

Frequently Asked Questions

Qualification & Requirements

Application Process

Loan Types & Terms

About FundiLoans

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