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First Down Funding Review

First Down Funding
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Michael Graw
May. 26, 2021
3 min read
Michael Graw
First Down Funding Summary
First Down Funding is a small business lender that offers loans and working capital ranging from $4,000 to $300,000. You can apply online in just a few minutes and get money in your bank account within 2 business days. The company works with new businesses with just a few months of history and owners with poor credit. First Down Funding charges a flat fee for your loan rather than an interest rate and doesn’t charge prepayment penalties.


  • Loans and working capital up to $300,000
  • Receive funds in less than 48 hours
  • No prepayment penalty


  • Fee-based loan cost
  • Daily or weekly repayments

First Down Funding at a glance

Editorial score

Online experience

Has learning resources, access to rates, mobile app

Customer services and support

Multiple ways of reaching lender, wide range of hours

Variety of loan types

Offers all loan types*

Loan amount range

Loan amount up to $500K


Loans available to most credit types, revenue levels, and businesses

First Down Funding First Down Funding View Rates


First Down Funding is a small business funder and industry leader in Maryland. They offer loans to small and medium-sized businesses ranging from $4,000 to $300,000. The company works with a wide range of businesses that don’t meet other lenders’ eligibility requirements, including businesses that have only been operating for 100 days and just have $4,000 in monthly sales.

The lender offers a simple online application and fast turnaround. Most borrowers can receive funds within 2 business days of applying without a credit check. First Down Funding requires daily or weekly repayment as a percentage of your business’s sales and doesn’t charge prepayment penalties.

Why First Down Funding Is Good For Your Business

First Down Funding offers loans up to $300,000 to small and medium-sized businesses. These loans can be used as working capital, to hire new employees, to buy capital equipment, or for anything else your business needs to grow. First Down Funding works with startups as long as your business has operated for at least 100 days, and it doesn’t require you to have a minimum credit score to qualify. You can get funds within 2 business days after applying.

Loan Features

First Down Funding offers business loans ranging in size from $4,000 to $300,000. The funds can be used for most business purposes, including as working capital, to expand your business, or to buy capital equipment. Funds are typically delivered to your bank account within 2 business days after applying.

  • Borrow $4,000 to $300,000
  • Receive funds in 2 business days
  • No minimum credit score required
  • Businesses operating for at least 100 days qualify
  • No prepayment penalty

Bank Only ACH Program

First Down Funding’s Bank Only ACH program is a merchant cash advance that can give your business access to money whenever you need it. The cash advance is paid back with a flat percentage of your business’s daily or weekly sales. This helps to ensure that your business has the cash flow it needs since payments are directly tied to your revenue. Business owners can qualify for an unsecured cash advance up to $500,000 through the Bank Only ACH program.

Application Process

First Down Funding offers a simple online application that takes less than 5 minutes to fill out. You must provide information about your business, your monthly sales, and any debts your business currently has.

Once you submit the application, a loan officer will contact you by phone within a few hours with an offer. If you accept the offer, you can upload all supporting documentation through First Down Funding’s online portal.

How Much Can You Borrow? 

First Down Funding offers loans ranging in size from $4,000 to $300,000. The exact amount you can borrow depends on your business’s monthly sales.

  • Must be in business for at least 100 days
  • No minimum credit score required
  • At least $4,166 in monthly sales

Repayment Terms

First Down Funding issues loans with terms from 1 to 10 years. The company charges a flat fee rather than an interest rate for your loan. The fee starts at 9% for business owners with a long history and good credit but can be up to 36% of your loan value. There is no prepayment penalty if you pay off your loan early.

Privacy and Security

First Down Funding uses TLS encryption to secure its online application and web portal for borrowers. The company also publishes a clear privacy policy that explains what your information is used for and how you can opt-out of information sharing.

Help & Support

You can get in touch with First Down Funding by phone or email from 8 AM to 8 PM (ET) Monday-Friday.

Toll Free: (833) FDFUNDING

Phone: (833) 333-8634


Physical Address

First Down Funding, 27 Maryland Ave, Annapolis, MD 21401

First Down Funding First Down Funding View Rates


First Down Funding is a suitable lender for small and medium-sized businesses that need a loan quickly. The company offers a brief online application and can deliver funds within 2 business days in most situations. First Down Funding works with businesses operating for over 100 days and doesn’t require a credit check. You can borrow up to $300,000, and there is no penalty for paying off your loan early.


This review was created with information from the First Down Funding website and online application and reviews from the Better Business Bureau.

Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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