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Fundit Review

Find a customized quote easily

Reviews 25

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Patrick Sather
Patrick Sather
Jun. 28, 20224 min read

Fundit summary

Founded in 2016, Fundit is an online investment platform designed to help you get financing for your business. It offers solutions including short-term, SBA, and business term loans, merchant cash advance, line of credit, working capital, commercial mortgage, and equipment and account receivable financing. You can request rates for free and get pre-approved without a hard credit check. Fundit doesn’t require a minimum credit score.

Pros

  • No hard credit check
  • Free to use
  • No minimum credit score

Cons

  • Requires creating a profile to get rates
  • Limited customer service
Funditat a glance
4.2

Editorial score

Online experience

Online application but no learning resources

3.0

Customer services and support

Multiple ways of reaching lender but limited hours

3.0

Variety of loan types

Offers all loan types

5.0

Loan amount range

Loan amount $500K+

5.0

Eligibility

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

5.0

Fundit Fundit Visit Fundit

Overview

With Fundit, you can get rates for a business loan within minutes. Fundit provides short-term, SBA, and business term loans, line of credit, merchant cash advance, working capital, commercial mortgage, and equipment and account receivable financing. It offers same-day financing for most of its solutions without charging you a fee or requiring a hard credit check. Loans are available starting at $10,000 and up to $5,000,000. While Fundit does not require a minimum credit score, APR and repayment terms will vary depending on your credit score, revenue, and loan type and amount.

Why Fundit Is Good For Your Business

Fundit is a good choice for your business if you need help finding financing for your business. It provides loans starting at $10,000 and up to $5,000,000, which gives you plenty of flexibility in finding a loan to meet your needs. Fundit allows you to customize your quote with multiple input options, and provides same-day financing for most of its business solutions. You can also get your qualifying rates for free without submitting to a hard credit check. 

Loan Features

Fundit offers multiple solutions including short-term, SBA, and business term loans, line of credit, merchant cash advance, working capital, commercial mortgage, and equipment and account receivable financing. Although it does not require a minimum credit score, your APR and repayment terms will vary based upon your credit score, revenue, and loan type and amount. Loans start at $10,000 and go up to $5,000,000, with the exception of commercial mortgages, which are capped at $20,000,000.

  • Loan amount: $10,000-$5,000,000 ($20,000,000 for commercial mortgage)
  • APR: Varies 
  • Repayment terms: Varies (1 month to 30 years)
  • Minimum credit score: None

Application Process

To get a personalized rate for a business loan, Fundit requires that you create a profile on its website. The process begins with you providing details about your credit score, when your business started, how much funding you need, and what you need financing for. You will then need to provide your personal information including name, email, and phone number. From start to finish, the whole process takes just a few minutes. Upon completing your application, Fundit will provide you with your qualifying offers. 

Fundit offers same-day financing for most of its business solutions, including short- and business-term loans, line of credit, and equipment and account receivable financing. However, it can take up to 2 months for you to receive funding for an SBA loan. To avoid delays, it’s important that you provide accurate information and supply any documentation required to process your application. 

How Much Can You Borrow?

The amount you can borrow depends on the loan type, your revenue, and your credit score. Fundit limits financing to $10,000-$5,000,000 for most loan types. However, if you apply for a commercial mortgage, you can get a quote for up to $20,000,000.

Repayment Terms

Repayment terms vary based on the loan type, your credit score, and the loan amount. Fundit provides details of loan length and APR on the landing page for each loan type. Some repayment terms include:

  • Short-term loan: 3-36 months (starting at 4.66% APR)
  • SBA loan: 10-30 years (variable APR)
  • Business term loan or line of credit: 3-24 months (starting at 8% APR)
  • Business line of credit: 1-36 months (starting at 6% APR)

How Safe Is It?

According to its privacy policy, Fundit takes steps to safeguard your information. However, it does not divulge what type of security measure it takes to protect financial and personal data. Furthermore, it is not currently accredited with the Better Business Bureau. It does have some positive reviews on Trustpilot, which highlight its favorable rates and service. However, the reviews are few and far between.  

Help & Support

Customer service is available over the phone 7am-5pm ET, Monday-Friday. Alternatively, you can submit a request for a callback during normal business hours through Fundit’s website. If you prefer to reach out via email, you can direct questions to info@fundit.io. 

Summary

Fundit is an online business investment website that can help you find the financing you need for your company. It offers a wide variety of funding solutions including short-term, SBA, and business term loans, merchant cash advance, line of credit, working capital, equipment and account receivable financing, and commercial mortgages. APR and repayment terms vary depending on your credit score and revenue, and the loan type and amount. Fundit provides personalized rates for free without the need for a hard credit check and may be able to secure you same-day financing.

Physical Address

6303 Blue Lagoon Drive Suite 400, Miami, FL 33126

Fundit Fundit Visit Fundit

Patrick Sather
Written byPatrick Sather

Patrick Sather is an award-winning personal finance writer and licensed broker who has worked for some of the largest financial firms in the United States, including TD Ameritrade and Pacific Life. A graduate of the University of Nebraska in both Economics and International Trade and English, his articles on life's most common financial decisions and quandaries are straightforward, practical, and always easy to understand.

Fundit
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Trustpilot reviews

See what some costumers are saying about Fundit
Fundit
GreatReviews 25
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Excellent
76%
Great
12%
Average
0%
Poor
0%
Bad
12%
  • author
    Huey Jr's Reg Svcs
    Aug 17, 2022
    Call Alex 786-686-7995

    Alex was great! He was upfront and honest about my funding options and answered all my question in detail. He made this process so fast and easy. I'm honestly excited about building my business credit and working with Alex along the way. Give him a call 786-686-7995

    ...

  • author
    Delwyn Hughes
    Sep 24, 2022
    Alex Rodregeuiz is an absolute liar

    Alex Rodregeuiz is an absolute liar! I asked him if the draw fee was a fee that I would have to pay every time I pulled money out. He stated it was only the first time. I paid the loan back very fast and now need to draw funds again to cover and I am going to get charged the same amount of the draw fee! Great place if you don’t mind them lying to get you to pay all the fees! Customer service was great for first couple days. Then he stopped contacting me even though he was supposed to be working on a long term loan. Had me take out multiple 9 month loans stating this is what we have to do to get to the long term loan. I will be paying well over $30,000 for just over $100,000 in funding. What a waste of my time and my money. Now I have. A $30,000 deficit I need to now cover. Be very careful!!!

    ...

  • author
    Gladys Mendoza
    Sep 20, 2022
    Michelle Carter helped me to get funded…

    Michelle Carter helped me to get funded she so helpful, she explain to me the whole process before anything else, even thou I dint get the total amount that they offer for at first because of the process and requirements at first I got qualified for 17k but because my DBA was not showing to my business bank statement even thou I forwarded my voided check and some documents that my dba was there but they dint still accept it, but Michelle was able to find another underwriter to fund me for less amount thank you

    ...

  • author
    GEORDAN HALL-AMERSON
    Aug 17, 2022
    Alex was amazing

    Alex was amazing. Process was smooth and easy. Straight forward and to the point.

    ...

  • author
    Bella Home Health Care LLC
    Aug 10, 2022
    This is my 2nd time working with Alex…

    This is my 2nd time working with Alex Rodriguez Rodriguez, he has been phenomenal!! Alex is very knowledgeable about the products, He went over and beyond the Call of Duty to make sure I was funded. Alex Has always been professional and extremely helpful in all areas. I would highly recommend utilizing the company. Definitely ask for Alex Rodriguez. Alex will have you funded in no time!!

    ...

  • author
    Anthony
    Aug 10, 2022
    Great guy to work with and gets the job…

    Great guy to work with and gets the job done right!

    ...

  • author
    Randy Ventura
    Aug 08, 2022
    5 Star Service

    Alex Rodriguez has been extremely helpful. Alex communicated with us throughout the entire process and made sure we understood our options and the terms. It was a very easy process and highly recommend Alex Rodriguez and his organization for any of your funding/loan needs.

    ...

  • author
    Robert W
    Aug 08, 2022
    Ms Carter was delightful

    Ms Carter was a treat to work with she was able to explain the loan process and answered my questions without hesitation. I would not hesitate to work with Ms Michelle and fundit again.

    ...

  • author
    Val
    Aug 06, 2022
    Great Experience

    Alex Rodriquez helped me obtain the capital necessary for my company to take on more business. Thank you Alex for the work you put in to get me funded!!!!

    ...

  • author
    Khalil Saleem
    Aug 05, 2022
    Loan

    Very smooth and easy loan program. Michelle was very helpful and I’m looking forward to working with fund- it again. Thank you all!

    ...

  • author
    brandon hoagland
    Aug 05, 2022
    We were assisted by Alex Rodriguez

    We were assisted by Alex Rodriguez, he was very helpful. Hands on every step of the way knowledgeable abouts different products they offer. Responded in a timely fashion for any questions we had. We recommend hil& fundit to anyone looking for capital or funding.

    ...

  • author
    Sadiki Dhatnubia
    Aug 05, 2022
    Working with Alex Rodriguez was an…

    Working with Alex Rodriguez was an excellent experience!!! Being able to get the funds I needed was a task, but Alex was able to work it out so I can move my business forward.

    ...

  • author
    Kyle Wise
    Aug 05, 2022
    These guys are awesome

    These guys are awesome! Always going to bat for me and always getting me funding the same day or next day! I will be using them for a life time. Alex is a beast at lending

    ...

  • author
    Ongster Care
    Aug 05, 2022
    Alex Rodriguez is the worst

    Alex Rodriguez is the worst! Don’t do business with them! Scammers!

    ...

  • author
    William Swindell
    Jul 26, 2022
    Easy and quick to deal with cant wait…

    Easy and quick to deal with cant wait until the next loan

    ...

  • author
    customer
    Jul 26, 2022
    Excellent-fast support from application…

    Excellent-fast support from application to funding!

    ...

  • author
    customer
    Jul 01, 2022
    Everything was clearly explained.

    Everything was clearly explained.

    ...

  • author
    customer
    Jun 08, 2022
    If anyone need start up funding and…

    If anyone need start up funding and your business is set up correct, you should not have any issues getting funding from this company.

    ...

  • author
    customer
    Jun 05, 2022
    Great service

    Great service. Easy and fast

    ...

  • author
    Brian G
    Jul 03, 2022
    BIG MISTAKE!!! FIND ANOTHER SOLUTION!!!

    Fundit is engaged in predatory lending for businesses. I previously gave a 5 star review because Louis got us the financing we needed to help us with payroll. However, the fees and interest rate, along with a high daily withdrawal makes it impossible to sustain. Their solutions are just a bandaid that will put your business in the position of making a choice of making payroll or making the daily withdrawal. My advice to any business is to find another solution. Borrowing money from Fundit will not help your business. It will only make things worse.

    ...

  • author
    customer
    Apr 08, 2022
    Excellent

    Excellent. Very quick application to funding.

    ...

  • author
    Susan
    Apr 04, 2022
    Thank You Alex!

    On our first contact with Alex to discuss funding for our business he was knowledgeable and asked questions that guided us to make the right decision. He worked diligently to find what we needed, gave us options and everything went as smoothly as he had told us from the beginning. Our funding was ready to go in 24 hrs and just to top it off he was a joy to work with. Thank you Alex!

    ...

  • author
    URBNRS Freight LLC
    Mar 30, 2022
    Everything went well the whole office…

    Everything went well the whole office did what they had to do to get my business funded in 24hrs

    ...

  • author
    Clay Dustin - President of SM1 Entertainment Inc
    Mar 22, 2022
    Louis is outstanding and efficient from…

    Louis is outstanding and efficient from start to finish it took less than 24 hours to fund my business. Amazing Louis

    ...

  • author
    Clay Dustin (Cowboy)
    Mar 22, 2022
    Louis rocked and in less than 24 hours…

    Louis rocked and in less than 24 hours we had business funds in our bank.

    ...

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