The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.
BestMoney.com
Fundit Review
Reviews 36
Fundit
Visit Site
Fundit
Fundit
Excellent
Reviews 36
Patrick Sather
Jun. 28, 2022
2 min read
Patrick Sather
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

Fundit at 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 by
Patrick 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.
Top 5 Business Loans
Kabbage
Kabbage
Read Review|Visit Site
Read all reviews
Must Reads
Read all articles
Trustpilot reviews
See what some costumers are saying about Fundit
Fundit
Excellent
Reviews 36
on
Excellent
81%
Great
11%
Bad
8%
consumer-image
emily mansur
10 days ago
Easy and smart small business options
I liked how easy it was to find information and complete terms of this program and their options. As a small business, there always seemed to be a "runaround" when researching programs or business capital options, but Fundit was not only legit, but super helpful and fast! Our personal rep Michelle Carter went the extra mile in answering questions and being so available to discuss full options for our business. We even had a family member medical emergency to tend to, and she was very flexible with getting all of our information. She even checked in numerous times asking how that family member was doing. You just don't get that type of service nowadays! Thank you Michelle and the Fundit team!
T
ta
a month ago
Alex was great
Alex was great
F
fawn zion
2 months ago
Alex got us the funding we needed when…
Alex got us the funding we needed when we needed it. As a mom and pop that’s everything.
C
carla harris
2 months ago
All I can say is it was like 1-2-3…
All I can say is it was like 1-2-3 Done! Very Professional and fast
J
jose banos
3 months ago
Alex was fantastic to work with and was…
Alex was fantastic to work with and was very resourceful as we worked through our six figures plus loan. He pulled this off in less than 48 hours. Looking forward to working again with him in the future.
A
amanda
3 months ago
5 Star service...
5 Star service... This is my 2nd time working with Alex Rodriguez and he continuously delivers! Alex is extremely professional, well informed, and goes above and beyond to get the funds needed. I recommend using this company and specifically asking for Alex to ensure your process goes smoothly. Thank you, Alex!
W
william l
3 months ago
Michelle is a rockstar
Michelle was great to work with, she made the whole process easy, stayed in contact and helped with everything. She even got me approved for more funds then I asked for. I would definitely recommend them for all your funding needs and ask for Michelle.
M
megan kossuth
3 months ago
Michelle was easy to work with and made…
Michelle was easy to work with and made the process very smooth. She communicated well and was able to ask questions when necessary. I definitely recommend working Michelle.
W
windrim repairs
4 months ago
Alex was the best
Alex was the best . It was a easy process . He was patient and he made me feel comfortable through out the process
r
robert
4 months ago
awesome
the process was simple and easy. alex was great
J
joe f
4 months ago
Alex was extremely knowledgeable and…
Alex was extremely knowledgeable and helpful.. the company works really fast and get you the funding you need immediately
D
delwyn hughes
4 months ago
Alex Rodregeuiz is an absolute liar
BE VERY CAREFUL USING THESE PEOPLE! 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!!! David Clark tried to coheres me into changing my review. Here is a text message from him to me… “Hello Delwyn, Is there anything I can do to change that review? I am trying to get you the term loan but I am having a hard time connecting again.” Connecting again had a reference to his underwriter. He had no issues contacting me. He also informed me that the employee that lied to me was reprimanded. That is great but it does not resolve the monies that I am losing because of his lies. I did not stop the process! They did because I told them I will not change the review. As stated before “BE VERY CAREFUL USING THESE PEOPLE!”
G
gladys mendoza
4 months ago
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
H
huey jr's reg svcs
6 months ago
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
G
geordan hall-amerson
6 months ago
Alex was amazing
Alex was amazing. Process was smooth and easy. Straight forward and to the point.
B
bella home health care llc
6 months ago
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!!
A
anthony
6 months ago
Great guy to work with and gets the job…
Great guy to work with and gets the job done right!
R
randy ventura
6 months ago
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.
R
robert w
6 months ago
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.
V
val
6 months ago
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!!!!
K
khalil saleem
6 months ago
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!
b
brandon hoagland
6 months ago
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.
S
sadiki dhatnubia
6 months ago
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.
K
kyle wise
6 months ago
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
O
ongster care
6 months ago
Alex Rodriguez is the worst
Alex Rodriguez is the worst! Don’t do business with them! Scammers!
W
william swindell
6 months ago
Easy and quick to deal with cant wait…
Easy and quick to deal with cant wait until the next loan
c
customer
6 months ago
Excellent-fast support from application…
Excellent-fast support from application to funding!
c
customer
7 months ago
Everything was clearly explained.
Everything was clearly explained.
c
customer
8 months ago
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.
c
customer
8 months ago
Great service
Great service. Easy and fast
B
brian g
7 months ago
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.
c
customer
10 months ago
Excellent
Excellent. Very quick application to funding.
S
susan
10 months ago
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!
U
urbnrs freight llc
10 months ago
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
C
clay dustin - president of sm1 entertainment inc
10 months ago
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
C
clay dustin (cowboy)
10 months ago
Louis rocked and in less than 24 hours…
Louis rocked and in less than 24 hours we had business funds in our bank.