- No hard credit check
- Free to use
- No minimum credit score
- Requires creating a profile to get rates
- Limited customer service
Online application but no learning resources
Customer services and support
Multiple ways of reaching lender but limited hours
Variety of loan types
Offers all loan types
Loan amount range
Loan amount $500K+
Loans available to most credit types, revenue levels, and businesses
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.
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
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 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?
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 firstname.lastname@example.org.
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.
6303 Blue Lagoon Drive Suite 400, Miami, FL 33126