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SuperMoney Review

Reviews 468
SuperMoney
SuperMoney
Excellent
Reviews 468
Ashley Eneriz
Feb. 21, 2023
2 min read
Ashley Eneriz
SuperMoney Summary
SuperMoney connects you to personalized business loans from the top lenders. Whether you have an LLC, small business, or large business, you can receive funding for a variety of business needs. SuperMoney started off as a financial services comparison website in 2013 and has become a leader in the field.

Pros

  • No annoying sales calls
  • Quick application process
  • Real time pre-qualification with multiple lenders

Cons

  • Not a direct lender
  • Limited customer support

SuperMoney at a glance

8
Editorial score

Online experience

Online application but no learning resources
6.0

Customer services and support

Limited ways of reaching lender
4.0

Variety of loan types

Offers all loan types*
10.0

Loan amount range

Loan amount $500K+
10.0

Eligibility

Loans available to most credit types, revenue levels, and businesses
10.0

Overview 

SuperMoney aims to disrupt the way consumers and small business owners shop for financial service products. 

SuperMoney's loan offer engines are integrated with leading lenders. Consumers who are using their platform can submit a single loan inquiry and receive competing pre-approved loan offers from lenders – all without affecting their credit score.

Unlike some marketplace lenders, SuperMoney does not use or sell your information. Instead, it transparently connects businesses to loan options within minutes of filling out the application.

Why SuperMoney Is Good For Your Business

If you need business financing, but you aren’t sure where to start, SuperMoney takes a lot of the pressure and time off of your plate by applying to multiple lenders with one application. While you are required to enter a Social Security Number in the application process, this is only a soft credit pull, so your score won’t be affected. 

Loan Features

While SuperMoney is not a direct lender, it does not allow any of its partners to do a hard credit pull. This is helpful for your credit when you are in the initial research stage, but it can mean that your APR and the monthly payment will go up or down depending on your credit score. 

Below are a few lenders SuperMoney is partnered with to provide loans for small and large businesses alike: 

  • Funding Circle
  • Fora Financial
  • National Funding
  • OnDeck
  • And more


Highlights for SuperMoney include:

  • Quick, paperless online application
  • No pressure or follow up sales calls to pick a loan
  • For a wide variety of businesses, including self-employed and LLC businesses
  • The minimum credit score starts at 600
  • Funding can be used for almost any business expense

Application Process

To get started, borrowers simply click on the “Get Started” button located on SuperMoney’s website. You will be asked about your business classification, what the business loan is for, business financial info, how much money you need to borrow, and your personal information. You will also need to enter your Social Security Number.

How Much Can You Borrow? 

SuperMoney can connect businesses to funding ranging from $1,000, up to $5M. The amount of money you request to borrow will affect how many offers you receive. Not all lenders offer loans over $200,000 nor do all of the partners lend to small businesses. 

Repayment Terms

Since SuperMoney is not a direct lender, filling out the application will allow you to compare APR rates and repayment terms from its network of lending partners. Depending on your eligibility, you can compare different loan amounts at different repayment lengths from 3 to 120 months.

How Safe Is It? 

SuperMoney states that it’s using certain physical, managerial, and technical safeguards to protect the integrity and security of your information. They use 256-bit encryption to protect clients’ data. However, the site does not guarantee your information will remain secure, especially since they cannot control the security of third-party lenders. 

Help & Support

SuperMoney has a dedicated help center where individuals can submit issues of questions that are handled by industry veterans.

Summary

If you want a quick way to see what loans and terms your business may qualify for, then SuperMoney is a great marketplace tool to use. You can weigh the different loan options without the pressure to make a commitment or receiving annoying sales calls. You don’t have to worry about your credit score being affected or getting on a lender’s spam list. 

Physical Address

SuperMoney’s offices are located at: 

3100 S Harbor Blvd #190, Santa Ana, CA 92704

Ashley Eneriz
Written by
Ashley Eneriz
Ashley Eneriz is a financial writer who has been published on Credible, GOBankingRates, MoneyCrashers, Huffington Post, Business Insider Australia, Life Hacker, Fidelity, CBS News, and MSN Money. She also writes children's books. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Trustpilot reviews
See what some customers are saying about SuperMoney
Excellent • Reviews 468
on
Excellent
95%
Great
3%
Average
1%
Poor
0%
Bad
1%
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Lucy Kana
3 days ago
SuperMoney is a platform that solves…
SuperMoney is a platform that solves all my banking needs in one place as it provides all banking platforms either it's savings account, loans account, credit card all in one place, what you just need to do is only search for what you want and you get it instantly.
Hamza Ali
1 week ago
Amazing
Amazing . Simply don't have words.highly appreciated
MD
Michael Dimaggio
3 weeks ago
Quit respons
Quit respons
JC
Jessica Chastain
1 month ago
Very informative
Very informative
Sa
Sahi
1 month ago
Excellent financial services comparison website
Supermoney is an excellent financial services comparison website, providing users with comprehensive and user-friendly tools to compare various financial products. The platform offers a wide range of options, making it easy for individuals to find the best-suited services based on their specific needs and preferences. The intuitive interface and detailed information make it a valuable resource for those seeking transparency and informed decision-making in their financial choices.
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