Last Updated: June 6, 2024, 11:30 am by TRUiC Team

Fundation Small Business Loans Review 2024

Whether you’re in need of business funding to pay bills and payroll or need capital for some other reason, Fundation business loans offer small business loans that may benefit you and your business.

In this review, we’ll go over the details of Fundation’s business loans to help you decide if their loans are right for your business.

Recommended: Visit our comprehensive guide on small business loans or read our review of the best small business loans.

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Fundation Business Loans

Our Approach:

To help match your business with the right loan, we compared Fundation’s loan offerings and matched those up with the businesses that stand to best benefit.

In this review, we’ll cover the type of loans Fundation offers to help you decide if Fundation is the right lending partner for your small business.

Selecting the best small business loan for your company comes down to three things:

  • Type of business you have
  • Needs of your business
  • What you want for the future of your business

Fundation Business Loans Summary:

Fundation only offers small business term loans:

  • Small business term loans are the best business loans for companies needing access to a certain quantity of capital to fund expansion projects. These loans help businesses leverage capital to grow by building the business out.


  • Approval is determined by the underwriter, no hard requirements
  • 1-2 day approval
  • Discounts for early repayment
  • Refinance options after nine months
  • Lower interest rates
  • Longer terms
  • Financing up to $500,000


  • Must have three employees
  • Must be an established business
  • Longer qualification process than most other online lenders
  • Bi-monthly payment requirements
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Recommended: Read our guide on how to build business credit.

How to Apply for Fundation’s Loans:

Types of Fundation Business Loans

Fundation is not a traditional bank, rather a fintech lender, which can get you access to capital much faster than a bank. A term loan is one in which you are given access to a set amount of capital upfront with a specified repayment period.

Fundation’s Small Business Term Loan

Fundation’s offer short-term, personalized small business term loans. These loans require bi-monthly payments.

Lowest rate: 8% per week

Loan sizes up to: $500,000


  • No hard approval criteria
  • Terms from 1-4 years
  • Refinance option after nine months


  • Established business
  • $200,000 annual revenue

How to Apply:

Fundation's Customer Reviews

Fundation seems to have mostly positive reviews from customers. Here are some verified Fundation reviews on Trustpilot’s website made by people who sought loans through them to help their businesses:

“Loved how fast the process was with Fundation. Applying was easy and almost entirely paperless. I liked that the process was online, but appreciated that someone at Fundation reached out thorough [sic] the progress of my loan.”

“Pretty good and easy to work with.”

“Interest is pretty high”

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Learn more by checking out our comprehensive guides on small business loans.

Fundation's Review Ratings

Value - 4/5

Overall Fundation’s value works well for some businesses given they take a personalized approach to lending and have no hard requirements. Fundation may not be right for companies needing long-term real estate loans. Their loans are short-term, up to four years. Interest rates are reported to be a little on the high side, so you’ll want to consider how well you can leverage the capital.

Customer Service - 3/5

It was hard to reach someone without watching a webinar, filling out a contact form, and waiting a day for someone to reach out to us. Once we did get on the phone, the support was fair.

Ease of Use - 2/5

Applying for a business loan with Fundation is a bit more difficult than many other online lenders. The website is not intuitive and does not explain its loan offerings very well. It wasn’t until we talked to a person that we understood these things.

Included Features - 3/5

We like Fundation’s approach to lending because they work with you. The company hasn’t set rigid rules for what you must do to qualify, so they approve businesses that they have talked to and determined are not going to pose a risk to their bottom line. There aren’t a lot of additional incentives, besides a longer four year repayment period and lower interest rates.

Final Thoughts on Fundation

Fundation may be the right lender for your business if you need extended short-term financing. Fundation offers low-interest rates, but getting approved is a bit more challenging than many other online lending marketplaces. They also offer loans up to $500,000 but require you to make $200,000 per year in revenue to qualify for a loan with them.

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Visit our comprehensive guide on small business loans.

Fundation's FAQs

The first step is to establish business credit. This may take some time, and there are many things you should know about building business credit. The basics are to establish trade lines with vendors that get reported to Dun & Bradstreet and other credit reporting agencies, making sure you establish your business by setting up an LLC, and ensuring that you have a business address and business phone number. Once you have some credit history, having paid your bills on time, you’ll start to build business credit.

Acquiring capital can be a real challenge if you have poor business credit. You can quickly qualify for online lenders faster than a traditional bank loan, but you may pay more in interest.

Different lenders have different requirements. You’ll need to check what the particular lender needs before applying for the loan. Most lenders require six months or longer in business and established business credit.

Find an online lender that will let you borrow your capital requirements without you needing capital. Keep in mind that without revenue you may find it more difficult to qualify, and the lenders you do qualify for may charge higher interest rates.

Banks take time to organize loan approval. Some online lenders can get you approved as fast as the next day.

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