Finance Factory

in Business Loans

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Finance Factory


in Business Loans

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Where does Finance Factory do business?

Finance Factory is a marketplace lender based in Towson, MD. It was founded in 2006 and offers access to business loans in 50 states (and Washington, DC).

What are Finance Factory’s rates?

Finance Factory offers business loans with fixed APRs starting from 0% to 149%.

Does Finance Factory charge an origination fee?

Yes, Finance Factory charges a loan origination fee of 5% to 10% of the loan amount. Finance Factory deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Finance Factory set on the purpose of the loan?

Finance Factory considers loan applications for business purposes, such as:

What types of business loans does Finance Factory offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Finance Factory provides access to the following business loan types:

  • Unsecured term loans
  • Secured Term Loans
  • Lines of Credit
  • SBA Loans
  • Invoice Financing
  • Merchant Cash Advances
  • Commercial Real Estate
  • ACH Cashflow Loans
  • Bridge Loans

Does Finance Factory charge prepayment fees?

No, Finance Factory does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Finance Factory?

Loan amounts start at $5,000 and go up to $350,000.

What is the maximum loan term you can get with Finance Factory?

Finance Factory offers business loans with terms ranging from 36 to 120 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Finance Factory?

Applicants with a credit score of at least 660 can apply for a loan via Finance Factory. Finance Factory does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of . Finance Factory will also consider borrowers who are unemployed. To qualify, applicants may need to provide the following documentation:

  • Business Formation Documents
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Recent Bank Statements
  • Recent Pay Stubs
  • U.S. Tax Identification Number

What is the estimated funding time for a business loan via Finance Factory?

Finance Factory can approve (or deny) a loan application within 48 hours and fund business loans within 1 business day of approval.

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Message from Finance Factory

Finance Factory is a leader in the startup and alternative business funding spaces. Founded in 2006, Finance Factory has helped solve the challenge of early-stage business owners obtaining capital to acquire, launch or grow their small business. Over the past 12+ years, Finance Factory has successfully established over $1 billion in funding for entrepreneurs nationwide. Finance Factory has an A+ Accredited rating with the Better Business Bureau.


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Origination Fee 5% - 10%
Credit Score Range 660 - 750
850 300 660 750
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Revenue $0
Verification Documents Required
  • Business Formation Documents
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Recent Bank Statements
  • Recent Pay Stubs
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
Loan Amount $5K - $350K
Loan Term (Months) 36 - 120
APR (Fixed APR) 0% - 149%

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