Last Updated: 06/21/2025
Finance Factory Unsecured Start-up Loans
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in Business Loans from Finance Factory
Last Updated: 06/21/2025
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Highlights
Amount Range
$25,000 - $350,000
APR (Fixed APR)
0% - 17%(Verified 06/21/2024)
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Loan Term (Months)
36 - 120
Finance Factory Unsecured Start-up Loans Review
Finance factory is a business financing offering by Finance Factory, based in Towson, MD. Founded in 2006, Finance Factory offers access to small business loans in 50 states (and Washington, DC).
Finance factory FAQ
What are Finance factory rates?
Finance factory offers a fixed APR business financing product that ranges from 0% APR up to 17% APR.
Does Finance factory charge an origination fee?
Yes, Finance factory charges a loan origination fee of 2% to 9.9% of the business loan amount . Finance factory deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
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 business loan off early.
How much can you borrow from Finance factory?
Business loan amounts start at $25,000 and go up to $350,000.
What is the maximum business loan term you can get with Finance factory?
Finance factory offers small 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 Finance Factory Unsecured Start-up Loans?
Finance Factory Unsecured Start-up Loans requires companies to be in business for at least month Businesses don't have to meet a minimum annual revenue to be considered.
Applicants with a credit score of at least 700 and up to 850 may be eligible for Finance Factory Unsecured Start-up Loans. The minimum age to be eligible is 25 or the state minimum, whichever is higher. U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Finance Factory Unsecured Start-up Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Bank account information
- Business formation documents
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- U.S. tax identification number
What is the estimated funding time for a business loan via Finance factory?
Finance factory can fund small business loans within 7 business days.
Does Finance Factory Unsecured Start-up Loans report your account activity to credit bureaus?
Yes, Finance Factory Unsecured Start-up Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Finance Factory perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Finance factory allows you to check your rates with a soft credit pull.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
