Finance Factory Business Loans

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Finance Factory Business Loans


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Loan Amount $25,000 - $350,000
APR  (Fixed APR) 0% - 17%
Loan Term (Months) 36 - 120 months

Finance Factory Business 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’s 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.

What limitations does Finance factory set on the purpose of the business loan?

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

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of small business loans does Finance factory offer?

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

  • Unsecured Term Business Loans
  • Secured Term Business Loans
  • SBA Loans
  • Invoice Financing
  • Merchant Cash Advances
  • Commercial Real Estate Loans
  • ACH Cash Flow 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 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 Business Loans?

Finance Factory Business Loans does not require borrowers to have been in business for a minimum number of years. 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 Business Loans. The minimum age to be eligible is 25 or the state minimum, whichever is higher.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Finance Factory Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Finance Factory Business Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Driver's license
  • 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 approve (or deny) a business loan application within 24 hours and fund small business loans within 1 business day of approval.

Does Finance Factory Business Loans report your account activity to credit bureaus?

Yes, Finance Factory Business Loans reports your account activity to the following credit reporting agencies:

  • 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 improve your credit.

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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.

Message From Finance Factory Business Loans

Finance Factory is a full service business finance and consulting firm. Through our marketplace, we offer a suite of financing programs and small business services nationwide. Our knowledgeable Funding Specialists develop a funding strategy designed to accomplish both your short and long term goals. Whether you are a start-up looking for working capital, an existing business acquiring a competitor or purchasing new equipment, Finance Factory has options to accomplish your goals.


Other Services by Finance Factory


  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

NSF Fee $0
No Prepayment Fee
Origination Fee (%) 2% - 9.9%
Credit Score Range 700 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 25
Minimum Revenue $0
Number of Tradelines 25
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Driver License (or other photo ID)
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 7 days
Lender Features
  • Loan Restructuring Option
  • Customizable Payment Dates
  • Pre-Approved Soft Credit Inquiry
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
  • Bank Transfer
Pre-Approved Soft Credit Inquiry
Loan Amount $25,000 - $350,000
APR (Fixed APR) 0% - 17%
Loan Term 36 - 120 months

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