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  Fundation

Fundation

in Business Loans from Fundation Group LLC

Unaffiliated

Fundation

Unaffiliated

in Business Loans from Fundation Group LLC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Loan Amount $20,000 - $500,000
APR  (Fixed APR) 7.99% - 29.99%
Loan Term (Months) 12 - 48 months

Fundation Review

Fundation is a business financing offering by Fundation Group LLC, based in Reston, VA. Founded in 2013, Fundation Group LLC offers access to small business loans in 50 states (and Washington, DC).

Fundation FAQ

What are Fundation’s rates?

Fundation offers a fixed APR business financing product that ranges from 7.99% APR up to 29.99% APR.

Does Fundation charge an origination fee?

Yes, Fundation charges a loan origination fee of up to 5% of the business loan amount.

What limitations does Fundation set on the purpose of the business loan?

Fundation considers business loan applications for business purposes, such as:

  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of small business loans does Fundation 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. Fundation provides access to the following business loan types:

  • Unsecured Term Business Loans
  • Lines of Credit

Does Fundation charge prepayment fees?

No, Fundation 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 Fundation?

Business loan amounts start at $20,000 and go up to $500,000.

What is the maximum business loan term you can get with Fundation?

Fundation offers small business loans with terms ranging from 12 to 48 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 Fundation?

Fundation requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $100,000 to be considered.

Applicants with a credit score of at least 700 and up to 850 may be eligible for Fundation.

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. APRs for the Fundation product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

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

  • Proof of income
  • Proof of identity
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Other Services by Fundation Group LLC

Availability

  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 (%) Up to 5%
Credit Score Range 700 - 850
Employment Statuses Considered Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $100,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $20,000 - $500,000
APR (Fixed APR) 7.99% - 29.99%
Loan Term 12 - 48 months

Fundation Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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