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Fundation

in Business Loans from Fundation

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Fundation

Unaffiliated

in Business Loans from Fundation

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

Overview

Where does Fundation do business?

Fundation is a direct lender based in Reston, VA. It was founded in 2013 and offers access to business loans in 50 states (and Washington, DC).

What are Fundation’s rates?

Fundation offers business loans with fixed APRs starting from 7.99% to 29.99%.

Does Fundation charge an origination fee?

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

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

Fundation considers loan applications for business purposes, such as:

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

What types of business loans does Fundation offer?

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

  • Unsecured term 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 loan off early.

How much can you borrow from Fundation?

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

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

Fundation offers 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 a loan with Fundation?

Applicants with a credit score of at least 700 can apply for a loan via 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.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

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Contact

  • Headquarters
  •   11501 Sunset Hills Road
    Suite 100
    Reston, VA 20190 USA
  •   Visit Site

About Fundation

Availability

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 Up to 5%
Credit Score Range 700 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
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 $20K - $500K
Loan Term (Months) 12 - 48
APR (Fixed APR) 7.99% - 29.99%

Reviews

 
 

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