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  Fundivo Small Business Loans

Fundivo Small Business Loans

in Business Loans from Fundivo

Unaffiliated

Fundivo Small Business Loans

Unaffiliated

in Business Loans from Fundivo

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

Rating not yet determined  

Loan Amount $5,000 - $2,000,000
APR  (Fixed APR) 6% - 25%
Loan Term (Months) 12 - 120 months

Fundivo Small Business Loans Review

Fundivo is a business financing offering by Fundivo, based in New York City, NY. Founded in 2013, Fundivo offers access to small business loans in 50 states (and Washington, DC).

Fundivo FAQ

What are Fundivo’s rates?

Fundivo offers a fixed APR business financing product that ranges from 6% APR up to 25% APR.

Does Fundivo charge an origination fee?

Yes, Fundivo charges a loan origination fee starting at 1% of the business loan amount. Fundivo 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 Fundivo set on the purpose of the business loan?

Fundivo 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 Fundivo 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. Fundivo provides access to the following business loan types:

  • Unsecured Term Business Loans
  • Secured Term Business Loans
  • Lines of Credit

Does Fundivo charge prepayment fees?

Yes, Fundivo charges additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from Fundivo?

Business loan amounts start at $5,000 and go up to $2,000,000.

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

Fundivo offers small business loans with terms ranging from 12 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 Fundivo Small Business Loans?

Fundivo Small Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $25,000 to be considered.

Applicants with a credit score of at least 560 and up to 850 may be eligible for Fundivo Small Business Loans.

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 Fundivo Small 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 Fundivo Small Business Loans. Permanent resident / green card holders are also eligible to apply.

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

Fundivo can approve (or deny) a business loan application within 24 hours and fund small business loans within 1 business day of approval.

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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.

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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

Origination Fee (%) Starting at 1%
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $25,000
Loan Amount $5,000 - $2,000,000
APR (Fixed APR) 6% - 25%
Loan Term 12 - 120 months

Fundivo Small Business Loans 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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