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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

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

Fundivo Small Business Loans FAQ

What are Fundivo Small Business Loans’s rates?

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

Does Fundivo Small Business Loans charge an origination fee?

Yes, Fundivo Small Business Loans charges a loan origination fee starting at 1% of the loan amount. Fundivo Small Business Loans deducts the fee directly from your 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 Small Business Loans set on the purpose of the loan?

Fundivo Small Business Loans 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 Fundivo Small Business Loans offer?

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

  • Unsecured term loans
  • Secured Term Loans
  • Lines of Credit

Does Fundivo Small Business Loans charge prepayment fees?

Yes, Fundivo Small Business Loans charges additional fees to borrowers who pay off their 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 loan early.

How much can you borrow from Fundivo Small Business Loans?

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

What is the maximum loan term you can get with Fundivo Small Business Loans?

Fundivo Small Business Loans offers 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 Small Business Loans?

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

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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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Other Services by Fundivo

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
  • Non-Military
  • Veterans
  • Military Dependent
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

-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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