Fundivo is a loan broker that connects businesses across the country with its network of pre-screened lenders. It was founded in 2013 and is based in New York City. Fundivo's platform turns the business lending on its head by getting lenders to compete for the business of borrowers.

How Does Fundivo Work?

Instead of having to fill in a new application for every lender, Fundivo borrowers just have to fill in a single application form. Fundivo's algorithms then crunch the numbers and match the best loan products available for each applicant. Borrowers can then choose whether to accept the loan offer or try with a different lender. There is no obligation to go with the loan suggested by Fundivo.

What Are The Interest Rates?

Interest rates vary widely depending on the credit, revenue and assets of the business. However, Fundivo works with lenders that provide short to mid-term loans with interest rates ranging from 7% to 25%.

How Much Money Can I Borrow?

Fundivo does not provide a maximum or minimum loan amount. Lenders assess the eligibility and maximum loan amount of borrowers on a case by case basis. However, Fundivo's lenders only offer short and mid-term loans, which limits the maximum loan a business can afford to the size of its revenue.

Which States Does Fundivo Operate In?

Fundivo has lenders that operate in all 50 states.

What Is the Application Process Like?

The application process is fast and easy to navigate. The entire process only takes a few minutes. There is no application fee or obligation to go through with a loan.

How Is Fundivo Better than Other Lenders?

Fundivo allows borrowers to apply for a wide selection of lenders without having to waste time searching for lenders and filling numerous application forms. This gives borrowers a chance of pitching their business to more lenders and even gets lenders competing for their business. Once applicants provide the necessary information, Fundivo's loan specialists take over and negotiate with lenders to find the best rate possible. The service is free and there is no commitment to accept a loan.

One caveat, aside from Fundivo's website there is little information available on Fundivo. We tried to contact Fundivo's customer service using the number on their website and our calls were consistently dropped after a few minutes.

  • APR
    6% - 25%
  • Loan Amount
    $5000 - $2000000
  • Max Loan Term (Months)
  • Approval Speed (Hours)
  • Funding Time
  • No Origination Fee
  • No Prepayment Fee
  • Minutes
  • Same Day
  • 1-7 days
  • 1-2 weeks
  • 2-4 weeks
  • Min Revenue
  • Min Years in Business
  • Origination Fee
    1-5% - %
  • Credit Type Offered
    • Unsecured Term Loan
    • Secured Term Loan
    • Line Of Credit
  • Intended Use of Funds
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Institution Type
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1 votes

I've been running an auto shop for just shy of 20 years, and needless to say, I've gotten various loans to help with expenses. I've gone through companies who connect you with lenders before, and prefer this method over applying to each individual company. I came across Fundivo after a colleagues recommendation, and quickly applied. The lenders they matched me with really fit my needs. I have great credit and my business is in good standing, so I didn't look to pay high interest rates. With other companies I've gone ... through, they don't really match you with lenders that fit your business. At least, not as well as Fundivo has. They customized my matched lenders, which made the process easier than usual. More Less

0 votes

I was a little thrown to find out that this company doesn't actually lend you the money but instead acts as a broker and finds you a loan among a bunch of different vendors. Then I realized that as a small business owner I do the same kind of thing all the time when I source products, so that made me realize that this is nothing new. I got my money fast. Pretty good interest rate.

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