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Fundation Review

Fundation is an online small business lender that uses technology and advanced analytics to process and disburse installment loans and lines of credit quickly.

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The company was founded in 2011 and has since secured high marks for its competitive rates and fees, transparent terms and hands-on customer support.

Fundation is a good fit for established small businesses with fair credit looking to acquire a business loan up to $500,000 or a line of credit up to $150,000.

Consider Fundbox if you:

  • Are an established business
  • Have fair or better credit
  • Are looking for rates comparable to traditional lenders

Business owners can count on Fundation to finance business expansion, equipment and capital improvements through the Fundation term loan program. The Fundation line of credit will better serve those looking to cover short-term working capital needs.


Loans up to $500,000 over a 4-year term
Lines of credit up to $150,000 over 18 months
No early prepayment penalties
No collateral required

Fundation Term Loans

Fundation business term loans are the perfect fit for business owners looking to take on a significant investment while keeping repayment costs low.

Interest rates are fixed, and loans are repaid on a bi-weekly basis via ACH withdrawal.

  • Borrowing amount up to $500,000
  • APR ranges between 7.99% and 29.99%
  • Term lengths range from 1 to 4 years
  • The origination fee for term loans is up to 5%
  • Requires a personal guarantee and a UCC-1 lien on business assets

Fundation Business Line of Credit

Fundation’s line of credit is an apt solution for businesses looking for an express working capital loan for growth and expansion.

Short-term lines of credit are processed online and repaid in 18 equal monthly installments—simple terms, no hidden fees.

  • Borrowing amounts up to $150,000
  • Each draw is subject to a 2% fee
  • Repayment period of 18 months
  • $500 closing fee
  • Requires a personal guarantee and a UCC-1 lien on business assets

Fundation Lender Review

Fundation has helped small businesses in several verticals in healthcare, retail, transportation and software publishing acquire capital. The lender requires a minimum personal credit score of 660 and a business structure with 3 or more employees.

  • Fundation term loans and business lines of credit don’t require time-consuming paperwork—the lender focuses on providing fast and dependable services.
  • The lender is transparent about fees and pricing, while their products are straightforward and easy-to-understand.
  • Fundation evaluates small businesses on several parameters such as business stability, financials, credit history, cash flow and debt—loan pricing is based on these metrics. You’ll get the price advantage if your numbers are strong.
  • Fundation provides professional and prompt services to customers. The company’s representatives work on understanding each customer’s requirements before offering the best possible solutions.
  • Fundation provides a dedicated account manager to resolve queries and help facilitate the application process.
  • Time-to-funding is usually less than a week—slower than some competitors in this space, but much faster than banks and traditional sources.
  • Fundation has positive reviews from existing customers.

Pros of Fundation Loans

  • Fundation’s online application process is fast and uncomplicated. To apply, fill out an online form detailing your business name, address, sales figures and profit numbers.
  • No prepayment penalty, so you can save on loan costs by prepaying your dues.
  • Award-winning customer service and dedicated support teams.
  • Less stringent loan qualification requirements than banks and traditional institutions.
  • Cheaper loans (single-digit APRs) for those who have a growing business, strong numbers and a higher payback probability.

Cons of Fundation Loans

  • Fundation has stricter qualification requirements than many of its competitors. Some small businesses won’t meet these standards.
  • Like other lenders, Fundation requires you to write a personal guarantee. This means you need to clear the debt if your business fails to do so.
  • Fundation also places a blanket lien on your business assets. This means if you’re unable to pay back your loan, Fundation will have the right to seize and liquidate your business assets.

Fundation Requirements

  • Annual Revenue $100,000+
  • Personal Credit Score 660+
  • Time in Business 12+ months
  • Number of Employees 3+

Fundation: What You Need to Apply

  • 3 – 6 months of bank statements
  • Annual sales and profit numbers
  • Latest debt schedule
  • Latest balance sheet
  • 2 latest tax returns

Fundation Group LLC is a great option for small businesses looking to borrow for short-term working capital or a long-term investment. Competitive interest rates and fees, easy terms and great customer service are some key strengths that most of Fundation’s customers vouch for. Backed by digital expertise, the lender provides quicker and higher-quality services as compared to other alternative lenders in the small business financing landscape.

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