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Fundera by NerdWallet

Small Business Loans

4.5 (1,780 reviews)

Fundera by NerdWallet is a business loan marketplace that connects small businesses with multiple funding options up to $5 million through a network of trusted lenders, offering free personalized advice from loan specialists.

About Fundera by NerdWallet

Founded in 2014 and later acquired by NerdWallet in 2020, Fundera has established itself as a premier marketplace for small business financing. Unlike direct lenders who offer a limited range of their own products, Fundera functions as an intermediary that connects small business owners with a diverse network of lenders offering various financing solutions. This marketplace approach allows business owners to compare multiple funding options simultaneously, significantly streamlining the traditionally fragmented and time-consuming process of seeking business capital. Under NerdWallet's ownership, Fundera has further strengthened its position by leveraging NerdWallet's extensive financial expertise and educational resources, creating a comprehensive platform that combines funding access with financial guidance.

What distinguishes Fundera by NerdWallet in the business financing landscape is their personalized, advisor-driven approach combined with a commitment to transparency. Each business owner who applies through Fundera is assigned a dedicated loan specialist who serves as their advocate throughout the funding process. These specialists take time to understand the business's specific circumstances and needs before presenting appropriate financing options from Fundera's lender network. Unlike many financing brokers who may prioritize certain products based on commission structures, Fundera emphasizes transparent presentation of all available options, including clear disclosure of rates, terms, and fees. Additionally, their integration with NerdWallet has enhanced their educational component, providing business owners with extensive resources to make informed financing decisions beyond just accessing capital.

Fundera by NerdWallet offers access to a comprehensive range of business financing products, including term loans, SBA loans, business lines of credit, equipment financing, invoice factoring, and merchant cash advances. This diversity enables them to serve businesses across various stages of development, from startups seeking their first financing to established operations looking to fund expansion. Their online application takes just minutes to complete, and applicants can potentially receive multiple loan offers within 24-48 hours without impacting their credit score through the initial process. For business owners navigating the complex small business financing landscape, Fundera provides not just access to capital but also the guidance and education needed to select the most appropriate funding solution for their specific circumstances.

Customer Reviews

4.5 out of 5

Based on 1,780 verified customer reviews

"As the owner of a manufacturing business in its second year of operation, I found traditional banks unwilling to work with us despite strong growth. I discovered Fundera through a business association and decided to give it a try. The application process was refreshingly straightforward—I completed it in about 20 minutes and uploaded basic business documents including bank statements, tax returns, and profit and loss statements. What set Fundera apart was the personalized service. My loan specialist, Jennifer, called me the next day for a 30-minute conversation about my business goals and funding needs. She explained different financing options in plain English and helped me understand which would be most cost-effective for our specific situation. Within 48 hours, I received three different loan offers through their platform. Jennifer walked me through the pros and cons of each, including the fine print, which helped me avoid an option with terms that wouldn't have worked for our cash flow pattern. I ultimately secured a $150,000 term loan with reasonable terms and a clear payment schedule. The entire process from application to funding took less than a week. I especially appreciated that Fundera remained involved after funding, with Jennifer checking in periodically to ensure the financing was working for our business. The combination of multiple options and personalized guidance made all the difference in our funding experience."

Manufacturing Business Owner

Verified Customer Review