5 Flexible Fundera Alternatives for a Savvy Business Owner
Finding the right lender for your small business can seem like a daunting task. It doesn’t need to be, though. If you are looking for funding to grow your business, you’ve come to the right place.
Fundera is a popular way to find business loans, but if you are thinking about going another way, check out these five flexible Fundera competitors. Compare their offerings to make the best decision for your business.
What is Fundera?
Fundera is a small business loan marketplace with several lenders. The platform does not have set terms and conditions for businesses to qualify for a loan because each lender has its own set. The marketplace allows users to compare dozens of financial options at once.
You may be wondering, “Who owns Fundera?” NerdWallet, the financial guidance company, acquired Fundera in the fall of 2020. The company has grown in popularity since its founding in 2013. However, Fundera is not a direct lender. It is more of the middle man. Read on to see Fundera competitors who might be better options for your small business.
5 Fundera Competitors for Small Businesses
Let’s take a closer look at the top five Fundera competitors perfect for small business owners. All of these companies are great options for small businesses looking to scale. We will share a couple of benefits of each to help make your decision as easy as possible.
1. LendThrive
LendThrive is a top Fundera competitor because it offers unique benefits for small businesses. It offers fixed rate business loans up to $150K with low interest rates. The LendThrive team believes in helping entrepreneurs reach their business goals by providing the funding needed to get there.
Not to mention, there are no penalties for paying off a loan early. LendThrive wants your business to thrive!
BBB Rating: LendThrive is a sister company of the Arizona-based AVANA Capital, which has an A+ rating.
2. Kabbage
Owned by American Express, Kabbage is an online lender that offers small business financing and business lines of credit to entrepreneurs. Kabbage’s funding decisions are made in real-time so funds are available to borrowers immediately after approval.
There are some specific requirements you must meet to qualify for a loan from Kabbage. These include being in business for at least 12 months, having an active business checking account, and being an American Express cardholder. Kabbage also uses your credit history to determine if you qualify for funding.
BBB Rating: A+
3. National Funding
National Funding has small business loans and equipment financing and leasing. This Fundera competitor empowers business owners to do what they love. To do so, National Funding requires minimal paperwork and has fast approval and high approval rates.
National Funding has a wide variety of loans and financing options, making it a strong Fundera competitor. Some of these options include unsecured business loans, working capital loans, and bridge loans.
BBB Rating: A+
4. Fundbox
Fundbox is an AI-powered financial platform for small businesses that was founded in 2013. Fundbox offers business owners funding up to $150K in the form of either a line of credit or a term loan. This Fundera competitor has worked with over 275K small businesses and prides itself on transparency.
A couple of Fundbox benefits are its mobile app, which makes drawing funds on the go simple, and it has no prepayment penalties or origination fees.
BBB Rating: A+
5. ApplePie Capital
ApplePie Capital is a franchise loan platform that enables entrepreneurs to access the capital they need to grow their businesses. It offers competitive fixed and variable rates for its financing options. Its repayment terms range from five to 10 years for its SBA, conventional, and equipment loan options.
The ApplePie Capital team understands the unique challenges franchises face and want to help business owners overcome them.
BBB Rating: A+
Now that you are familiar with five of the best Fundera competitors, it’s time to decide which option is right for your business.
LendThrive Is Ready To Help You Succeed
LendThrive, part of the AVANA Family of Companies, wants to see your business succeed. We can provide you with necessary funds to grow your small business. Our fixed rate business loans are flexible and give you the freedom to reach your goals.
Our approval process can be as quick as 24 hours! Apply today or contact us for more information about our financing options.
