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Fundera by NerdWallet Review: Expert Analysis & User Insights
Fundera is your one-stop shop for small business loans. Rather than applying directly to one lender, Fundera does the shopping for you and connects you to the best lender to meet your small business needs.
Min. Credit Score 550+
Loan Amount $5K-$5M
Loan Repayment Up to 30 years
Written by:Gordon Scott
Reviewed by: Sarah Brooks, Business Finance Writer and Editor
Fact Checked by: Dr. JeFreda R. Brown, Financial Expert
Expert Reviewer Verdict
Fundera's main strength is its connection to other lenders. Because of this, they can help those with low credit scores or minimal time in business to acquire a loan. Fundera’s comprehensive matching algorithm combined with high approval rates make this company a top choice for small business loans.
In this review, our team of expert reviewers has thoroughly analyzed and evaluated Fundera small business loans. We will share our findings and provide our expert recommendations on whether Fundera small business loans are worth considering.
Fundera by NerdWallet User Reviews
Fundera has a very impressive 4.7 stars out of 5 on TrustPilot and 5 out of 5 on Site Jabber. Customers are generally satisfied with the fast, efficient and friendly service offered by the platform. The company is praised for its clear communication and the personal service its agents give to help customers choose the right loan.
Where any criticism is raised, Fundera responds to this quickly and offers to assist in making things right. In some rare instances, customers have expressed dissatisfaction with loans; however, this doesn’t fall under the responsibility of Fundera as the platform doesn’t set rates and terms.
| Positive Fundera Reviews | Negative Fundera Reviews |
| Great customer Support Team | Some issues when responding to emails |
| Fast application process and approvals | Covid relief loans can be difficult to arrange |
| Highly personalized service | Terms changed by the lender after application |
| Efficient application process | Some lenders have high fees |
Summarized Ratings
User Reviews4.9
Loan Features4.4
Interest Rates & Fees3.1
Qualification Leniency5
Application Process3
Customer Support3
Fundera has a peer leading User Reviews rating of 4.9. It reflects the average rating from 2 independent user review sites, including a Trustpilot score of 4.7.
Fundera by NerdWallet Review Video
Our expert, Gordon Scot reviews and describes Fundera business loans in detail.
What is Fundera?
Fundera by NerdWallet is an alternative lender operating both as a direct lender and a loan marketplace. This means that Fundera may choose to fund the entire loan themselves, or they may match you to one of the lenders in their network. This gives you speed and flexibility you may not find elsewhere.
Fundera Pros and Cons
Pros
Cons
Next, Fundera will ask you your business name and credit score.
Frequently Asked Questions(FAQ)
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This app literally changed my like. It provides a great experience. I absolutely love it!
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About the Author
Written by: Gordon Scott
Gordon Scott is an author, trading instructor, trading coach and curriculum developer for financial education. He served as the managing director for the CMT Association from 2013 to 2018, overseeing the development and production of the CMT exams and their curriculum.
More about meReviewed by: Sarah Brooks
Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.
More about meFact Checked by: Dr. JeFreda R. Brown
Dr. JeFreda R. Brown is more than a financial consultant: she’s an avid teacher and subject matter expert who helps people—individuals and groups in a business setting—master the skills they need to achieve lasting financial wellbeing. As Founder and CEO of Xaris Financial Enterprises, it is her passion and life goal...
More about me