Fundera Business Profile
Fundera Business Profile
Fundera Business Profile
Fundera is a marketplace that allows small businesses to compare different loan options. It is essentially a loan broker, one that is specifically designed to aid businesses in getting different types of financing. Think of Fundera as a loan matching service, which connects its business customers with third-party lenders.
The lending partners of Fundera are not, in most cases, traditional banks. The marketplace of the company covers different business loan products offered by a variety of lenders, like SBA loans, equipment financing, term loans, invoice financing, lines of credit, merchant cash advance, and so on. It matches borrowers who are looking for financing options from lenders. When a borrower and lender arrive at a loan agreement, Fundera gets its cut in the form of a “finder’s fee”, which is also known as a referral income. Fundera, Inc. owns the marketplace and is based in New York City. It was founded in the early 2010s.
The company has consultants that help borrowers explore and evaluate various financing options. They also help borrowers with the procedure of applying for a loan and submit people’s loan applications to lending partners who have a relationship with the company, and connect a business which seeks financing with multiple possible lenders.
