FundIt Review

FundIt is a Florida-based lender that specializes in financing solutions for small businesses. The company’s leaders are proven innovators in multiple enterprise fields. They have backgrounds in everything from banking and technology to marketing and real estate. This breadth of knowledge has helped the company craft a niche set of practical loan programs for entrepreneurs.

In this review, we’ll focus on FundIt’s business loan programs. We’ll look at the variety of business loans available and what to expect if you use its services.

Pros and Cons of FundIt



What Does FundIt Offer?

FundIt provides a variety of loans and financing solutions to businesses:

Short-term loans

Short-term loans provide fast solutions to pressing financing needs. They come with repayment periods of 3-36 months. Amounts start at $1,000 and go up to $5 million.

Business term loans

Business term loans match your funding needs to a tailored loan program. Loan terms range from 3-24 months. Borrowers can access as little as $4,000 or as much as $1 million.

Business lines of credit

Business lines of credit are ideal for customers in need of revolving credit solutions. Borrow only what you need when you need it and enjoy the security of having extra cash available. Terms range from 1-36 months. Credit limits start at $1,000 and go up to $1 million.

Merchant cash advances

Merchant cash advances are designed for retail businesses. You pledge a small percentage of your future card-based transactions in exchange for upfront financing. The arrangement continues until you repay the advanced sum, plus interest and fees. Terms range from 3-24 months, and retailers can receive $4,000 to $1 million in cash.

Accounts receivable funding

Accounts receivable funding allows you to “sell” the right to collect outstanding debts for a percentage of the debt’s book value. FundIt’s accounts receivable loans carry repayment terms of 3-24 months. Funding starts at $4,000 and goes up to $1 million.

Working capital loans

Working capital loans are short-term financing solutions for covering day-to-day expenses. You can borrow as little as $4,000 or as much as $1 million. Repayment terms range from 3-24 months.

Commercial mortgages

Commercial mortgages are property financing solutions for enterprise borrowers. They cover the costs of buying land and/or buildings, expanding current facilities, or constructing new ones. Terms range from 1-25 years. Customers can borrow amounts starting at $500,000 and maxing out at $30 million.

Equipment financing

Equipment financing is a specialized type of funding that uses the equipment you purchase as collateral for the loan. FundIt offers equipment financing terms from 3-24 months, and customers can borrow $4,000 to $1 million.

SBA loans

SBA loans are financing programs for entrepreneurs backed by the U.S. federal government. FundIt is an authorized provider of SBA loans. Borrow up to $5 million and repay it in 10-30 years.

What To Expect on the Site

Your FundIt website experience begins with a simple four-part questionnaire. It asks the following questions:

Having this information on hand when you request a quote will make the process even smoother. One note: If you don’t see your intended purpose in the provided list, then you can choose “other.” It’s also worth noting that you don’t need to provide your exact credit score — just a range. At this point, FundIt does what’s known as a soft pull of your credit report. So, your score won’t be affected by requesting a quote.


FundIt doesn’t openly publish details about its interest rates or other fees. Instead these details are made available when you create an account and complete the quote request process. However, the company does offer general interest rate ranges for several of its financing solutions. Here’s what they say as of November 2021:

Your actual rate will depend on multiple factors, including:

The Bottom Line

FundIt offers a very complete lineup of business financing solutions. So, borrowers have a great deal of valuable flexibility. The company also considers low credit scores, which is a plus for credit-challenged business owners. One major advantage is the speed at which the company releases funding. In many cases, customers receive their money the same day they were approved. This makes FundIt well worth considering when you compare top business loan lenders.