Fundation Review
Compare the Fundation to small business lenders Kabbage and OnDeck and see company info, rates, fees, and customer feedback. Includes FAQs.
Updated on June 30th, 2022
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Fundation provides business loans and other financial services to small and medium sized businesses.
Rates:
Loan Type | Loan Amount | Interest Rate | Terms |
---|---|---|---|
Term loan | $20,000 - $500,000 | From 7.99% to 29.99% | 1 – 4 years |
Line of Credit | $20,000 - $150,000 | From 7.99% to 29.99% | New balance after each draw is amortized in equal installments over 18 months |
Review:
Fundation has fairly stringent qualification requirements, making it a less than ideal option for very small businesses and startups. It is, however, an attractive option for established businesses, offering very competitive rates and very few additional fees. While the application process can be lengthy, customers report that loan approval and funding is very speedy.
Pros:
- Competitive fees and terms.
- No prepayment penalties.
- No specific collateral is required.
Cons:
- Stringent borrower requirements.
- Lengthy application process.
- Do not offer loans in Nevada.
Reputation:
Fundation is BBB accredited and has been given an A+ rating by the bureau. According to Fundation customers, Fundation is completey transparent about their rates and fees, offers good customer service, and has a very efficient and speedy funding process.

Fundation vs. Kabbage:
Fundation and Kabbage both offer lines of credit, but only Fundation also offers term loans. Comparing lines of credit, Kabbage offers a larger maximum amount and has more lenient qualification requirements than Fundation.
Fundation vs. Kabbage Comparison:
Offer | Fundation | Kabbage |
---|---|---|
Loan Type | Line of credit | Line of credit |
Max. Loan Amount | $150,000 | $250,000 |
Terms | 18 months | 6, 12, or 18 months |
Interest Rate | From 7.99% to 29.99% | Monthly fees from 1.25% to 10% (no origination fee) |
Min. Credit Score | 600 | 560 |

Fundation vs. OnDeck:
Fundation and OnDeck both offer term loans up to $500,000. OnDeck has modest qualification requirements compared to Fundation and offers features for added convenience, such as a mobile app and loan calculator tool.
Fundation vs. OnDeck Comparison:
Offer | Fundation | OnDeck |
---|---|---|
Loan Type | Term loan | Term loan |
Max. Loan Amount | $500,000 | $500,000 |
Terms | 1 - 4 years | 3 - 36 months |
Interest Rate | From 7.99% to 29.99% | From 11.6% |
Min. Credit Score | 600 | 600 |

Fundation vs. Accion:
Both Fundation and Accion offer competitive rates. Fundation offers larger loan amounts than Accion but also has more stringent qualification requirements. Unless you require quite substantial amounts of funding, Accion presents the better option, being more accessible and providing access to additional resources and support for small businesses.
Fundation vs. Accion Comparison:
Offer | Fundation | Accion |
---|---|---|
Loan Type | Term loan | Term loan |
Max. Loan Amount | $500,000 | $250,000 |
Interest Rate | From 7.99% to 29.99% | 7% - 34% |
Min. Credit Score | 600 | From 525 - 575 (can vary by state) |
At a Glance:
Lines of Credit | Yes (Up to $150,000) |
Term Loans | Yes (Up to $500,000) |
Interest Rates | 7.99% to 29.99% |
Min. Credit Score | 600 |
Customer Support | Phone and email |
Key Information:
Legal Name | Fundation Group LLC |
Founder | |
Founding Date | Sep 01, 2011 |
Address | 11501 Sunset Hills Road, Suite 100, Reston, VA 20190 |
Number of Employees | 100 |
Number of Customers | 25 |
Telephone | |
Website |
FAQs:
How much are the fees for a Fundation loan?
For a term loan, you pay an origination fee of up to 5%, which is deducted from your net proceeds. For a line of credit, you pay a $500.00 closing fee and a 2% draw fee, deducted from each draw. Their annual percentage rates range between 7.99% and 29.99%.
What is the Fundation Group?
The Fundation Group is a credit solutions provider that serves SMBs, ranging from regional banks to B2B companies.
How do I qualify for a Fundation loan?
You should be in business for at least one year and have at least three employees, along with a good personal credit score and at least $100,000 of annual revenue. No specific collateral is required.
Where is the Fundation headquarters?
The Fundation Group LLC's address is 11501 Sunset Hills Road, Suite 100 in Reston, Virginia.