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 March 19th, 2022

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Fundation provides business loans and other financial services to small and medium sized businesses.

Also Consider

Small Business Loans

Low interest rates whether for loans from $6,000 or $250,000.

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Prime Business Loans

SBA Loans

Working Capital

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 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 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
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

Sam Graziano

Founding Date

Sep 01, 2011

Address

11501 Sunset Hills Road, Suite 100, Reston, VA 20190

Number of Employees

100

Number of Customers

25

Email

info@fundation.com

Telephone

1 (888) 390-0064

Website

https://fundation.com/

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.