Best Reviews TopConsumerReviews.com Best Business Loans Best Reviews
Best Reviews
      November 20, 2018

Home  >  Business Loans  >  Fundia vs Capital Loan Hub

Best

Business Loans

  1. Funding Circle
  2. LendingClub
  3. LendingTree
  4. Kabbage
  5. Fundia
  6. Balboa Capital
  7. Nat Business Capital
  8. CAN Capital
  9. Advanced Comm Capital
  10. Capital Loan Hub

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Guitar Lessons

Hair Loss

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Individual Reviews

On Deck

Funding Circle

LendingClub

Lending Tree

Kabbage

Fundia

Balboa Capital

National Business Capital

CAN Capital

Advanced Commercial Capital

Capital Loan Hub

 

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

Better Business Bureau Reliability Seal

Fundia vs Capital Loan Hub

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of Fundia and Capital Loan Hub.

To see ALL of our reviews for the Best Business Loans, please Click Here

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Continue reading below reviews

Best Reviews

2018

Business Loan Reviews

4 stars
Fundia

FUNDIA Visit Site

Based in Utah, Fundia Credit & Capital focuses on small business lending and is one of the few companies in our review who include startups in their group of potential borrowers. Focused entirely on small businesses, including entrepreneurs, their desire to help their borrowers succeed is evidenced by the 12 months of free counseling they provide in order to help their customers effectively manage their credit lines.

Borrowers can receive a loan of up to $200,000 with same-day approval. Unfortunately, there is nothing on Fundia's site that allows prospective borrowers to get even an estimated loan amount or an interest rate, so it is difficult to compare Fundia with other lenders in our review, with respect to affordability.

One significant difference in the Fundia process is the requirement to sign up for a credit score report through Credit Check Total (which costs $1). Applicants can either provide their Credit Check Total login information or upload a PDF of the score report. Once the applicant has entered their basic business information and total desired loan amount, along with the credit score report, he or she can be pre-approved for the Fundia process. Because Fundia doesn't require security in the form of collateral, such as real estate or equipment, they do expect at least one of the business partners (either the borrower or another partner in the business) to have a credit score of 680 or higher.

Despite a relatively short history - having been established in 2015 - Fundia is an accredited business with the Better Business Bureau, with not only an A rating but also eight positive customer reviews and no negative ones. While the lack of any detailed information regarding interest rates or fees makes it hard to determine Fundia's ranking on an apples-to-apples basis with other lenders, we're very impressed with their positive reviews with the BBB and their willingness to not only lend to startups but to partner with them to help them succeed. We give Fundia four stars, and would easily raise that score if more detailed information regarding rates and fees proved to be competitive with other lenders in the business loans market.

Visit Site

1 star
Capital Loan Hub

CAPITAL LOAN HUB Visit Site

CapitalLoanHub claims to connect businesses with lenders for no-collateral business loans up to $500,000. While this may be accurate, we found too few details about CapitalLoanHub to know if they are a trustworthy partner for a process that involves such a large amount of money and personally identifiable information.

For example, most reputable lenders and referral services have multiple ways to communicate, whether that's via live online chat, a toll-free number, or all of the above. The only contact methods offered by CapitalLoanHub are an online contact form and an email address - despite being told in the FAQ that prospective customers can call or visit one of their storefronts with any questions. Given that they list their physical address as being on the island of Nevis in the Caribbean, we feel that most American-based businesses will be uncomfortable sharing their private information with CapitalLoanHub, even just to be connected with another (hopefully reputable) lender. There is no guarantee that their information will be kept secure during the process of matching them with possible sources for a business loan.

Even on CapitalLoanHub's “Do I Qualify?” page, there are no specifics as to their lenders' requirements. Do businesses have to be in operation for a certain length of time, have a minimum level of monthly income, or provide a Social Security Number for at least one of the applicants? There's no way to know without providing information; even the “Get Started Now” form has options ranging from “not yet in business” to “5 or more years” time in business, but many business loans are not offered to startups or newer companies.

With so little to prove that CapitalLoanHub is a reliable source for business loans, we can only give them a low rating at this time. We believe you'll have a much more secure and successful process in obtaining your next business loan with one of the higher-rated lenders in our review.

Visit Site

Continued from above

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!

ApplePie Capital Milestone: Surpasses $300 Million in Franchise Business Loans

ApplePie Capital announced on Monday it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses. Founded in 2014, ApplePie Capital describe...

Published:  Mon, 19 Nov 2018 08:13:00 GMT



Federal Home Loan Bank of New York Awards $44.3 Million For 49 Affordable Housing Initiatives

"At the Federal Home Loan Bank of New York, our housing mission is central to both our business and our culture," said Mr. Gonzalez. "For nearly 30 years, our Affordable Housing Program has provided o...

Published:  Mon, 19 Nov 2018 10:44:00 GMT



Black Friday Is Breathing Life Back Into the 0% Auto Loan

The zero-percent auto loan is making a comeback ... "We have record-low unemployment, consumer confidence is high, small-business confidence is high and median household income is rising after being s...

Published:  Mon, 19 Nov 2018 03:00:00 GMT



GE Capital sells $1.5B loan portfolio

TIAA Bank acquired a $1.5 billion portfolio of medical equipment leases and loans from GE Capital, with the companies not disclosing immediately what TIAA paid. The portfolio includes loans and leases ...

Published:  Mon, 19 Nov 2018 11:00:00 GMT



Federal Home Loan Bank of Chicago Announces $125,000 in Financial Assistance for Flood-Hit Communities in Central Wisconsin

CHICAGO, Nov. 19, 2018 /PRNewswire/ -- The Federal Home Loan Bank of Chicago (FHLBank Chicago) is providing up to $125,000 in financial assistance for communities in Central Wisconsin affected by ...

Published:  Mon, 19 Nov 2018 10:00:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure