Finance Factory is an online business finance consultant that offers brokerage and educational services. If they secure funding for your business, though, you will have to pay them for their services, on top of any fees and interest the direct lender will charge you.
Finance Factory’s Unsecured Business Finance program is FICO driven and designed for credit worthy applicants. With the Unsecured Business Finance offering, collateral is not required, but a good credit score is necessary to qualify.
Loan amounts
$50,000 to $250,000
Loan term
Revolving credit accounts
Interest rate
0% for up to 21 months
To qualify, you must provide:
Ideal annual revenue
$0
Ideal credit score
600 to 800
Time in business
No time in business required
Loan amounts
$5,000 to $350,000
Loan term
0 to 7 years
Interest rate
0% (for up to 21 months) to 15%
To qualify, you must provide:
Ideal annual revenue
None is required
Ideal credit score
680 to 800
Time in business
None is required
Alongside the more general information included above, to be eligible for consideration, you will have to provide the following documentation.
If you’re considering taking out a Finance Factory loan, this is everything you need to know about their application, underwriting, post-funding, and repayment processes.
As with most online lenders, the initial step toward funding with Finance Factory will be an online application. However, with Finance Factory’s online application, you will have to fill out a lot more information than you would with other online lenders—especially in the first step. With the first page of their application application, Finance Factory asks you to self-report the following information on yourself and your business:
And you’re not even finished after you’ve provided this information—the next page will ask for contact and identification information like your name, business name, home address, email, and phone number. Plus, they’ll ask you to upload documents like credit reports or bank statements before you submit this second page. To say the least, the Finance Factory application certainly isn’t the most streamlined on the market.
After you submit your application to them, Finance Factory reviews your information and then checks which of their funding options are available to you. They offer everything from personal loans to credit line builders to SBA loans, so there will more than likely be an option for you.
If you accept an option that Finance Factory is able to offer you, they’ll then undergo formal underwriting to verify your credentials before funding you. In the case of the credit line builder, they will reach out to banks to apply for credit card accounts on your behalf and stitch together a combined credit line for your business. The Finance Factory website says that they are able to fund within 48 hours, though they don’t specify which of their products fund the quickest.
Because Finance Factory funding is so diverse, their post-funding experience will be a completely mixed bag. You’ll want to confirm what the post-funding process looks like for the specific product you’re interested in when working with Finance Factory.
On their website, Finance Factory says they’re able to offer 0% intro APR for up to 21 months through the Unsecured Business Finance product and 0% (for up to 21 months) to 15% for the Startup Funding product, so you might be able to access long-term, low-cost financing if you have stellar personal credit.
That said, if you’re unable to pay off your entire balance each month, which is likely for such a huge credit line for a new business, your personal and business credit scores could suffer.
You can contact Finance Factory customer service by calling (800) 691-6727 or by chatting with their support team via the support pop-up on the website.
For the most part, Finance Factory reviews from customers are actually pretty glowing. Finance Factory reviews on their BBB profile give them 5/5 star and LendingTree has named them top three in customer satisfaction for business loans. If you’re one who lends a lot of weight to customer reviews, Finance Factory should be a top contender in your search for funding.
That said, there are still a few Finance Factory complaints to be read on the internet. In fact, many Finance Factory complaints center around their credit line builder product. Essentially, customers report that Finance Factory charges applicants 10% of the credit limit they’re able to secure on their behalf. And, in all reality, you could feasibly access the same funding that a credit line builder provides for free on your own. Many complaints against Finance Factory focus solely on this frustration.
Fundera Score
![]() | ![]() | ![]() |
OnDeck | Credibly | BlueVine |
Fundera Score 5
| Fundera Score 4
| Fundera Score 5
|
Products OfferedTerm loan; lines of credit | Products OfferedWorking capital loans | Products OfferedInvoice factoring; lines of credit |
Interest ratesStarting at 29.9% | Interest ratesFactor rates as low as 1.15 | Interest ratesStarting at 0.25% per week; Starting at 4.8% |
DisclosureRates based on loans originated in the half-year ending March 31, 2022 | Minimum credit score required500 | Minimum credit score required530; 650 |
Minimum credit score required625 | ||
![]() |
OnDeck |
Fundera Score 5
|
Products OfferedTerm loan; lines of credit |
Interest ratesStarting at 29.9% |
DisclosureRates based on loans originated in the half-year ending March 31, 2022 |
Minimum credit score required625 |
![]() |
Credibly |
Fundera Score 4
|
Products OfferedWorking capital loans |
Interest ratesFactor rates as low as 1.15 |
Minimum credit score required500 |
![]() |
BlueVine |
Fundera Score 5
|
Products OfferedInvoice factoring; lines of credit |
Interest ratesStarting at 0.25% per week; Starting at 4.8% |
Minimum credit score required530; 650 |
Finance Factory is not in Fundera’s Lender Network. The Fundera team carefully vets all of the lenders in our network, and have determined that Finance Factory either doesn’t have the technology to work with Fundera or does not offer a financing product that competes with the other lenders in its product class. We suggest considering another lender in this product class.
See if you qualify for similar products in Fundera’s Lender Network.
Jacqueline DeMarco is a writer and editor based in Southern California. She has written on everything from finance to travel for publications including LendingTree, The Everygirl, Coveteur, and Apartment Therapy, among others. In her spare time, she enjoys traveling, especially if going somewhere she can spend time with animals.