Fundera, Inc. (dba NerdWallet Small Business) (“we” or “us”) is a Delaware corporation with its principal place of business located at 55 Hawthorne Street, 10th Floor, Suite 1, San Francisco, California 94105. We are a digital hub for small to mid-sized businesses (“SMBs”) providing educational content, informed product comparison, and product marketplaces relevant to SMBs. We are currently accessible online at www.fundera.com and www.nerdwallet.com/hub/category/small-business (the “Sites”). Our service seeks to help SMBs review business financing products and offers in a marketplace, and compare lending options that may meet the business’ needs. We do not make credit decision, fund loans, service loans or other similar business financing products. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information from you in order to complete your loan or financing application. We do not enter into loan brokerage contracts with users, and we do not own or hold your loan or account. We do not charge users a fee to use these services.
Please see our Terms of Service for additional information. Pursuant to the Terms of Service, by using the website and services, the disclosures and consent required under certain state laws are deemed to be provided, received, and agreed to.
STATE LICENSES
California
California Department of Financial Protection and Innovation, Finance Lender License #603L288
Nebraska
Nebraska Loan License #1240038
New Mexico
New Mexico Small Loan Company License #02383
IMPORTANT CONSUMER INFORMATION
This website contains some common terms and definitions, which are intended to help you better understand your credit transaction. Credit costs money, so it is important that you fully understand the terms of your credit transaction. If you come across terms you do not understand, look up the terms, or ask our personnel to explain the terms to you. Ask questions. Make certain the questions that you ask are answered. Make certain you understand the terms and costs of your loan.
Common Terms and Definitions
Equal Credit Opportunity Act (ECOA): A federal regulation which requires lenders to promote the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract); to whether all or part of the applicant’s income derives from a public assistance program; or to whether the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The regulation prohibits creditor practices that discriminate on the basis of any of these factors.
Contract: A written binding document, describing terms of an agreement between two or more persons. (Keep all paperwork. Later, if there are any questions, you will have your agreement in writing.)
Annual Percentage Rate (APR): The cost of your credit as a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. It is intended to provide a single value for a consumer to compare the cost of credit between one lender and another. Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred seventy-five percent, effective January 1, 2018.
Finance Charge: The dollar amount the credit will cost you. Finance charges include interest, and may also include transaction fees and service fees.
Principal: The amount of money owed on a debt, on which interest is calculated.
Interest: The cost of borrowing money, generally a percentage of the amount owed.
Balance: The total amount of money owed to a lender.
Default: Failure to pay a debt as agreed to on a contract. When a loan is in default, the lender may demand full payment of the remaining debt.
Collateral: Security pledged by a borrower to protect the interests of the lender; in case of default, the lender may take ownership of the security, if any, pledged by the borrower.
Credit Bureau: A private company that keeps a record of your credit history for distribution upon request by authorized parties. When you apply for credit, a lender may request a credit report to review when considering your application.
Credit History: A record containing information about you, including your payment history on previous debts.
Credit Report: A report of the credit history and other information about you that is kept by credit bureaus, which may include: your name, address, social security number, payment history (good and bad), current and previous debts, employers, income, etc. Accurate information on a credit report may not be legally removed. Incorrect information may be removed by disputing the information to the credit bureau involved.
This provider is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website: https://www.rld.nm.gov/financial-institutions/.
North Carolina
North Carolina Loan Broker Registration No. 182
As required by North Carolina law, Fundera, Inc. has secured a bond by International Fidelity Insurance Company, a surety authorized to do business in North Carolina.
North Dakota
North Dakota Money Broker License #MB103915
NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS, CONSUMER DIVISION, 2000 SHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204.
THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS HAS NOT PASSED ON THE MERITS OF THE CONTRACT AND LICENSING DOES NOT CONSTITUTE AN APPROVAL OF THE TERMS OR OF THE BROKER’S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS.
Rhode Island
Rhode Island Loan Broker License #20224395LB
Utah
Commercial Financing Registration, May 2023
Vermont
Vermont Loan Solicitation License #LSO-1240038
OTN License #LSO-1240038
Disclosure to Vermont Customers:
THIS IS A LOAN SOLICITATION ONLY. FUNDERA, INC. IS NOT A LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
Fundera, Inc. does not make credit decisions. Rather, we connect you with commercial financing lenders and providers that may meet your needs. We forward your information to a commercial financing provider or lender you wish to contact so that they may contact you directly.
Virginia
Sales-Based Financing Broker Registration #BAN20230107
PLEASE PRINT AND RETAIN A COPY OF THIS AGREEMENT FOR YOUR RECORDS.