Finance Factory
Finance Factory is a full service business finance and consulting firm. Through our marketplace, we offer a full suite of financing programs and small business services nationwide. From our executives to our loan specialists, our entire team has the DNA of an entrepreneur. Our knowledgeable staff develops a funding strategy designed not only around your short term needs, but also your long-term vision. Whether you are a start-up looking for working capital, an existing business acquiring a competitor or purchasing new equipment, Finance Factory has options that will accomplish your goals at competitive costs.
94%
I was a little leery but Sam was professional and knowledgeable. This was a good experience and I would surely use their service again.
By: William
Mark was extremely helpful in explaining what we needed to do and provide in order to get the financing we were looking for.
By: Melissa
My first review was negative, but that was not accurate as I believe it was the one person I was dealing with in the beginning. Once I got connected to the team, I have been EXTREMELY impressed with how on top of the process this company is. Everything has been explained in great detail, and all of my information has been prompt.
By: Nathan
Sam Has been upfront, prepared and transparent. He also has shown patience and is working hard to deliver or me
By: keith
They were not pushy like most and were very easy to work with. I can’t wait to work with them again in my future!
By: Colby
Finance Factory is a business finance and consulting firm. They offer a variety of funding solutions for small businesses and entrepreneurs.
Based in Townson, Md., Finance Factory has facilitated over $100 million in funding across all 50 states.
They create individualized funding solutions, acting as an intermediary between small businesses and small business lenders.
Compare small business loan offers
Finance Factory bring borrowers and lenders together. The company works with lending partners nationwide to secure funding solutions based on their client’s individualized needs.
Starting a small business can be risky. Startups and small businesses often find it difficult to qualify for funding from a bank or credit union. Although there are different ways to fund a business, it’s likely that most business owners will need funding at one time or another.
Finance Factory compares loans, rates and terms with over 100 of their lending partners, bringing you the best possible funding solution for your needs.
Their team of professionals can walk any new or seasoned business owner through the funding process, start to finish. From educating you about the different types of funding available to securing the loan, they are there as a resource until you pay off the loan.
Finance Factory does not charge any upfront fees. You’re only charged a one-time percentage fee at closing, if you decide to secure a small business loan.
Some highlights of their program include:
Finance Factory offers a broad range of financing programs and services through their lending partners.
The company acts on your behalf to secure the right type of funding with favorable terms and low Annual Percentage Rates (APRs).
Loan terms and rates are based on each specific lender’s requirements. However, qualified applicants can expect to see terms and rates similar to those listed below.
| Finance Factory: At a glance | |||||
| Loan product | Loan amount | Loan term | APR range/ factor rate | Time to funding | |
| Business Express Loans | Up to $500,000 | Varies per lender | Varies per lender | 1 to 2 weeks | |
| Revenue Based Loans | $10,000 to $1 million | Repayment fluctuates based on generated revenue | Varies depending on lender, credit score, cash flow, health of business | As little as 48 business hours | |
| SBA Loans (504 & 7a) | $250,000 to $5 million | 10 to 25 years | 6% to 8% | 2 weeks to 2 months | |
| Startup Funding | Up to $350,000 | Unsecured personal and business financing terms varies per lender. | As low as 0% interest rate for up to 21 months. | Varies per lender. | |
| Franchise Funding | Varies | Up to 25 years | Variable rate of Prime at 6.25% – 7.25% plus 2.75% – 3.75% | Varies per bank. | |
| Business Credit Cards | Up to $200,000 | Varies per lender | Only pay interest on the money you use.
Introductory rates 0% to 3% for 6 to 12 months 7.9% – 19.9% APR |
As fast as 10 business days | |
| Equipment Finance | Start-up companies: $10,000 to $25,000
Existing business: Over $25,000 |
Varies per lender | Varies per lender | Varies per lender. | |
Rates current as of 6/16/2018
Securing a bank loan can be difficult for small or new business. In addition to the variety of funding programs, Finance Factory offers a Business Credit and Educational System to help businesses become bankable in order to secure funding from a bank in the future.
Funding obtained through Finance Factory is based on credit score and verifiable income. In order to pre-qualify, clients must have a credit score of 680 or higher with one of the three major credit bureaus — Experian, Equifax or TransUnion. In addition, your debt-to-income ratio must be below 30 percent.
Pre-qualification does not guarantee that you will qualify for a loan or be able to secure a loan. Each lending partner has their own loan program qualifications, terms and conditions.
For startup companies, at least one person, known as a guarantor, must meet the following criteria:
For established businesses to pre-qualify for additional funding, they must have a clean business history and need to provide business financials and history.
Once you decide to pursue funding through one of Finance Factory’s lenders, you’ll work with that lender to qualify for the loan. It is up to the individual lender to decide the type of businesses that are not eligible for funding.
In general, the following industries are considered high-risk in the lending world. Lenders are hesitant, and sometimes even prohibited, to lend money to high risk/cash intensive industries, such as.
During the application process, a funding specialist will work with you to determine the best financing options based on your business’s needs.
Once you’re pre-qualified through Finance Factory, they’ll work on your behalf to find the best available funding through their large network of lending partners.
In order to pre-qualify, you’ll need to provide the following information:
Documents to get pre-qualified
Once a lender is selected, the specific application process is based on each lender’s own requirements. For proof of identity, the program lender might ask to see a copy of your driver’s license or government issued identification.
| Pros | Cons |
| Wide variety of funding options | Addition of 9.9 percent closing fee on all loans |
| Individualized service | Strict pre-qualification standards |
| Zero upfront costs |
Finance Factory is an ideal solution for new business owners. They’ll navigate you through one of the most difficult and confusing aspects of opening a business — funding.
Additional closing fees, maintenance fees or management fees are based on the individual lender.
It’s important to work with your Finance Factory representative and the lender to ensure you understand every aspect of the loan prior to signing on the dotted line.
Starting your own business can seem overwhelming. Funding Factory is there to help ease the burden of shopping around for the best available funding options, rates and terms.
Their staff is extremely knowledgeable about the wide variety of product offerings from their lending partners. With no upfront fees or costs, there’s no reason you shouldn’t call Finance Factory. They’ll do the heavy lifting for you.
