4.7 of 5stars51 Reviews

Finance Factory

  • Recommended Lender
    Recommended 94%
View Rates Write a Review

Lender Summary

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.

What they're saying

Ratings & Reviews
51 Reviews
  • Interest Rates
    Excellent
  • Fees & Closing Costs
    Excellent
  • Responsiveness
    Excellent
  • Customer Service
    Excellent

Review Breakdown

  • 5 Star
    (43)
  • 4 Star
    (5)
  • 3 Star
    (0)
  • 2 Star
    (0)
  • 1 Star
    (3)
Showing 1 star reviews | Show all reviews

Worst Customer Experience Even

To be honest, it may be a wonderful company. If you get an email from Paul Dickson, you might as well go somewhere else for your funding. Weeks without a response to emails after providing all of my family's tax documents. No information without me following up, and even then no response. This whole process has been really disappointing. I would give zero stars if I could.

Nathan from LEHI, UT

Reviewed in August 2019

WAS THIS REVIEW HELPFUL?
0 People found this helpful
2 People found this not helpful
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review
WAS THIS REVIEW HELPFUL?
0 People found this helpful
2 People found this not helpful
Do you want to flag this review?

All Credit cards high rates

I looked into this company as a source for a short term loan. I wanted a loan they wanted to get me a bunch of high interest credit cards and charge me 10% for something I can do myself. NO THANKS!

Todd from Dallas, GA

Reviewed in June 2018

WAS THIS REVIEW HELPFUL?
0 People found this helpful
1 People found this not helpful
  • LendingTree Customer:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review
WAS THIS REVIEW HELPFUL?
0 People found this helpful
1 People found this not helpful
Do you want to flag this review?

They only close 5%

Matt Sochurek ceo just emailed me on 1/17/17 admitting he only closes 5% or 200 of 4000 applications per month. Yet not one email or website i applied said that in big bold letters. If self employed dont waste time or data to finance factory they cherry pick best of best basically imho the ones who can afford to self fund their business and have better credit than me at 710 credit score and better than 80k gross income. Good luck getting 5 yr consolidation loan.

We appreciate your candor; however we were never able to speak with you on the phone to fully discuss our funding programs and qualifying parameters. Upon reviewing your credit and income, the Debt to income ratio was well above the acceptable threshold of 40% max for our lenders; in fact it was more than double. Lenders do not underwrite based off of gross income, they look at adjusted gross income and the tax return we reviewed showed a lot of expenses written off with very little add-backs. We strive to help as many clients as possible, but, unfortunately, more clients don't get funded than do. We wish we could've explained all of this to you on the phone and explored other potential funding options.

Jeremy from Lisbon, ME

Reviewed in January 2017

WAS THIS REVIEW HELPFUL?
3 People found this helpful
3 People found this not helpful
  • LendingTree Customer:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review
WAS THIS REVIEW HELPFUL?
3 People found this helpful
3 People found this not helpful
Do you want to flag this review?
×

Thank you for sharing your experience

Here are a few tips for writing a top-notch review for a company in our marketplace:

Do
Don't