4.6 of 5stars59 Reviews

Finance Factory

  • Recommended Lender
    Recommended 93%
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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
59 Reviews
  • Interest Rates
    Excellent
  • Fees & Closing Costs
    Excellent
  • Responsiveness
    Excellent
  • Customer Service
    Excellent

Review Breakdown

  • 5 Star
    (50)
  • 4 Star
    (5)
  • 3 Star
    (0)
  • 2 Star
    (0)
  • 1 Star
    (4)

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.
  • LendingTree Customer:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review

Effective process, great experience

I researched a couple of companies that obtain financing using similar methods as Finance Factory and found the FF rates were the best. At first I was hesitant about the process but after speaking with Matt, Dan, Elsi and Michael I felt at ease and in good hands. The FF team was able to obtain financing that will allow me to start my own business and achieve my dreams! They have also been available to answer questions after my financing was finalized. This process was efficient and effective, as was the communication throughout the process. Thank you to the Finance Factory team for your knowledge and results!

  • LendingTree Customer:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review

5 Stars For this Great Company

They were extremely professional as they guided me through a process that would have been extremely complicated without their knowledgeable staff. I was given a whole team to work with. They provided me an essential solution to my start-up capital needs at a time when I felt like I had no way to get money! Thank God for Finance Factory.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Small Business Loan
  • Review Type:

    Lender Review
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Finance Factory

Customer Satisfaction rating is based directly on customer ratings and reviews. Customers rate lenders on their customer service, interest rates, fees and closing cost and overall experience.

LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
    Certified Lenders have demonstrated their organizational commitment to employee development, at least 50% of their loan professionals have been certified while also providing exemplary service to LendingTree consumers.

Loan Officer Certifications:

  • Gold Leaf
    Gold Leaf is the cornerstone of the loan officer certification program and is designed to recognize loan officers committed to their own professional development while adhering to LendingTree best practices. Gold Leaf recipients know the fundamentals of LendingTree and online lending, they are equipped with the necessary skills to be best-in-class loan professionals.
  • Certified President's Club
    President’s Club is presented to an elite group of loan officers based on success levels in several areas including adherence to LendingTree best practices, commitment to professional development and dedication to customer excellence. Recipients have also met all Gold Leaf criteria.

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