Fundwise Capital Review (2024): Should You Use To Fund Your Business?

Fundwise Capital At A Glance

Fundwise Capital is a Utah-based financial services company. The problem is that they don’t loan out startup funding. As a result, they employ a staff of people that work around the clock to link consumers with third-party lenders.

In a sense…they’re like a high-level middleman company.

Wait…so how do they make any money if they’re not lenders?

Great question!

Fundwise Capital actually makes money based on the fees it charges to Fundwise clients, Fundwise partners, and their credit counseling program.

Alright, so Fundwise doesn’t exactly fit into a nice category.

A high-level middleman is a… unique way to think about making money.

It’s certainly possible to make money with off-the-wall businesses like this, but unless you’re interested in taking years out of your life to experiment with an unproven business model, I would look elsewhere.

My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.

There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Rental Method program

But, if you’re hard-pressed to jump head-first into an off-the-wall business model, let’s continue on to our full breakdown of Fundwise.

Who Is Fundwise Capital For?

A wide range of individuals, from small company owners and real estate investors to start-ups and entrepreneurs. To help you realize your ideas, they offer access to many lenders and capital funding companies.

Whether you are a new business owner or a seasoned veteran in real estate like Grant Cardone, I would recommend looking at Fundwise Capital and what they have to offer.

After all, they’re almost always able to connect you with those who have the funding you’re looking for.

What Services Does Fundwise Capital Offer?

Business Credit Cards: A personal credit card and a business credit card are quite similar. Certain restrictions are different, but mostly it is the same. The greater credit limits and stronger rewards programs offered by corporate credit cards should not be overlooked.

Installment Loans: This is probably the least complex of the three. Installment loans are loans in which the lender provides you with one lump sum, and you pay off the loan by making payments on an agreed-upon schedule with interest.

Lines Of Credit (Business Credit & Personal Credit): A line of credit is established for either you personally or your business. You can borrow up to the amount established on the line. Generally speaking, you only have to pay the interest rate on your borrowed amount.

What Do I Need To Qualify?

Here are the borrower qualifications for Fundwise:

Time In Business: None

Credit Score: 680

Revenue: N/A*

*Your personal income is taken into account.

Terms & Fees Rating:

Customer acquisition of desired money is made simple by Fundwise capital. Their rating is 5 out of 5 stars.

Lines Of Credit

Here’s what you can expect from a line of credit through Fundwise Capital:

Credit Limit: $25,000-$300,000

Term Length: 6-18 months

Interest Rate: 0% for 9-15 months, 1%-2%/month after

Other Fees: $500 + 9% approval fee

APR: 0% for 12 months

Collateral: N/A

Fundwise Personal and commercial capital lines of credit are two examples of this kind of facility. But to receive business credit, your company will need to have been around for some time. Amounts depending on your income will be provided to those who do not qualify for the program.

This can be frustrating for people that are first-time business owners.

Personal and business lines of credit are an agreement between a lender and a business owner where the business owner can borrow money up to an established credit limit. There is no lump sum given.

Also, you only have to make payments on the money that you borrowed. Fundwise Capital can connect you with different lenders that offer both revolving and non-revolving lines of credit.

Revolving lines of credit are similar to credit cards because the more you pay down on your credit limit, the more that will open back up for use.

Fundwise Capital lines of credit also come with additional perks compared to other companies. For one, they offer 0% interest for a year! This is a great option for new small business owners and real estate investors!

Installment Loans

Installment loans may also be found via Fundwise’s capital, although the conditions aren’t as clear as I’d like to see.

Borrowing Amount: $25,000-$300,000

Term Length: 3-7 years

Interest Rate: 0%-15% on first 9-15 months

Other Fees: $500 + 9% approval fee

APR: 6%-23%

Collateral: N/A

Installment loans, term loans, medium-term loans, and long-term loans are your stereotypical loan types. These loans typically last several years, accumulate interest, and are paid back monthly.

The Fundwise Capital advantage is that they actually negotiate even lower interest rates for their clients! This means, at best, you could receive zero percent interest rates for up to 2 years!

If you have a good personal credit score…this could be a great to acquire business funding, especially since they take care of the details that go along with the funding process for you!

As with the personal lines of credit and business lines of credit listed above, these loans are unsecured, which means you don’t need any collateral.

Business Credit Cards

It’s possible to receive a business credit card with Fundwise Capital, no matter how large or small your company is.

Now even though credit cards aren’t really the best way to cover business financing early on because of the balance transfer in your account becoming more expensive than most loans, it can be a great idea for those who can pay things off quickly.

But how quick is quick?

Business credit cards typically allow for a 21 grace period, and if you pay off your business credit card within that time frame…you won’t have to pay any business financing at all, yep, 0 interest.

Perhaps the best thing about a business credit card is that you can actually accumulate points and save money through their rewards system!

Important: A business credit card will come with an annual fee somewhere between 15-25%. However, most companies, especially those offered through Fundwise Capital, waive the first year with 0 interest APR for 12 months on purchases and any balance transfer.

What Is The Application Process Like For Fundwise?

Rating: 4/5

You may begin the application process on Fundwise Capital’s website, fundwisecapital.com. Depending on the financial product you’re searching for, your credit rating will play a role. The amount of weight your credit history has in the approval process will be determined by the kind of company finance you are applying for. The credit rating is crucial when it comes to raising finance.

To get capital, Fundwise requires you to open a credit monitoring account and ask to see said credit monitoring results. Even though that may be a little unusual, it helps from having to do a hard pull on your credit!

Along with the credit monitoring account, Fundwise Capital may also ask you to provide proof of income.

According to Fundwise Capital, you can receive your funding within 10-21 days. Honestly, that funding process is a bit slow for an online loan lender.

Overall the application process for a loan, lines of credit, personal credit cards, and credit cards for business is smooth. Fundwise capital acts professional from the first phone call when they make sure their options are a good fit for you!

Transparency Rating: 3/5

As a result of their website’s lack of promotion, Fundwise Capital has an unusual offering. In addition to displaying several “best-case scenarios,” after financing, they may offend a prospective client with their too optimistic portrayals of the future.

If there were something I could recommend Fundwise Capital do to their website, it’d probably be to put more information out there…especially in the lines of credit limit and credit card sections.

That being said, Fundwise provides enough information for potential clients to get a decent handle on the services offered that will ensure they won’t have too many questions on how to secure funding.

Customer Service, Technical Support, And Facebook!

Fundwise has multiple ways that you can get into contact with them. They can be reached on their website, by phone, by email, and even on all the big social media platforms, including Facebook, Twitter, LinkedIn, YouTube, and Instagram!

You can rest assured that any questions you may have can be found or answered using any one of these platforms!

Even though this option isn’t really supported…they offer a customer the ability to go through their credit counseling service if the credit monitoring account, credit reports, or initial credit report wasn’t satisfactory for business funding.

Fundwise Capital Reviews: Is Fundwise A Scam?

Time for the $1,000,000 question: is Fundwise actually a scam?

I wouldn’t technically call it a scam, though others might.

It’s technically possible to make money with this program, so in that sense, it isn’t a scam.

What I’m saying is: after buying, someone will, in fact, send you a login to a website where you can actually view their material. No one is riding off into the sunset with your money, leaving you empty-handed… technically speaking.

But the second, more important question is: is Fundwise actually worth the investment?

My honest answer is that for most people out there, probably not.

There are countless other business models that are proven & easily scalable, so why risk it for… not an incredibly huge payoff?

I’d rather have a program with thousands of successful students & plenty of room for others to join.

If you’ve followed my blog for long, you know I recommend a few different programs depending on your skills & goals.

My current top choice is using the Digital Rental Method, because you have a proven, systematic path to 6-figures, and you can do it from anywhere you want.

I’ve got friends in there who are posting deals from the middle of the woods in a camper-van with their pet pig… which is pretty cool.

Do I Recommend Fundwise?

After my review team has done thorough research on everything Fundwise, I can say that I do recommend them if you absolutely have no other business funding options.

Many of their clients have great things to say, according to customer reviews! The only common complaint I found was the lack of advertising and information I have already mentioned above.

Another common complaint, however, was the high credit requirements. This is worth noting because if business owners have high credit…they could probably just get a lower-cost SBA loan.

That being said, an SBA loan can take a bit longer to get qualified, especially with the pandemic and everyone hurting.

So although it might make more sense for a business with good credit reports, credit profile, and credit score to go with an SBA loan…it might just be a quicker option to go with Fundwise than the SBA, that’s a bit tied up at the moment.

What Is My #1 Top Recommendation In Making Money Online In 2024?

Alright, time for me to get real with my lovely readers for a moment:

I’ve personally tried all of the major online business models:

• I’ve sold fidget spinners through Amazon FBA
• I’ve drop-shipped a toilet bowl putting green on Shopify
• I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

THAT BEING SAID: I would recommend you implement something that is tried and true because I’ve seen TOO MANY people (including friends and family) get burned by stuff like Fundwise.

They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.

I’m not saying Fundwise itself is a piece of trash; I’m just saying you need to be very, very careful.

This is a big reason why I only recommend proven, tried, and true business models, like Lead Generation & Ad Agencies.

There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Rental Method program.

Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.

I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.

Here’s Why:

1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.

using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.

These Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.

Best case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”

3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with a high-level middleman, you would need to double your time negotiating with potential customers to get loans. And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4)You’re Helping REAL People: My biggest gripe with a high-level middleman is that you’re basically only helping yourself.

But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other off-the-wall business models like Fundrise and maybe hit it big one day.

You could keep researching and researching for the next few months (or a few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.