COMPARISON
Banked.fyi vs Fundera
An honest comparison to help you choose the right business funding partner for your needs.
✓ Unbiased Analysis✓ Real User Feedback✓ Updated December 2025
OVERVIEW
At a glance
B
Banked.fyi
RECOMMENDEDA modern business funding marketplace that connects you with 75+ lenders for the best rates and terms. Transparent pricing, fast approvals, and dedicated support.
Highlights
- No hard credit pull to check rates
- Access to 75+ lenders in one application
- Same-day funding available
- Transparent fee structure
- US-based support team
F
Fundera
Est. 2014Fundera (now part of NerdWallet) is a lending marketplace that helps small businesses compare loan options from multiple lenders.
Pros
- Multiple lender options
- Educational resources
- Wide range of products
- NerdWallet backing
Cons
- Not a direct lender
- Variable experience
- May take longer
FEATURES
Feature comparison
| Feature | Banked.fyi | Fundera |
|---|---|---|
Soft Credit Pull to Check Rates See rates without impacting your credit score | ||
Same-Day Funding Get funds deposited the same day you apply | ||
Multiple Lender Options Compare offers from multiple lenders | ||
Bad Credit Accepted Options for credit scores below 600 | ||
No Collateral Required Unsecured funding options available | ||
Transparent Pricing Clear fee structure with no hidden costs | ||
Dedicated Advisor Personal support throughout the process | ||
Maximum Loan Amount Highest available funding | $5,000,000 | $5,000,000 |
Minimum Credit Score Credit requirements | All credit types | 550+ |
Time in Business Required Minimum operating history | 3 months | 6 months |
APR Range Interest rate range | 7.5% - 45% | 6% - 99% |
Funding Speed How quickly you can get funded | Same day - 7 days | 1-14 days |
Rate Competitiveness How competitive are the offered rates | 4.5 | 4.0 |
Application Experience Ease and speed of the application process | 4.5 | 3.0 |
Customer Support Quality Responsiveness and helpfulness of support | 5.0 | 4.0 |
RATINGS
How they compare
Interest Rates
Banked.fyi
4.5
Fundera
4.0
Funding Speed
Banked.fyi
4.5
Fundera
3.0
Customer Service
Banked.fyi
5.0
Fundera
4.0
Flexibility
Banked.fyi
5.0
Fundera
5.0
Overall Experience
Banked.fyi
4.5
Fundera
4.0
FAQs
Common questions
Is Banked.fyi better than Fundera?+
Both options have their strengths. Banked.fyi is a lending marketplace that connects you with 75+ lenders, giving you more options to compare. Fundera is also a marketplace with multiple lender options. The best choice depends on your specific needs, credit profile, and funding timeline.
What are the main differences between Banked.fyi and Fundera?+
The key difference is that Banked.fyi provides access to 75+ lenders through one application, while Fundera connects you with a network of lenders. Banked.fyi offers loan amounts up to $5M with funding as fast as 4 hours, while Fundera offers up to $5,000,000 with funding in 1-14 days.
Which has better rates: Banked.fyi or Fundera?+
Rates vary based on your business profile, credit score, and loan type. Banked.fyi's marketplace model often helps businesses find more competitive rates by comparing multiple lenders. Fundera's rates range from 6% to 99%. We recommend checking both to see which offers better terms for your situation.
What credit score do I need for Fundera?+
Fundera typically requires a minimum credit score of 550+. Banked.fyi works with all credit types and can connect you with lenders even if you have bad credit, giving you more options to explore.
How fast can I get funded with Fundera vs Banked.fyi?+
Fundera typically funds in 1-14 days. With Banked.fyi, depending on the lender match, you can receive funding as fast as 4 hours for certain products, though most loans fund within 1-7 days.
Does Fundera do a hard credit pull?+
Fundera uses a soft credit pull initially, similar to Banked.fyi. Banked.fyi never performs a hard credit pull when checking your rates—only when you choose to proceed with a specific lender.