Upfront costs with a variety of loan options — but only for established businesses.

  • Best for businesses in relatively high-risk industries looking for smaller loans.
  • Pick something else if you want to avoid potentially high APRs and fees.


    Min. Amount


    Max. Amount


    Product Name Efundex long-term business loans
    Min. Amount $50,000
    Max. Amount $1,000,000
    Min. Credit Score 620
    APR 5.49% to 27.79%
    Requirements 2+ years in business, 620+ credit score, not a sole proprietorship or nonprofit, strong financial history

    Application Criteria

  • 2+ years in business
  • 620+ credit score
  • Not a sole proprietorship or nonprofit
  • Strong financial history

First, do I qualify?

You need to meet the following criteria to qualify for a long-term business loan from Efundex:

  • In business at least two years
  • 680+ FICO credit score
  • No business or personal bankruptcies in the past seven years
  • No history of felonies or financial crimes
  • Not a sole proprietorship or nonprofit
  • No tax liens over $5,000

What makes Efundex long-term business loans unique?

Unlike many lenders that shy away from working with businesses in high-risk industries, Efundex doesn’t. It offers long-term business loans to companies in a variety of industries, including:

  • Construction
  • Restaurant and bars
  • Transportation
  • Medical
  • Manufacturing
  • Wholesale
  • Retail

What is an Efundex long-term business loan?

Efundex offers long-term business loans ranging from a low $50,000 all the way up to $1 million with terms lasting from one to five years. It’s rates start relatively low at 5.49% and go up to 27.79% — not including an origination fee between 0.99% and 4.99% that’s based on the strength of your credit profile. Your specific rate will depend on your loan term. The shorter your loan term, the lower your maximum APR will be.

Funding is relatively quick, although not the fastest out there for an online lender. While you can apply online in just a few minutes, it could take up to three business days to hear back about a decision. And it may take up to 10 business days to receive your funds.

What other financing options does Efundex offer?

On top of its long-term business loan, Efundex offers several other financing options:

  • Simple-interest term loan. Borrow up to $500,000 with terms as long as three years and rates starting at 6%.
  • Business line of credit. Businesses in need of flexible financing might prefer Efundex’s line of credit — available in amounts up to $100,000 with APRs starting at 13.99%.
  • Merchant cash advance. Borrow against your future sales with no set terms and factor rates ranging from 1.09 to 1.42.
  • Invoice financing. If you serve other businesses or government agencies, you can sell your invoices to Efundex with weekly rates ranging from 0.25% to 1.25% and terms up to six months.


  • Open to high-risk industries.
  • Fast approval for QuickBooks users
  • Transparent rates, fees and terms


  • Origination fee of 0.99% and 4.99%
  • Not open to startups
  • Slow turnaround for an online lender

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