Alternative financing with highly competitive rates for those who may not qualify elsewhere.

  • Best for affordable alternative financing when you’ve exhausted other options.
  • Pick something else if you need to finance a large purchase or project.


    Min. Amount


    Max. Amount


    Product Name First Down Funding business loans
    Min. Amount $4,000
    Max. Amount $300,000
    Loan Term 1 to 10 years
    Min. Credit Score 580
    APR 5.49% to 22.79%
    Requirements At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 580

    How much will this loan cost me?

    First Down Funding loans come with rates that start at 5.49%. It doesn’t charge any closing fees, though you’ll have to pay a $49.99 wire transfer fee to start your account.

    You can borrow from $4,000 to $300,000 with terms from 1 to 10 years. Use the calculator below to see how much a First Down Funding loan might cost you each month and in total.

    Business loan calculator

    See how much you’ll pay

    Your loan
    Loan amount
    Loan terms (in years)
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    Fill out the form and click on “Calculate” to see your estimated monthly payment.


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    How it works

    Only prime customers with a one-year term are eligible for that 5.49% rate. If your credit is less-than-perfect, you’re still in the startup phase or you want a longer term, expect higher rates.

    How much you receive also mainly depends on your monthly sales. The higher your sales, the more you’re eligible to borrow.

    What do I need to qualify?

    First Down Funding is more flexible than your typical lender. But you’ll still need to be at least 100 days in business and make at least $4,166 in monthly sales. There are no minimum credit requirements.

    What information do I need to apply?

    You need the following information and documents on hand to apply for a business loan through this lender.

    • Owner Social Security numbers
    • Business Tax ID or EIN
    • Three months of recent bank statements

    What industries does First Down Funding work with?

    First Down Funding works with most industries — including trucking, and construction. However, businesses in the following industries are ineligible.

    • Firearms
    • Gambling
    • Adult entertainment
    • Illegal substances

    What other types of financing does First Down Funding offer?

    In addition to its alternative loans, First Down Funding also offers SBA financing. You can borrow up to $150,000 with terms as long as 10 years and SBA guarantee fees waived for businesses that apply in 2020.

    Pros and cons

    First Down Funding can be beneficial to businesses that are just getting started or otherwise struggle to get funding. But consider the drawbacks first.


    • Competitive rates compared to other alternative lenders
    • Works with bad credit and most industries
    • Only 100 days in business required
    • No credit check


    • Difficult-to-navigate website
    • Not transparent about fees
    • Potentially long turnaround

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