FundKite business loan review: Interest rates, eligibility, and the application process

Most business owners don’t wake up wanting a loan. They look for financing because timing matters, payroll’s due, inventory needs replenishing, equipment breaks, or a growth opportunity can’t wait.

That’s where FundKite steps in. The New York–based lender specializes in revenue-based financing for U.S. small and mid-sized businesses that require capital quickly. Applications are completed online, decisions are often issued within hours, and funding can arrive in as little as one to two business days.

Unlike a traditional term loan, FundKite ties repayment to a percentage of gross sales. When revenue dips, payments shrink; when business booms, payments rise. That structure gives flexibility, but it also means cost can vary and comparisons with bank loans require a different lens.

Swoop’s review will explain how FundKite’s funding works, what it costs, who qualifies, and how it compares to other quick-turnaround lenders in the market.

An overview of FundKite business loans

Founded in 2015, FundKite positions itself as a fast-funding alternative to banks, focusing on speed, transparency, and accessibility. Its products are designed for businesses that generate consistent sales but may not meet the credit or collateral standards of conventional lenders.

Key advertised features:

Funding range: $10,000 to $2 million
Decision time: As little as 4 hours
Funding speed: Typically 24 to 48 hours after approval
Repayment: Percentage of gross sales (no fixed installment)
Collateral: None required
Credit check: Initial soft pull only

The overall process is simple, apply online, upload bank statements, review your offer, and receive funds once documents are signed.

Unsecured business loans

FundKite’s flagship product is unsecured working-capital funding. Because approvals hinge on revenue performance rather than assets, it appeals to businesses that can show consistent deposits but don’t want to tie up property or equipment as collateral.

This setup tends to work best for companies that:

Process steady daily or weekly sales, and
Need short-term liquidity to bridge gaps or seize opportunities.

Common uses include payroll, marketing campaigns, supplier payments, and emergency repairs.

Secured business loans

FundKite isn’t primarily a secured lender. It doesn’t offer equipment-backed or property-secured loans. If your goal is to finance a physical asset and pay it down over several years, an equipment-finance or bank-term lender may be a better fit.

Growth Guarantee Scheme

FundKite’s programs are privately funded, not part of any government-guaranteed scheme such as SBA lending. Businesses seeking the lowest possible cost of capital, and willing to endure longer processing times, may still want to explore SBA options through approved intermediaries.

Additional funding products

The company uses the same revenue-based framework across several categories:

Working-capital advances for day-to-day expenses
Payroll funding to cover wage cycles
E-commerce funding for online sellers managing inventory or marketing
Expansion or bridge financing for short-term growth projects
Line-of-credit–style programs allowing repeat draws where available

FundKite also promotes merchant-processing tools and POS integrations that complement its funding products, letting businesses handle both payments and financing under one roof.

What is FundKite’s typical interest rate?

FundKite doesn’t quote APRs or traditional interest rates. Instead, it uses a factor-rate model tied to sales performance and describes its product as having “no interest charges.”

Borrowers repay a predetermined total payback amount, collected as a share of gross receipts.

The key variables that determine cost are:

The amount of cash advanced
The total repayment amount
The repayment percentage applied to sales
The frequency of collection (daily or weekly)
Any administrative fees (if applicable)

Before accepting an offer, confirm:

How much you’ll actually receive after fees.
The exact total payback figure.
What percentage of sales will be deducted.
How collections adjust if revenue slows.
Whether early payoff provides savings.

Because the product isn’t priced with APR, comparing lenders requires looking at total dollars repaid and how repayment interacts with your cash flow.

How much can I borrow with a FundKite business loan?

FundKite advertises funding between $10,000 and $2 million, though the amount you qualify for depends on your average revenue and banking history.

Higher limits typically go to businesses that show:

Consistent monthly deposits
Minimal overdrafts or returns
Stable cash flow patterns
Clear documentation that matches application data

Applicants should be ready to demonstrate how the funds will stabilize or grow revenue.

What is the acceptance rate for a FundKite business loan?

Acceptance rates are not published. Approval generally hinges on revenue consistency and the strength of your recent bank statements. A business with at least moderate sales and predictable cash flow stands a better chance than one with erratic deposits.

If you’re unsure where you fit, a finance broker can benchmark your profile against similar lenders before you apply.

Eligibility criteria and whether you qualify

FundKite outlines four basic criteria:

Minimum time in business: 6 months
Monthly revenue: $20,000 or more
Personal credit score: Around 550 +
U.S. operations in one of 300-plus supported industries

FundKite conducts a soft credit inquiry initially, so applying will not impact your personal credit score.

Additional information

Early repayment fees

FundKite lists no prepayment penalties, allowing borrowers to pay down balances early if cash flow improves. Always confirm the payoff calculation before signing, as repayment schedules can differ.

How long does it take to get approved?

Approvals are advertised in as little as four hours, depending on how quickly you provide complete bank statements and verification documents.

Estimated time to receive funds

Funding typically follows within 24 to 48 hours after approval; same-day or next-business-day deposits may be available for early-day approvals.

Can a loan be repaid early?

Yes. Borrowers can prepay without penalty, and FundKite’s FAQs emphasize flexible early-payoff options.

Is security required?

No collateral is required. Repayment is structured through revenue share rather than liens on property or equipment.

What documentation is required

Revenue-based financing moves quickly because it relies on proof of cash flow, not lengthy financial statements. Expect to provide:

Business information

Legal name and address
Industry classification
Time in operation
Business bank account details
Recent bank statements (usually 3 months)

Business owner information

Contact and identification details
Ownership percentage
Basic credit information for verification

Funding requirement

Desired advance amount
Intended use of funds (e.g., payroll, marketing, expansion)
Timeline for when funds are needed

Being concise and accurate shortens underwriting time and increases approval odds.

How to apply for a FundKite business loan

FundKite’s digital process is straightforward:

Apply online — A quick form collects business and owner details.
Upload bank statements — At least three recent months.
Review and accept your offer — See total funding and repayment terms.
Submit any final documents requested by underwriting.
Receive funds — Often within one to two business days.

A dedicated Funding Expert is available throughout the process to help clarify requirements or timing.

Is the application process different from other lenders?

Yes. FundKite evaluates current revenue performance rather than long-term balance-sheet strength. That makes approvals faster but means repayment adjusts to sales instead of fixed installments.

In practice, it’s lighter on paperwork than a bank loan, yet borrowers should be comfortable with daily or weekly remittance structures.

How to improve your chances of getting funded

Submit complete, legible bank statements.
Ensure figures on the application match your deposits.
Avoid frequent overdrafts or returns before applying.
Be clear about how the advance will support growth or stability.
Respond quickly to underwriting requests.

A clean, consistent banking record is often the deciding factor.

Pros & cons of a FundKite business loan

Every funding model trades cost for convenience. FundKite excels in speed and flexibility but lacks the rate transparency and length of term offered by banks or SBA lenders.

Pros

Funding ranges from $10,000 to $2 million
Approvals often within 4 hours
Funding is typically available 24 to 48 hours after approval
No collateral required
Soft credit pull to apply
Payments flex with sales performance
No prepayment penalties
Dedicated Funding Expert support

Cons

Pricing not expressed as APR; comparison requires total-payback analysis
Daily/weekly repayments may pressure cash flow
Shorter duration than bank loans
Not intended for multi-year financing
May cost more than SBA or secured credit if you can wait longer

Alternative funding options for different lenders

If your business can tolerate a longer wait for lower cost, consider:

SBA loans: Government-backed, longer terms, lower rates
Business lines of credit: Revolving access but stricter criteria
Invoice factoring: For B2B firms managing slow-paying clients
Equipment financing: For asset purchases needing multi-year repayment
Other revenue-based funders: Compare total payback and repayment frequency

The right option depends on how quickly you need funds and how repayment fits into your cash flow.

Why use a finance broker?

Fast capital is useful only if it fits your business rhythm. A broker like Swoop Funding can:

Compare multiple lenders in one application
Flag which models suit your cash-flow cycle
Clarify total cost before you commit
Prevent wasted time on mismatched products

Get started with Swoop’s business funding platform

FundKite can make sense if you need quick access to cash and can handle repayments that move with sales. But it’s one of many options. Through Swoop Funding, you can compare FundKite alongside bank loans, credit lines, and SBA-backed programs — all from one secure dashboard.

Apply for funding today to see which structure best supports your business growth.