Business Loans UK: Compare 50+ Lenders with Fundably

Fundably promises to match UK businesses to 50+ lenders through a single, free application — with no hard credit check at the matching stage. We reviewed the platform in depth: how it works, what it costs, who it suits, and what real customers say, so you can decide whether it’s the right first stop for your business funding.

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What Is Fundably?

Fundably is a UK commercial finance broker that connects businesses with funding from a panel of 50+ lenders through a single application. Rather than requiring businesses to approach lenders individually — each with their own application, criteria and hard credit check — Fundably’s platform analyses your business data, matches you to suitable lenders and returns offers, typically within hours.

Founded in 2020, Fundably is a trading name of Goodloans Limited (company number 12482742), registered in England and Wales with registered offices at 3rd Floor, 86–90 Paul Street, London, EC2A 4NE. The company is ICO registered (ZB024107) and is a proud member of the NACFB — the National Association of Commercial Finance Brokers, the UK’s leading trade body for commercial finance brokers.

Fundably’s investors include Google and Tom Blomfield, the founder of Monzo, alongside leading venture capital firms and prominent fintech investors. The company was built by a team of SME finance brokers, software engineers and data scientists with the aim of automating the broking process while keeping a human eye on every deal.

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Who Is Fundably For?

Fundably is designed specifically for UK incorporated businesses — limited companies — that need access to business finance. This covers a wide range of situations:

• Established SMEs looking to compare loan offers across the market without spending weeks applying individually to lenders
• Growing businesses that have been declined by their high-street bank and want to explore alternative lenders
• Time-pressed businesses where time to funding matters as much as rate
• Business owners who want a human broker in their corner, not just an algorithm returning a rate
• Companies needing specialist products — invoice finance, revenue-based finance, asset finance or merchant cash advances — alongside traditional term loans

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How Fundably Works

The process is built around a single application that replaces multiple individual lender approaches. Here is how it works in practice:

The Soft Credit Check — Why It Matters

One of Fundably’s most important features for businesses is the soft credit check at the matching stage. Most lenders run a hard credit search when you apply — each one leaves a mark on your credit file, and multiple searches in a short period can lower your score and signal financial stress to future lenders.

Fundably’s initial matching uses a soft credit check only. This is not visible to other lenders and does not affect your credit score in any way. A hard credit check only occurs if you choose to proceed with a specific lender’s formal offer — and only that one lender runs it.

Human Review on Every Application

Fundably is not purely algorithmic. After you apply, the team reviews your application alongside the data pulled about your business. If they spot something that could affect your outcome — a context a lender needs, a late filing worth explaining, or a tricky trading period — they reach out to help. As Fundably puts it: they are on your side, not the lender’s.

What If You Are Declined?

If one lender on the panel declines, Fundably automatically continues matching you to others. Their 50+ lender panel means most businesses find a lender. If all lenders decline, Fundably provides detailed feedback so you understand why and what to improve before reapplying.

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Finance Products Covered

One of Fundably’s genuine advantages is the breadth of products accessible through a single application. Most businesses think primarily of term loans when they consider business finance — but the right product for their situation may be something quite different. Fundably’s matching engine surfaces the most appropriate products for your situation, not just the one you asked for.

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Fundably’s Lender Panel

Fundably’s panel includes 50+ UK lenders spanning major high-street banks, specialist alternative lenders and fintech platforms. This is not a curated list of three or four preferred lenders — it is a genuine cross-section of the UK SME lending market. Fundably maps your business data against each lender’s actual eligibility criteria — not their marketing — to identify the lenders most likely to approve your application.

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Fees: What Does It Cost?

On certain products, a small broker arrangement fee may apply when a deal completes. This will always be disclosed before you proceed. Fundably’s incentives are aligned with yours: they only make money when you get funded through a lender that works for you.

This model — where the broker earns a commission from the lender on completion — is standard practice in commercial finance broking and is consistent with NACFB member standards. The nature of any commission will be confirmed to you before you proceed with any lender’s offer.

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The Application: What to Expect

What You Will Need

The application takes around 5 minutes. Most of the information required is straightforward:

• Business name, registered number and trading address
• How much funding you need and when you need it
• Purpose of the funding
• Monthly or annual revenue
• Director personal details (name, address, date of birth)
• Trading history in months or years

After You Apply

Once you submit, Fundably’s matching engine analyses your business data against the panel and surfaces matched lenders — typically within minutes. You receive tailored feedback by email and the team supports you through the process end to end.

Lenders you are matched to show their indicative offers — the product type, indicative rate or factor rate, term and funding amount. You can review and compare these before deciding whether to proceed with any lender’s full application. Proceeding with a specific lender triggers the hard credit check and that lender’s formal underwriting process.

Time to Funding

• Fastest (MCA, some revolving credit): funded within 24 hours
• Most term loans and credit lines: 2–5 working days
• Invoice finance: 24–48 hours once facility is set up
• Asset finance: 2–7 days
• Secured loans and commercial mortgages: several weeks

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Trust, Regulation and Credentials

For any business considering using a finance broker, understanding who is behind the platform and how it is regulated is important.

• NACFB member: Fundably is a full member of the National Association of Commercial Finance Brokers — the UK’s leading commercial finance trade body, which sets standards for how brokers operate and treat clients
• ICO registered: registered with the UK Information Commissioner’s Office (ZB024107) for data protection compliance
• Incorporated and registered: trading name of Goodloans Limited (company number 12482742), registered in England and Wales
• Google-funded: investor confidence from one of the world’s most rigorous technology investors
• Trustpilot rated: holds an Excellent rating of 4.5 out of 5 on Trustpilot, based on verified customer reviews
• Lender partners are individually authorised and regulated where applicable

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What Real Customers Say

Fundably holds a Trustpilot rating of 4.5 out of 5 (Excellent), based on verified UK customer reviews. The reviews consistently highlight three themes: ease of application, speed of the process, and the quality of support from the broker team.

All reviews sourced from Fundably’s verified Trustpilot profile. Reviews are unprompted. Trustpilot does not fact-check reviews, but has policies preventing incentivised or artificial reviews.

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Pros and Cons

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Frequently Asked Questions

Is Fundably free to use?

Yes. Completely free to apply, get matched, and review all your lender options. You only pay fees to the lender you choose. On certain products, a small broker arrangement fee may apply on completion, which will always be disclosed to you before you proceed.

Does applying hurt my credit score?

No — not at the matching stage. Fundably’s initial matching uses a soft credit check, which does not affect your credit score and is not visible to other lenders. A hard credit check only occurs if you choose to proceed with a specific lender’s offer and formally apply.

Is Fundably a lender?

No. Fundably is a commercial finance broker. It connects businesses with lenders from its 50+ panel but does not lend money directly. Funding approval rests with the individual lender.

How does Fundably make money?

Fundably is paid commission by lenders when their customers are funded through them. Their incentives are aligned: they only make money when you get funded with a lender that works for you. The nature of any commission model will be confirmed before you proceed.

How long does it take to get funded?

The application takes around 5 minutes. Matched offers are typically returned within hours. Funding can happen within 24 hours on some products (MCAs, certain revolving credit). Most term loans are funded within 2–7 working days. It depends on the lender and how quickly you provide any additional information they need.

Does a real person review my application?

Yes. After you apply, Fundably’s team reviews your application alongside the business data they pull. If they spot something that could affect your outcome — a document gap, a late filing, a tricky trading period worth explaining — they reach out to help. They are on your side, not the lender’s.

What happens if I am declined by all lenders?

If one lender declines, Fundably automatically continues matching you to others. If all lenders decline, they provide detailed feedback so you understand why and what to improve before reapplying.

What types of business are eligible?

UK limited companies with at least 3 months of trading history. Fundably covers most sectors. Sole traders, partnerships of three or fewer persons, and unincorporated businesses are not currently eligible.

How does Fundably decide which lenders to match me to?

Fundably pulls data about your business and maps it against each lender’s actual eligibility criteria — not their marketing. This means the lenders they refer you to are the ones most likely to say yes, at the best terms available for your situation. Fewer wasted applications and faster funded outcomes.

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Our Verdict

The platform is strongest for businesses that are time-pressed, that want to compare genuinely different products side by side, or that have been declined by a high-street bank and need to understand what the alternative market looks like. The human review layer — where the team actively helps you navigate lender requirements — is a meaningful differentiator from purely digital comparison tools.

The limitations are real but narrow. Sole traders and unincorporated businesses need to look elsewhere. As a broker rather than a lender, Fundably cannot guarantee funding — the final decision always rests with individual lenders. And with 13 Trustpilot reviews at the time of writing, the sample size is still modest, even if every review is positive.

For eligible UK businesses — incorporated companies that need funding and want to compare the market efficiently — Fundably is a strong first stop.