Business Solutions

Simple payment solutions—the fastest way to yes

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At the point of sale

Offer people the ability to pay over time. We handle the financing and approvals. You get paid upfront.

For Healthcare Help more patients get the care they need while you reduce expenses, improve cash flow, and lower administrative costs. Healthcare Providers

For Construction Close more deals, increase project scopes, and grow business by offering affordable payment plans. Contractors

For Heavy Equipments and Trucking Help more truckers and operators get the care they need while you reduce expenses, improve cash flow, and lower administrative costs. Heavy Equipment and Trukers

Marketplace Seller Financing

An online marketplace is an eCommerce platform where third parties sell products or services. Examples of online marketplaces include Amazon, Walmart, eBay, Etsy.

Provide the solutions your sellers need to manage and grow their businesses.

Provide working capital, business purpose loans, and lines of credit to help sellers manage and grow their business
Add products to your Marketplace that are easy to use and create a singular experience for your sellers
Provide a competitive differentiator in your Marketplace to attract more sellers
Integrates seamlessly into your current systems—no additional tools or software needed

The Classic Funding difference

Customer first

Solutions that foster relationships through financial assistance.

Transparent

All laws, regulations and codes of conduct followed with fairness.

Innovative

Continuously evolving ways to increase your business.

Expertise

Products built from a collective team of industry experts.

Our Story

Frequently asked questions

Who is Classic Funding?

Classic Funding is a provider of unsecured personal loans for consumers serving FICO® scores up to 850. Through proprietary technology and algorithms, we’re driving a better lending and borrowing experience by finding more reasons to say “yes.” After serving hundreds of thousands of consumers, we’ve expanded into small business, and merchant point-of-sale lending solutions to further unlock access to affordable loans.

How does Classic Funding keep my personal and bank information safe?

Classic Funding takes extensive precautions to protect your personal information. We use robust industry-leading procedures and safeguards, including encryption, to secure and protect your personal information. Further information regarding Classic Funding’s security policies and procedures can be found here: Terms of Use

Does applying impact my credit score?

Providing your basic information to view loan options does not impact your credit score. To determine how much you could qualify for, we conduct a “soft pull” of your credit. If you select a loan option and continue your application, we require a “hard inquiry” to verify the information you’ve provided on the application for final loan approval. This “hard inquiry” will be seen as an inquiry on your credit report.

What is the eligibility criteria for a Classic Funding loan?

To be eligible for a Classic Funding loan, you must:

Be 18 years or older
Be able to provide a U.S federal, state, or local government-issued photo ID
Have a social security number
Have a minimum annual income of $35,000 (from employment, retirement, or some other source)
Have a verifiable personal banking account in your name
Not reside in Nevada or West Virginia

How much can I borrow?

Our personal loans range from $2,000 to $36,500. The loan amount you may be approved for depends upon your individual credit profile and the information you provide during the application process. The maximum loan amount offered is based upon what is believed to be affordable for you. We take several factors into consideration including your current DTI (debt-to-income ratio) and PTI (payment-to-income ratio).

What’s the status of my loan application?

If we request additional documentation to complete your application, you’ll be notified of a decision within one to three business days once the information is received. You can check the status of your application by calling Customer Support at (463) 500-3704.

Why was my application declined?

If your application was turned down, you’ll receive an email regarding the decision, including how to get a statement of specific reasons.

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About Us

Customer Loan Support

Business Solutions Support

USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

* Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and Classic Funding, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon Classic Funding's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 8% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 24.90% and origination fee of 8% will have a payment of $331.01 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. If the origination fee is added to the financed amount, interest is charged on the full principal amount. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

* Applications submitted may be funded by one of several lenders including First Electronics Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and Classic Funding, a licensed lender in certain states. Loan approval is not guaranteed. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $1,500. Upon final underwriting approval to fund a loan, said funds are often available the next non-holiday business day. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary. Loans are offered from $500 to $10,000 (loan amount maximum based on MCC codes), at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 48 months. For example, for a well-qualified customer, a $5,000 purchase will have a 90-day promotional period with no interest, a 3% fee, and $100 monthly payments. After the promotional period, a remaining balance will be a 24-month term loan, and $263.72 monthly payments with an overall APR of 26.54%.

**Minimum initial transaction of $1,000 in Alabama, Idaho and Iowa.

1. Alimony, child support, or separate maintenance income need not to be revealed if you do not wish to have it considered as a basis for repaying this obligation.

2. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning FinWise Bank is the FDIC Consumer Response Center, 1100 Walnut Street, Box #11, Kansas City, MO 64106. The federal agency that administers compliance with this law concerning Coastal Community Bank and Midland States Bank is the Federal Reserve Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480. The federal agency that administers compliance with this law for Classic Funding is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

Click here to see our current list of state licenses

California residents click here ››

Wisconsin residents click here ››

Ohio residents click here ››

Classic Funding's NMLS #1424139 Visit NMLS Consumer Access