Fundation Review: Pros, Cons, and How to Apply
Key Takeaways
| Takeaway | What It Means |
| 🏛️ Brand No Longer Originates | Fundation no longer makes new business loans under its own name after a September 2023 merger with Camino Financial created its successor, Quantum Lending Solutions. |
| 📜 Historical Loan Specs | Fundation business loans ranged from $10,000 to $500,000 over 1 to 4 years at 8% to 30%, with a credit line capped at $150,000. |
| 📈 Successor Standards | Quantum lists minimums of a 720 FICO score and $100,000 in annual revenue for term loans and 680 and $50,000 for lines of credit, so files that fit Fundation may not fit its successor. |
| 🔍 Verify Before You Apply | A rebrand can attract scammers; please confirm any lender through NMLS Consumer Access and other reputable online sources before sharing documents. |
| 🤝 Marketplace Route | United Capital Source, a marketplace with 80+ lenders, routes displaced borrowers to financing through a single application. |
| 💰 Do the Payment Math | Our worked $50,000 loan example shows how to determine the monthly payment before accepting any offer. |
Fundation at a Glance
Fundation’s lending continues under the Quantum Lending Solutions brand after a 2023 merger. UCS, a business funding marketplace, maps where its borrowers go in 2026.
| Signal | Detail |
| Status | Fundation brand no longer used for new loans; lending continues as Quantum Lending Solutions |
| Loan products (historical) | Term loans between $10,000 and $500,000; credit line to $150,000 |
| Rates (historical) | 8% to 30%, 1 to 4 year terms |
| Credit floor (historical) | 660+ personal score |
| Successor company | Quantum LS LLC (formerly Fundation Group LLC), NMLS ID 1587491; site quantumlends.com |
Search for a Fundation review today and you will find many pages describing a brand that now operates as Quantum Lending Solutions. Recycled reviews quietly cost small business owners time and money.
Fundation was a tech-enabled small business lender founded in 2011 that offered term loans and a revolving credit line, largely through bank partnerships. It merged with Camino Financial in a deal announced September 28, 2023, and its lending now operates under the Quantum Lending Solutions name; read our Quantum Lending Solutions review for current terms.
United Capital Source is a full-service business funding marketplace. Since 2011, we have connected 40,000+ businesses with $1.6 billion+ in financing from 80+ lenders. This review documents the record, the successor’s requirements, and the current funding status of displaced borrowers.
In this review, we cover:
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Fundation Overview
Fundation is a small business lending brand that no longer makes loans under its own name; its lending now continues as Quantum Lending Solutions. The company launched in 2011 in Reston, Virginia, building a lending program around term loans and a revolving credit line. Fundation worked with more than 25 financial institutions, according to its 2023 merger announcement. That bank channel, not consumer advertising, is what set the company apart from most online lenders of its era.
Consider a Reston IT services firm whose $75,000 Fundation loan, taken on a 3-year term in 2019, reached payoff. A past borrower looking for Fundation today will find that fundation.com no longer loads; new lending runs through Quantum Lending Solutions at quantumlends.com.
Stale pages still describe what Fundation offers as if nothing changed, which is why a Fundation review written in 2026 has one honest job: document the record and route displaced borrowers to financing that exists now.
What Fundation Business Loans Looked Like
Fundation business loans were fixed-term installment loans ranging from $10,000 to $500,000.
Term Loans and the Credit Line
Business term loans ran 1 to 4 years with fixed monthly payments, often for equipment purchases or expansion, priced for borrowers who could clear bank-adjacent underwriting. The business line of credit was capped at $150,000 and provided qualified customers with flexible access to funds, with interest charged only on the outstanding balance, which suited uneven cash flow.
The third product was never consumer-facing: private label financing that let community banks run Fundation’s online application, underwriting, and servicing as a house lending program under their own brand. For a small business owner, that meant the local bank could quote a decision in days rather than weeks.
Fundation Loans: Rates, Fees, and Repayment Terms
Fundation loans carried rates ranging from 8% to 30% over 1- to 4-year repayment terms. The company did not charge a prepayment penalty, so you could pay the balance early, and the total interest would drop, with repayments landing on a fixed due date rather than daily drafts against sales. Borrowers who read the fine print flagged cost rather than structure: some customers reported higher interest rates than those quoted by a traditional bank.
Here is the math for a Tampa, Florida, e-commerce seller’s $50,000 term loan offer in June 2026: at 12% APR over 36 months, the monthly payment is about $1,661, and you pay roughly $9,786 in interest over the term. At 18 months, the payment exceeds $3,000, while total interest drops by more than half. Run that calculation to determine the full repayment picture before you accept any financing deal; a starting rate tells you almost nothing about total cost.
Fundation Then vs. Quantum Now
| Signal | Fundation (through 2023) | Quantum (October 2026) |
| Rates | 8% to 30% interest | 17.63% / 20.21% APR floors |
| Origination fee | None emphasized | 5% term loan, 3% credit line (per NerdWallet) |
| Credit floor | 660 personal score | 720 term loan / 680 line of credit |
| Annual revenue | $2,000 bank balance rule | $100,000+ term loan / $50,000+ line of credit |
| Funding speed | 2 to 3 business days | Term loan 24 to 48 hours after approval; line of credit draws in as little as 1 business day |
| States | Bank-channel coverage | Nevada excluded |
Who Qualified for the Fundation Lending Program?
Qualifying for the Fundation lending program required a personal credit score of 660. What a lender requires tells you who it wants, and Fundation wanted established files: a minimum of three employees, a business bank account with a $2,000 minimum balance, no bankruptcy in the prior three years, a personal guarantee, and a UCC blanket lien on business assets. The three-employee rule screened out sole proprietors, and the blanket lien gave the company a claim against the entire business.
Credit history is where the merger diverges. For example, a business with a 665 score that pre-qualified with Fundation in 2022 would fall below Quantum’s published minimums of 680 for a line of credit and 720 for a term loan, even if its credit profile never worsened. Through United Capital Source, that loan file was routed to revenue-based underwriting on consistent deposits, with a match back in about 2 business days.
How the Fundation Application Process Worked
The Fundation small business loan application process ran entirely online from start to funding in 2 to 3 business days, though complex files could take 30 business days. Clients were kept informed throughout the paperless journey, and the steps below outline how it worked before the 2023 merger.
Step 1: Submit an Application
The process started with an online form that took only a few minutes to complete. At this stage, Fundation performed a soft credit pull, so shopping for an offer did not touch the credit score. Applicants were paired with a customer relationship manager for personalized support from this point forward.
Step 2: Submit Documentation
Applications that passed the initial screening moved toward underwriting, and borrowers submitted three months of business bank statements. Requests above $100,000 required more: six months of bank statements, two years of business tax returns, and financial statements, including a profit-and-loss statement, a balance sheet, and a debt schedule.
Step 3: Complete Underwriting
Documents were sent to Fundation’s underwriting team, which completed its review within 24 hours. The lender ran a hard credit pull at this stage, which could affect the credit score, and underwriting typically included a conversation with an underwriter to give the file a fuller picture than the paperwork alone.
Step 4: Finalize Your Offer
Once a file cleared underwriting, the borrower received a finalized offer. For requests above $100,000, Fundation called to review the loan details; smaller requests were finalized by email.
Step 5: Receive Funding
After a customer accepted an offer, funds could reach the business bank account within 24 hours. That is what put the typical end-to-end window at 2 to 3 business days.
Applying Through Quantum Lending Solutions Today
That workflow no longer accepts new applicants under the Fundation name. New applications run through Quantum, which lists a 720 FICO minimum and $100,000 in annual revenue for term loans, a 680 minimum and $50,000 for lines of credit, a prequalification decision within 72 hours, term loan funding 24 to 48 hours after approval, and no lending in Nevada; NerdWallet reports origination fees of 5% on term loans and 3% on lines of credit. Verify the entity through NMLS Consumer Access (NMLS ID 1587491) before sharing documents, and read our Quantum Lending Solutions review for the full current picture.
What Is Quantum Lending Solutions?
Quantum Lending Solutions now holds Fundation’s lending operation: its loans are made by Quantum LS LLC (formerly Fundation Group LLC). Camino Financial, a certified CDFI, announced its merger with Fundation on September 28, 2023, with LL Funds as lead investor and Mickey Konson as CEO, and Quantum says the company was formed from Fundation, Camino Financial and the SMB operations team from Amount. A $400 million round closed in November 2025.
Rebrands are exactly when scam artists move in, because borrowers search a familiar name and land wherever the results point. Verify before sharing documents: the lending subsidiary is Quantum LS LLC, once registered as Fundation Group LLC, under NMLS ID 1587491 on NMLS Consumer Access. Current disclosures show the Fundation trademark for reference purposes only.
A Platform Built for Financial Institutions
Quantum’s public positioning now centers on lending technology licensed to financial institutions: credit unions, community banks, and regional banks can run a small business lending program on its platform, with compliance and support services under their own brand. Quantum still offers direct business term loans and lines of credit on its site, alongside its programs for financial institutions.
Servicing carried over for existing borrowers. A Long Island medical practice that took $150,000 in 2020 through its community bank’s private label program still pays on the original schedule with Quantum LS LLC, and the bank’s partners have seen the same continuity for their customers.
Fundation Pros and Cons
Fundation’s record splits cleanly when each point ties to a documented criterion. The service side earned genuine loyalty and an advantage on retention; the structure side asked a lot of a small company.
Fundation Pros and Cons
| Pros | Cons |
| Pay early without a prepayment penalty | 660 minimum credit score |
| Applicants were paired with a relationship manager | Required at least three employees |
| Fast approvals, with funding in 2 to 3 business days | Personal guarantee plus a UCC blanket lien |
| On-time payments could build business credit | Rates and terms varied by applicant |
Business Funding Alternatives for Fundation Borrowers
Business funding alternatives depend on which door the merger closed for you. Three borrower profiles lost their fit: files scoring 660 to 679, Nevada businesses outside Quantum’s footprint, and bank-referred borrowers whose institution retired the program; each has alternative financing options today.
Community Banks and Credit Unions
Credit unions and community banks still originate traditional bank loans at competitive interest rates for established credit files, and SBA loan programs are offered through many of them. The trade is speed: traditional banks move in weeks, a pattern the Federal Reserve Banks’ Small Business Credit Survey documents in owners’ reports on the application process.
How Other Lenders and Marketplaces Compare
Other online lenders will quote a displaced file, but every new application restarts the process from zero. United Capital Source instead packages one application and, if the first match declines, moves the same file across 80+ lenders without new paperwork, an advantage no single-lender structure can copy.
When a Las Vegas restaurant needed $40,000 in working capital in March 2026 and found Quantum’s loans unavailable in its state, that route matched it with funding within the network’s typical 24-to-72-hour window; same-day capability is available for qualified files.
Our Verdict for Small Businesses
Judge Fundation by its history, and judge Quantum by its current terms. For small businesses, the question is settled: Fundation was a disciplined lender whose standards live on, tightened, inside Quantum. If your business clears a 680 credit score, read our Quantum Lending Solutions review next; if not, route the file where the underwriting fits, not where the old bookmark points.
Before its 2023 merger into Quantum Lending Solutions, we rated Fundation 3 out of 5 based on its products and reviews at the time; see our Quantum Lending Solutions review for the current rating.
| “When a lender leaves the market, its borrowers still need capital. Our job is to know which of our 80+ lenders picks up that profile, so the merchant applies once and lands where the file fits.” – Jared Weitz, CEO and Founder of United Capital Source |
Frequently Asked Questions
Is Fundation still in business?
The Fundation brand no longer makes new business loans; since the 2023 merger, its lending continues as Quantum Lending Solutions through Quantum LS LLC (formerly Fundation Group LLC), at quantumlends.com.
Is Quantum Lending Solutions legit?
Yes. Quantum states that its loans are made by Quantum LS LLC (formerly Fundation Group LLC), NMLS ID 1587491, which you can look up on NMLS Consumer Access, and BBB lists Quantum Lending Solutions with an A+ rating.
What is the monthly payment on a $50,000 business loan?
Two factors set it: rate and term. At 12% APR over 36 months, the payment is about $1,661; over 18 months, about $3,049 on the same balance. Longer repayment terms lower your payment but increase the interest you pay, so weigh the total cost against your cash flow.
What happens to existing Fundation borrowers?
Quantum LS LLC, the former Fundation Group LLC, is the lending entity, and Quantum provides a borrower portal; existing borrowers should confirm their loan’s servicing details with Quantum or their bank.
Can Nevada businesses still get funding?
Yes. Credit unions, some regional banks, and marketplace networks still make loans to Nevada businesses, and United Capital Source is licensed to facilitate funding in all 50 states.
Making Your Decision
Get Your Business Funded Through UCS
If Fundation fit your file in 2019, some lender in an 80+ lender network can fund the same loan in 2026. United Capital Source packages one application, matches it across the network, and manages the process through funding and beyond.
A dedicated funding professional walks you through each financing offer’s costs and repayment terms, the same support our clients rate 4.9 across 1,600+ reviews on Trustpilot and Google.
| One Application, 80+ Lenders Apply through United Capital Source to reach best-fit lenders, with typical funding in 24 to 72 hours. |
Disclaimer:
This Fundation review is provided for general information as of October 2026 and is not financial advice. Loan availability, rates, and terms change; verify current figures, check registrations through NMLS Consumer Access, and consult the Small Business Administration (SBA) or a qualified financial advisor before you accept any business financing.
The Fundation trademark is owned by Fundation Group, LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Fundation Group, LLC.
Jared Weitz
Jared Weitz is the Founder & CEO of United Capital Source (UCS), one of the nation’s fastest-growing business financing marketplaces. Since founding the company in 2011, Jared has built a technology-enabled platform that has facilitated over $1.6 billion in funding to more than 40,000 businesses across the United States. Under his leadership, UCS has evolved into a full-service marketplace that connects business owners with 80+ lenders while providing hands-on guidance throughout the entire funding process. UCS works directly with each applicant, leveraging technology and experienced funding professionals to match businesses with the right financing options, structure deals, and guide them from application through funding and future growth. Jared’s work has earned national recognition, including the National Commercial Loan Broker of the Year award in 2019, and placements on the Inc. 5000 list in 2015 and 2017. He also serves as Broker Council Co-Chairman for the Small Business Finance Association, where he helps advocate for expanded access to capital for small businesses nationwide.
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