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BreadRoute Review
FinWise Bank
3.0Our FinWise Bank Review
FinWise Bank is a Utah-based commercial bank lending nationally to established businesses. As an SBA Preferred Lender, it offers SBA 7(a) loans alongside equipment financing and commercial real estate loans, with funding from $25,000 into the eight figures. The qualification bar is meaningful: at least five years in business, a 700+ credit score, and $10,000 or more in monthly revenue. The bank has faced public criticism from consumer advocacy groups over its fintech lending partnerships, with allegations of predatory practices tied to those arrangements. Borrowers who meet the eligibility threshold should review all loan terms carefully and weigh the reputational concerns before proceeding.
Who Is FinWise Bank Best For?
Based on eligibility requirements and available products.
- Businesses that need equipment or machinery financing
- Established businesses that qualify for SBA programs
- Businesses with commercial real estate financing needs
- Businesses seeking larger financing amounts
Financing Options
Eligibility Requirements
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Quick Overview
3.0Compare Alternatives
Other Commercial Bank lenders
FinWise Bank Pros & Cons
Pros
- Lends nationwide
- High loan amounts available
Cons
- Requires strong credit (700+ minimum)
- Requires $10,000+ in monthly revenue
Frequently Asked Questions
FinWise Bank offers financing in the range of $25,000 to $10+ Million.
FinWise Bank typically requires a minimum credit score of 700. Businesses with scores above this threshold are more likely to qualify for favorable terms.
FinWise Bank offers the following financing products: Equipment Finance, SBA 7(a), Commercial Real Estate Financing.
FinWise Bank requires a minimum of 5 Years in business. Newer businesses may want to explore alternative lenders with lower seasoning requirements.
FinWise Bank provides financing to businesses across the United States.
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