Turbine Funding Review

ByTop10 StaffNov. 17, 2020

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In a Nutshell

Turbine Funding provides fast and flexible funding for businesses in the United States. Choose from a range of loan types including short-term loans, lines of credit, invoice factoring, and equipment financing. Turbine Funding has over 35 partners to help you find the right lender and a quick and easy application process that can have the funds in your account in as little as 24 to 72 hours.


  • Fast funding in as little as 24 to 72 hours
  • One quick application form
  • 35+ lending partners


  • No information about APR
  • Not enough details about different loan products
  • No information about security

Turbine Funding at a Glance

Loan typesLines of credit, merchant cash advance, short term loan, equipment financing, business term loan, invoice factoring
Loan amount$5,000 to $5,000,000 for term loans; up to $100,000 for lines of credit
Repayment terms3 to 60 months
APRNot specified
Suitable forSmall businesses that need funding fast


Turbine Funding offers various loan types so that small businesses can be sure to reach the funds they need to meet their aims. Turbine Funding has over 35 partnerships with lenders and lending platforms, using proprietary technology to connect small business owners with the right lending partner.

Key features:

  • Proprietary matching technology
  • Over 35 lending partners
  • Funding managers
  • Funding clears in as little as 24 hours
  • No fees

Suitable For?

Turbine Funding is ideal for all kinds of small businesses. It has experience serving over 700 different types of businesses, from HVAC contractors to beauticians and retailers to restaurants. The fast funding time makes it a good choice for any small business owner who needs to have the funds clear in a hurry, and the varied range of loan types means that you can find a funding vehicle that matches your business’ cash flow.

Loan Features

Turbine Funding offers a wide range of loan types. You only need to submit a single application form to be matched with many different types of loans. Turbine Funding's loans include:

  • Merchant cash advance
  • Lines of credit
  • Short term and business term loans
  • Invoice factoring
  • Equipment financing

This way you can pick the right funding vehicle for your needs.

You can borrow up to $100,000 through a line of credit, or up to $5,000,000 through a term loan. Because Turbine Funding is a loan aggregator, you also won’t find any information about interest rates. The company informs borrowers that rates depend on your cash flow and business health, rather than your credit score.

Loan Feature Highlights:

  • Repayment terms up to 60 months for term loans
  • Lines of credit payable over 6 months
  • All lines of credit are revolving
  • Borrow up to $5 million with a term loan, or up to $100,000 with a line of credit
  • Possibility to take out both a term loan and a line of credit at the same time

The Application Process

Turbine Funding aims to provide a simple and easy application process. You’ll only need to complete one application form, even if you’re not sure which type of loan is right for you. Turbine Funding will automatically assess your business’ cash flow and funding needs to direct you to the most appropriate loan structure. 

The application form can be completed online. It's only a single page of questions—you can probably finish it in less than 5 minutes. You’ll need to share your basic personal details, including your date of birth, and details about your business name, age, and type. You’ll also be asked how much you want to borrow, whether you have any bankruptcies in your history, and about any existing loans. Finally, you upload the last 3 months of business bank statements to the online form, which saves you from having to print anything out.

Turbine Funding doesn’t reveal exactly how long it will take to get an initial response to your application, but it promises that it will be fast. A Turbine Funding Manager will get in touch to explain your borrowing options and help you pick the right one for your situation. The entire borrowing process, from application to receiving the cleared funds, can take as little as 24 to 72 hours.

Turbine Funding doesn’t share much information about the details of the application process, so it’s not clear if there’s a minimum credit score. It’s a safe guess that it will check your credit score, though. You do need to share your average monthly income.

How Much Can You Borrow?

The amount that you can borrow depends on your business health and cash flow. However, Turbine Funding has very high loan amounts available. Term loans allow you to borrow between $5,000 and $5 million, while lines of credit go up to $100,000. All lines of credit are revolving, so you can withdraw money again as you pay down the balance. Turbine Funding doesn't specify the amounts you can borrow through equipment financing, invoice factoring, or merchant cash advances. There's also no information about the requirements for different loans and loan amounts.

  • $5,000 to $5,000,000 with a term loan
  • Up to $100,000 with a revolving line of credit
  • Loan amounts depend on cash flow and business health

Repayment Terms

Turbine Funding’s loan repayment terms are a little unusual. Instead of variable monthly loan repayments, you’ll make fixed daily or weekly payments. It’s not clear how interest rates are calculated to reach this fixed amount.

If you choose a short term or business term loan, you’ll have between 3 and 60 months to repay it. Lines of credit need to be repaid over 6 months.

How Safe Is It?

Turbine Funding falls very short when it comes to information about safety and security. There are no Terms and Conditions visible on the website to inform you about how your data is used. Although Turbine Funding assures borrowers that all information is securely protected by leading security software, there are also no details about which software and programs are used.

Help & Support

Turbine Funding provides customer support through email, phone, or live chat or a web form on the site. There’s no information about when any of these channels of communication are manned, and no toll-free customer support phone number. Although Turbine Funding has an FAQ section, it’s pretty short and doesn’t cover many topics. That said, Turbine Funding does have a good number of positive reviews for its customer service.


Turbine Funding offers fast and simple funding for small businesses across the US. Application is quick and easy, and funds can clear in as little as 24-72 hours. The many funding options and reputable partners make Turbine Funding stand out, but there’s a serious lack of detailed information, such as full qualification requirements, typical APR, and repayment details for some loan types. There’s also a worrying lack of reassurance about Turbine Funding’s security protection. Altogether, although the terms and conditions might be attractive, borrowers should find out more details about their specific funding options before trusting Turbine Funding.

Turbine Funding