2 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Features
  • Repayment terms up to 5 years
  • Rates start from 5.9% to 25.9%
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Chosen 349 times
  • Business loans from $5,000 - $500,000
  • Repayment terms from 13 to 52 weeks
  • Apply within minutes
  • No prepayment penalties

Lending Club Business Loans Review

The first few years of a business are known to be the toughest. Lack of funds to expand your business can be a messy situation. The right kind of business loan will get you where you want to be.

There is just so much more you can do with a business loan. Perhaps you need to buy or upgrade machinery. New equipment means faster and more efficient production.

Your employees are your most valuable assets. A business loan can also be used to hire new employees. This invaluable investment is a stepping stone in growing your business.

You can also move to a more spacious location. Access or denial to a loan can be the difference between success and collapse of a business.

Consolidate Business Debts with Business Loans from Lending Club

Loans with high or fluctuating interest rates can interrupt your financial plans. The rates at Lending Club make it possible to merge all these into an affordable plan. You stand to benefit in various ways;

  • Transparent and fixed monthly payments
  • Free up cash flow for smooth running of business
  • Get a low interest debt
  • 1 to 5 year terms

Why Lending Club is Important for Small Business Loans

Most of the traditional lending institutions are reluctant to fund small businesses. They expect you to be operating for several years.

However, Lending Club Business Loans requires a minimum of 2 years in business. The online application form is convenient and allows fast access to loans. Other requirements for obtaining a business loan include;

  • Bankrupt free applicants
  • Own at last 20% of your business
  • At least $75,000 annual sales
  • Fair or better personal credit standing

You will just need to answer a few questions about your business. You can borrow between $5,000 and $300,000. The interest rate will depend on the loan amount.

Lending Club offers business loans for various purposes. Use the comparison tool above to get an instant quote from the company. Just enter loan amount and purpose of the loan. This won’t affect your credit score.

Business Loan Rates at Lending Club

You do not have to deal with hidden charges at Lending Club Business Loans. Rates start from 5.9% to 25.9%. Once the loan is issued, your rates will never change. You stand a better chance of getting better rates if you have excellent credit. It is also important for your business to demonstrate financial strength.

There is no penalty if you pay your business loan early.

There is no collateral required for loans under $100K. You may contact a client advisor if you aren’t sure of what type of business loan to take. Each loan applicant has their own client advisor.

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Reviews of

Lending Club Business Loans is rated 64 out of 299 companies in total rating and got an average review score of 4.4 based on 2 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
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RP
Russell Padgett 16 reviews | July 22, 2022
General Review
Upsides
Most times I wonder if DEXFRAME CREDIT REPAIR have the slightest knowledge of how through their outstanding credit repair services, I turned my mind off committing suicide. I could not think less of suicide after my ex-wife secured a divorce and its aftermath was a terrible experience of financial crisis which made it difficult to pay off my loans and multiple credit cards bills. My credit score was ruined. DEXFRAME and his team were the GAME CHANGER; they restored my credit excellently, raised my credit score to 785, my debts were paid off, all derogatory marks and negative items were deleted. No better way to appreciate DexFrame than making this review available to Americans. Contact: DEXFRAMECREDITREPAIR@GMAIL.COM
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C
ceo 1 review | August 11, 2017
General Review
Upsides
Easy and fast solutions for small business in a need of a small loan.
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