Inside Money Today

Lendinero's blog on Growing Your Business

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LENDINERO can help you choose the best loan option for you.  With so many options out there we take away the guess work.  We conduct a FREE financial evaluation to determine your eligibility options.

Lendinero Loans

Merchant Cash Advance Loans

Bank or SBA Loans

 
 

Target Customer

Business owners with: strong company cash flow, despite their personal credit record, 550 credit score and above, need for quick access to capital

 
 

Target Customer

Business owners who: process credit cards only, strong credit card receivables

 
 

Target Customer

Business owners with: strong personal credit (680 score and above), excellent strategic and financial planning reporting/systems, limited time-sensitive funding needs

 

Credit Decisions

48 to 72 hours

 

Credit Decisions

2 to 4 business days

 

Credit Decisions

2 to 4 months

 

Average Term

6 to 18 months

 

Average Term

3 to 6 months

 

Average Term

60 months

 

Documents Required

4 months to 6 months of bank statements

 

Documents Required

4 months to 12 months of merchant credit card statements

 

Documents Required

Multi-page loan application

Previous 3 years (Profit & loss statements)

Previous 3 years (Balance sheets)

2-year financial projections

3-years of personal/business tax returns

Business plans/ accounts receivable reports

 

Repayment Structure

Daily ACH or Weekly fixed payment (automated)

 

Repayment Structure

Split Pay: A fixed percentage from every credit card transaction

 

Repayment Structure

Monthly and manual

 

Credit Reporting

Uniform commercial code (UCC) business credit builder
This will not report on your personal credit report

 

Credit Reporting

No credit benefits

 

Credit Reporting

Personal credit and business credit

 

Average Rate

1% – 4% per month (average: 1.5% – 2.5%)

 

Average Rate

2% to 5% from every credit card swipe

 

Average Rate

7% to 12%

 

Closing Rates

$0 application fees and “usually” $0 closing costs

Our small business loans don’t have up-front costs

Loan amounts: $5,000 – $500,000

Early payment discounts on some of our programs
(when  you refinance, unpaid interest will be forgiven)
*subject to qualification

Access to ongoing capital; refinance options every time you pay down 50% of the outstanding balance.

 

Closing Rates

$0 application fees; usually a set up fee split pay and usually asked to change merchant processor

 

Closing Rates

1% to 3% of the small business loan amount

 
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