Finally, a lending platform that can help you compare business loans for your small business today. In reality, with so many options out there we take away the guess work. In summary, we conduct a FREE financial evaluation to determine your eligibility options. With this in mind, what are you waiting for? Apply Now.
Compare Business Loans
| Lendinero Express | Lendinero Business Line | Bank or SBA Loans | |
|---|---|---|---|
| Target Customer | Business owners with: fair cash flow, 550 credit score and above, 6 months in business and $7,000 of monthly deposits. Minimum requirements. | Business owners who: demonstrate strong cash flow, strong credit history. We prefer a 625 credit score and above, 1 year in business and 100K of annual deposits. | Business owners with: strong personal credit (680 score and above), excellent strategic and financial planning reporting/systems, limited time-sensitive funding needs. Preferred $100K monthly revenues. |
| Credit Decisions | 48 to 72 hours | 24 to 48 hours | 24 to 48 hours. 1 to 2 Months to Process. |
| Average Term | 6 to 18 months | 6 to 12 months | 10 Year Repayment |
| Documents Required | 4 months to 6 months of bank statements | 4 months of bank statements, a business utility bill, voided check, and copy of ID | Multi-page loan application. 3 Years of Corporate Taxes, 3 Years of Personal Tax Returns and & Year to Date Profit to Loss and Balance Sheet. Minimal losses. |
| Repayment Structure | Daily ACH or Weekly fixed payment (automated) | Weekly or Monthly ACH payment | Monthly and manual |
| Credit Reporting | Uniform commercial code (UCC) business credit builder. This will not report on your personal credit report | Business credit reporting only | Personal credit and business credit |
| Average Rate | 1% – 4% per month (average: 1.5% – 2.5%) | 8% to 25% estimate | 9% to 14% |
| Closing Rates | $0 application fees and “usually” $0 closing costs. Our small business loans don’t have up-front costs | $0 application fees; Anywhere from 1% to 2.5% of the line of credit at closing deducted from funds | 1% to 3% of the small business loan amount |
