Inside Money Today

Lendinero's blog on Growing Your Business

LENDINERO can help you compare business loans for your small business today.  With so many options out there we take away the guess work.  We conduct a FREE financial evaluation to determine your eligibility options. What are you waiting for? Apply Now. 

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.

 
 

Target Customer

Business owners who: demonstrate strong cash flow, strong credit history. We prefer a 640 credit score and above, 2 years in business and over $20K of monthly deposits.

 
 

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

6 to 12 months

 

Average Term

60 months

 

Documents Required

4 months to 6 months of bank statements

 

Documents Required

4 months of bank statements, a business utility bill, voided check, and copy of ID

 

Documents Required

Multi-page loan application. 2 Years of Corporate Taxes & YTD Financials

 

Repayment Structure

Daily ACH or Weekly fixed payment (automated)

 

Repayment Structure

Weekly or Monthly ACH payment

 

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

Business credit reporting only

 

Credit Reporting

Personal credit and business credit

 

Average Rate

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

 

Average Rate

8% lowest on a 6 month term to 16% on a 12 month term. Rates may be higher

 

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

 

Closing Rates

$0 application fees; Anywhere from 1% to 2.5% of the line of credit at closing deducted from funds

 

Closing Rates

1% to 3% of the small business loan amount

 

Lendinero provides an array of options for your small business financing needs.  Compare business loans for your small business today.

 
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