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LeaseQ

Unaffiliated

in Business Loans

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Overview

Where does LeaseQ do business?

LeaseQ is a marketplace lender based in Burlington, MA. It was founded in 2012 and offers access to business loans in 50 states (and Washington, DC).

What are LeaseQ’s rates?

LeaseQ offers business loans with fixed APRs starting from 0% to 99%.

Does LeaseQ charge an origination fee?

Yes, LeaseQ charges a loan origination fee.

What limitations does LeaseQ set on the purpose of the loan?

LeaseQ considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Technology Investment
  • Working capital

What types of business loans does LeaseQ offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. LeaseQ provides access to the following business loan types:

  • Unsecured term loans
  • Secured Term Loans
  • Lines of Credit
  • Invoice Financing
  • Merchant Cash Advances
  • ACH Cashflow Loans

Does LeaseQ charge prepayment fees?

Yes, LeaseQ charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with LeaseQ?

Applicants with a credit score of at least 500 can apply for a loan via LeaseQ. LeaseQ does not require borrowers to have been in business for a minimum number of years.

Only U.S. citizens and permanent residents can apply for a loan LeaseQ will also consider borrowers who are unemployed. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  • 1 Burlington Woods Drive
    Suite 200
    Burlington, MA 01803 USA
  • Visit Site

Availability

Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Credit Score Range
500 - 850
850 300 500
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
  • Unemployed
Military Status
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
APR
0% - 99%
0% 100%+

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