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)..

Does LeaseQ charge an origination fee?

Yes, LeaseQ charges a loan origination fee. 

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

Some lenders only provide business loans for certain purposes. LeaseQ offers considers loan applications for the following reasons:

  • Equipment purchase

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:

  • Secured term loans

Does LeaseQ charge a late fee?

No, LeaseQ will not charge you a late fee. Yes, LeaseQ charges borrowers with a late payment fee.

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?

LeaseQ doesn’t disclose its credit score minimum.

LeaseQ does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via LeaseQ. Its rates and terms fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Business Loan Type
    Secured Term Loan
  • Intended Use of Funds
    • Equipment Purchase
    • Lease Improvements
  • Pre-Approved Soft Credit Inquiry
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