SuperMoney
  LendingCrowd Business Loans

LendingCrowd Business Loans

in Business Loans from LendingCrowd

Unaffiliated

LendingCrowd Business Loans

Unaffiliated

in Business Loans from LendingCrowd

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend LendingCrowd Business Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount $5,000 - $250,000
APR  (Fixed APR) 6% - 13%
Loan Term (Months) Up to 60 months

LendingCrowd Business Loans Review

LendingCrowd Business Loans is a business financing offering by LendingCrowd, based in Edinburgh, . Founded in 2014, LendingCrowd offers access to business loans in state across the USA.

LendingCrowd Business Loans FAQ

What are LendingCrowd Business Loans’s rates?

LendingCrowd Business Loans offers a fixed APR business financing product that ranges from 6% APR up to 13% APR.

Does LendingCrowd Business Loans charge an origination fee?

Yes, LendingCrowd Business Loans charges a loan origination fee starting at 2% of the loan amount. LendingCrowd Business Loans deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does LendingCrowd Business Loans set on the purpose of the loan?

LendingCrowd Business Loans considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does LendingCrowd Business Loans offer?

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

  • Unsecured term loans

Does LendingCrowd Business Loans charge prepayment fees?

Yes, LendingCrowd Business Loans 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.

How much can you borrow from LendingCrowd Business Loans?

Loan amounts start at $5,000 and go up to $250,000.

What is the maximum loan term you can get with LendingCrowd Business Loans?

LendingCrowd Business Loans offers business loans with a maximum term of 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for LendingCrowd Business Loans?

LendingCrowd Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 640 and up to 850 may be eligible for LendingCrowd Business Loans.

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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   23 Manor Place EH3 7DX
    Edinburgh, UK
    Edinburgh, USA
  •   Visit Site

About LendingCrowd Business Loans

Feature Breakdown

Origination Fee (%) Starting at 2%
Credit Score Range 640 - 850
Loan Amount $5,000 - $250,000
APR (Fixed APR) 6% - 13%
Loan Term Up to 60 months

Be the first to rate

 

Would you recommend LendingCrowd Business Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

0%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.