LendingTree Small Business Loan Review

Lending Tree loans is a business financing offering by LendingTree Inc., based in Charlotte, NC. Founded in 1996, LendingTree Inc. offers access to small business loans in 50 states (and Washington, DC).

What are Lending Tree loans’s rates?

Lending Tree loans offers a fixed APR business financing product that ranges from 4.8% APR.

Does Lending Tree loans charge an origination fee?

Yes, Lending Tree loans charges a loan origination fee.

What limitations does Lending Tree loans set on the purpose of the business loan?

Lending Tree loans considers business loan applications for business purposes, such as:

• Equipment Purchase
• Inventory
• Lease Improvement
• Product or Service Expansion
• Technology Investment
• Working capital

What types of small business loans does Lending Tree loans offer?

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

• Unsecured Term Business Loans
• Secured Term Business Loans

Does Lending Tree loans charge prepayment fees?

Yes, Lending Tree loans charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from Lending Tree loans?

Business loan amounts start at $5,000 and go up to $500,000.

What is the maximum business loan term you can get with Lending Tree loans?

Lending Tree loans offers small business loans with terms ranging from 6 to 12 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 LendingTree Small Business Loan?

LendingTree Small Business Loan 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 580 and up to 850 may be eligible for LendingTree Small Business Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via LendingTree Small Business Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by LendingTree Small Business Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent bank statements
• Business formation documents
• Driver's license
• Government issued photo ID
• Proof of identity

Does LendingTree Small Business Loan report your account activity to credit bureaus?

Yes, LendingTree Small Business Loan reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.