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LendingUSA

in Business Loans

Unaffiliated Visit Site

LendingUSA

Unaffiliated

in Business Loans

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Overview

Where does LendingUSA do business?

LendingUSA is  based in Sherman Oaks, CA. It was founded in 2007 and offers access to business loans in 45 states (and Washington, DC).

What are LendingUSA’s rates?

LendingUSA offers business loans with APRs starting from 16.39% and up to 29.99%.

Does LendingUSA charge an origination fee?

Yes, LendingUSA charges a loan origination fee starting at 8% of the loan amount. LendingUSA deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow. 

Does LendingUSA charge a late fee?

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

Does LendingUSA charge prepayment fees?

Yes, LendingUSA 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 LendingUSA?

Loan amounts start at $1,000 and go up to $35,000.

What is the maximum loan term you can get with LendingUSA?

LendingUSA 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 a loan with LendingUSA?

Applicants with a credit score of at least 560 can apply for a loan via LendingUSA.

LendingUSA does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents cannot apply for a loan via LendingUSA. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

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Contact

  • Headquarters
  • 15303 Ventura Blvd., Suite 850
    Sherman Oaks, CA 91403 USA
  • Visit Site

Other Services by LendingUSA

Availability

Available in 45 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee
8%
Credit Score Range
560 - 850
850 300 560
Loan Term (Months)
Up to
60
Loan Amount
$1K - $35K
$25 $1M+
APR
16.39% - 29.99%
0% 100%+

Reviews

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