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Where does LendingUSA do business?

LendingUSA is a direct lender 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 fixed 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 disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

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

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

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does LendingUSA offer?

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

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.

Only U.S. citizens and permanent residents can apply for a loan. LendingUSA only considers borrowers who are employed or self-employed.

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

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


    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
    Starting at 8%
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Credit Score Range
    560 - 850
    850 300 560
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Self-Employed
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    Loan Term (Months)
    Up to
    Loan Amount
    $1K - $35K
    $100 $1M+
    16.39% - 29.99%
    0% 100%+


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