SuperMoney 
  LendingUSA Business Loans

LendingUSA Business Loans

in Business Loans from LendingUSA, LLC

Unaffiliated

LendingUSA Business Loans

Unaffiliated

in Business Loans from LendingUSA, LLC

SuperMoney Net Recommendation Score +100% 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.

Strongly recommended

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote
Cast your vote

Would you recommend LendingUSA Business Loans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating Strongly recommended
Loan Amount $1,000 - $35,000
APR 16.39% - 29.99%
Loan Term Up to 60 months

LendingUSA Business Loans Review

Where does LendingUSA Business Loans do business?

LendingUSA Business Loans is a business financing offering by LendingUSA, LLC, a direct lender based in Sherman Oaks, CA. Founded in 2007, LendingUSA, LLC offers access to business loans in 45 states (and Washington, DC).

What are LendingUSA Business Loans’s rates?

LendingUSA Business Loans offers a business financing product that ranges from 16.39% APR up to 29.99% APR.

Does LendingUSA Business Loans charge an origination fee?

Yes, LendingUSA Business Loans charges a loan origination fee starting at 8% of the loan amount. LendingUSA 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 LendingUSA Business Loans set on the purpose of the loan?

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

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

What types of business loans does LendingUSA 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. LendingUSA Business Loans provides access to the following business loan types:

  • Unsecured term loans

Does LendingUSA Business Loans charge prepayment fees?

Yes, LendingUSA 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 LendingUSA Business Loans?

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

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

LendingUSA 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 LendingUSA Business Loans?

LendingUSA 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 560 and up to 850 are eligible for LendingUSA Business Loans.

LendingUSA Business Loans does not have or does not disclose a minimum annual income eligibility requirement. LendingUSA Business Loans only considers borrowers who are employed.

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 LendingUSA Business Loans. Their rates fall within the limits of The Military Lending Act.

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

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

  • Proof of income
  • Proof of identity
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...

Contact

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

Other Services by LendingUSA, LLC

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 45 states and Washington, D.C.
  • 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%
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $1K - $35K
Loan Term Up to 60
APR 16.39% - 29.99%

LendingUSA Business Loans Community Reviews

 
 

Would you recommend LendingUSA 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)

Other Business Loans