Features

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 ranging 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?

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 for a LendingUSA business loan?

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.

  • Max Loan Term (Months)
    60
  • Credit Score Range
    560 - 850
  • Origination Fee
    Starting at 8%
  • Loan Amount
    $1000 - $35000
  • APR
    16.39% - 29.99%
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