Lendini Review

Where does Lendini do business?

Lendini is a business financing offering by Lendini, a financial services company based in Langhorne, PA. Founded in 2015, Lendini offers access to business loans in 50 states (and Washington, DC).

What are Lendini’s rates?

Lendini offers a business financing product but they do not disclose their rates.

Does Lendini charge an origination fee?

Yes, Lendini charges a loan origination fee.

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

Lendini considers loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Lease Improvement
• New Location
• Product or Service Expansion
• Working capital

What types of business loans does Lendini offer?

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

• Merchant Cash Advances
• ACH Cashflow Loans

Does Lendini charge prepayment fees?

Yes, Lendini 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 Lendini?

Loan amounts start at $1,000 and go up to $250,000.

What do you need to qualify for Lendini?

Lendini 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 450 and up to 850 are eligible for Lendini.

Lendini does not have or does not disclose a minimum annual income eligibility requirement. Lendini 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 Lendini. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens can apply for a loan.