Overview

Where does Lendini do business?

Lendini is  a lending platform based in Langhorne, PA. It was founded in 2015 and offers access to business loans in 50 states (and Washington, DC)..

Does Lendini charge an origination fee?

Yes, Lendini charges a loan origination fee. 

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

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

• Equipment purchase
• New location
• Product or service expansion
• Working capital
• Business debt refinance

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

Does Lendini charge a late fee?

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

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 a loan with Lendini?

Applicants with a credit score of at least 450 can apply for a loan via Lendini.

Lendini does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Lendini. Its rates and terms fall within the limits of The Military Lending Act.

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

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...