Lendini Review

Lendini is a business financing offering by Lendini LLC, based in Langhorne, PA. Founded in 2015, Lendini LLC offers access to small 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 business loan?

Lendini considers business 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 small business loans does Lendini offer?

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

• Merchant Cash Advances
• ACH Cash Flow Loans

Does Lendini charge prepayment fees?

Yes, Lendini charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from Lendini?

Business 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 may be eligible for Lendini.

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.

U.S. citizens are, of course, eligible for the services offered by Lendini.