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  Lendr Working Capital

Lendr Working Capital

in Business Loans from Lendr

Unaffiliated

Lendr Working Capital

Unaffiliated

in Business Loans from Lendr

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-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.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount Up to $300,000
APR  (Fixed APR) 15% - 99%
Loan Term (Months) Starting at 4 months

Lendr Working Capital Review

Lendr is a business financing offering by Lendr, based in Chicago, IL. Founded in 2011, Lendr offers access to small business loans in 50 states (and Washington, DC).

Lendr FAQ

What are Lendr’s rates?

Lendr offers a fixed APR business financing product that ranges from 15% APR up to 99% APR.

Does Lendr charge an origination fee?

Yes, Lendr charges a loan origination fee.

What limitations does Lendr set on the purpose of the business loan?

Lendr considers business 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 small business loans does Lendr 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. Lendr provides access to the following business loan types:

  • Invoice Financing
  • Merchant Cash Advances
  • ACH Cash Flow Loans

Does Lendr charge prepayment fees?

Yes, Lendr 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.

What do you need to qualify for Lendr Working Capital?

Lendr Working Capital requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $10,000 to be considered.

Applicants with a credit score of at least 520 and up to 850 may be eligible for Lendr Working Capital.

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 Lendr Working Capital. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Lendr Working Capital. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Business formation documents

What is the estimated funding time for a business loan via Lendr?

Lendr can approve (or deny) a business loan application within 24 hours and fund small business loans within 2 business days of approval.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   153 W Ohio St
    5th Floor
    Chicago, IL 60654
  •   Visit Site

Other Services by Lendr

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Credit Score Range 520 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 12
Minimum Revenue $10,000
Verification Documents Required
  • Proof of Income
  • Business Formation Documents
Approval Speed 24 hours
Funding Time Range Starting at 2 days
Loan Amount Up to $300,000
APR (Fixed APR) 15% - 99%
Loan Term Starting at 4 months

Lendr Working Capital Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-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.

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