Last Updated: 06/21/2025
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Highlights
Amount Range
Up to $300,000
APR (Fixed APR)
15% - 99%(Verified 06/21/2024)
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Loan Term (Months)
Starting at 4
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 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 .
Does Lendr charge prepayment fees?
Yes, Lendr may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product 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. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Lendr Working Capital.
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 fund small business loans as soon as 2 business days.
Does Lendr perform a hard credit pull?
Yes, Lendr performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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