LoanMe Small Business Loans

LoanMe Small Business Loans

in Business Loans from LoanMe Inc.


LoanMe Small Business Loans


in Business Loans from LoanMe Inc.

Net Recommendation Score -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.

Rating not yet determined  

0 users recommend
0 users are unsure
2 users don't recommend
Cast your vote

Would you recommend LoanMe Small Business Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Community Rating

Rating not yet determined  

Loan Amount $3,500 - $250,000
APR  (Variable APR) 14% - 149%
Loan Term (Months) 7 - 120 months

LoanMe Small Business Loans Review

LoanMe Small Business Loans is a business financing offering by LoanMe Inc., based in Anaheim, CA. Founded in 2014, LoanMe Inc. offers access to business loans in 23 states (and Washington, DC).

LoanMe Small Business Loans FAQ

What are LoanMe Small Business Loans’s rates?

LoanMe Small Business Loans offers a variable APR business financing product that ranges from 14% APR up to 149% APR.

Does LoanMe Small Business Loans charge an origination fee?

Yes, LoanMe Small Business Loans charges a loan origination fee starting at 5% of the loan amount. LoanMe Small Business Loans deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does LoanMe Small Business Loans set on the purpose of the loan?

LoanMe Small Business Loans 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 LoanMe Small Business Loans offer?

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

  • SBA Loans
  • Merchant Cash Advances
  • Bridge Loans

Does LoanMe Small Business Loans charge prepayment fees?

No, LoanMe Small Business Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from LoanMe Small Business Loans?

Loan amounts start at $3,500 and go up to $250,000.

What is the maximum loan term you can get with LoanMe Small Business Loans?

LoanMe Small Business Loans offers business loans with terms ranging from 7 to 120 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for LoanMe Small Business Loans?

LoanMe Small Business Loans requires companies to be in business for at least 2 months. Businesses don't have to meet a minimum annual revenue to be considered.

When it comes to credit scores, LoanMe Inc. doesn't have a set minimum or maximum. People with all types of credit can apply.

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. APRs for the LoanMe Small Business Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by LoanMe Small Business Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Proof of identity
  • U.S. tax identification number

What is the estimated funding time for a business loan via LoanMe Small Business Loans?

LoanMe Small Business Loans can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

SuperMoney Disclosure: 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...
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.


  • Headquarters
  •   1900 S. State College Boulevard, Suite 300
    Anaheim, CA 92806
  •   Visit Site

Other Services by LoanMe Inc.

Message From Our Editor

What We Love About LoanMe Personal and Small Business Loans

LoanMe offers flexible terms for those seeking personal or business loans. They are a great option for debt consolidation, and making on-time payments can improve your credit score. 

The application process is fast and convenient. You can enter your information online or by phone. If accepted, borrowers can get funds deposited in their bank account in as little as 3-4 hours. LoanMe offers fixed monthly payments, and there is no penalty for paying off your loan early if you choose to do so. 

What Could LoanMe Do Better?

LoanMe’s market is somewhat limited, as it only loans money to people and small businesses in a few states. This means customers who live elsewhere will have to find another lending option. We would like to see LoanMe increase its licensing to all 50 states. 

LoanMe’s Backstory

LoanMe was founded in 2013 in Anaheim, California. They are an alternative to short-term lenders for individuals looking to consolidate debt and small businesses looking to grow. They are licensed to lend in 10 states, as mentioned above.

The Verdict

LoanMe, like many emerging online lenders, has a streamlined, no-hassle loan application process. Their quick approval and disbursement process is a plus for people who find themselves strapped for cash for any reason.

However, this convenience comes with a price. You could be faced with higher interest rates, so proceed with caution, especially if you have below-average to poor credit. LoanMe does not lend to customers in more states because certain states have laws against high-interest rate loans like the ones LoanMe offers. Ideally, this kind of loan would help you in a bind and be paid off early to avoid paying excessive amounts of interest.

For small businesses, though, this may be a better option if it is sure to be paid back on time and in full each month. 


  Available in 23 states and Washington, D.C.
  • Alabama
  • Arizona
  • California
  • Delaware
  • Washington, DC
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Maine
  • Mississippi
  • Missouri
  • Nebraska
  • New Hampshire
  • New Mexico
  • Ohio
  • Oregon
  • South Carolina
  • Utah
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Origination Fee (%) Starting at 5%
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 2
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • U.S. Tax Identification Number
Approval Speed 24 hours
Funding Time Range Starting at 1 day
Pre-Approved Soft Credit Inquiry
Loan Amount $3,500 - $250,000
APR (Variable APR) 14% - 149%
Loan Term 7 - 120 months

LoanMe Small Business Loans Community Reviews


Would you recommend LoanMe Small Business Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)



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.

sorted by

Other Business Loans