SuperMoney
  Lendini Merchant Cash Advance
Lendini Merchant Cash Advance
in Merchant Cash Advance from Lendini LLC
Unaffiliated

Lendini Merchant Cash Advance

Unaffiliated
in Merchant Cash Advance from Lendini LLC
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.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
Explore a similar product
Try this top product in Merchant Cash Advance.
Finance Factory Merchant Cash Advance
Finance Factory Merchant Cash Advance

Rating not yet determined  

0 reviews
Highlights
Community Rating

Rating not yet determined  

Factor Rate N/A
Loan Amount $1,000 - $250,000
Minimum Revenue $90,000
APR  (Fee-Based Product) N/A

Lendini Merchant Cash Advance Review

Lendini Merchant Cash Advance is offered by Lendini LLC, a financial services company founded in 2015 and based in Langhorne, PA. Lendini Merchant Cash Advance is available in 50 states (and Washington, DC).

Lendini Merchant Cash Advance FAQ

Does Lendini Merchant Cash Advance charge prepayment fees?

Yes, Lendini Merchant Cash Advance charges additional fees to borrowers who pay off their Lendini Merchant Cash Advance 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 Lendini Merchant Cash Advance early.

How much cash can you advance from Lendini Merchant Cash Advance?

Cash advance amounts start at $1,000 and go up to $250,000.

What types of repayment method does Lendini Merchant Cash Advance accept?

Lendini Merchant Cash Advance accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

How often does Lendini Merchant Cash Advance process payments?

Lendini Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Lendini Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Lendini Merchant Cash Advance charge an origination fee?

Yes, Lendini Merchant Cash Advance charges a origination fee.

What is the minimum repayment amount required by Lendini Merchant Cash Advance?

There is no minimum repayment ammount.

What are the business financing requirements for Lendini Merchant Cash Advance?

To apply for Lendini Merchant Cash Advance, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for Lendini Merchant Cash Advance?

Applicants with a credit score of at least 450 and up to 850 may be eligible for Lendini Merchant Cash Advance.

Lendini Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

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 Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

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

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

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity

What limitations does Lendini Merchant Cash Advance set on the purpose of the merchant cash advance?

Lendini Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

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

Other Services by Lendini LLC

Availability

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

Feature Breakdown

Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 450 - 850
Immigration Status Considered
  • U.S. Citizen
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 3
Minimum Revenue $90,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 3 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Up to 1 day
Payment Frequency Daily
Payment Options
  • Automatic Payments
  • Bank Transfer
Repayment Methods
  • Split Withholding
  • ACH Withholding
APR Type Fee-Based Product
Loan Amount $1,000 - $250,000

Lendini Merchant Cash Advance Community Reviews

 

Would you recommend Lendini Merchant Cash Advance 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
(will require moderator approval)

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.

sorted by