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Pros
  • Well-known lenders
  • Variety of loan types
  • Mobile app
Cons
  • No live chat
Bottom Line
LendingTree delivers a range of business loan options from well-known financial institutions to help finance and grow your business.
Top 5
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9.9
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9.6
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9.0
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8.9
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8.5
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Overview

LendingTree provides a quality business loan service, matching small business with a suitable loan for their needs. Their network of lenders includes well-known and established financial institutions like Citi and Wells Fargo. Whether looking to increase staff, purchase equipment, expand operations, or pay off debt, LendingTree business loans can match you with lenders offering a variety of rates and terms.

Before accepting an offer, potential borrowers must prequalify for the loan. Most of their lenders look for a credit score of at least 660 or above 700, but borrowers with lower credit can find options at LendingTree. The website has a free credit score service as well as advice for improving credit.

Loan Features

LendingTree business loans are the ideal option for small businesses because they allow customers to choose the best rates and terms among the listed offers. Rather than provide loans directly, LendingTree sends businesses to its network of lenders before displaying the loan offers. Businesses can compare offers side by side before choosing the best loan for their business. Loans range from under $15,000 up to above $300,000. Once approved, customers can receive their loans within 24-48 hours.

LendingTree works with a variety of businesses including sole proprietorships, partnerships, corporations, S corporations, and limited liability companies. Business financing encompasses many types of loans including small business loans, SBA loans, short and long-term loans, business line of credit, working capital loans, equipment financing, accounts receivable financing, and business credit cards.

Application Features

Before accepting an offer, potential borrowers must prequalify. Most of their lenders look for a credit score of at least 660 or above 700, but borrowers with lower credit can find options at LendingTree. The website has a free credit score service as well as advice for improving credit. Businesses can apply online for free to view offers without making any commitment. The basic application includes 10 questions. Applicants need to submit information such as requested loan amount available down payment, and credit history. Then businesses can compare up to four lenders.

Repayment Terms

Because LendingTree connects businesses with many lenders within their network, small businesses can choose repayment terms for themselves among the list of loan offers. Rates usually range between 6.5% to 9% APR.

Customer Support

LendingTree's customer service is comprised of a responsive support team available by phone or online contact form. LendingTree also hosts social media pages on YouTube, Twitter, Facebook, Pinterest, Instagram, and Google+. The mobile app available for iOS and Android devices allows customers to manage their loans from mobile devices.

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