Overview

In business since 1998, LendingTree operates an online lending service connecting borrowers with their network of reputable lenders, banks, and credit partners. When applying for a business loan, lenders will compete to provide the best offer. That means businesses can shop around for ideal rates and terms.

Through LendingTree, businesses can secure a loan between $2,000 to $1,000,000. Once approved, LendingTree borrowers can receive their money as quickly as 24-48 hours. APRs vary between each applicant and typically range between 6.5% to 9%. The service offers a variety of different business loan types 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.

Features

LendingTree makes a great choice, especially for small businesses. Rather than providing loans directly, LendingTree serves as a loan aggregator matching businesses with their network of lenders. Applicants can shop around for the best offer and compare rates from different lenders before accepting a loan. Small businesses looking to expand can apply through LendingTree to secure loans between $2,000 to over $1,000,000. Once approved, businesses can expect to receive their money within 24-48 hours.

Application Process

LendingTree has an easy online application. Applicants just need to fill out a quick form that consists of just 10 questions. The application includes information such as the requested loan amount, down payment, and credit history. After submitting, LendingTree will respond with a list of loan offers from their network.

Keep in mind that prior to approval, businesses will need to prequalify. Although most lenders will require a credit score of at least 500, applicants with lower credit scores may still qualify. LendingTree also offers a free service to help businesses improve their credit and qualify for better loan offers.

Repayment Terms

LendingTree business loans doesn't directly provide loans. Instead, they work with a network of financial institutions, connecting applicants to different lenders. Because of this, borrowers have the flexibility to shop around for different loan offers and repayment terms. Available rates vary between each lender and also depend on factors such as the business's credit score and monthly revenue. Typically, APRs range between 6.5% to 9%.

Customer Support

LendingTree offers friendly, responsive customer service. To contact support directly, businesses can choose between phone or online contact form. The company also hosts social media pages on YouTube, Twitter, Facebook, Instagram, and Google+. In addition to using their service through your PC, LendingTree boasts a mobile app that users can download on iOS or Android devices. This makes it easy to manage your account from anywhere on the go.