The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.
Adv Disclosure
We aim to provide valuable content and useful comparison features to our visitors through our free online resource. It's important to note that we receive advertising compensation from companies featured on our site, which influences the positioning and order in which brands (and/or their products) are displayed, as well as the assigned score. Please be aware that the inclusion of company listings on this page doesn't imply endorsement. We don't feature all providers available in the market. Any information presented on this page, including pricing, is subject to change without notice. We want to emphasize that we disclaim all representations and warranties concerning the accuracy of the information provided on this site, unless otherwise explicitly stated in our Terms of Use
Close
defaultdefault
default
Very Good
Apply Now
LendingTree In-Depth Review
In a nutshell: LendingTree is an online lending marketplace. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. The company has partnered with over 400 financial institutions worldwide since its launch in 1996.
LendingTree In-Depth Review
In a nutshell: LendingTree is an online lending marketplace. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. The company has partnered with over 400 financial institutions worldwide since its launch in 1996.
LendingTree In-Depth Review
In a nutshell: LendingTree is an online lending marketplace. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. The company has partnered with over 400 financial institutions worldwide since its launch in 1996.
default

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.

prosAndCons icon
PROS
  • 24-48 hour turnaround
  • Excellent support
  • Mobile app
prosAndCons icon
CONS
  • No live chat support
topThree icon
Top 3 Lenders
LendingTree at a Glance
7.2Editorial Score
Loan terms
6.0
Loan aggregator
Application process
8.0
Application process is straightforward and can be completed online
Eligibility requirements
8.0
Clear and fair eligibility criteria, including standard industry requirements,
Additional benefits
6.0
Limited access to financial advisors, not very comprehensive resources, few benefits for repeat borrowers
Customer service and support
8.0
Available during business hours, multiple contact methods, reasonable response times,
FAQs About Merchant Cash Advance Loans
Looking for a merchant cash advance loan but not sure where to start? We're here to help! In addition to our in-depth brand reviews, we provide answers to some of the most commonly asked questions about merchant cash advance loans.
What is a Merchant Cash Advance?
A merchant cash advance (MCA) is a lump sum of capital given to a business in exchange for a percentage of future sales. The repayment is tied to daily credit card transactions, making it a flexible and fast funding option for businesses with fluctuating sales.
How do Merchant Cash Advances work?
With a merchant cash advance loan, you receive a lump sum upfront and repay it through a percentage of your daily revenue or credit card sales. The more sales you make, the faster you repay.
What are the benefits of a Merchant Cash Advance?
Merchant Cash Advance terms will vary depending on influencing factors. However, some typical terms apply:

  • Quick funding: Access cash in 24-48 hours.
  • Flexible repayment: Payments are based on sales.
  • No collateral: No assets required.
  • No credit score check: Approval depends on revenue, not credit score.
Are Merchant Cash Advances expensive?
MCA loans can be more costly than traditional loans due to higher fees and daily repayments. However, they offer faster funding and more flexibility for businesses with variable sales.
Who is eligible for a Merchant Cash Advance?
Eligibility typically requires a business with at least 6 months of operation, consistent monthly revenue (usually $5,000 or more), and a strong history of credit card sales.
How much can I borrow with a Merchant Cash Advance?
The amount you can borrow depends on your business’s monthly credit card sales. Lenders offer a percentage of those sales as an advance.
Is a Merchant Cash Advance right for my business?
MCA loans may be an option for businesses that need fast funding but don’t qualify for traditional loans, particularly those with high credit card sales or seasonal income.

Alternatives to this include small business loans, which you can apply for through banks or online lenders. You can choose from short-term or long-term business loans, depending on your financial circumstances. This option will always run a credit check, however, interest rates are relatively lower so acts as a suitable alternative for Merchant Cash Advances.

*American Express Business Line of Credit Disclosure: All businesses are unique and are subject to approval and review. The required FICO score may be higher based on your relationship with American Express, credit history, and other factors. American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval. This chart contains general information about the American Express® Business Line of Credit installment loan type only.
**Biz2Credit Disclosure: See website for details. Varies depending on product and qualifications.
Back To Top