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Lendza Small Business Loans Review


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Lendza is a California-based online marketplace focused on helping small businesses obtain working capital via their network of lenders.

Their wide range of financing products include merchant cash advances, SBA loans, startup funding, lines of credit, accounts receivable financing, among many others. Some of these options require high personal credit scores. Lendza has a 4-star TrustPilot score.
 
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How is Lendza rated?

Breakdown

4.8/5
Loan Options
4.3/5
Application Requirements
4.3/5
Average Rates & Fees

Overall Rating: 4.5 / 5 (Excellent)

Lendza stands out from the small business loan pack by providing very high term, equipment, and line of credit loans maximums with highly flexible repayment term lengths.

Add to this the fact that they also offer most other small business loan options they are a great choice for borrowers who want to explore all their options.

It is, however, unclear which partners Lendza affiliates with and how much customer support, if any, Lendza is able to offer itself. APRs, fees, and qualifications are wholly dependent on the matched lender.

Loan Options

Available Loan Types

SBA Loans
Revenue-based Financing
Equipment Funding
Working Capital Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

SBA Loans

Min. Loan Amount
$5,000
Max Loan Amount
$5,000,000
Max Term Length
25 years

Term Loans

Max Loan Amount
$500,000
Max Term Length
60 months
Repayment Terms
Repayment terms will depend on lender.

Business Lines of Credit

Min Loan Amount
$1,000
Max Loan Amount
$1,000,000
Min Term Length
6 months
Max Term Length
240 months
Repayment Terms
Depends on chosen lender

Invoice Financing

Loan Amount
Up to 80% of the Account Receivable
Min Term Length
3 months
Max Term Length
3 months
Repayment Terms
Repayment terms will depend on lender.

Merchant Cash Advance

Max Loan Amount
$200,000
Max Term Length
9 months
Repayment Terms
Since loans are backed by future earnings, loan terms and repayments will vary.

Equipment Loans

Max Loan Amount
$5,000,000
Min Term Length
12 months
Max Term Length
72 months

Loan Options - 4.8 / 5

Lendza is an online small business loan marketplace that provides borrowers with access to almost every type of small business loan available.

The company offers a strong term loan maximum of $500,000,the highest line of credit maximum at $1 million, and also the highest equipment loan maximum at $5 million.

Lendza also features some of the most flexible terms for term loans, equipment loans, and particularly lines of credit, repayment of which can range from 6 months to 20 years.

Lendza Rates & Fees

SBA Loans

Min APR
6.5%
Max APR
9.0%

Term Loans

Fees: Lendza advertises term loan rates of 7%-30%. Since fees and terms will depend on the chosen lender, accurate APRs cannot be calculated.

Lines of Credit

Fees: Lendza advertises line of credit rates of 7%-25% with repayment terms of 6 months to 20 years, but since the financing fees will vary by lender, accurate APRs cannot be calculated.

Invoice Financing

Min APR
34.92%
Max APR
83.6%

Merchant Cash Advances

Fees: Factor rates will range between 1.14 and 1.48.

Equipment Loans

Fees: Lendza advertises equipment loan rates of 7.5%-45% with repayment terms of 1 - 6 years, but since the financing fees will vary by lender, accurate APRs cannot be calculated.

Average Rates & Fees - 4.3 / 5

Lendza advertises interest rates for all of their loan products, but since associated fees and term lengths depend on the lender selected, it is impossible to calculate APRs with any degree of accuracy.

The low range rates that Lendza quotes would likely translate to competitive APRs, but these would only be available to the most qualified borrowers.

Application & Qualifications

Online Application
Funding Time
1-30 days, depending on the loan type.

Application Requirements - 4.3 / 5

Lendza offers an online application, but funding can take as long as a month depending on the loan type. Additionally, other requirements, such as credit score and annual revenue, vary depending on the chosen lender.

Generally speaking, you must be a US citizen or permanent resident, have a valid bank account, and be at least 18 years old.

Lendza Reputation

Customer Feedback

Trustpilot Score
7.9 out of 5
Date Collected
2017-08-23

Consumer Education - 4.5 / 5

In terms of customer feedback concerning Lendza, there is not much available information, as the company is a relatively new online aggregator.

Lendza has a Trustpilot score of 7.9, which is generally good, but low as compared to the other small business loan providers we evaluated.

Contact & Additional Information

Homepage URL
https://lendza.com/
Company Phone
(212) 213-2238
Headquarters Address
1111 N Brand Blvd., Suite 401, Glendale, CA, 91202

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Our Partner

Applying won’t affect credit score

  • Loan Amounts: $5,000 to $250,000
  • Average Yearly Revenue requirements: $100,000
  • Minimum Credit Score: 625 FICO
  • Minimum Time in Business to apply: 1 year
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