We welcome LendingClub, a juggernaut in the online lending industry, in our business lenders ranking. Furthermore, we welcome this company as our FIRST choice for business loans together with OnDeck due to its well known business trajectory and ethics as well as its high approval rate for small business loans. As proof of LendingClub success, its stocks are trading successfully in Wall Street under LC even though the company is relatively young since it was funded in 2007.
What does LendingClub offer? This lender’s brand awareness great success is supported by its low interest rates from 5.99% and business loans and lines of credit for small businesses in all United States up to $300,000. Lending Club big advantage as a lender – besides the above mentioned – is its business model using peer-to-peer lending (like Prosper). It means that all business loan requests are canned, filed and listed right away (if successfully pre-qualified) in its internal network where hundreds or even thousands of private investors can fund the requests. By private investors, I don’t mean banks or financial entities, but real people like you and me. Because of that, LendingClub has loaned more than $11 billion as of today.
LendingClub offers its online business lending services throughout all the United States with the exception of Puerto Rico and Virgin Islands. To request more information regarding business loan options within your state, please call us at (888)342-4279.
LendingClub Small Business Loans Services
Besides offering lines of credit for small businesses throughout United States, Lending Club offers fixed rates business loans with friendly terms from 1 up to 5 years, loan amounts up to $300,000 and low fixed interest rates starting at 5.99% for those who meet the criteria. Their loan origination fees are the lowest in the market starting at 0.99% which has been well received for most consumers. Once you apply for a business loan online through LendingClub main website, you will receive quotes and offers in literally less than 5 minutes.
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LendingClub has been proudly advertising that 95% of all their customers are willing to recommend Lending Club lending services to a friend or a family member. The statistics above are a result of internal surveys made among LendingClub consumers when they are in the middle and after the loan process. Furthermore, this lending company has an A+ accreditation in BBB (Better Business Bureau) which is a visible sign of their customer-friendly approach and their real concern to solve any issues with unsatisfied consumers.
