At Lending Co., we take small business seriously. After all, in 2008 Lending Co. was itself a small business. Our management team knows first-hand the struggles of starting and growing a business and sustaining relevance in an increasingly competitive economy. That’s why we have a specialized department available to small business owners to simplify the process of obtaining financing. Business loan packages are available for virtually every industry, length of time in business and level of sales volume.
The application process is fast, and our Business Loan Specialists are here to guide you through the entire process to make sure your loan request is handled in the most efficient way possible.
[tc_accordion style=”6″ accordion_color_scheme=”midnightblue.css” show_first=”false”][tc_accordion_item acdn_title=”WHAT IS A BUSINESS LOAN?”]A business loan is money lent to a business institution to be used to cover business expenses. Business loans can be utilized to pay wages and salaries, cover inventory purchases, marketing expenses and a multitude of other things. Companies use business loans when they do not have or simply do not wish to use their own cash in various situations.[/tc_accordion_item][tc_accordion_item acdn_title=”WHAT IS THE MAXIMUM I CAN BORROW?”]Loan amounts can vary by the state in which the company is registered. In most states loan amounts range from a minimum of $5,000 to a maximum of $250,000 with our lenders.[/tc_accordion_item][tc_accordion_item acdn_title=”ARE THERE ANY PREPAYMENT FEES?”]No. None of the business loan programs we work with have any pre-payment penalties.[/tc_accordion_item][tc_accordion_item acdn_title=”WILL MY CREDIT BE AFFECTED?”]To check the rates and terms you qualify for, Lending Co. conducts a soft credit pull that will not affect your credit score. However, if you choose to accept funding the lender will request a full credit report from one or more consumer reporting agencies in order to fully verify the application and your identity.[/tc_accordion_item][tc_accordion_item acdn_title=”HOW LONG TO RECEIVE THE FUNDS?”]After you have completed the initial application process and received loan offers. Lenders may ask to verify certain business and personal information. Once the information has been reviewed and verified, lenders generally make funds available in 1 to 5 business days[/tc_accordion_item][/tc_accordion]
