Is Lendza a Direct Lender?

No. Lendza is not a direct lender. Instead, we are a loan connection service. We have a network of reputable lenders that we try to connect you with. If you are approved by one of these financers, they may offer you a business loan.

How Much is the Service Fee?

At Lendza, we don’t charge you any fees. Completing our request form is completely free. However, each lender sets their own rates for service fees. It is best to discuss this with the lender before signing any agreements.

Does Lendza Conduct a Hard Check Pull?

No. After submitting a request, we conduct a soft credit check. This will not significantly affect your credit score. However, if you connect with a lender and apply for a loan through them, your credit will be thoroughly checked.

What if I Have Bad Business Credit?

If you have poor credit, you will likely end up paying more in interest and fees for your small business funding. You'll also probably have fewer loan options to choose from; however, it doesn't mean you have no options.

What if My Business is Less Than Three Months Old?

A lot of loan providers will ask for your financial history from the last three months. This can be a point of conflict if you are trying to fund a startup, as small business loans are meant for businesses that have already established themselves. New companies are better addressed by a startup loan.

Small Business Funding Online | Start Now

Because you need money to make money

Lendza.com works with trusted providers

How to Get Started

At Lendza, we guide you through the entire funding request process. Here is how it works:

1

Fill out our brief questionnaire and financing request form
2

The request will be routed to our network of lenders
3

You may receive on-screen results in a few minutes. If connected with a lender, you may eventually receive a financing product.

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Request Funding for Your Business

Whether you need money for emergency stock, renovations, employee paychecks, or other business-related expenses – we’ll guide you through the process. When you’re ready to request funding, we may help you find a reputable provider. Our platform is:

Secure

We follow the same 256-bit encryption requirements utilized by government agencies. This means your data always stays safe.
Hassle-free

Our request form only takes a few minutes to fill out and requires minimal information. Additionally, you may receive results on-screen in a couple of seconds.
Reliable

We thoroughly vet the lenders in our network before partnering with them. We ensure they are certified and abide by federal lending regulations.

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How Do I Get Small Business Funding?

The first step is figuring out which type of provider is right for your company. Lendza can help connect you with:

Banks

Locally owned banks are a helpful resource for businesses as they are sometimes interested in building the local economy. Banks typically have higher requirements and a longer application process, but they may provide larger-sum financing.

Online Lenders

There are many reasons why small businesses decide to borrow from an online lender. It can be faster in some cases, and online lenders may be a good fit for companies without collateral.

Types of Loans for Established Small Businesses

There are many different loan products available for small business owners to request. With Lendza, you can submit a request for:

Small Business Administration (SBA) Loans

These loans are sometimes offered by private lenders and backed by the SBA. Rates can be superior to other options since the SBA takes on the risk. There are several types of SBA loans.
Traditional Loans

These loans are offered by banks. Despite the higher requirements, traditional loans may offer higher-sum financing with lower interest rates.
Business Line of Credit

This is like a business credit card, except with a much larger limit. Traditional loans are closed-ended, meaning the relationship is over after the money is paid back. With an open-ended line of credit, a business can keep borrowing and paying back the loan again and again.
Equipment Financing

With this small business funding option, you can finance large equipment purchases. The money can be used for new commercial supplies, such as electronics, vehicles, and heavy machinery.
Business Cash Advance

Also called a merchant cash advance, these loans offer companies an upfront lump sum. The business then repays the loan using a percentage of its future debit and credit card sales plus fees.
Startup Funding

Startup business funding can be used to fund various new business initiatives. This financing option helps launch your business from ideation to establishment.

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What Does It Take to Get a Small Business Loan?

When working with Lendza, you can feel confident that every lender in our network is reputable and reliable. Here is what a small business loan provider may consider while reviewing your application:

Credit score

Lenders will examine your credit score to see if you can take on a loan. If you are already in business, you may also need to submit a credit report for your company.

Potential Collateral

If you apply for a secured business loan, you may need to use an asset to back your loan against default. Assets include equipment, inventory, or real estate.

Annual Revenue

Lenders often require that businesses make an annual revenue greater than $50,000.

Net Operating Income

To ensure you can make your payments on time, you must show proof of net operating income that is at least 1.25 times greater than your expenses.

Debt Service Coverage Ratio (DSCR)

You can determine your business capital eligibility using our DSCR Calculator. Your DSCR compares the money you have available to the debt you owe. Lenders use this ratio to determine how likely you are to repay a loan.

Proof of Age and Citizenship

Applicants must provide documentation to prove they are at least 18 years old and a U.S. resident. Additionally, other documents may be required, including tax returns, bank statements, financial statements, and legal documents.

Note: Some lenders may have additional requirements for getting a small business loan.

Your Credit Score

A provider will look at your personal score as well as your business score when determining your eligibility for a business loan. Of course, a higher credit score is preferable as it may secure you a low interest rate. Nevertheless, you are not out of luck if you have a bad credit score. The lenders we partner with may consider the business’s financial alongside credit when determining eligibility.
Your Company’s Age

While it is illegal for lenders to consider your age when making a loan decision, there is no law prohibiting a lender from looking at the age of your business. In fact, companies with less than six months of experience may find it very difficult to obtain a business loan. Nevertheless, you may still be able to secure startup funding despite the age of the business.
Your Capital

The provider will need to examine your historical cash flow. Businesses that can show six months of healthy finances will likely have a better chance of receiving small business funding options.

How Do Lenders Determine My Rates?

When applying for a loan, our partnered lenders will check to make sure you meet some basic qualifications.

Here’s a list of what a lender may look at to calculate the rates you’ll pay on your loan:

Note: This is not all-inclusive, and your loan provider may use other factors to calculate your interest rates and fees.

The type of loan you need
Your credit rating
Your business credit rating
How long your business has been around
How much revenue your business generates
Whether you’re securing the loan or not
State and federal regulations

FAQ

Is Lendza a Direct Lender?

No. Lendza is not a direct lender. Instead, we are a loan connection service. We have a network of reputable lenders that we try to connect you with. If you are approved by one of these financers, they may offer you a business loan.
How Much is the Service Fee?

At Lendza, we don’t charge you any fees. Completing our request form is completely free. However, each lender sets their own rates for service fees. It is best to discuss this with the lender before signing any agreements.
Does Lendza Conduct a Hard Check Pull?

No. After submitting a request, we conduct a soft credit check. This will not significantly affect your credit score. However, if you connect with a lender and apply for a loan through them, your credit will be thoroughly checked.
What if I Have Bad Business Credit?

If you have poor credit, you will likely end up paying more in interest and fees for your small business funding. You'll also probably have fewer loan options to choose from; however, it doesn't mean you have no options.
What if My Business is Less Than Three Months Old?

A lot of loan providers will ask for your financial history from the last three months. This can be a point of conflict if you are trying to fund a startup, as small business loans are meant for businesses that have already established themselves. New companies are better addressed by a startup loan.

See more answers to our frequently asked questions

Testimonials

Restaurant Financing

When you need fast business capital, we can help you try to find a provider that can fund you sooner rather than later.

“It was very important to get the funds quickly for my business, and Lendza was able to help … I had a very good experience with their website and their services overall … I would definitely recommend Lendza to my friends.”

— Marvin
Funding for Nonprofits

We provide excellent customer service to help you find your way through the complex world of small business funding.

“Thanks for the referral of funding options. You were very prompt in trying to assist me with my funding needs. I feel very hopeful that I will be able to pursue my business plans. Thanks for listening and understanding.”

— Anissa
Health Services Financing

Don't let a temporary lack of funds keep you from providing important health services to your clients.

“That was easy. Thanks. Thanks for helping me get funded.”

— Patricia

Small Business Funding Up To $350,000

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