Who are Lendzi business loans best for?
Applicants of all credit profiles might qualify through Lendzi, so it can be good for business owners with low scores. Funding is available in as little as 24 hours, making this platform an attractive choice for fast capital.
Lendzi works with many lending partners, so you can easily compare rates, fees and terms to pick the best deal.
Who might Lendzi not be a fit for?
Few loan details are available before completing a Lendzi application. You cannot see borrowing limits or qualification requirements ahead of time.
Business owners with an existing relationship with a financial institution might be able to access favorable terms by working directly with that lender.
Types of business loans available
Lendzi offers several business loan types so borrowers can find the best funding for their needs.
Business line of credit
A business line of credit can be good for managing unexpected business expenses, as it offers a revolving credit line you can draw from multiple times. Limits can be $100,000 or more. Payment structures vary by lender.
Business term loan
Lendzi features various partner lenders offering business term loans—lump sums with equal installment payments. Borrowing limits vary by lender and typically range from $5,000 to $2 million.
Equipment financing
Equipment loans finance essential business equipment, from production machinery to communication systems. Borrowing limits are usually determined by the equipment’s value but can range from $2,000 to $2 million. The equipment secures the loan.
Merchant cash advance
A merchant cash advance, which some Lendzi partners offer, can be easier to qualify for than other business loans. Lenders offer lump sums based on future sales, but fees can be high. Repayment terms and borrowing costs vary by lender.
SBA loan
Loans backed by the SBA frequently offer more favorable terms than other business loans. You can use an SBA loan for various purposes, including purchasing real estate, managing cash flow or financing equipment.
Lendzi business loan details
Complete a Lendzi application to view partner loan offers, including borrowing limits, interest rates, fees and payment terms. Lenders set terms independently, and they vary based on loan type or applicant qualifications.
