SBA Loan by Lendistry

SBA Loan by Lendistry

Lendistry’s SBA Loans offer qualifying businesses planning for long term growth rates no higher than 10.25%*, terms up to 10-years, and monthly payments. Lendistry’s experienced team members and streamlined online application can expedite the SBA process, and our access to state and federal loan guarantee programs mean we can be more flexible with collateral requirements. *Varying rates subject to loan amount, loan term, and current prime rate.

9/10

Cost
10% Complete
Low High
Effort to Apply
70% Complete
Easy Difficult
Funding Speed
65% Complete
Months Minutes
Repayment Terms
90% Complete
Months Years

Bottom Line

A great SBA option for those that qualify.

Pros

Loans up to 10 years to keep monthly payments low. Great rates. High funding amounts and potentially quicker funding speeds than other SBA options.

Cons

2% packaging fee and a UCC filing. Only lends to California businesses.

Qualification requirements

Time in Business

At least 1 year in business

Annual Revenue

At least $150,000

Knockouts

No bankruptcies in the past 3 years. No more than 3 MCA UCC filings. No default or government debt. No defaults on government debt.

Cost
6% - 10.25% APR
Repayment Terms
Monthly payments for 1 - 10 years
Funding Amount
$50,000 - $5 million
Origination Fee
None
Funding Speed
2 - 4 weeks
Other Fees
$100 for UCC filing; 2% packaging fee

Reviews

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.



March 19 2018

If you are looking to waste your time, get nowhere, no guidance, no feedback, no financing options and a total runaround from a bunch of incompetent children with no experience look no further than Lendistry. As if Chase bank was not incompetent enough, their referral to Lendistry was even more of a joke, annoying and ridiculous. Their analysis process is a great case study for kindergarten children. SBA should be ashamed of themselves! not equipped to help small businesses with tons of potential, products in demand, on line customers and purchase orders from major industry players. We need to find better, more competent solutions for hardworking, focused, experienced and talented entrepreneurs creating jobs for America!

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