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LendingTree Small Business Loans Review


Rating: 9.2 / 10 (Excellent)
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LendingTree is a North Carolina-based online lender exchange founded in 1996 that can connect consumers with multiple lenders, and provide online tools to aid them in their financial decisions. The company enables lenders to offer various loans, including small business loans, mortgages and refinance loans, home equity loans, auto loans, personal loans, and more. LendingTree has a 5-star TrustPilot rating and an A+ score with the BBB.

How is LendingTree rated?

Breakdown

10/10
Loan Options
9/10
Application Process
10/10
Rates & Fees
8/10
Reputation

Overall Rating: 9.2 / 10 (Excellent)

LendingTree is a great choice for small business loans, mainly due to the company's flexibility. Few loan marketplaces have the reach of LendingTree's vast network of loan providers. Also, the platform offers the ability to compare almost all different types of small business loans, whereas most lenders only focus on one or two. However, loan terms and qualification parameters do vary greatly by lender, so it is difficult to paint an accurate picture of what to expect from the LendingTree experience. Also, though the company is favorably reviewed, they also have a disproportionate number of negative reviews that are mainly centered around customers getting unsolicited phone calls from lenders.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Loan Options - 10 / 10

LendingTree is an online marketplace that can connect customers with most types of small business loans. The platform can retrieve quotes for short and long term loans, equipment financing, invoice financing, SBA loans, and business lines of credit. As with its other loan products, LendingTree can get competing quotes from various lenders and disperse funds in as little as 24-48 hours. Terms and loan amounts are as varied as LendingTree's vast network of lenders. Compared with other small business loan providers, LendingTree offers much more flexibility in term of loan options.

LendingTree Rates & Fees

SBA Loans

Min APR
6.5%
Max APR
9.0%

Term Loans

Fees: Depends on chosen lender

Lines of Credit

Fees: Depends on chosen lender

Invoice Financing

Fees: Depends on chosen lender

Equipment Loans

Fees: Depends on chosen lender

Rates & Fees - 9.8 / 10

Since LendingTree can offer quotes from its vast and ever-changing stable of lenders, the company provides the most flexible range of rates available for small business loans. The platform will shop your loan to various entities, allow them to compete for your business, and present you with options with the lowest rates and fees.

Application & Qualifications

Online Application
Approval Time
Minutes
Funding Time
24-48 hours

Application Process - 9 / 10

With accurate information, LendingTree can provide offers from multiple lenders within minutes. Funding, however, depends on the process your selected lender employs. Customers report receiving money anywhere from a couple days to over a month. Additionally, credit score, annual revenue, and years in operation requirements vary depending on the chosen lender.

LendingTree Reputation

Customer Feedback

TrustPilot Score
9.4 out of 10
BBB Rating
A+
BBB Positive Reviews
57
BBB Neutral Reviews
10
BBB Negative Reviews
54
Date Collected
2017-08-23

Reputation - 8 / 10

LendingTree has a excellent 9.4 rating on Trustpilot. Aside from this, though, the company has a more uneven reputation among other review websites. Although the BBB assigned LendingTree an A+ accreditation, the majority of customer reviews are negative. Common complaints are that after submitting personal information, the customer is then bombarded by unsolicited calls from many lenders.

Contact & Additional Information

Homepage URL
Company Phone
(800) 310-1860
Headquarters Address
11115 Rushmore Dr., Charlotte, NC, 28277
Year Founded
1997

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