In a Nutshell

Lendtek is an AI-powered business loan marketplace that connects businesses with 100+ lending partners through a single online application, providing access to financing from $100 to $100 million across a wide range of products. The platform uses proprietary technology to match applicants with financing options based on their business profile and needs, and offers a mobile-first experience through iOS and Android apps. Available financing solutions include SBA loans, term loans, business lines of credit, equipment financing, merchant cash advances, invoice financing, revenue-based financing, HELOCs, business credit cards, and more. Same-day funding is available on qualifying products.

Highlights

• AI-powered matching with 100+ lending partners
• Financing from $100 to $100 million
• Single application for multiple lenders
• Multiple business financing products
• Same-day funding available on qualifying products
• Mobile app (iOS and Android)
• Dedicated SMB Financing Specialists
• Online application process
• SBA and alternative financing options

Pros & Cons

Overview

Lendtek is an AI-powered online loan marketplace that uses proprietary technology to help match businesses with financing options from a network of 100+ lending partners. Instead of applying to each lender individually, applicants complete one application and are matched with options that fit their business profile and financing needs — with access to financing ranging from $100 to $100 million across the marketplace.

Available products include SBA loans, business lines of credit, equipment financing, merchant cash advances, invoice financing, traditional term loans, revenue-based financing, HELOCs, business credit cards, asset-based financing, commercial real estate financing, and consolidation and refinancing options. The platform also offers a mobile-first experience through iOS and Android apps, allowing business owners to apply and manage the process from their mobile devices.

Features

• SBA Loans
• Business Term Loans
• Business Lines of Credit
• Equipment Financing
• Merchant Cash Advances
• Accounts Receivable / Invoice Financing
• Revenue-Based Financing
• Gig Worker & 1099 Financing
• Home Equity Lines of Credit (HELOCs)
• Business Credit Cards
• Asset-Based Financing
• Commercial Real Estate Financing
• Consolidation & Refinancing
• Secure online application
• Mobile app (iOS and Android)
• Dedicated SMB Financing Specialist

Application Process

The application is completed online by providing basic business information, funding needs, and financial details. Lendtek's AI-powered platform then matches applicants with lenders in its network. Final approval, loan terms, and funding decisions are made by the participating lender.

Same-Day Funding

Lendtek offers same-day funding on qualifying products, allowing eligible applicants to move from application to funding quickly when timing is important.

Mobile Experience

Lendtek offers a mobile-first financing experience through iOS and Android apps, allowing business owners to apply for financing and manage the process directly from their mobile devices.

Prepayment Benefits

Many financing options available through Lendtek offer prepayment discounts, allowing borrowers to reduce their financing costs when they choose to pay off early. The availability and amount of prepayment discounts vary depending on the specific product and lender.

Gig Worker & 1099 Financing

Lendtek offers revenue-based financing specifically designed for gig workers, independent contractors, freelancers, 1099 workers, and self-employed individuals, including Uber and Lyft drivers, delivery drivers, app-based workers, and other side hustles.

Eligible applicants can receive up to $15,000 in initial funding, with returning customers potentially qualifying for up to $20,000. Qualification is primarily based on income and deposit activity rather than traditional credit requirements. Applicants generally need at least three months of 1099 or business income and consistent deposit activity. The application process is fully online, and qualified applicants may receive funding within minutes.

Home Equity Lines of Credit (HELOCs)

Lendtek offers HELOCs that allow business owners to access up to $750,000 of their home equity for business purposes, including working capital, expansion, equipment, inventory, hiring, and other business expenses.

The application process is 100% online, with approvals available in as little as five minutes and funding in as few as five days. Business owners can use business income and business bank accounts to help verify income and qualify. Checking available rates and terms uses a soft credit inquiry and does not impact the applicant's credit score.

Repayment Terms

Repayment terms depend on the selected financing product and lender. Businesses should review interest rates, fees, repayment schedules, and loan agreements before accepting an offer.

Customer Support

Phone: (855) 536-3835

Email: info@lendtek.com

Website: https://www.lendtek.com

Lendtek also provides an online FAQ and dedicated SMB Financing Specialists to assist applicants throughout the process.

Bottom Line

Lendtek is an AI-powered, mobile-first loan marketplace that gives businesses access to financing from $100 to $100 million through a network of 100+ lending partners — all through a single online application. Its proprietary matching technology pairs applicants with relevant financing options based on their business profile, while dedicated SMB Financing Specialists provide personalized support along the way. With same-day funding available on qualifying products, a broad range of financing solutions, and a mobile app for iOS and Android, Lendtek is a convenient option for businesses of all sizes. As with any marketplace, borrowers should carefully compare lender offers, interest rates, and repayment terms before making a decisi

Disclaimer

AI was used in the creation of this content, along with human validation and proofreading.