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Lendzi In-Depth Review
In a nutshell: Lendzi is a U.S.-based online marketplace that connects small businesses to over 60 lending partners, simplifying access to diverse business loans, including SBA, term loans, equipment financing, merchant cash advances, and lines of credit, starting from $5,000 up to $5 million. Notably, it accepts lower credit scores (as low as 500), offers quick funding (sometimes within 24 hours), and charges no cost for applying or impact on credit during quote generation.
Lendzi In-Depth Review
In a nutshell: Lendzi is a U.S.-based online marketplace that connects small businesses to over 60 lending partners, simplifying access to diverse business loans, including SBA, term loans, equipment financing, merchant cash advances, and lines of credit, starting from $5,000 up to $5 million. Notably, it accepts lower credit scores (as low as 500), offers quick funding (sometimes within 24 hours), and charges no cost for applying or impact on credit during quote generation.
Lendzi In-Depth Review
In a nutshell: Lendzi is a U.S.-based online marketplace that connects small businesses to over 60 lending partners, simplifying access to diverse business loans, including SBA, term loans, equipment financing, merchant cash advances, and lines of credit, starting from $5,000 up to $5 million. Notably, it accepts lower credit scores (as low as 500), offers quick funding (sometimes within 24 hours), and charges no cost for applying or impact on credit during quote generation.
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Overview

Lendzi, headquartered in Los Angeles and founded in 2020, is an online loan marketplace that connects U.S. small businesses with a network of over 60 vetted lending partners. Since its inception, it has facilitated more than $500 million in funding for entrepreneurs across the nation.

It caters to a broad spectrum of borrowers, including startups, established businesses, and those with less-than-ideal credit, matching them with financing options that suit varied purposes such as working capital, equipment, inventory, payroll, or refinancing.

Lendzi stands out by offering rapid quote generation and funding, a streamlined digital application process, and no-cost access to multiple loan options without impacting credit scores. Its marketplace approach simplifies comparisons and accelerates funding decisions, though borrowing costs can vary significantly across lending partners.

Features

Lendzi offers access to a comprehensive suite of business financing options through its network:

  • Loan Products: Includes SBA loans, term loans, working capital, equipment financing, lines of credit, invoice factoring, merchant cash advances, and commercial mortgages.
  • Loan Sizes: Funding ranges from $5,000 for small needs up to $5 million for SBA and major financing needs.
  • Credit & Eligibility Flexibility: Accepts personal credit scores as low as 500; many programs require only six months to a year in business and various revenue thresholds.
  • Marketplace Convenience: Single application, no hard credit check, cost-free access to multiple prequalified offers.
  • Speed: Funding can arrive in as little as 24 hours from approval.

Application Process

Applying through Lendzi is straightforward and efficient:

1. Prequalification via Soft Credit Pull

  • Begin by filling out a “See Your Options” form on Lendzi’s site regarding the loan amount and purpose, business history and revenue, and estimated credit score.
  • No hard credit check is performed at this stage.

2. Matching & Comparison

  • Lendzi’s system matches you to suitable offers from its network of 60+ lenders.
  • Compare multiple financing options in one place at no cost.

3. Consultation with Loan Specialist

A specialist may reach out to clarify financial details and documentation needs.

Depending on the loan type, this may involve providing bank statements, tax returns, or proof of business operations.

4. Approval & Funding

After selecting an offer, approval and funding may occur in as little as 24 hours.

Customer Support

Lendzi offers multiple, accessible support channels backed by strong customer satisfaction:

  • Email: info@lendzi.com
  • Contact Form & Phone: Available on their site; hotline (877) 453 6394
  • Locations: Offices in Los Angeles, New York, Boca Raton, and Austin.

Bottom Line

Lendzi delivers fast, flexible business financing via a modern, no-cost online marketplace. With diverse loan types, wide loan amounts, and acceptance of lower credit profiles, it suits many small businesses, especially those needing quick funding, though careful review of terms is essential due to potentially high rates and factor fees.

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

prosAndCons icon
PROS
  • Loan range $5K–$5M
  • Accepts lower credit scores
  • Funding within 24hrs
prosAndCons icon
CONS
  • Fees apply
  • Not a direct lender
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Top 3 Lenders
Lendzi at a Glance
9.2Editorial Score
Loan terms
9.0
Very competitive interest rates and provides good flexibility with terms that can be adjusted to suit various business models
Application process
10
Lendzi's application process is quick and mostly online, requiring only essential documentation
Eligibility requirements
9.0
Eligibility requirements are well-defined and accessible, include businesses with slightly less-than-perfect credit histories
Additional benefits
9.0
Access to financial advisors, broad selection of educational materials and tools, some perks for repeat borrowers
Customer service and support
9.0
Offers extended support hours, multiple contact methods, quick responses, and knowledgeable staff
FAQs About Working Capital Loans
What is the easiest way to get a working capital loan?
Online lenders typically offer the fastest and simplest process, with fewer documents and funding in as little as 24 hours.
Can I get a working capital loan with bad credit?
Yes, but options may be limited. Expect higher rates or the need for collateral. Merchant cash advances or invoice financing may be more accessible for bad credit borrowers.
How much working capital do I need for a small business?
Working capital needs vary based on monthly expenses. A common benchmark is 1 to 3 months of operating costs as a buffer.
What is the difference between working capital and business credit?
Working capital measures liquidity, and business credit is your borrowing reputation. Both influence your financing options.
Are working capital loans good for startups?
Startups under six months old may struggle to qualify. Consider alternative funding, such as grants, invoice factoring, or equipment leasing if you're a newer company.
Do working capital loans affect my credit score?
Yes, especially if the loan is personally guaranteed or reported to credit bureaus. Late payments can negatively impact scores.
Can I use working capital funding for marketing or hiring?
Yes. Many businesses use these funds for growth initiatives like advertising, new hires, or seasonal expansion.
What are the pros and cons of merchant cash advances?
Pros: Fast access, no fixed payments.
Cons: High cost, daily deductions, potential cash flow strain.
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