Does it cost anything to apply for funds and see what my options are?
No, the application process does not cost you anything and after receiving your offers you are not obligated to accept them. No cost and no obligation.
Do I have any control on the payback terms for either the business term loan or the merchant cash advance?
Yes. We will do our best to customize the terms based on your needs. Are you more interested in a longer payback term with higher fees or shorter payback term with lower fees? This is one of the questions we will ask to match you up to the product that best fits your funding goals.
How difficult is the application process?
Not at all. The paperwork requirements are streamlined and a member of our team will walk you through the entire application process and present you with your options.
It says that Lendolo deals with a large network of lenders. Am I going to be receiving calls from multiple companies with offers?
No. We handle the entire process and work directly with you. Once we receive the best offers available to you based on your funding goals we will present them and you make the final decision. If you are unhappy with the offers that are available there is no obligation for you to commit.
Is my information secure?
We use the latest technology to ensure your transmitted information is protected. Furthermore, your information is only used to secure funding and will not be used for any other purpose.
I need an answer quickly on funding options how do I speed up the process?
We can get you an answer within hours of receiving the completed application combined with your three most recent monthly statements from your business checking account, and your credit card processor. The entire application process can be done through email or fax.
What if I have bad credit?
Not a problem our lenders analyze a different set of data points that put less of an emphasis on credit score and more of an emphasis on cash flow and other factors.
How quickly can I get funded?
Once you have selected an offer and returned the final documents to us you will have the money deposited into your account in 24-72 hours.
If I have been turned down before will I be able to get a loan?
Getting turned down by other lenders does not mean that you will be disqualified and there is no cost to you to apply with Lendolo to see what options are available.