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Up to $350,000
Up to 7 months
Min. credit score
Time to funding
As soon as 24 hours
Lendini provides revenue-based financing with a particular focus on working with businesses who might not qualify for traditional loan products. The company evaluates your business financials with forecasting technology to create an offer and some criteria—like time in business and credit score—are incredibly lenient. Explore our Lendini review to find out how it works and whether or not it’s a good fit for your business’ financial needs.
Revenue-based financing uses the promise of future sales to provide businesses with upfront financing. Payments are made on a daily or weekly basis, and your application is directly tied to your revenue. Unlike traditional small business loans, you can expect a fast funding time—just watch out for potentially costly fees. Here’s how Lendini stacks up, compared to other options you might consider.
Lendini stands out with flexible approval requirements and fast funding times for revenue-based financing. The minimum credit score is extremely low, as is the time in business requirement.
Expect a fast application process when you apply for financing with Lendini. It takes just 5 minutes to input all of your information, and you can expect an approval decision within just 3 hours. Funding can be delivered as early as the next day, so that you get the money you need within 24 hours.
This is about as fast as you can expect when working with any type of business lender. Online business financing typically takes at least a day, if not a few business days. And if you work with a traditional lender, it could take a week to get your funding, and as long as 3 weeks for an SBA loan. By comparison, Lendini is easily one of the fastest options out there.
Businesses of all sizes can get a corresponding amount of financing with Lendini, thanks to revenue-based financing ranging from as little as $1,000 all the way up to $350,000. While that maximum may not be enough for large companies wishing to make a major purchase or expansion, it presents a wide range that caters to many smaller companies.
Lendini’s factor rates usually range from 1.30 to 1.50.
Origination fees vary by the financing amount.
Lendini provides straightforward expectations on how to qualify. And the good news is that the requirements are fairly relaxed for both the business and the owner.
First, the minimum credit score is just 470—that’s one of the lowest we’ve seen among lenders and financing companies. In addition, Lendini’s minimum required time in business is short at just 3 months. In terms of monthly revenue, you’ll need to be bringing in at least $7,500, for a total annual revenue of $90,000. That’s still on the flexible side, especially considering the other requirements.
Lendini is repaid by deducting a percentage of your future revenue. Payments are deducted from your business account or credit card processor on a weekly basis. While it’s not as strict as daily payments, it could still constrict your company’s cash flow. Be sure that your financials are strong enough to handle these frequent payments before you sign up.
Wondering if a cash advance from Lendini is a good option for your business? Cover all your bases by comparing offers from multiple lenders with Lendio. Apply today!
*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (October 20, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.