Lendstart.com

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Overview & More informations

**Overview**


Lendstart is an online marketplace lending platform that allows small businesses to connect with investors. The company was founded in 2013 and is headquartered in Boston, Massachusetts. As of 2022, Lendstart has originated over $1 billion in loans to small businesses across the United States.

**Services**


Lendstart offers a variety of services to small businesses, including:


* Term loans: Loans with fixed interest rates and repayment terms.
* Lines of credit: Flexible financing that can be used for working capital, inventory, or other business expenses.
* SBA loans: Loans backed by the US Small Business Administration, which offer competitive interest rates and longer repayment terms.

**Eligibility**


To be eligible for a Lendstart loan, businesses must meet the following criteria:


* Be a for-profit business.
* Be based in the United States.
* Have annual revenue of at least $50,000.
* Have been in business for at least two years.

**Interest Rates & Fees**


Interest rates on Lendstart loans vary depending on the loan amount, term, and borrower's creditworthiness. The company also charges a variety of fees, including:


* Origination fee: A one-time fee charged at the time of loan closing.
* Servicing fee: An annual fee charged to cover the cost of servicing the loan.
* Late payment fee: A fee charged if a loan payment is late.

**Pros & Cons**


**Pros:**


* Competitive interest rates
* Flexible loan terms
* SBA loan options

**Cons:**


* High origination fees
* Servicing fees
* Late payment fees

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