Write your review here

Founded: 2006

Location: 71 Stevenson St., Suite 1000. San Francisco, CA

Website: www.lendingclub.com

Our Review:

Overview: LendingClub is a US based peer-to-peer lending company, which operates an online lending platform. The platform enables merchants to obtain a loan, and investors to purchase notes backed by payments made on loans.


Loan/Cash Advance Amount $1,000 to $40,000
Minimum monthly revenue none
Time in business none
Minimum credit score 600, avg. score 700
Repayment terms 36-month loan and 60 month

Key Features:

  • Lending Club is a peer-to-peer lending site
  • Backed by everyday investors rather than large financial institutions
  • Business must make at least $50,000 in annual revenue
  • Flexible terms from 1-5 years
  • Dedicated U.S. based client advisor
  • Some fees may apply
  • Credit score of 620 or above is prefered but not required
  • Doesn’t offer Merchant Cash Advance

Consider if:

  • Have an average credit score of around 700.
  • Are a high-income earner - Lending Club borrowers have an average annual income of $78,764.
  • Consumers with a low debt-to-income ratio/li>

Share your experience and provide other customers with feedback.