I started a new business 2 months ago and needed startup funding that wouldn't require income verification. Every lender I found either said no startup funding or required at least 6 months in business. Eventually I found a few startup lenders who didn't require either income verification or time in business, but when I tried asking what type of fees were involved I was told 15 to 25 percent by most the lenders I spoke with or $5,000 minimum no matter how much funding was received. After more research I found LendingMatchups website and filled out a prequalificaiton form. The next day I got an email saying that I prequalified for the startup line of credit program and that I would be receiving a call from one of LendingMatchups partners. The same day I got a call from one of the partners telling me that I was eligible for up to $70,000 in startup funding at 0% interest for 12 months. I asked if I would have to show income verification and how old my business had to be and was told no income docs needed and my business could be 1 day old and they'd still be able to get me funded. I asked what fees were involved and was told there were no upfront fees and a backend fee that ranged from 9% on the low end to 12% on the high end depending on my credit and income. Before this I spoke with at least 6 other companies and the lowest rate I could find was 15% so I decided to go through with funding. They explained that they would get me approved for business lines of credit with 0% promo offers that lasted 12 months on average and that the lines of credit didn't report to my personal credit profile. They said I could use as much as I needed and my personal credit scores wouldnt be affected. The entire process took about 20 days and I ended up with $65,000 in business lines of credit. Although the process took a little bit longer than I had hoped, I ended up paying 10% of the 65k in the end. When you compare this with the major lenders like Kabbage and Ondeck that quoted me rates as high as 70%, Im definitely a happy camper. If you need funding in a day or 2 than I wouldn't recommend these guys but if your looking for the lowest rate without having to show tax returns or have an aged business than I think LendingMatchup is the best option available.
Review by Saumil8 months ago
Very Impressed with my results! Wasn’t expecting much because I had collections on both my equifax and transunion reports. They asked me to freeze both reports and instead applied with lenders that pulled my experian. They were still able to get me approved for $72,000 In less then 2 weeks! When they quoted me they said 40k to 60k and I would of been happy with that, but instead they got me 12,000 more then expected. Now I’m working on fixing my credit so I can go back for another round of funding.
Review by Andries1 year ago
For the last few years I've been taking out high interest business cash advance loans because my credit didn't allow me any other options. Last month I finally got my credit to the point of being able to use it to get business funding. I was told about Lending Matchup from a friend and decided to try them out. In 3 days they were able to help me get approved for over $56,000 in lines of credit at 0 percent! I then used this money to pay off my cash advance and high interest credit cards. I'm very happy with the results and would highly recommend these guys.
Review by Morkullen1 year ago
Denied the first time for my credit limits being to high. They told me to pay them down to less then 20% so I did this and my credit score shot up 70 points. Applied again and got funded for 39k! They're also getting me another round of funding in 90 days. I don't own a business either, they did this using my personal credit. These guys are very impressive!
Review by ChrisO1 year ago
I needed funds to start an importing business. I went to the banks first thinking Id have no problem getting funded. Wrong, the banks told me my business needed to be over 2 years old, needed tax returns, good credit, good income, if I had all that I wouldnt need a loan. LendingMatchup got me approved for $78,000! The lines of credit are 0% interest for more then a year and they've showed me how to extract cash up to the limit from each line. These guys are very fair and know what theyre doing. They didn't charge me any money upfront like most of these types of lenders, instead they let me pay the fees after I got the funding with the money from the funding itself. They were the complete opposite of dealing with a typical bank and Id highly recommend these guys to anyone in need of funds.
Starz Supply Co
Lending Matchup is rated 5.0 based on
Trust Mamma Reviews
Our reviews are aggregated from multiple sources to give you the best overview about lendingmatchup.com.
5042 Wilshire Blvd #43108