What are the minimum qualifications for applicants?

In order to secure funding, LendRev requires at least three months in business with a minimum of $10,000 in monthly revenue.

What is the maximum amount of money I can borrow?

Through our extended network of funding partners, we can secure financing up to $500,000.

What kind of businesses can get funding through LendRev?

Our partners can secure funding for most US-based businesses.

What information do I need to provide LendRev for my application?

At LendRev, we understand that small business owners are busy, and we do our very best to make the application process as efficient as possible. We ask that you are able to provide the following information:

  • At least 3 months of bank statements
  • Credit card processing statements
  • Debt inventory (lines or credit, mortgages, leases, tax liens, etc.)

How important is my personal credit score?

Your credit score is only one of many metrics used to evaluate your application, and because we have partnerships with multiple funding sources, there are more options for applicants with less-than-perfect credit scores.

Is my application information secure with LendRev?

Yes. At LendRev we take the security of your data very seriously. We employ bank-level security measures to ensure your information is safe, including automated backups, encryption, logging and auditing.

How long before I know if my application has been approved?

With the appropriate information and documentation available, it’s possible to have your application approved in as little as one hour.

How do I know which funding product will best fit my needs?

Your personal funding coordinator will work with you to make sure you’re provided the best funding option available. Unlike other companies whose processes are fully automated, we at LendRev believe strongly in the importance of hands-on customer support. We’ll take the time to understand your unique situation, answer your questions, and thoroughly explain your options.

How long before I have access to my funds?

Many of our term loan and merchant cash advance providers can act very quickly, providing funds in as little as 24 hours. SBA-backed lenders may take two weeks or more because Small Business Administration loans require significantly more documentation.

Is LendRev compensated by lenders?

LendRev’s service is free to applicants. We are compensated by lenders and other funding providers upon the closing of the underlying loan or financing. The amount of this fee depends on the specifics on the transaction.

Is LendRev a lender?

No. LendRev is an ISO (independent sales organization). We work with a national network of lenders and funding providers to connect them to small business owners requiring capital.

How does LendRev select its funding partners?

Our partners are evaluated and qualified to ensure timely underwriting, expedient distribution of funds, and stellar customer service.