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Our Loan Products
Basic Eligibility Criteria
Minimum Required Documents
Basic Eligibility Criteria
Business Term Loan
Eligibility Requirements:
- 2 years in business or 1 year in business with 5 years' industry experience
- All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
- No business or personal bankruptcy, charge-offs, or active collections in last 3 years
- Minimum FICO of 620
- Payment-to-Income < 25%4
- Validated in legal or doing business as name
SBA 7(a) Business Term Loan
Eligibility Requirements:
- Minimum 2 years in business
- Social security number is required for at least one owner with 20% or more ownership. All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
- No business or personal bankruptcy, charge-offs, or active collections in last 3 years
- No prior loss on a federally backed loan and not debarred or excluded on the System for Award Management (sam.gov)
- Minimum FICO of 620
- Debt Service Coverage Ratio on the latest business tax return 1.1 or greater
- Validated in legal or doing business as name
SBA 7(a) Standard Loan
Eligibility Requirements:
- Minimum 2 years in business, business acquisitions are acceptable and may have start-up fundamentals, such as projections or new entities
- Social security number is required for at least one owner with 20% or more ownership. All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
- No business or personal bankruptcy, charge-offs, or active collections in last 3 years
- No prior loss on a federally backed loan and not debarred or excluded on the System for Award Management (sam.gov)
- Minimum FICO of 620
- Debt Service Coverage Ratio on the latest business tax return 1.1 or greater and validated by last 90-days of business bank data
- Validated in legal or doing business as name
2Any information provided, including any hypothetical credit amounts, rates or terms, is provided for reference purposes only and will not constitute an offer for credit. Displayed rates represent the lowest available rates and are not available to all borrowers; actual rates will depend on creditworthiness, loan amount, term, and other factors. Fees, including origination fees and, for SBA loans, guarantee fees, may apply.
3Estimated processing time to close based on loan type selected.
4Payment-to-income ratio measures the percentage of gross monthly income used to cover debt obligations.
Our Loan Products
Business Term Loan
- Loan Size1: $10,000 - $350,000
- Estimated Interest Rate2: Fixed, as low as 11.99%
- Loan Term: 1 - 5 years
- Estimated Processing Time3: 3 - 7 business days
Typical Use Cases
Working Capital | Payroll & Operating Expenses | Marketing & Growth Campaigns | Inventory Purchases | Cash Flow Gaps | Refinance Existing Debt
Time in Business
2 years in business or 1 year in business with 5 years' industry experience
SBA 7(a) Business Term Loan
- Loan Size1: $10,000 - $350,000
- Estimated Interest Rate2: Variable, as low as 8.25%
- Loan Term: 10 years
- Estimated Processing Time3: 5 - 20 business days
Typical Use Cases
Working Capital | Equipment Financing | Business Acquisition | Leasehold Improvements | Debt Refinancing
Time in Business
Minimum 2 years in business
SBA 7(a) Standard Loan
- Loan Size1: $350,001 - $5,000,000
- Estimated Interest Rate2: Variable, as low as 7.75%
- Loan Term: 10 - 25 years
- Estimated Processing Time3: 35 - 90 business days
Typical Use Cases
Commercial Real Estate | Large Equipment Purchases | Business Expansion | Franchise Financing | Acquisition of a Business | Mixed Use of Proceeds
Time in Business
Minimum 2 years in business, business acquisitions are acceptable and may have start-up fundamentals, such as projections or new entities
2Any information provided, including any hypothetical credit amounts, rates or terms, is provided for reference purposes only and will not constitute an offer for credit. Displayed rates represent the lowest available rates and are not available to all borrowers; actual rates will depend on creditworthiness, loan amount, term, and other factors. Fees, including origination fees and, for SBA loans, guarantee fees, may apply.
3Estimated processing time to close based on loan type selected.
Minimum Required Documents1
- U.S. government-issued ID
Business Tax Return(s)
- Most recently filed (3 years required for SBA loans)
Additional Minimum Required Documents for SBA loans
- More Documentation May Be Required for Eligibility Review2
Personal Tax Return
- Most recent year filed
Personal Financial Statement
- Listing all household assets and liabilities, signed by you and your spouse (if applicable)
Collateral Information
- Complete list of business assets used as collateral to secure the loan
Business License(s)
- All valid and current business license(s) required by law for your state/industry
Use of Proceeds
- Include any additional SBA-required documentation based on use of proceeds (e.g., environmental reports, debt refinance support or other documents) to ensure compliance and timely processing
2 Approval is subject to (i) provision and validation of additional information and documentation, if required, (ii) provision and validation of additional SBA certifications, and (iii) issuance of Guarantee by the SBA.
A Trusted Partner
for Small Businesses
Lendistry was started because our team of founders spent their careers witnessing the barriers that make it too hard for most small business owners to get the loans they need to purchase inventory, open a new location, or bring in some extra cash to support their day-to-day operations.
Read what some of our customers have to say
Lendistry was founded in 2015 to open doors and give small business owners a fair chance at getting the funds they need without resorting to predatory lenders.
At Lendistry, this is what access to capital looks like.
Choices
Responsible terms in low, medium and high amounts, because your capital needs don’t end after the first loan
Fintech
An online application that’s easy to complete anytime, anywhere, because coming to a branch isn’t an option for every business owner
Equitability
A different approach to making lending decisions, because every business is different, and they all deserve a fair chance to grow
Official Small Business Lender of Gotham FC
Official Small Business Lender of LA Sparks
Official Small Business Lender of Chicago Sky
Official Small Business Lender of Atlanta Dream
Access to capital means access to options. Access to opportunity.
We are driven to help business owners and communities succeed.
$10.5 billion
Small business loans and grants
640,000
Small businesses supported
Hear what more customers have to say about Lendistry
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“Creating an experience” is top of mind for the Mount Greenwood spot, states owner and founder, Sabrina Davis.
Learn how Stacy took her 16-year run in the NFL to help build a first-year MSL team from scratch and how she’s taking that mindset straight to the LA Sparks.
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The Center by Lendistry is a nonprofit strategic partner to Lendistry that supports small businesses through education, technical assistance, and access to competitive financing. Find out more.