Paper Planet, Fort Worth, TX
SBA Preferred Lender
Loans From $25,000 To $5 Million
Tailored Loan Options
Quick Decisioning
Fast Funding Timeframes
Experienced Service
Solutions for Small Business Growth
Lendistry provides small business owners with access to affordable capital for established businesses that need flexible financing to take the next step, strengthen their operations, or pursue new opportunities.
A Streamlined Way to Apply
Our application process is fully online, fast, and simple to complete. Business owners can work through it at their own pace and from any device. Submitting an application does not impact your credit score, making it easy to explore your options without added pressure.
Offering government-backed SBA 7(a) loans, conventional business term loans, commercial real estate financing, and more!
- Increase working capital
- Refinance business debt
- Expand operations
- Buy furniture, fixtures, and supplies
- Purchase inventory and equipment
- Business acquisition
- Finance commercial real estate
- Make tenant improvements
Frequently Asked Questions
How do small business loans work?
Small business loans are often the next step from credit cards for small business owners who need working capital to cover everyday expenses and larger purchases, or financing to grow with a new location, new product, or other opportunities. Before applying, it’s important for small business owners to know what amount they need and how they will use the money (“use of funds”). The process begins with providing some basic information to determine what amount, rate and term the business may qualify for. Then to proceed, the business owner must provide more detailed information and documents and submit an application. At Lendistry, this is done online with support available from our team if needed. Once the loan is funded, it moves into the repayment and servicing phase.
Are small business loans secured or unsecured?
Small business loans may be secured or unsecured depending on many factors, including the amount or term of the loan, the business owner’s other debts and credit history, and requirements dictated by programs that may support the loan. In simple terms, secured loans include collateral in the approval process and unsecured loans do not.
Can I get funding even if I have other loans?
It may be possible to get small business funding if the owner has other small business and personal loans depending on the amounts of their other debts. For secured loans, the lender will also need to know if the proposed collateral is also supporting other debts.
What should I do if my loan application is rejected?
If a small business loan application is rejected, it’s important to first find out why it was declined. Often, business owners may have applied with a lender that doesn’t provide the kind of financing the applicant requested, or the business doesn’t meet the lender’s stated requirements. There may be multiple other reasons for the decline. This knowledge can help the small business owner identify a more appropriate lender for their needs, or take steps to improve their chances when reapplying.
Are small business loans fixed or variable?
Lendistry’s conventional small business loans have a fixed rate with monthly payments, while our SBA 7(a) loans have variable rates.
I have bad credit, how can I get a small business loan?
It may be challenging to get a small business loan with bad credit. A credit score is an inevitable indicator of whether or not the loan will be repaid. Responsible lenders don’t typically provide financing to businesses that are at a high risk of not repaying the loan because it may harm the lender’s balance sheet and also may affect the business’s financial future. Predatory lenders target businesses with bad credit to make a quick profit from extremely high interest rates and payments that the business can’t feasibly afford. The Center by Lendistry, a non-profit organization affiliated with Lendistry, as well as organizations like Small Business Development Centers, work with small business owners to help them meet their goals and improve their financial health and credit.
Move Forward With a Lender That Understands Small Business
If you are ready to take the first step, Lendistry’s team can help you understand which financing solution may be the best fit for your business goals.
A Trusted Lender for Small Businesses
