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Frequently Asked Questions

πŸ’‘ General Information

What is Lendeavor?
Lendeavor is a financing platform that connects business owners with tailored funding options from a trusted network of lenders.
Who can use Lendeavor?
buisness owners across various industries in the U.S.
Is Lendeavor a direct lender or a broker?
Lendeavor is a marketplace, we match you with the best available loan offers from multiple partners.
Does Lendeavor fund all U.S. states?
Yes, our services are accessible nationwide.

πŸ’³ Loan & Financing Questions

What types of fundings do you offer?
We offer a full fleet of financial products including but not limited to Revenue Based Financing, Business Term Loan, Line Of Credits, Credit Card Processing, Asset Based Lending, Equipment Financing, Invoice Factoring.
What is the interest rate range?
Rates vary based on lender, credit profile, and product. Please call in and receive a free quote custom tailored to your qualifications.
How much can I borrow?
Typical revenue based products range from $10,000 to $5 million depending on eligibility and business profile. We do not have a capped dollar amount.
How is my loan amount determined?
Lenders evaluate your revenue, average daily balances, total deposits, credit, time in business, industry and many oiher factors.
What’s the typical loan term?
For revenue based financing; 6 months -24 months. For secured financing 5-25 years.

πŸ“ Application Process

How do I apply for a Funding?
Click on Apply Now, complete the form, and submit the required documents to begin.
What documents do I need to submit?
Typically, your 4 most recent months of business bank statements and a one page application. Sometimes in closing a lender may request your busienss tax returns, Aging Accounts Receivables Report, a voided check, and a copy of your license .
How long does the application process take?
The initial application takes just a few minutes. Full review and funding may take 24 hours.
Can I pause and resume the application?
Yes, your progress is saved and you can return anytime to complete it.
What happens after I submit my application?
A dedicated financial representative will see your submission and match you with lenders that best suites your business needs. You will receive multiple offers to chose from.

πŸ” Eligibility & Requirements

Who is eligible to apply?
Any USA/Canada/Puerto Rico based business owner with an established Tax ID.
How long do I need to be in business?
A tax Id that has been operational for at least 6 months is preferred.
What credit score is required?
We review your full financial profile, while a credit score of 600+ is generally preferred, it is not required. We have lenders who are not credit driven in our arsenal.
Do I need a co-signer or collateral?
no co-signer or collateral is required for a merchant cash advance. Other products may require collateral.

⏱️ Loan Decisions & Disbursement

How long does it take to get approved?
Many approvals happen within a few hours of submission.
How will I receive the funds?
Funds are directly deposited to your business bank account via same-day wire or ACH.
Can I track the status of my application?
Yes, you’ll receive email and SMS updates as your application progresses.You will also have a dedicated funding specialist assigned to your file equipt to answer any and all questions about your file.

πŸ’Ό For Professionals / Practice Owners

Can I finance equipment purchases?
Absolutely. Equipment financing is one of our core loan products.
Do you offer working capital loans?
Yes, we provide flexible working capital loans tailored to your business. Some prodcuts such as an RBF or MCA are stuctured as a purchase of future sales, not as a loan against your business.
Can I refinance an existing loan?
Yes, we can help consolidate or refinance your current loans at better terms.

πŸ”„ Repayment

When do repayments start?
Typically the followinfd month, week or day after funding. it may vary by lender and deal structure.
What repayment options are available?
Monthly, bi-weekly, weekly or daily repayment options may be offered based on your loan type.
Can I repay early without penalty?
Yes, most of our lenders offer no prepayment penalties. On the contrary they offer prepayment discounts saving you money if you elect to pay ahead of schedule.
How do I make payments?
Payments are usually auto-deducted from your business account via ACH. Some lenders offer online portals where you can make additional payments if necessary.

πŸ” Security & Privacy

Is my personal and financial information safe?
Yes, we use high-level encryption to protect your data.
How is my data protected?
Through SSL, secure servers, and strict access policies.
Do you share my information with third parties?
Only with our verified lending partners as needed for loan processing never for marketing.

🧾 Account & Support

How do I create an account?
Go on the lendeavor site, hit the signup button and create your account by entering all necessary information.
What if I forget my password?
Use the 'Forgot Password' option on the login page to reset it.
How do I contact support?
Email us at info@lendeavorusa.com or use our contact form. The fastest and easiest way is to call or text your assigned fudning specialist.

🧠 Miscellaneous

What makes Lendeavor different from banks?
We focus on speed, ease of access, and tailored financial solutions for professionals. At Lendeavor we understand that each business is different, not just numbers on a spreadsheet.
Can I speak to a loan advisor?
Yes. Our advisors are available by phone, email, text or Zoom during business hours.
Are there any fees to apply?
No, applying is completely free and carries no obligation.
Is your service free to use?
Yes, our service is free for applicants. The only cost is incurred upon closing a deal. We strive on customer satisfaction.