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6.7

Overall Score

LAST UPDATED: July 19th, 2022

LendingTree is an online loan marketplace that was founded in 1996 by Doug Lebda. The company seeks to empower consumers by providing a list of lenders that customers qualify for and can easily compare offered rates and terms from. The range of lender services extends to business, mortgages, auto loans, personal loans, and more. Since its founding, LendingTree has helped over 40 million people find the right lender and loan for them.

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The Good

  • Multiple Loan Offers
  • Educational Resources
  • Business Transparency

Multiple Loan Offers

LendingTree presents borrowers with multiple business loan types simultaneously (from multiple lenders, as LendingTree does not provide loans themselves). Customers can then compare rates and choose the lending company that best meets their loan request needs. LendingTree provides these loan terms and options online and services all 50 states. 

LendingTree provides a variety of types of business loan lenders. The company offers quotes for SBA, short-term loans, long-term loans, business lines of credit, business credit cards, equipment financing, and accounts receivable financing. Customers can choose the loan type and lender that best meets their needs. 

Educational Resources

LendingTree provides borrowers with extensive information about business loan types. The company defines each loan and explains qualifying factors. In addition, its website includes articles discussing business loans and provides a glossary of important loan terms. 

Business Transparency

LendingTree is transparent about its platform and how the company makes its money. Its website is easy to use and provides helpful information regarding multiple lenders and loan types. 

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The Bad

  • Varying Fees
  • Lack of Rate Information

Varying Fees

LendingTree provides customers with multiple loan offers from a variety of different lenders. Each lender charges a different origination fee as well as varying upfront fees and closing costs. These fees are not standard across companies so customers will need to verify fees and rates before purchasing a business loan. 

Lack of Rate Information

LendingTree does not display transparent rate information for business loans. Customers who are interested in business loans will have to fill out a LendingTree form to receive specific quotes. However, LendingTree does have a business loan calculator that lets you input information (such as time in business, annual revenue, credit score, etc.) to receive a borrow range. 

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The Bottom Line

LendingTree is an online loan marketplace that provides customers with multiple lenders and offers at once. Its website includes information and resources for customers interested in business loans to help with the purchasing process. However, it's important to note that LendingTree fees will vary based on lenders and because of this, LendingTree does not list its specific rates and terms. You will need to fill out a LendingTree form to find out more information regarding your personalized offers. See LendingTree reviews below to see what customers have to say about the company. 

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Star Rating

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4.5

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43 Reviews

Review Breakdown

5 grade

65%

4 grade

23%

3 grade

7%

2 grade

5%

1 grade

0%

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David Crocker Eden Prairie, MN

I was a little disappointed to see $750 tacked on at the 11th hour as an "origination fee" without prior notification. I guess all you small cap services are the same as far as your 30% APR s on unsecured loans. I trust our revolving line of credit we apply for next year is more 'within reason'.

5 years ago

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Noureddine Lalami Brentwood, CA

Lending tree is a broker of sort, they match you with various lenders and the rest is up to you. The rates can be all over the place which makes is hard to choose. The one thing I don't like is the hounding and relentless calls from the so called matches.

1 year ago

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Justin Howard Wichita, KS

It took a few days to get a response after my application but then Brian made the process quick and easy. They were willing to work with my unique circumstance.

5 years ago

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Trish webb Phoenix, AZ

I wasn’t to sure about lending tree but when I submitted for a loan I was given multiple options with all the specific rates. The process was very smooth.

1 year ago

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Jesse Prince Little Rock, AR

I have been using LendingTree for my business since about 2018. Good rates and very easy to use on my phone. I haven't had any issues, very pleased with them.

1 year ago

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Crossroads Surveying Denver, CO

Staff was pleasant and informative of options available A very comfortable experience obtaining a loan.

5 years ago

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Greg Service jr

They had lots of options. And they didn't stop looking til I found the right one. They got me what I needed within a couple weeks.

1 year ago

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Mickell Smith

They took care of my financial needs fast, friendly and professionally

5 years ago

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Jennifer Wasilla, AK

They were easy to deal with and they were knowledgeable about the process

1 year ago Edited May 20, 2022

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ms ray Pontiac, MI

Fast and easy process. Great customer service.

1 year ago