LendingTree Review

No matter where you are on your journey as a business owner, you’re probably already looking ahead. Whether the time has come to expand, buy new equipment, or raise the amount of working capital you have in your account, obtaining a business loan has almost certainly crossed your mind.

For over two decades, LendingTree has been an industry leader that connects borrowers with the most competitive lenders. Without impacting your credit score, LendingTree can quickly connect your business with the most current rates on the lending market. LendingTree’s loan comparison tool puts you in control. Let’s get into the details to help you decide if it makes sense for your needs.

Pros and Cons of LendingTree Business Loans

Pros:

Cons:

What Does LendingTree Offer?

Since 1998, LendingTree has been connecting all kinds of borrowers with the most competitive lending rates. Its business division is designed with business owners in mind, making it one of the most reputable services on the market for businesses of all sizes. In only minutes and with estimated information, LendingTree’s technology (both online and with the app) can find the best business loans rates for those looking to make an investment in their current operations.

From start-up loans to major corporate expansions, LendingTree analyzes the current market against the needs of any size business. The goal of LendingTree’s loan matching capabilities is to save you both time and money. It also aims to give you options and let you decide the best way to proceed. LendingTree never charges a fee to find the most competitive lenders, and it’s always your decision to decide which lender works best for your business.

LendingTree’s network works with a variety of trusted partners. In fact, you may be directed to either private or federal funding, depending on your business situation. Regardless of the loan type you’re seeking, you can compare rates and terms on a daily basis.

What To Expect on the Site

LendingTree doesn’t like to waste your time, so you’ll immediately be asked to start entering information when you reach its business loans section. Before you begin, you should have some basic information on hand:

Once you’ve entered the required fields and created an account with LendingTree, you’ll receive your compatible business loan rates in less than three minutes. LendingTree will save your profile so you can come back for the latest updates. You’ll also have the option of whether to proceed with a suggested lender. If you decide to move forward, then you’ll be taken directly to the lender’s site.

Should you run into any trouble or have questions, LendingTree also has options to speak with a qualified representative. It offers a toll-free number during regular business hours, online chat sessions 24/7, and email options.

Pricing

Because LendingTree isn’t a direct business loan lender, you’ll never pay anything to get customized results. Utilizing its online tool or its downloadable app is always free — quite a bargain considering the personalized loan matches you’ll receive.

You’re under no obligation to proceed with any of the business loans LendingTree finds for you, but if you do move forward, the lender may have fees. Those fees are up to each individual lender, so you should check the terms and conditions when you apply.

What People Are Saying About LendingTree

LendingTree’s business loan division doesn’t have a specific rating, but the company’s overall ratings and reputation are excellent. Since 2014, more than 10,000 customers have left reviews of LendingTree. As a result, LendingTree has built up a 4.5-star rating on Trustpilot as of November 2021.

Additionally, LendingTree has been an accredited member of the Better Business Bureau since 2019. As of November 2021, it has an A+ rating on the BBB website.

The Bottom Line

With so many types of business loans and more lenders than you can count, finding the best rates can be time-consuming. Fortunately, LendingTree has made easy work of finding your best business loan matches. Using basic information about your business credit profile, it only takes minutes for LendingTree to match you with the most competitive lenders. So, if the time has come to take out a business loan, then include LendingTree in your comparison of top business loan providers.