Top Lending Club Alternatives

If you are desperately in need of a loan and do not know where to go to seek help, Lending Club could be the perfect place for you. Lending Club helps you to create or avail for unsecured personal loans between $1,000 and $40,000, with a standard loan period of three years.

Though there have been many arguments put forward to question the authenticity of this platform, a large group of customers still have their faith in Lending Club. The company stays true to its customers, by offering great security and an honest environment for customers. 

Are you Eligible for a Loan?

There are certain criteria that you have to meet in order to be able to avail of a loan from the Lending Club. It is necessary that you should have been there in the business field for 12 months or more. You should also own at least 20% of the business. Another important factor is how well you do in annual sales. In order to avail of the loan, your business should collect at the least $50,000 in the annual sales. A person with recent bankruptcies and tax problems will not be taken into consideration. 

How to avail for a Loan? 

It is necessary that you fit the criteria that have been requested by the platform before you proceed in applying for a loan. After making sure that you fit the criteria put forward by Lending Club, you can avail of the loan and it can be done in three easy steps. The first step is to apply for the loan, and for this, you have to answer simple questions about your business, etc before you proceed. The second step is selection, which is followed by the third step, grow.