Lendseed | Empowering Small Businesses

SMARTER, FASTER.

Loans for the modern business

Financing a small business expansion or startup has never been more accessible. With options ranging from peer lenders, to microloans, to SBA-backed institutional financing. There’s a solution for every business to get the funding they need, when they need it most.

Start growing your business with the right funding

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10 Financing Options for Small Businesses

Whether starting a new business, financing inventory expansion, or growing into a new market, there are an increasingly large number of funding options to fit the specific demands of your business. Learn More

Discover Microlending

For those in communities with limited access to traditional business credit, or for those whose requirements or qualifications aren’t suited to a large bank loan, microloans provide a much needed alternative. Learn More

FAQ

Frequently Asked Questions

Drop us an email if you couldn’t find an answer to your question in the following list

What is Microlending?

Microlending reflects the increasing growth of the peer-based economy that helps entrepreneurs gain access to capital.

Microloans are small loans issued by individuals instead of traditional lenders such as banks. Lenders can contribute to a single loan or spread out their contribution to cover a portion of several loans.

Lenders can extend a loan to borrowers who either have poor credit history with traditional sources, or borrowers who do not have access to traditional financing due to their geographic location.

How does a micro loan differ from a traditional small business loan?

Microloans are used to help borrowers within economically underdeveloped communities who may not have access to traditional financing, but similarly to other forms of small short term loans, these loans can carry a higher interest rate. Multiple lenders can fund either a single microloan or portfolio of microloans in order to minimize the financial impact and diversify the level of risk in the event of default. Once a loan has matured, lenders get interest on their loan and repayment of the principal. Since the risk of default is imminent, the high interest rates make microlending an intriguing risk for some investors.

Do I qualify for special SBA loan assistance?

You can determine your eligibility for a loan guaranteed by the Small Business Administration at sba.gov. The administration guarantees small loans not exceeding $150,000 offered through partner banks.

Where can I learn more about loan programs?

Explore Financing Options for Small Businesses to get a better understanding of both traditional and alternative financing options available to startups.

What happens after my small business loan is approved?

In most cases, SBA guaranteed loans come with basic finance management training offered by the lender that not only helps hone your entrepreneurial skills but also boosts your qualifications for more advances in future. SBA loans are great for a young and ambitious entrepreneur unwilling to tie up their future business profitability to co-sharing in the name of angelic investors.