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      January 21, 2019

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Lending Tree vs Capital Loan Hub

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of Lending Tree and Capital Loan Hub.

To see ALL of our reviews for the Best Business Loans, please Click Here

With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.

In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.

Continue reading below reviews

Best Reviews

2019

Business Loan Reviews

4 stars
LendingTree

LENDINGTREE Visit Site

If you'd like to get a feel for the different types of business loans available and some possible partners that would fund the loan you choose, LendingTree can help. Unlike most of the other business loan sources in our review, LendingTree does not fund loans directly but instead serves as a connection between borrowers and lending partners.

LendingTree is very helpful when it comes to understanding different types of business loans. Do you know the difference between a Small Business Loan and an SBA Loan? How about between a Working Capital Loan and a Business Line of Credit? If not, don't worry - you'll find a wealth of information on the main business loan page. Just click on the various types of loans listed and you'll find detailed explanations, along with helpful Pros/Cons summaries to help you understand at a glance.

To get an idea of what LendingTree has to offer for your business, the main landing page (as well as the link for Business Loans on the primary site) will ask you first to choose what kind of business you have:

  • Sole Proprietorship
  • Partnership
  • Corporation
  • S-Corporation
  • LLC

From there, you'll choose the range of loan you're looking for, from less than $15,000 to more than $300,000. Enter the month and year that you started your business (or the acquisition date), your monthly revenue, and whether or not you've filed for bankruptcy in the last 7 years. You'll then need to provide your business' name, phone number, and email address in order to see your funding options. Just be aware that if you put it "dummy" information just to see your possible loan details, you'll get an error message saying that your data doesn't match.

The number of lenders a business is matched up with can vary significantly. Factors such as income, years in business, location and more will help determine how many companies are potentially interested in lending you money.

Of course, in order to get your loan funded, each lending partner will have their own specific requirements. LendingTree does a decent job of communicating that to prospective borrowers, giving a list of steps and documents, you should expect throughout the process, such as putting together a cash flow projection and gathering papers like your business license and your personal/business tax returns.

LendingTree reduces the headache many of us face attempting to borrow money. No need to complete multiple applications from local lenders when LendingTree serves as the liaison between business owners and banks. LendingTree provides a fast and efficient process of identifying potential lenders as well as a wealth of information for those looking to borrow for business purposes.

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1 star
Capital Loan Hub

CAPITAL LOAN HUB Visit Site

CapitalLoanHub claims to connect businesses with lenders for no-collateral business loans up to $500,000. While this may be accurate, we found too few details about CapitalLoanHub to know if they are a trustworthy partner for a process that involves such a large amount of money and personally identifiable information.

For example, most reputable lenders and referral services have multiple ways to communicate, whether that's via live online chat, a toll-free number, or all of the above. The only contact methods offered by CapitalLoanHub are an online contact form and an email address - despite being told in the FAQ that prospective customers can call or visit one of their storefronts with any questions. Given that they list their physical address as being on the island of Nevis in the Caribbean, we feel that most American-based businesses will be uncomfortable sharing their private information with CapitalLoanHub, even just to be connected with another (hopefully reputable) lender. There is no guarantee that their information will be kept secure during the process of matching them with possible sources for a business loan.

Even on CapitalLoanHub's “Do I Qualify?” page, there are no specifics as to their lenders' requirements. Do businesses have to be in operation for a certain length of time, have a minimum level of monthly income, or provide a Social Security Number for at least one of the applicants? There's no way to know without providing information; even the “Get Started Now” form has options ranging from “not yet in business” to “5 or more years” time in business, but many business loans are not offered to startups or newer companies.

With so little to prove that CapitalLoanHub is a reliable source for business loans, we can only give them a low rating at this time. We believe you'll have a much more secure and successful process in obtaining your next business loan with one of the higher-rated lenders in our review.

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Continued from above

Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.

There are many factors that you should consider before selecting a lender for your business loan. Some of these include:

  • Loan size and rate. How much will you be allowed to borrow? What interest rates do they typically offer on loans of that size?
  • Loan application process. When applying for your business loan, can it be completed online? Is the lending process easy and straightforward?
  • Requirements for business history. Can a brand-new business take out a loan, or is there a minimum time that the business must have been in operation in order to qualify? What other verification and/or collateral is required to secure the loan?
  • BBB rating. Does the lender have an established history of good business practices?

TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!

Cover Story: Demand for SBA loans is music to bankers' ears

Toward that end, he obtained a $100,000 loan underwritten by BBVA Compass and backed by the U.S. Small Business Administration in 2018. And it's not the first time he's tapped that source of financing ...

Published:  Thu, 17 Jan 2019 12:55:00 GMT



Bad for business Weighing shutdown's impact on commercial loans

Commercial loan portfolios may take a hit if the government shutdown persists. The current partial closure, which started on Dec. 22, is the longest in U.S. history. Credit unions and banks have jumpe...

Published:  Fri, 18 Jan 2019 07:14:00 GMT



Need a Small Business Loan Why the Small Business Administration Can't Help

The backlog of small business loans held up by the federal government shutdown is getting bigger by the day. The Small Business Administration halted its program supporting 7(a) loans for working capi...

Published:  Wed, 16 Jan 2019 00:34:00 GMT



Small Businesses' $2 Billion Problem: Government Shutdown Leaves Loans in Limbo

... Administration has stopped approving routine small-business loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some ...

Published:  Thu, 17 Jan 2019 08:00:00 GMT



What Percent of Small Business Have Loans over $300,000

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Published:  Wed, 16 Jan 2019 10:33:00 GMT



Color of Money: Worried about your loans during the government shutdown Financial institutions say: Call us.

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Published:  Sat, 19 Jan 2019 20:55:00 GMT



Will banks be cautious in 2019 Small businesses thinking of getting loans may want to act now

Still, given the economic uncertainty and market volatility, small businesses looking for loans may want to act sooner than later. All of this has had a big impact on small business lending. Although ...

Published:  Tue, 15 Jan 2019 10:22:00 GMT



Employers are offering to help pay off workers' student loans

"Even employees with no student loan debt tell us they are proud of the pioneering ... Plus, he said, many of today's business leaders graduated at a time when it was easier to pay for college with a ...

Published:  Tue, 15 Jan 2019 19:00:00 GMT



America's small business owners suffer as shutdown halts popular loan approvals

An ongoing partial government shutdown - the longest in U.S. history - might be starting to take a toll on America's entrepreneurs. The Small Business Administration (SBA) is not approving ...

Published:  Fri, 18 Jan 2019 09:54:00 GMT



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