Best Reviews TopConsumerReviews.com Best Business Loans Best Reviews
Best Reviews
      October 16, 2019

Home  >  Business Loans  >  LendingTree vs National Business Capital

Best

Business Loans

  1. Funding Circle
  2. LendingClub
  3. LendingTree
  4. Kabbage
  5. Balboa Capital
  6. Nat Business Capital
  7. CAN Capital
  8. Advanced Comm Capital
  9. Capital Loan Hub

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Ballroom Dancing Lessons

Copyright Registration

Drum Lessons

Gift Baskets

Health Insurance

Keto Diets

Online Fitness

Self Publishing Companies

Teeth Whiteners

Wedding Planning Software

Wills

Women's Fertility

 

Individual Reviews

On Deck

Funding Circle

LendingClub

LendingTree

Kabbage

Balboa Capital

National Business Capital

CAN Capital

Advanced Commercial Capital

Capital Loan Hub

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingTree vs National Business Capital

Best Business Loans

To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and National Business Capital.

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.

Visit Site

3.5 stars
National Business Capital

NATIONAL BUSINESS CAPITAL Visit Site

National Business Capital is a well-known source for business financing, both in terms of small business loans and other products, such as equipment financing, business lines of credit, and more. Since their start in 2012, their clients have come from nearly every industry, including Transportation, IT companies, Hospitality Services, and Construction/Contracting, regardless of their credit background. Nearly 70% of their clients were first turned down by traditional banks prior to their approval by National Business Capital, which is evidence of their strong commitment to helping businesses get the financing they need, even during times of economic instability in the nation.

One terrific feature of National Business Capital's process is that approval takes less than 24 hours. After completing a brief application that includes the business' name, approximate monthly sales, and purpose of the loan, applicants can expect contact from one of National Business Capital's Business Consultants within a day.

Unfortunately, this lender does not make it easy to determine more specific information about their lending programs, such as minimum or maximum loan amounts, loan terms, or interest rates. Using their Loan Calculator on the Small Business Loans page, we could assume that loans range from $10,000 to $3,000,000, that business need to have been in operation for at least a year, and monthly gross sales must equal at least $10,000 (because the sliders don't go below those amounts), but it appears that individuals seeking funding will need to speak with a representative to get more detailed information. We had to turn to a newspaper article to determine that interest rates begin around 9%, as reported by president Joseph Camberato. We would have liked to see more transparency with their programs' details, especially for those who may be hoping to create a new business and are often turned down by other lenders.

We do appreciate the fact that National Business Capital is an accredited business with the Better Business Bureau and carried an A+ rating at the time of our review with only two registered customer complaints in the last 12 months. There are also a number of compelling testimonials on the site that show great attention to customer service, success in securing funding even for struggling businesses, and repeat customers who have been thrilled with the process of obtaining funding through this lender.

Ultimately, National Business Capital earns good marks: they appear to be a reputable lender dedicated to helping business owners across the spectrum to get the funding they need, even during times of financial difficulty. We'd gladly improve this rating with more details regarding their loan terms, particularly interest rates and other fees.

Visit Site

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!

The Government Accountability Office Is Right To Assess Regulators' Monitoring Of Leveraged Lending

Banks should be encouraged to incorporate a clear but robust set of metrics when underwriting a leveraged loan, instead of solely relying on a 6x leverage ratio discussed in the 2013 leveraged lending ...

Published:  Tue, 15 Oct 2019 14:23:00 GMT



JPMorgan Chase 3Q profits up 8% but loan growth slows

NEW YORK - JPMorgan's third-quarter profit grew 8% thanks to higher interest rates and strong performance at its investment banking business. Recent upticks in yields in the U.S. bond market have ...

Published:  Tue, 15 Oct 2019 11:51:00 GMT



Crowdsourcing consumer loans can bolster business growth and reduce crime

"When traditional credit becomes scarce, such as when banks merge or there's a natural disaster, having access to these markets and loan products moderates some of the decline in new business ...

Published:  Fri, 11 Oct 2019 03:55:00 GMT



Here's how you can quickly raise your credit score and land a small business loan

The Small Business Administration reported a record $5,434,518,200 in 7(a) loans in 2018, up from $4,996,271,600 in 2017. Yet big banks approved only 27.8% of the loan applications they received in ...

Published:  Mon, 07 Oct 2019 12:36:00 GMT



Woman celebrates 'death' of $102G in student loans with graveyard photo shoot

"Seeing that [102K] number next to how young she is ... I want people to be horrified at the fact that this is something that is a cause for celebration." Outstanding student loan debt has surpassed ...

Published:  Tue, 15 Oct 2019 12:29:00 GMT



AllianceBerstein starts loan and CLO management business

Scott Macklin, who joined AllianceBernstein (NYSE:AB) from Och-Ziff Capital Management in April, will lead the new effort. The business will be initially funded with investments from AXA Equitable ...

Published:  Tue, 15 Oct 2019 10:42:00 GMT



This credit card will let you earn rewards to pay off your student loans - but is it a good deal?

Student loan giant Sallie Mae SLM, +0.59% is now offering three credit cards designed ... but users will receive a 25% bonus on rewards earned for purchases made in their top two spending categories ...

Published:  Mon, 14 Oct 2019 03:03:00 GMT



The Best Places to Get a Small Business Loan in 2019

Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks ($10 billion+ in assets), while approval percentages also stayed above 50% at small banks ...

Published:  Thu, 10 Oct 2019 05:06:00 GMT



Business Loans Up at Big & Small Banks, but at Record Low for Credit Unions

Small business loan approvals rose to post-recession record (27.9%) at big banks; approval percentages stayed above 50% at small banks in September, but credit unions approvals dropped to a ...

Published:  Thu, 10 Oct 2019 06:47:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure