What fees or rates

does Lending Loop charge?

Lender servicing fee
1.5% per Year

Lenders are charged a 1.5% annual servicing fee that is collected whenever a business makes a repayment. Lenders are only charged this fee when they receive a repayment. The servicing fee is an annualized rate (1.5% / 12 months), calculated monthly on the outstanding balance of principal at the time of the payment.

Rates and fees for borrowers

Lending Loop Credit Rating
A+
A
B+
B
C+
C
D+
D
E+
E
Interest Rate:
5.90 -
7.50%
7.51 -
9.30%
9.31 -
11.10%
11.11 -
13.00%
13.01 -
14.90%
14.91 - 17.10%
17.11 - 19.30%
19.31 - 21.60%
21.61 - 24.00%
24.01 - 26.50%

Origination Fees

An origination fee is charged on every loan that is successfully funded on Lending Loop. The origination fee covers the cost of underwriting and processing the loan.

Lending Loop Credit Rating
A+
A
B+
B
C+
C
D+
D
E+
E
Origination Fee:
3.0%
4.0%
5.0%
5.5%
6.0%
6.0%
6.0%
6.5%
6.5%
6.5%

Fees for late or delinquent borrowers can be found in the Support Center.

Are you a business owner?

Start your no-obligation business loan application today. This won’t affect your credit score.