Lendit Reviews
Lendit offers fast, transparent loans for small to medium businesses, with flexible terms, clear repayment plans, and responsive customer support.
5
/
5
The bank said no. But Lendit said Yes!
Darren Charles
5
/
5
Incredible service that delivers every time.
Kym Richardson
5
/
5
Thank you for the help and support.
Will Calendar
4
/
5
Quick approval. Funds arrived fast.
Emily Harris
4
/
5
Friendly staff, seamless process!
Jason Lee
5
/
5
Transparent terms and easy app.
Sophie Wood
Explore Lendit's Finance Solutions:
Loan Type:
Unsecured Business Term Loan
Loan Range:
£5,000 – £250,000
Loan Terms:
3 months to 36 months
Minimum Turnover and Trading Age:
At least 6 months trading and £50,000 annual turnover
Interest Rate / Factor Rate:
5.9% – 29.9% APR (fixed)
Fees:
Arrangement fee 2% – 4% of advance; no early-repayment fee; late-payment fee £50 + interest
Loan Type:
Revolving Credit Facility
Loan Range:
£10,000 – £150,000
Loan Terms:
Open-ended line, reviewed every 12 months
Minimum Turnover and Trading Age:
£75,000 annual card or bank receipts
Interest Rate / Factor Rate:
0.8% – 2.5% monthly utilisation fee (equivalent 10% – 26% APR)
Fees:
0.5% drawdown fee per utilisation; £150 annual renewal fee
Loan Type:
Merchant Cash Advance
Loan Range:
£5,000 – £300,000
Loan Terms:
Typically 3 – 12 months (dependent on card turnover)
Minimum Turnover and Trading Age:
Minimum £5,000 monthly card receipts for past 3 months
Interest Rate / Factor Rate:
Factor rate 1.10 – 1.40 (equivalent 15% – 35% cost of finance)
Fees:
No arrangement fee; one-off factor rate includes all costs
Loan Type:
Selective Invoice Finance
Loan Range:
£10,000 – £500,000 per selected invoice batch
Loan Terms:
Up to 120 days per invoice
Minimum Turnover and Trading Age:
£100,000 annual turnover; 12 months trading
Interest Rate / Factor Rate:
1.5% – 3% of invoice value per 30 days
Fees:
Service fee 0.5% of invoice value; trust-account fee £15/month
Loan Type:
Asset Finance (Hire Purchase & Finance Lease)
Loan Range:
£10,000 – £1,000,000
Loan Terms:
1 year to 5 years
Minimum Turnover and Trading Age:
£250,000 annual turnover; 12 months trading
Interest Rate / Factor Rate:
4.5% – 15% flat rate (representative 8.9% APR)
Fees:
Documentation fee £295; option-to-purchase fee £100 (HP only); early termination calculated on Rule of 78
Loan Type:
Loan Range:
Loan Terms:
Minimum Turnover and Trading Age:
Interest Rate / Factor Rate:
Fees:
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