Our verdict
Lendistry is one of the few lenders community development financial institutions (CDFIs) that operates fully online. With rates that stop at 16% APR, it's also highly competitive compared to other online lenders, which have interest rates that often reach 100% APR.
But it's also more difficult to qualify with Lendistry than other nonprofit business loan providers. While it accepts new businesses, you'll need to have a personal credit score above 680 to qualify.
Best for: Established small businesses with good credit.
- CDFI with online applications
- Accepts new businesses
- Low APRs from 6.75% to 16%
- Top SBA Community Advantage lender
- Doesn't disclose rates and fees for all loan programs
- Requires high monthly sales
- No loans or programs for bad credit
Lendistry business loans is not currently available on Finder
Have you considered Lendio business loans?
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
- Required time in business: 1+ years
- Required annual revenue: $100k+
- Min credit score: 560+
Min. Amount
$250,000
Max. Amount
$3,000,000
APR
Starting at 6.75%