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Lendtable cash advance for 401(k) matching review

This cash advance helps you up your employer's contribution to your retirement account.

Bottom line:This cash advance could help increase the amount your employers contribute. But you might want to avoid installment repayments if your budget is tight.

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APRAt least 6% of profits generated from retirement plan
Interest Rate TypeFixed
Min. Credit ScoreNone
Loan Term18 months or lump-sum once the match is vested
Turnaround TimeAs soon as the same day


  • Can increase your retirement savings or investments
  • Pays 10% early withdrawal fee if you repay with 401(k)
  • Responsive live chat on website


  • Installment repayments could strain monthly budget
  • Doesn’t disclose maximum rates
  • Too new for customer reviews

Lendtable fees and terms

Lendtable doesn't have an interest rate for its cash advances — that's what makes it a cash advance instead of a loan. Instead, it charges a flat fee based on the profits generated from your 401(k) or ESPP. Fees start at 6% and vary depending on the borrower and plan.

Each advance comes with an 18-month term if you choose to repay it with installments. If you choose to pay with funds from your 401(k), you'll pay a lump sum when your employer's match money vests — usually after 12 months. For ESPPs, repay the advance all at once by transferring a portion of your shares once your company grants you the shares. That's usually happens once every six months.

How Lendtable compares to other lenders

Lendtable offers a unique product — if you want an advance to up your employer contribution to your 401(k) or ESPP, you might not find a better deal elsewhere. But for context here's how it stacks up to personal loans available to borrowers with fair credit.

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Lendtable reviews and complaints

BBB accredited No
BBB rating NR
BBB customer reviews
Trustpilot Score
Customer reviews verified as of 18 January 2021

Lendtable does not have any Trustpilot reviews.

Lendtable doesn't have any reviews on sites like Trustpilot or the Better Business Bureau yet. And its Reddit thread is empty as of January 13, 2021. But that could change — this lender has only been around since March 2020.

How to qualify

To qualify for a Lendtable cash advance, your must either have a 401(k) or ESPP through your employer. Lendtable doesn't list any income requirements, though your fee is partly based on your salary.

How the application works

You can apply for a Lendtable cash advance by filling out a quick form on its website. It offers a choice between an express application — which Lendtable recommends — and a standard form.

The express option connects to your payroll account and automatically completes part of the application. Otherwise you have to fill it out manually and upload a copy of your most recent pay stub.

Once approved, you could receive funds as soon as the same day you apply. Currently, Lendtable can deposit the funds directly into your bank account or send you a prepaid debit card. While it can't send the money directly to your employer yet, that option might be available soon.

What sets it apart

Lendtable is the only company that offers this service — advances to increase your employer's match on your 401(k) or ESPP. But it's also relatively new, meaning it's still getting started. You won't be able to know what to expect as a customer without waiting for more first-hand reviews to come out.

It also was launched right at the start of the coronavirus outbreak, which has dealt a financial blow to a lot of lenders. While it's survived this long, it's possible it won't make it much longer if the economy doesn't turn around.

Is Lendtable legit?

Lendtable is a legitimate cash advance company in that it has an easily accessible privacy policy and is transparent about costs. While you might not find everything you need to know online, it's easy to reach out to its customer service team through the live chat feature on its website. When it became clear that I had a long list of questions, the representative I spoke with offered to set up an appointment to chat on the phone.

Not sure Lendtable has exactly what you need? Read our guide to personal loans to find even more options.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Lendtable is a new lender that offers cash advances you can use to increase the amount your employer matches on your 401(k) or employee stock purchase program (ESPP). It could be useful if you want to contribute more to your retirement account but don’t have enough room in your budget.

But watch out for the installment repayment plan. If you’re already struggling to find extra room in your budget, taking out a loan will only increase your monthly expenses. Instead, opt to pay off the advance with a portion of your retirement account — Lendtable covers the 10% early withdrawal penalty if you’re under 59 years old. If that doesn’t seem worth it to you, consider finding ways to increase your contribution on your own.

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