As of April 2019, Lending Club stopped originating business loans—now, they connect prospective borrowers with their lending partner, Opportunity Fund, to help them find the financing they need.
Therefore, prospective borrowers who submit their information for a business loan through the Lending Club website will be referred to Opportunity Fund (or one of their partners) to complete the application process.
Read our Opportunity Fund review for information about their loans, rates, and application process.
That said, Lending Club also offers personal loans that can be used for business purposes—these loans, however, are available in much smaller amounts.
Priyanka Prakash is a senior contributing writer at Fundera.
Priyanka specializes in small business finance, credit, law, and insurance, helping businesses owners navigate complicated concepts and decisions. Since earning her law degree from the University of Washington, Priyanka has spent half a decade writing on small business financial and legal concerns. Prior to joining Fundera, Priyanka was managing editor at a small business resource site and in-house counsel at a Y Combinator tech startup.