Lendified Reviews and Ratings

Lendified

Lendified has been funding Canadian businesses since 2015. They saw a gap in the business loan market and wanted to create a lending solution that would better serve Canadian business owners. When you choose Lendified, you can qualify for up to $150,000, take advantage of their affordable rates, and save up to 40% compared to other non-bank business loan lenders and merchant cash advance providers.

Build Better Credit

With a business loan from Lendified, not only will you get the capital you need to expand and grow your business, you’ll also be improving your credit score with every payment. Better business credit means you’ll be able to qualify for large loans and better rates in the future.

Business Hours
Monday-Friday: 9am to 5pm (EST)

Support Offered
Web Chat Help Center/Blog Email Support

Services Offered

Conditions & Rates


  • Interest rate:
    5.6% – 25.5%
  • Amount:
    $1,000 – $35,000
  • Term:
    36 – 60 months

Eligibility & Documents


  • Who is eligible:
    Canadian citizen or resident
    Age of majority in the province of residence
    Valid account with a Canadian bank or financial institution
    Valid email address
    Credit score above 660
    No bankruptcies or current delinquencies on file
    $20,000 minimum income annually before taxes
  • What you need to provide:
    Proof of income: 2 paystubs or NOA from last 2 tax returns
    Verify Identity: digital check through Equifax
    Verify Bank Account: connect bank via VersaPay to complete verification

Repayment & Issuance


  • How fast can you get the money
    1 day or more
  • Funding method
    Direct bank deposit
  • How does repayment work
    Monthly, automated payments

Reviews & Ratings


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Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.