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LendingClub Bank, National Association

LendingClub Bank, a prominent commercial bank, offers a variety of SBA loan programs designed to support small businesses in securing essential funding. With a focus on the 7A program, it provides flexible financing options for businesses seeking loans up to several million dollars. The bank specializes in serving small to medium-sized enterprises across various industries, helping entrepreneurs expand, purchase equipment, or manage cash flow. Its streamlined application process and experienced lending team make it a reliable partner for business owners looking to access SBA-backed capital. Located in Lehi, Utah, LendingClub Bank combines local expertise with national reach, ensuring clients receive personalized service and competitive terms. The bank’s commitment to supporting small business growth is reflected in its tailored loan solutions and dedicated customer support. Whether you’re starting a new venture or expanding an existing one, LendingClub Bank is equipped to help you achieve your business goals with SBA-backed financing options.

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Lender Type

Commercial Bank

Google Rating

2.3

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs to small businesses, providing funding options for growth, expansion, and working capital needs. You can find information on loan eligibility, application procedures, and support services tailored for small business owners.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-in consultations may be available during business hours. Contact the bank in advance to confirm availability and set up a meeting.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday, from 9:00 AM to 5:00 PM local time. It"s best to call ahead or check their website for specific branch hours and holiday schedules.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for accessing general information; however, specific loan applications and processing may involve fees, which will be disclosed during the application process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This service is open to small business owners nationwide, regardless of residency, as long as they meet the eligibility criteria for SBA loans.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 640 or higher is preferred, though other factors are also considered in the approval process.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

LendingClub Bank, National Association

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