COMPARISON
Lendway vs Lending Club
An honest comparison to help you choose the right business funding partner for your needs.
✓ Unbiased Analysis✓ Real User Feedback✓ Updated December 2025
OVERVIEW
At a glance
L
Lendway
RECOMMENDEDA modern business funding marketplace that connects you with 75+ lenders for the best rates and terms. Transparent pricing, fast approvals, and dedicated support.
Highlights
- No hard credit pull to check rates
- Access to 75+ lenders in one application
- Same-day funding available
- Transparent fee structure
- US-based support team
L
Lending Club
Est. 2006LendingClub offers business term loans with competitive rates and transparent terms for qualified businesses.
Pros
- Competitive rates
- Transparent terms
- Established company
- No prepayment penalty
Cons
- Not the fastest
- Higher requirements
- Monthly payments only
FEATURES
Feature comparison
| Feature | Lendway | Lending Club |
|---|---|---|
Soft Credit Pull to Check Rates See rates without impacting your credit score | ||
Same-Day Funding Get funds deposited the same day you apply | ||
Multiple Lender Options Compare offers from multiple lenders | ||
Bad Credit Accepted Options for credit scores below 600 | ||
No Collateral Required Unsecured funding options available | ||
Transparent Pricing Clear fee structure with no hidden costs | ||
Dedicated Advisor Personal support throughout the process | ||
Maximum Loan Amount Highest available funding | $5,000,000 | $500,000 |
Minimum Credit Score Credit requirements | All credit types | 600+ |
Time in Business Required Minimum operating history | 3 months | 1 year |
APR Range Interest rate range | 7.5% - 45% | 9.77% - 35.71% |
Funding Speed How quickly you can get funded | Same day - 7 days | 3-7 days |
Rate Competitiveness How competitive are the offered rates | 4.5 | 4.0 |
Application Experience Ease and speed of the application process | 4.5 | 3.0 |
Customer Support Quality Responsiveness and helpfulness of support | 5.0 | 4.0 |
RATINGS
How they compare
Interest Rates
Lendway
4.5
Lending Club
4.0
Funding Speed
Lendway
4.5
Lending Club
3.0
Customer Service
Lendway
5.0
Lending Club
4.0
Flexibility
Lendway
5.0
Lending Club
3.0
Overall Experience
Lendway
4.5
Lending Club
4.0
OUR VERDICT
Lendway edges out Lending Club
Both are solid options, but Lendway's marketplace model gives you more flexibility and options. Lending Club excels at competitive rates, but for most businesses seeking the best rates and terms, Lendway's ability to compare multiple lenders in one application is a significant advantage.
FAQs
Common questions
Is Lendway better than Lending Club?+
Both options have their strengths. Lendway is a lending marketplace that connects you with 75+ lenders, giving you more options to compare. Lending Club is a direct lender with competitive rates. The best choice depends on your specific needs, credit profile, and funding timeline.
What are the main differences between Lendway and Lending Club?+
The key difference is that Lendway provides access to 75+ lenders through one application, while Lending Club offers funding directly. Lendway offers loan amounts up to $5M with funding as fast as 4 hours, while Lending Club offers up to $500,000 with funding in 3-7 days.
Which has better rates: Lendway or Lending Club?+
Rates vary based on your business profile, credit score, and loan type. Lendway's marketplace model often helps businesses find more competitive rates by comparing multiple lenders. Lending Club's rates range from 9.77% to 35.71%. We recommend checking both to see which offers better terms for your situation.
What credit score do I need for Lending Club?+
Lending Club typically requires a minimum credit score of 600+. Lendway works with all credit types and can connect you with lenders even if you have bad credit, giving you more options to explore.
How fast can I get funded with Lending Club vs Lendway?+
Lending Club typically funds in 3-7 days. With Lendway, depending on the lender match, you can receive funding as fast as 4 hours for certain products, though most loans fund within 1-7 days.
Does Lending Club do a hard credit pull?+
Lending Club uses a soft credit pull initially, similar to Lendway. Lendway never performs a hard credit pull when checking your rates—only when you choose to proceed with a specific lender.