Lending Club - Steer Clear!
They approached us via marketing materials for business capital.We submitted all our documents to find out that they really have to idea on how to evaluate a business and the financials.
Stay away, huge waste of time. I would advise a company to go the traditional way and go to the bank. They asked for many documents to only find out they they have no clue as to what a balance sheet is. They solely judge the company on tax returns.
The worse thing about them is they contact you several times saying you are eligible.Make me sick I wasted my time.
Review about: Lending Club Loan.
Reason of review: Poor customer service.
Monetary Loss: $1000.
Preferred solution: Let the company propose a solution.
I didn't like: Useless service, Deceptive advertising, Ridiculous paperwork required, Five percent origination fee, Mistakes made in processing.