| Takeaway | What It Means |
| 🏦 Marketplace Not Lender | Lendtek, run by iFund Daily, LLC, is a simple matching marketplace pairing borrowers with lenders; it issues no loans. |
| 📊 Verified Scale | Lendtek reports $1 billion+ across 20,000+ funded loans via 100+ lenders, per its 2026 disclosures. |
| 🔍 Soft Pull Application | Applying is free and triggers a soft credit check only; a hard pull may follow when you accept some offers. |
| ⭐ Split Review Record | 4.8 across 400+ Google reviews and a BBB A+, against 2 negative Trustpilot reviews. |
| 💵 Floors Are Entry Points | The 450+ credit floor and $10,000 monthly revenue minimum open the door; low advertised rates go to stronger profiles. |
| 🧭 Reviewed by a Marketplace | Published by United Capital Source, a full-service concierge business funding marketplace with 80+ lenders. |
An independent look at the Lendtek platform — verified rates, funding speeds, review data, and how its 100+ lender network compares.
| Signal | Detail |
|---|---|
| Company | iFund Daily, LLC d/b/a Lendtek; founded 2014; offices in New York, NY and Island Park, NY |
| Model | Matching marketplace connecting borrowers to 100+ verified lenders and banks; not a direct lender |
| Products | SBA, term loans, business line of credit, business cash advance, equipment financing, accounts receivable financing |
| Funding range | $1,000 to $15 million depending on product |
| Rates | From 3% (receivables) to 28% (upper credit line band); cash advance from 18% |
| Speed | As fast as 3 hours advertised; 24 to 72 hours realistic; SBA runs weeks |
| Minimums | 450+ credit score, $10,000 monthly revenue, 6 months in business |
| Application | Free, soft pull, web or iOS/Android; bank connection via Finicity by Mastercard |
| Reputation | BBB accredited A+ (14 complaints/3 yrs); 4.8 across 400+ Google reviews; 870 Birdeye; 2 Trustpilot reviews, both negative |
| Scale claimed | $1 billion+ funded across 20,000+ loans |
Small business owners comparing business loans face dozens of platforms promising fast, easy capital. Sorting a legitimate matching platform from a lead reseller takes verified facts, which this Lendtek review supplies.
Lendtek is an online matching marketplace, not a direct lender: its software connects a business profile to its network of matched, verified banks by algorithm. It lets you review loan options side by side before any hard pull. Legally, iFund Daily, LLC operates from New York and reports more than $1 billion in funding across 20,000+ loans.
United Capital Source, the concierge business funding marketplace publishing this review, has facilitated $1.6 billion+ for 40,000+ businesses since 2011 through its 80+ lender network. That experience makes this evaluation practical: verified numbers, real mechanics, honest fit.
This Lendtek review covers:
Lendtek is a legitimate small business loan marketplace operated by iFund Daily, LLC, with an A+ BBB accreditation and verified offices in New York, NY, and Island Park, NY. Founded in 2014, it reports 20,000+ funded loans.
What makes Lendtek a trusted platform is reading it as a matching service, not a direct lender. Approvals and capital come from its verified banks; disclosures state any loan closes on each third-party lender’s own terms.
Legitimacy questions have a specific cause: impersonators. Lendtek publishes a fraud disclosure warning that scammers have pitched fake grants in its name; real messages come only from its own email domains, never Gmail. The Federal Trade Commission recommends the same habits: confirm entity and address, and treat unsolicited grant promises as red flags.
60-Second Legitimacy Check
Legal entity vs state records, address vs BBB, sender vs company domain, no unsolicited grant offers.
Lendtek’s network covers six financing products, from a $1,000 business line of credit to $15 million term loans, enough loan options for most small business needs; published amounts are ceilings, not promises. HELOC pricing is unpublished, so ask Lendtek directly.
Picture a Nassau County HVAC contractor needing an $85,000 compressor before a July install: equipment financing here advertises 24-hour approvals from 7.5%. The same loan routed through the United Capital Source network reaches equipment lenders at a 475+ FICO floor, so fair credit keeps the fast path open.
Government-backed SBA loans reach $10 million at 6% to 11.5% across 7(a), 504, and microloans. Realistic SBA timelines run for weeks once underwriting starts, regardless of which platform originates it.
Business term loans span $5,000 to $15 million from 8%; business line options run $1,000 to $3 million at 1.25% to 28%, with interest only on what you draw. The wide band makes the truth plain: credit profile drives pricing.
Business cash advances reach $2 million from 18%, repaid from daily sales. Equipment financing covers $5,000 to $5 million from 7.5%, and receivables financing advances capital against invoices from 3%; all three advertise 24-hour funding.
| Product | Amount | Advertised Rate | Advertised Speed |
| SBA Loans | $10 million maximum | 6% to 11.5% | About 7 days |
| Term Loans | $5,000 to $15 million | From 8% | About 24 hours |
| Business Credit Line | $1,000 to $3 million | 1.25% to 28% | 1 to 2 days |
| Business Cash Advance | $5,000 to $2 million | From 18% | About 24 hours |
| Equipment Financing | $5,000 to $5 million | From 7.5% | About 24 hours |
| Accounts Receivable Financing | Tied to receivables | From 3% | About 24 hours |
Lendtek publishes business loan interest rate floors by product, more disclosure than many platforms give, but floors describe the strongest small business applicants. Two businesses applying in the same week can receive offers priced far apart; the 1.25%-28% band shows the spread.
Here is the arithmetic review pages skip. A $50,000 term loan at the 8% floor over 5 years costs about $1,014 per month, roughly $10,830 in total interest. The same $50,000 at 18%, closer to cash advance pricing, runs about $1,270 monthly with interest near $26,180. The rate you receive matters more than any floor.
Scale it up: a $100,000 business loan at 8% over 5 years runs about $2,028 per month. In our experience across 40,000+ funded businesses, owners who compare on total repayment cost decide better; a short term at a higher rate can still cost less overall.
Lendtek’s minimums are a 450+ credit score, $10,000 in monthly revenue, and 6 months in business. A perfect loan option for every applicant is a pitch; treat the numbers as the door, not the price tag. Meeting them makes a small business eligible; advertised floors go to established operations with solid deposits.
Take a Charlotte e-commerce seller with a 585 FICO and $28,000 in monthly deposits who applied in February. She cleared every minimum, yet her loan options priced above the floors: matched lenders read revenue consistency and credit together. Across 40,000+ funded businesses, deposit consistency moves offers more than a 20-point score gap.
What disqualifies a loan is usually revenue below the minimum, thin operating history, or open items like unresolved tax liens. A business that misses one platform’s cut can still find funding; the United Capital Source network carries a 475+ FICO floor across revenue-based products, with merit-based paths weighing bank statements over the score.
Lendtek’s small business loan application process runs on its website or apps, uses a soft pull, and moves in five easy steps shaped by personal loan preferences you set. Applying is free, so you see matched loan options without credit impact or waiting.
Complete the business profile and answer questions about revenue and the personal loan preferences that steer matching. Each business profile answer feeds the matching process, so accuracy shapes the loan options you receive.
Upload PDF statements, or have the bank securely connect over Finicity by Mastercard rails, enabling a fast read of financial data. The business bank account link enables 3-hour funding; manual verification adds days to the process.
Once matched, the review process puts loan options side by side; compare total repayment, not headline rate.
An advisor can talk through what the small business needs before you decide. Some products trigger a hard pull only at acceptance; ask which applies, as the CFPB recommends.
Funding lands by deposit to the business bank account on file, in as few as 3 hours for some approved loans; plan on 24 to 72 hours.
Lendtek reviews split sharply by platform, and the split makes the picture clearer. Small business customers rate it 4.8 on Google across 400+ reviews, the Birdeye listing for the Island Park, NY office shows 870 reviews, and the BBB profile pairs its A+ with 14 complaints in three years. Trustpilot holds 2 reviews, both negative, citing unsolicited contact and cash advance pressure.
Google and Birdeye reviews skew toward funded clients, who praise fast approvals, competitive rates, and named specialists. BBB complaints and Trustpilot reviews come from users who got marketing outreach or stalled mid-application; the themes: spam texts and dropped communication. In addition, thousands of matching-service customers industry-wide report that pattern, a model trait, not a Lendtek quirk.
| Pros | Cons |
| Free, soft-pull funding application with fast approvals | Unsolicited marketing is the top complaint theme |
| Wide product menu, including HELOCs and receivables | Pricing on some products stays undisclosed |
| 4.8 across 400+ Google reviews; BBB A+ | Trustpilot reviews are few and negative |
No single funding platform fits every small business; honest business financing advice starts there. Lendtek makes sense for users who want an easy, app-first experience and fast matching. A small business that needs hands-on structuring or whose loan falls outside one box needs a different model.
United Capital Source runs the concierge version from Garden City, NY. One application gives access to 80+ verified lenders; when one declines, your packaged loan moves to the next fit, no paperwork restart. In addition, specialists give clients personalized support, comparing loan options on total cost and structure.
Lendtek earns its trusted platform standing: verified scale, competitive rates for strong applicants, and an easy, soft-pull process. It fits a small business that wants matched loan options fast and will push back if a cash advance offer prices above its needs.
It is a weaker fit for small business owners who want published pricing first or dislike marketing outreach, and for businesses that need consultative structuring. Its promise of a perfect loan option matched in minutes is shorthand; approved customers report good experiences; declined applicants drive most complaints. Learn what each loan costs, then decide on numbers, not stress or momentum.
Based on the available information, we rate Lendtek 4 out of 5. It’s an easy and convenient option with robust lender and loan options, but it could use more transparency in the process and costs.
| “A review should say plainly which business each model serves; a business that chose with clear eyes comes back.”
— Jared Weitz, CEO and Founder of United Capital Source |
Yes. Lendtek is a legitimate small business loan matching service run by iFund Daily, LLC, with BBB accreditation and verified lenders. Customers should confirm outreach comes from Lendtek’s own email domain, as impersonators have misused the brand.
The entry floor is 450+, with $10,000 in monthly revenue and 6 months in business. A small business on the floor gets matched with no impact on its credit; low rates on small business loans go to stronger profiles.
No, applying does not affect your score: have the bank securely connect a business bank account, and the process reads financial data via Mastercard as a soft pull. In addition, a hard inquiry with a real credit impact may be triggered when you accept certain loan options.
Advertised speed can hit your account within 3 hours, and many receive funds fast, within 24 hours once approved. Planning around 24 to 72 hours avoids funding stress; SBA loans take weeks.
Lendtek lists offices in New York, NY, and Island Park, NY, which makes both simple to confirm against its BBB profile. Contact Lendtek at either office; the Island Park address is listed in most review listings.
Revenue based business financing and equipment financing tend to be the easy approvals; underwriting leans on deposits or collateral. Small business owners can access those paths at a 475+ FICO floor through the United Capital Source network and find the fit with a specialist’s personalized support.
A Lendtek review is step one; comparing real loan options protects your business. United Capital Source, the concierge business funding marketplace in New York, makes the comparison process simple: one free application, 80+ lenders serving thousands of clients, and access to small business loans of $1,000 to $25 million.
Find term loans, business line options, equipment financing, and revenue-based capital matched to your needs, enabling funding inside 24 hours for approved small business loans, with no credit impact.
| One Application, 80+ Lenders
Apply once. We package the loan and submit it across the network, and if one lender declines, your business never restarts paperwork. |
Disclaimer:
This Lendtek review is informational only and does not constitute financial, legal, or tax advice; figures are accurate as of July 2026 and are subject to change. Verify terms with any lender directly, review SBA requirements at sba.gov, and consult a CPA about how a small business financing decision affects you.
The Lendtek trademark is owned by I Fund Daily LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from I Fund Daily LLC.
Jared Weitz is the Founder & CEO of United Capital Source (UCS), one of the nation’s fastest-growing business financing marketplaces. Since founding the company in 2011, Jared has built a technology-enabled platform that has facilitated over $1.6 billion in funding to more than 40,000 businesses across the United States. Under his leadership, UCS has evolved into a full-service marketplace that connects business owners with 80+ lenders while providing hands-on guidance throughout the entire funding process. Rather than selling client information like most lead generation companies in the business loans space, UCS works directly with each applicant—leveraging technology and experienced funding professionals to match businesses with the right financing options, structure deals, and guide them from application through funding and future growth. Jared’s work has earned national recognition, including the National Commercial Loan Broker of the Year award in 2019, and placements on the Inc. 5000 list in 2015 and 2017. He also serves as Broker Council Co-Chairman for the Small Business Finance Association, where he helps advocate for expanded access to capital for small businesses nationwide.
