We have used SOFI to provide options for personal lending. I received an email that SOFI has a business portal. They performed a soft pull, asked for type of entity, the dates of incorporation, and average monthly revenue. I got two options to come up, but no data points such as no idea what limits are to loan options or interest rates, but said both of these lenders have term loans and LOCs available for my LLC. These two are Lendio and OnDeck. I stopped right there, and will do some research.
I am of the opinion that a small local community bank will be my best option for BLOCs, which is what I am really interested in (so I can do renovation on a property and not get a HELOC on my own residence). I'll be happy if any of you has further information on Lendio (not many hits here) or OnDeck. And I'll post back if I find anything else out.
