37Lend

How 37Lend works, from application to funding

You fill in one application, it is matched against a network of 75+ lenders, and you choose from the offers that come back, or none of them. Here is what happens at each stage, and when your credit is checked.

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Read the FAQ

Start your application

$5,000 or more.

What's it for?

Next you'll sign in or create an account on our secure page, then finish the application in about six minutes. Looking uses a soft credit inquiry, which doesn't affect your credit score.

Five stages, one application

Your account shows which stage your application is at, and anything that is waiting on you.

  1. Application

    Tell us about your business

    What you do
    Sign in or create an account, say how much you need and what it's for, add your business and its owners, agree to the credit authorizations and review. It takes about six minutes, and documents and the bank account for funding can wait until later.
    What happens
    Nothing about your application reaches our funding partner or any lender until you send it. Your Social Security number and EIN are used to verify you and your business, not to run a hard credit check.
    Your credit
    No inquiry yet. You authorize the soft inquiry as part of the application.

  2. Processing

    Your business is verified and matched

    What you do
    Nothing, unless a lender needs something more. Anything still needed shows up in your account as an open item, and you upload documents there.
    What happens
    Your identity and business are verified, a soft credit inquiry is made, and your application is matched against our network of 75+ lenders and sent to those whose criteria fit it. You can follow its progress in your account.
    Your credit
    A soft inquiry, which doesn't affect your credit score.

  3. Offers

    Compare real offers side by side

    What you do
    Read each offer, sort them by lowest cost, largest amount or fastest funding, and ask your advisor anything before you decide. You are under no obligation to accept any of them.
    What happens
    Each lender that makes an offer sets its own terms. Every offer is shown with its amount, rate, term, payment, fees, total payback and estimated time to fund, and none is hidden.
    Your credit
    Still only the soft inquiry. Looking at offers doesn't affect your credit score.

  4. Closing

    Accept one offer and sign

    What you do
    Accept the offer you want, choosing a different amount or term if the lender quotes a range. Then clear any final items the lender asks for, and sign the agreement it sends you.
    What happens
    Before you accept, you are shown the authorizations, including the one for the lender's hard inquiry, and asked to agree. Accepting declines your other open offers on your behalf. The agreement is between you and the lender, and it confirms the final figures.
    Your credit
    The only stage where a lender may run a hard inquiry, and only after you are told and agree.

  5. Funded

    The lender sends the money

    What you do
    Nothing more to arrange with us. Your agreement with the lender sets out how it is repaid.
    What happens
    The lender sends the funds directly to your business bank account. Your account keeps the offer, your documents and your conversations with your advisor.
    Your credit
    No further inquiry through 37Lend.

When your credit is checked

There are two moments. Only the second can affect your credit score, and it happens only if you choose to accept an offer.

Looking at your options: a soft inquiry

When it happens
When you send your application.
Effect on your score
None. On your credit report, only you can see it.
Before it happens
You authorize it in the application.

Accepting an offer: a hard inquiry is possible

When it happens
Only if you accept an offer, and it is made by that one lender, not by 37Lend.
Effect on your score
It can affect your score. This is the only step that can.
Before it happens
Your account shows you the authorization, names the lender and asks you to agree.

Declining an offer, or letting one expire, never leads to a hard inquiry. If a lender declines your application, its notice and the reasons come from that lender. If you think something on your credit report is wrong, you can dispute it with the bureau that issued it; the privacy policy explains credit checks in full.

What you see in your account

The whole process is visible in your account, on the web and in the 37Lend mobile app, rather than relayed through a broker.

  • Every offer, side by side

    Each offer shows its total cost next to the amount, rate, term, payment and fees. Sort them by lowest cost, largest amount or fastest funding; none is buried.

  • Where your application stands

    A tracker shows which of the five stages you are at, and a timeline records each step as it happens.

  • Documents and open items

    Anything a lender still needs is listed on your application, and you upload it from the same page.

  • Your advisor

    Message your funding advisor from your inbox, before you choose an offer and after.

Ready when you are

Apply once, compare every offer side by side, and decide. Applying is free,3 and no lender runs a hard inquiry unless you accept its offer.

Start your application

Questions first? Read the small business funding FAQ, or book a call with a funding advisor.