No hard credit pull
Comparing options on LendingFounder does not affect your credit score. A hard inquiry only happens if you choose to apply with a provider.
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Built to make a comparison honest
Financing is quoted in ways that resist comparison. That is the problem this exists to solve.
The problem
Four ways to quote the same $100,000
A comparison is only useful if it can tell you to do nothing. If every path through a site ends in an application, it is a sales funnel wearing a calculator’s clothes.
| Quoted as | Looks like | What it leaves out |
|---|---|---|
| Factor rate | 1.28 on $100,000 | No time value. Repay in six months or eighteen and the cost is identical. |
| Monthly payment | $1,840 a month | Says nothing about the term, so nothing about what the loan costs in total. |
| APR | 9.9% APR | Comparable at last -- but only against another APR over the same term. |
| Discount on invoice | 3% of face value | A fee, not a rate. Its annualised cost depends on how long the invoice runs. |
None of these can be compared with another as stated. Figures are illustrative, chosen to show how far apart the conventions are.
Why this exists
Financing is quoted in deliberately incomparable ways. Factor rates against APRs, monthly payments against total cost, a rate that assumes points you had not agreed to pay. The confusion is not accidental -- it favours whoever is quoting. LendingFounder exists to restate offers on one basis so the comparison is honest.
How we think about it
A comparison is only useful if it can tell you to do nothing. If every path through a site ends in an application, it is a sales funnel wearing a calculator's clothes. We would rather be the place people check before deciding, including when the decision is to wait.
What we do not do
We do not lend, underwrite or approve. We do not give legal, tax or investment advice. We do not promise a rate, an approval or a score increase, because none of those are ours to promise.
Our commitments
What you can hold us to
One basis for comparison
Rates quoted four different ways cannot be compared. We restate every option in the same terms before showing it to you.
The exclusions too
Fees, prepayment terms and the conditions that decide a real outcome, not just the headline number.
No pressure
Nothing on this site is a sales floor. Deciding against all of the options is a valid result.
- 6 Product categories
- 0 Hard credit inquiries
- 4 Steps to a comparison
- 100% Of fees shown upfront
Have a look for yourself
Pick a category and see the options restated on one basis. Free, and no hard credit inquiry.