LendKey is transforming a $3.2 trillion consumer lending market by enabling the nation’s 13,000+ community financial institutions to enter and succeed in online lending. Our innovative technology matches consumers with community banks and credit unions to create the most transparent, accessible and low-cost borrowing options in online lending.
Your customer does not need to be an existing customer with a participating Bank or Credit Union. Through our online application, we will match your customer with Bank or Credit Union they can work with.
When the time is appropriate, the contractor will submit a “Disbursement Request”, which will be attached to the customer’s online application. LendKey supports multiple disbursements on each loan allowing for better cash management for the borrower and contractor.
Each customer will be asked to review and approve each Disbursement Request digitally in their online account. Once the request is approved, funds are disbursed to the contractor directly via ACH.