The Loan Exchange

Compare The Loan Exchange with Ondeck, Kabbage and others. See rates, terms, loan amounts, and minimum credit scores.

Updated on June 30th, 2022

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The Loan Exchange offers a variety of small business loans to business owners and entrepreneurs. The company partners with a network of lenders to provide customized, unsecured loan products, giving small business owners much-needed financial flexibility.


Updated 11th of February 2020

We made it easier to compare The Loan Exchange's business loan product with Kabbage and OnDeck's offers.

Pros and Cons:


  • All credit scores welcome.
  • Compare multiple offers without affecting your credit score.
  • Fast application and funding process.
  • Minimal document requirements.


  • High origination fee.
  • Not available in all states.


The Loan Exchange presents a convenient and flexible option for SMBs looking to obtain unsecured business loans. While the application process is attractive, as it is fast, easy, and does not impact the applicant's credit score, the rates offered can be high and the origination fee is rather steep.


The Loan Exchange makes the application process incredibly easy and stress-free by requiring only a minimal number of documents. The qualification requirements are very lenient and The Loan Exchange does a soft credit pull, which means that applications don't have an impact on credit ratings.


  • Not available in all states.
  • Not BBB accredited.
  • Limited information regarding the business and products is available online.


The Loan Exchange is not accredited by the Better Business Bureau. There are generally very few customer reviews to be found and The Loan Exchange's social media pages reveal no activity since 2018. Of six reviews on Trustpilot, two contain unrelated comments while the other four praise service and efficiency.

Loan Rates and Terms:

Loan Type

Loan Amount

Interest Rate


Business Loan


From 14.90% (15% origination fee)

6–120 months

Personal Loan


From 13.33%

47–180 months

Mortgage Loan

Dependent on client

Calculate Online

15 or 30 years

The Loan Exchange vs. Kabbage
The Loan Exchange vs. Kabbage:

Both The Loan Exchange and Kabbage offer loans up to $250,000 and have similarly lenient qualification requirements and speedy application and funding processes. While The Loan Exchange charges a rather steep origination fee and interest rates from 14.9%, Kabbage charges no origination fee but has a more complex fee system.

Comparison of Competing Products:

In the following comparisons, only The Loan Exchange's business loan offer is compared to similar competing products.

The Loan Exchange vs. Kabbage Comparison:


The Loan Exchange


Loan Type

Term loan

Lines of credit

Max. Loan Amount




6 to 120 months

6, 12, or 18 months

Interest Rate

14.90% (15% origination Fee)

Monthly fees from 1.25% to 10% (no origination fee)

Min. Credit Score



The Loan Exchange vs. OnDeck
The Loan Exchange vs. OnDeck:

OnDeck and The Loan Exchange both offer term loans for small businesses, but OnDeck offers a larger max amount and better rates. The Loan Exchange is a competitive option for business owners with bad credit scores looking for fast access to small amounts of funding. However, if you have a good credit score, OnDeck is the best choice.

The Loan Exchange vs. OnDeck Comparison:


The Loan Exchange


Loan Type

Term loan

Term Loan

Max. Loan Amount




6 to 120 months

3 to 36 months

Interest Rate

14.90% (15% origination Fee)

From 11.9%

Min. Credit Score




The Loan Exchange does not offer any added features, such as a business loan cost calculator, business support and advice resources, or similar features, that many competitors, including Kabbage and OnDeck, offer.

Key Products:

Personal loans:

Unsecured personal loans up to $100,000 with payment terms ranging from 47 to 180 months and APRs from 13.33%. Only borrowers with excellent credit scores are likely to get large amounts at low rates.

Business loans:

Unsecured business loans up to $250,000 with payment terms up to 120 months. Easy application and fast funding process but a steep origination fee.

Mortgage loans:

Offers mortgage refinancing. 15 or 30-year fixed term lengths and no closing costs.

At a Glance:

Online Dashboard


Mobile App


Lines of Credit


Term Loans


Customer Support

Phone and email.

24/7 Support




Key Information:

Legal Name

Loan Exchange, LLC

Founding Date

Jan 01, 2017


1 City Boulevard West, Suite 1500, Orange, CA, 92868, United States

Number of Employees


Number of Customers




1 (844) 956-2639



What is The Loan Exchange?

The Loan Exchange offers personal, mortgage, and business loans that cater to the needs of individuals and organizations.

What type of loans does The Loan Exchange offer?

Through The Loan Exchange network, small business owners are able to acquire prime business loans, SBA loans, and working capital loans ranging from $6,000 to $250,000. Terms range from 6 to 120 months. The Loan Exchange also offers personal and home loans.

What is The Loan Exchange's interest rates?

The Loan Exchange's annual percentage rate (APR) starts at 14.90% for business loans, which also incur a 15% origination fee. Personal loans attract an APR starting at 13.33%. For more specific rates, visit The Loan Exchange's website.

What documents are required when applying for a personal loan?

With The Loan Exchange, you only need three documents: employment and income information, bank account information and statements, and a credit report.

What are some alternatives to The Loan Exchange?