Click N Loan Review: Should You Use This Lending Marketplace?
Click N Loan is a lead generator, not a lender. You'll get multiple calls from unfamiliar companies after applying. Most small business owners get better terms by applying directly to community banks or SBA-approved lenders.
File Your AnswerBusiness cash flow problems? Click N Loan advertises same-day funding for entrepreneurs who need capital fast. But there's a catch: Click N Loan isn't a lender. It's a lead generator that sells your application to multiple companies you've never heard of.
Before you hand over your phone number and business details, you need to know how this process actually works and whether it's worth the phone calls that follow.
What Click N Loan Actually Does
Click N Loan operates a lending marketplace. When you submit an application through their website, they don't review your business or make a funding decision. Instead, they pass your information to a network of third-party lenders who may or may not offer you terms.
The company advertises four financing options:
- Merchant cash advances: You sell a portion of future credit card sales for immediate cash
- Revolving lines of credit: Borrow and repay on a flexible schedule up to your limit
- Short-term loans: Fixed repayment period, typically 3-18 months
- Equipment financing: Loans secured by machinery or vehicles you're purchasing
Each lender in Click N Loan's network sets its own rates, terms, and approval criteria. You won't know what you're getting until multiple companies contact you with offers.
The Same-Day Funding Claim
Click N Loan's website says qualified applicants can receive funding the same day. That claim comes with three major conditions:
- You must submit your application before 10 a.m. Eastern Time
- It must be a weekday (Monday through Friday)
- You must qualify under one lender's most aggressive approval standards
The company's own disclaimer admits minimal eligibility for competitive loan terms. Most applicants won't see money for several days or weeks, if they get approved at all.
What Happens When You Apply
The five-minute application asks for your business revenue, time in operation, credit score range, and the amount you need. Once you hit submit, the machine starts rolling.
Your contact information goes to multiple lenders simultaneously. Each company runs its own credit check or preliminary review. Then the calls start. Applicants report receiving 5-15 phone calls within 24 hours of submitting an application, sometimes from lenders they've never heard of.
Here's the part most borrowers miss: by providing your phone number to Click N Loan, you consent to receive marketing calls even if you're registered on the National Do Not Call Registry. That consent is buried in the privacy policy most people never read.
Once a lender has your number, they can legally call you repeatedly until you explicitly ask them to stop. The Federal Trade Commission won't help you because you volunteered the information.
Who Actually Funds These Loans
Click N Loan doesn't disclose its lending partners on its website. That's a red flag. You're entering a binding financial agreement without knowing who you're dealing with until they call you.
Some marketplace lenders work with reputable banks and credit unions. Others partner with high-interest alternative lenders that charge annual percentage rates above 50%. Without transparency, you can't evaluate the risk before you apply.
That said, you're not obligated to accept any offer you receive. You can hang up, delete the emails, and move on. But you've still given away your contact information and triggered multiple credit inquiries.
Better Business Bureau Rating and Complaints
Click N Loan earned BBB accreditation in June 2023 with an A- rating. That's recent. The company has limited complaint history because it's relatively new to the marketplace.
An A- rating doesn't mean the service is right for your business. It means Click N Loan responds to complaints and meets BBB's operational standards. It says nothing about the quality of lenders in their network or the loan terms you'll receive.
When evaluating any lead generation service, look beyond the BBB rating. Check third-party review sites, state licensing databases, and consumer forums where business owners share real experiences.
Is Click N Loan Worth Using?
Click N Loan serves one purpose: it saves you the time of applying to multiple lenders individually. That convenience comes at a cost.
Use Click N Loan if:
- You're comfortable receiving dozens of sales calls
- You have time to evaluate multiple offers from unfamiliar lenders
- Your credit is strong enough to qualify for competitive terms
- You're willing to research each lender before signing
Skip Click N Loan if:
- You prefer working directly with a known lender
- You're on a tight timeline and can't afford to sort through multiple offers
- Your credit is marginal (you'll likely get predatory terms)
- You're already overwhelmed by business demands and can't handle aggressive follow-up
Most small business owners are better served by applying directly to community banks, credit unions, or SBA-approved lenders. Those institutions have transparent terms, local decision-makers, and established reputations.
What to Do If a Business Loan Goes Into Default
Business loans carry serious consequences when you can't pay. Unlike consumer debt, business creditors can pursue aggressive collection tactics, including lawsuits, judgments, and liens on business assets.
If you're facing a business debt lawsuit, you have fewer protections than you would with personal debt. But you still have options. Many business owners don't realize they can negotiate settlements even after a lawsuit is filed.
If you're being sued over an unpaid business loan or personal guarantee, check if bankruptcy might be the right path. Chapter 7 can wipe out personal guarantees on business debts. Chapter 11 restructures business obligations so you can keep operating.
Don't ignore collection letters or court summons. Business creditors move faster than consumer creditors, and default judgments happen quickly when defendants don't respond.
How to Find Better Business Financing
You have alternatives to lead generation marketplaces like Click N Loan. Start with these options:
SBA 7(a) loans: Backed by the Small Business Administration, these loans offer terms up to 25 years and rates as low as 11%. Your local SBA district office maintains a list of approved lenders in your area.
Community Development Financial Institutions (CDFIs): Mission-driven lenders that work with underserved businesses. They're more flexible on credit requirements and offer technical assistance alongside financing.
Credit unions: Member-owned institutions that typically offer lower rates than commercial banks. Many credit unions have dedicated small business lending programs.
Online lenders with transparent terms: Companies like Funding Circle, OnDeck, and Kabbage publish their rate ranges and qualification criteria upfront. You know what you're getting before you apply.
Whatever route you choose, read the fine print. Business loans often include personal guarantees, which means your personal assets are on the line if the business fails. Understand exactly what you're signing.
The Bottom Line
Click N Loan is a legitimate company, but legitimate doesn't mean it's your best option. You're trading your contact information and time for the convenience of one application instead of five. For most small business owners, that trade-off isn't worth it.
Apply directly to lenders you've researched and trust. You'll get better terms, fewer headaches, and a clearer picture of what you're agreeing to before you sign anything.
If business debt is already crushing you, explore whether bankruptcy can give you a fresh start. You don't have to drown in unmanageable loans. You have options, and the sooner you act, the more options you'll have.