What every business owner should know.

We are a direct lender

Main Street Lending is a direct small business lender. We originate, underwrite, fund, and service commercial financing — term loans, lines of credit, equipment financing, SBA loans, and invoice factoring — from our own balance sheet. The decision to approve, decline, or modify a financing request is made by Main Street Lending, not by a third party.

Not a bank or depository institution

Main Street Lending is a non-bank commercial lender. We are not a bank, savings association, credit union, trust company, or other depository institution. We do not accept deposits, and our financing products are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other federal or state deposit insurance program. Our lending activities are conducted under applicable state lending licenses and other authorizations, available on request.

Lending licenses and registrations

Main Street Lending holds the lending licenses, registrations, and authorizations required for the states in which it lends and the products it offers. Our NMLS identifier and a current state-by-state list of licenses are available on request. Some products are limited to specific states; we will tell you up front if a product is not available in your jurisdiction.

Approval is not guaranteed

All offers are subject to Main Street Lending's underwriting and credit approval. Available amounts, rates, fees, repayment frequency, and other terms vary based on the product, your time in business, your monthly revenue, your industry, your credit profile, your collateral, and other underwriting factors. Submitting information to us does not guarantee that any offer will be made and does not obligate you to accept any financing.

Decisions made in-house

Underwriting, credit committee review, and closing on Main Street Lending loans take place inside Main Street Lending. The underwriter who reviews your file, the credit committee that reviews larger requests, and the closing team that funds the loan all work at Main Street Lending. For SBA loans, Main Street Lending is an SBA-approved lender and handles the SBA portion of the file in-house under Preferred Lender Program procedures where applicable.

Commercial use only

All financing products referenced on this website are intended for business and commercial purposes only. We do not originate consumer credit of any kind, including personal loans, residential mortgages, home equity loans or lines, auto loans for personal use, student loans, or credit cards intended for personal use.

Equal Credit Opportunity Act

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

The Federal agency that administers compliance with this law concerning Main Street Lending is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.

Credit reports and credit pull authorization

As part of evaluating your business and any owner who guarantees the financing, Main Street Lending may obtain consumer credit reports from one or more nationwide consumer reporting agencies (Experian, Equifax, TransUnion) and business credit reports from commercial credit bureaus (including Experian Business, Equifax Small Business, Dun & Bradstreet, and Paynet). We may also obtain bank-transaction data, where you authorize us to access it through a bank-linking service.

Our pre-qualification process uses a soft credit inquiry, which does not affect your personal credit score. A hard credit inquiry, which may temporarily impact your personal credit score, occurs only after you complete a full application, are presented with a proposed offer, and authorize the hard pull. We will tell you, in writing, before any hard credit inquiry is made.

Under the Fair Credit Reporting Act, you have the right to obtain a free copy of your credit report from each nationwide consumer reporting agency once every twelve months at annualcreditreport.com, to dispute inaccurate information directly with the consumer reporting agency, and to receive notice if information from a credit report is used to take an adverse action against your application. We will provide a Notice of Adverse Action if we decline to extend credit based in whole or in part on information in a credit report.

How we are compensated

Main Street Lending earns the interest and fees on the loans we make. We are not paid a referral fee or commission by a third party for the financing we extend. The all-in cost of any Main Street Lending offer — interest rate or APR, origination, and any other fees — is disclosed in writing in the offer letter and loan documents. You should review all documents carefully before signing.

Rate and APR transparency

Main Street Lending commits to disclosing the all-in cost of every offer in writing before you sign. This includes the interest rate or APR, the origination fee, any other fees, and the prepayment terms. If we cannot disclose a number, we will not represent it as one.

State commercial financing disclosures

A number of states require specific commercial financing disclosures to be provided to applicants in writing at the time an offer is presented. These include California (Senate Bill 1235 and related regulations), New York (Commercial Finance Disclosure Law), Utah, Virginia, Connecticut, Georgia, and Florida, among others. Main Street Lending delivers the required disclosure alongside the offer in compliance with applicable state law.

SMS messaging program

Main Street Lending sends transactional SMS messages related to your loan inquiry and application, including identity verification codes, document requests, status updates, signing reminders, and one-to-one conversations with your loan officer. SMS messages are sent only to applicants who explicitly opt in by checking the SMS consent box on our contact form. Consent is not required to obtain a loan.

Message frequency varies based on the stage of your application. Message and data rates may apply. Reply STOP to opt out at any time. Reply HELP for support, or contact us at ryan@mainstreetlending.net. Mobile opt-in data and consent are not shared with any third parties or affiliates for marketing or promotional purposes. See the SMS messaging program section of our terms and the Mobile opt-in data and SMS consent section of our privacy policy for full details.

No financial, legal, or tax advice

Nothing on this website is intended as financial advice, legal advice, tax advice, or accounting advice. Commercial financing decisions can have significant short and long term effects on your business. You should consult your own qualified advisors before entering into any financing arrangement.

Information accuracy

We make a good faith effort to keep information on this website current and accurate, but products, terms, eligibility criteria, and provider availability can change at any time without notice. Information on the website is provided for general purposes and may not reflect specific offers available to your business.

Trademarks

The Main Street Lending name and logo are trademarks of Main Street Lending LLC. Other names, marks, and logos shown on this website are the property of their respective owners and are used for identification purposes only. Use does not imply endorsement.

Contact

Questions about these disclosures can be sent to ryan@mainstreetlending.net or to Main Street Lending LLC, 10 Bank Street, Suite 560, White Plains, NY 10606.