The specific reasons why your application was declined are provided in an Adverse Action notice. You can view your Adverse Action notice in your Account Summary.
At Lending Club, you apply online and find out instantly whether you’re pre-approved and what your offer is. If you choose to take the offer, we may ask you for documentation to verify your identity, employment, or income. If you don’t send us the documentation, or if your documents don’t match the information on your application, this can mean that the application gets declined.
We understand that when that happens, it’s really frustrating. However, the trade-off is a streamlined, process where you get a decision quickly and don't waste time if you don't qualify.
If your business has multiple owners, your business may be able to obtain financing through Lending Club if one of the other owners applies as the Guarantor. The Guarantor is the individual person who is guaranteeing that the business financing will be paid off if something happens to the business.