Due to recent changes in the regulatory environment, LendingUSA, NFDA’s endorsed provider of at-need financing, will no longer offer its financing services to funeral homes located in  Colorado, Iowa and Maryland. LendingUSA apologizes for any inconvenience this may cause and will notify us immediately should the situation change.

About LendingUSA

For some families, a funeral can be an unexpected and significant financial burden. In 2017, NFDA exclusively endorsed LendingUSA, an at-need financing solution for families that may have difficulty paying for their loved one’s funeral.

LendingUSA lets families focus on working with you to plan a meaningful funeral or memorial service for their loved one. Depending on the applicant’s credit score, there are three tiers of financing; approximately 70% of applicants fall into tiers one and two. Families may qualify for a 0% interest rate if their loan is fully paid off within six months; there are no prepayment penalties or rate jumps.

You assume no risk or recourse when a family chooses to use LendingUSA to finance a funeral. You will receive payment via direct deposit, typically within three business days. Families work directly with LendingUSA to pay off their loan.

Best of all, for approved loans that fall into tier one or two, you pay no fee. Approved loans that fall into tier three are considered subprime; because of the risk of these applicants, LendingUSA will charge you a small fee – but only on those higher risk loans.

Learn more about LendingUSA and how you can begin offering this at-need financing option to families by visiting www.nfda.org/endorsedproviders (member login required) or by calling their member services representative at 800-228-6332.