Lendtable gives employees the cash to max out their full 401(k) match and employee stock purchase plan (ESPP). Sign up in 3 minutes to start earning thousands of dollars a year from your employee benefits.
This is one of those ideas that just makes sense, and it's awesome to see innovation to help people save more money and take advantage of employer 401k matching!
@nbashaw Woah. I was sketched out at first glance but this is pretty smart if I'm reading it right: "as low as a 6% share" *of the employer match* in exchange for the capital up front is a really aligned business model.
I'm a user of the product! The Lendtable team made the process easy, seamless, and safe. I was personally scared about the idea of taking out a loan (debt has always been scary to me), but Lendtable's product made it very easy to manage the money transfers and ensure that I was in the best place possible! Would recommend it to anyone who isn't currently taking advantage of their whole 401k!
http://lendtable.com co-founders, Mitchell and Sheridan here.
We started Lendtable because we've seen all too often how difficult it can be to save money for retirement. Growing up in low-income black households, we witnessed first-hand how our parents had to give up thousands in free money from their employer every year so they could pay bills.
Lendtable's mission is to unlock value, by giving everyone access to their full 401(k) match and employee stock purchase plan (ESPP). We get you the free cash you deserve!
Here are just a few types of customers we serve today:
1. Those who have never contributed to their 401(k)
2. Those who have to decide between contributing to their 401(k) or paying off debt
3. Those who can afford to contribute but don't want to have their money locked up.
If we can help you, or someone you know, get started at http://lendtable.com.
We'd love to hear from you! Hit us up with any feedback and/or questions. We care deeply about our user experience and are always looking for ways to improve.
At first glance, Lendtable seems kind of sketchy and I was definitely hesitant at first. However, I was able to take a cash advance on both my 401k and my ESPP from Microsoft which gave me about $20,000 in extra cash that I had for some time. I was able to take that money and return a higher percentage than the cash advance fee!
Lendtable is the best solution if you can't afford to max out your ESPP and 401k, but it is also great to have more liquidity during the year. Proud to be a Lendtable customer :)
Love this. This is so crucial for the future of wealth democratization, with the potential to pull so many out of poverty. There's no reason employees shouldn't have access to free money simply due to financial situation.
Lex