Anyone whose employer offers a 401(k) employer match contributions, other company-sponsored retirement account match, or an Employee Stock Purchase Plans (ESPP) can apply for a cash advance from Lendtable.

We do not have restrictions on age, income, or employer. However, it is important to note that Lendtable is not a personal lender. Lendtable provides a cash advance for the sole purpose of replacing the money automatically deducted from a paycheck to go toward your company benefit. If you do not have a valid ESPP or match policy, you are not eligible for a Lendtable account.

To verify you have a valid policy, the Lendtable sign-up process will ask you to upload two vital documents: A paystub, and a benefits policy. For these two steps in the sign-up process, consider this your application checklist.

Your most recent paystub

After you enter your personal information, you will be asked to upload a paystub. There are two options: Upload from your computer, or enter your payroll provider login so we can retrieve a paystub directly from your employer. In most cases, uploading a paystub from your computer is recommended.

A valid paystub must include:

  1. Your legal name

  2. Employer name

  3. Your year-to-date (YTD) income

    Tip: Your YTD income listed in your paystub must match the income you reported during the sign-up process.

  4. Paystub issue date

    Tip: Your uploaded paystub must have been issues within 30 days of applying for Lendtable.

If your uploaded paystub is missing any of these items, your application may be rejected.

Your 401(k) policy

If you indicated that you plan to use Lendtable's 401(k)+ service, you will be asked to upload your full 401(k) policy.

A valid 401(k) policy must include:

  1. Employer match percentage (%)

  2. Matching percentage (%) cap or matching limit in dollar ($) amount

  3. Vesting schedule

    Tip: If you have not been employed for long enough for your 401(k) to vest, you are currently ineligible to use Lendtable. Our team will reach out when you get closer to eligibility. If you're unsure about your vesting period, we recommend applying anyway or scheduling a call with a customer success manager to get more details.

  4. Withdrawal penalties, including details on in-service withdrawals and rollovers

    Tip: Withdrawal penalty details are not mandatory to include in your 401(k) policy upload, but it will help our team assist you with repayment.

Your ESPP policy

If you indicated that you plan to use Lendtable to max out your ESPP benefit, you will be asked to upload your full ESPP policy.

A valid ESPP policy must include:

  1. ESPP discount percentage (%) or employer match

  2. Maximum contribution

  3. Enrollment period dates

  4. Offering period dates

  5. Purchase period dates

  6. Lockup period dates (if applicable)

    Tip: If your ESPP policy details a lockup period, that means your employer has set a period of time during which your stock purchase is susceptible to market fluctuation before you are able to sell your shares. If you apply during a lockup period, you may be ineligible to use Lendtable. If you're unsure about your lockup period, we recommend applying anyway or scheduling a call with a customer success manager to get more details.

We cannot accept the following documents instead of a 401(k) or ESPP policy:

  1. Another paystub

  2. 401(k), ESPP, or other retirement account balance

Next steps

Once your application has been approved, you must complete a few more steps before we can release your first cash advance. (If your application is rejected, you'll be notified by email.)

For more information on what's next for ESPP service, visit our related support article, How does Lendtable work with ESPPs?

For more information on what's nest for 401(k)+ service, visit our related support article, How does Lendtable work with 401(k)s?

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