How does Lendtable work? Lendtable Team July 12, 2023 00:04 Updated Lendtable helps employees take advantage of their 401(k) Employer Match and Employee Stock Purchase Plan (ESPP) without the need to reduce their income. Lendtable does this by providing a line of credit in the form of reimbursements. Reimbursements for payroll contributions are deposited to your bank account on the business day proceeding the 1st and 15th of every month. Lendtable verifies and calculates payroll contributions by reviewing customer-provided paystubs each month. Lendtable works with two types of employee benefits. To learn more, get started by clicking on the links below. 401(k) Line of Credit ESPP Line of Credit Related articles Rules when using Lendtable How much does it cost to use the 401(k) Line of Credit? How much does Lendtable cost? Tax considerations Example Scenario: Repaying after one year using a 401(k) withdrawal. Left employer. Comments 0 comments Please sign in to leave a comment.
