When will I receive deposits from the ESPP Line of Credit?

First, you need to sign your Lendtable offer and complete the onboarding process. Lendtable will verify that your contributions are set to the required percentage to maximize your Employee Stock Purchase Plan (ESPP). However, please note that most employees can only change their ESPP contributions during the designated "Enrollment Period". Once you have enrolled, take a screenshot of the confirmation and upload it to your dashboard for verification.

After, you will need to wait for your first deposit from the Lendtable ESPP Line of Credit until your paycheck deductions take effect during the ESPP Offering Period.

For example, if you sign up with Lendtable in February but the next Offering Period begins in July, your contributions will not be deducted from your paycheck until the Offering Period starts. Consequently, your Lendtable deposits will also begin in July, despite signing up in February.

If you are already contributing the required amount to your ESPP as per Lendtable's guidelines, you will receive the first deposit on either the 1st or the 15th of the month. All Lendtable deposits are sent on the business day preceding the 1st and 15th of each month. Please ensure that you have verified your enrollment and contributions before expecting deposits from your Lendtable ESPP Line of Credit.

Click here to learn more about when to expect your first deposit from your your 401(k) Line of Credit.