Lending companies are financial institutions that provide loans to individuals or businesses. They offer various types of loans, including personal loans, mortgages, and business loans, often with specific terms and interest rates. These companies assess the creditworthiness of borrowers to determine their ability to repay the loan. Many lending companies operate online, making it easier for borrowers to apply and receive funds quickly. They may also provide alternative financing options, such as payday loans or peer-to-peer lending. Overall, lending companies play a crucial role in the economy by facilitating access to credit for those in need.