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Licenses

Climb Lending Licenses

Locale (State) License Number License Type
AK
2201021
Small Loan Company License
AL
MC 22598
Alabama Consumer Credit Act – Mini Code License
AR
N/A
Climb’s current rates and loan amounts do not require a license per state law
AZ
CL – 0939233
Consumer Lender
CA
60DBO-44527, 60DBO-86584
CA Finance Lender (Main)
CO
PEL-8000004, SUP-4000834
Private education lender registration, Supervised Lender License
CT
SLC-1240013, PELR-1240013
Connecticut Small Loan Company License, Private Education Lender Registration
DC
ML1240013
Money Lender License
DE
24370
Licensed Lender License
FL
N/A
Climb’s current rates and loan amounts do not require a license per state law
GA
1240013
Installment Lender License
HI
N/A
Climb’s current rates and loan amounts do not require a license per state law
IA
NRR-2017-0089, NRR-2017-0039
Master Loan Company Registration
ID
RRL-9177, RRL-9701
Regulated Lender License
IL
CI0004155
Consumer Installment Loan
IN
32689
Money Transmitter License
KS
NOT.0026398, SL.0026894
Notification
KY
CL398124
Consumer Loan License
LA
1240013 – 1160993
Licensed Lender Main Office
MA
N/A
Climb’s current rates and loan amounts do not require a license per state law
MD
03-2267, 03-2327, 02-1657
Installment Loan, Consumer Loan License
MI
RL 0019910
Regulatory Loan License – Effective date 2/11/2016 | Office of Consumer Finance – Michigan Department of Insurance and Financial Services | 530 W. Allegan St. 7th Floor, Lansing MI 48933 | Toll-Free: 877-999-6442
MN
MN-RL-1240013, MN-RLBR-1613981, 1240013
Minnesota Regulated Loan Company License, MN Student Loan Lender Registration
MO
510-26-8130, 367-26-9021
Certificate of Registration, Consumer Installment Lender Company
MS
NMLS Branch ID 2517677
Mississippi Small Loan Branch License
MT
1240013
Montana Consumer Loan License
NC
N/A
Climb’s current rates and loan amounts do not require a license per state law
ND
MB103192, NDBR1613981
North Dakota Money Broker License
NE
N/A
Climb’s current rates and loan amounts do not require a license per state law
NH
N/A
Climb’s current rates and loan amounts do not require a license per state law
NJ
N/A
Climb’s current rates and loan amounts do not require a license per state law
NM
02357
Small Loan
NV
IL11053, IL11052
Installment Loan
NY
N/A
Climb’s current rates and loan amounts do not require a license per state law
OH
SL.400251.000, CI.550013.000, CI.550013.01-BR
Small Loan, Consumer Installment Loan Act License
OH
GL.502164.000
General Loan Law
OK
SL008471, SL008472
Supervised Lender License
OR
0467-001-C, 0467-002-C
Consumer Finance License
PA
63686, 63686.001
Consumer Discount Company License
RI
20214239LL, 20214240SL
Lender License, Small Loan Lender
SC
S-8610, S-8611, CGL-164194, CLL-164196, CGL-175219, CLL-164196
Supervised Lenders License, Consumer Grantor Certificate, Max Rate Schedule (Consumer Loan), Consumer Grantor Certificate — www.climbcredit.com, Max Rate Schedule (Consumer Loan) — www.climbcredit.com
SD
MYL.3270, MYL.3300-br
South Dakota Money Lender License
TN
3854
Industrial Loan and Thrift
TX
154682
Regulator Lending License
UT
N/A
Consumer Credit Notification
VA
N/A
Climb’s current rates and loan amounts do not require a license per state law
VT
7172
Vermont Lender License
WA
CL-1240013, CL-1613981
Consumer Loan Company License
WI
3314
Wisconsin Loan Company License
WV
2307-6703
Business Registration Certificate
WY
CL-4746
Consumer Lender License

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.