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Lendio

Small Business Loans Made Easy
Submit a 15-minutes single online application and get matched to a network of lenders for free and with no obligation.

Overview

Lendio is a small business online marketplace with the vision of revolutionizing small business lending. With banks rejecting about 80% of small business loan applicants, Lendio was born to help small business owners get the funding they need.

Lendio’s Story

They believe that a prosperous America starts with small businesses. Therefore, access to capital should be simpler and quicker for small business owners.

Since their foundation, they have facilitated more than 216,000 loans to the value of over $10,000,000,000 to help small businesses hire staff, buy equipment, or maybe help them stay open. As their next milestone, they want to reach one billion dollars in small business loans to contribute to the American economy. They believe this $1,000,000,000 in small business funding will create more than 25,000 jobs, having an economic impact of $1,207,000,000 per year. 

As part of their commitment to giving back, Lendio donates a percentage of the funds from every loan facilitate in the platform to low-income entrepreneurs through their program “Lendio Gives.” 

Business Financing Options with Lendio

As part of its wide network of lenders, Lendio offers different options to make sure you can find the right one for your business:

  1. Business Line of Credit: It is one of the most flexible ways for financing, as you can use the capital for different things, from hiring staff to upgrading the office.
  2. SBA Loan: A government-backed loan that may offer better rates and terms than a bank one.
  3. Short Term Loan: A loan to cover unexpected costs, keep the doors open during a short hard time, or finance a short term project.
  4. Merchant Cash Advance: It allows you to borrow money based on your business’s future revenue.
  5. Business Term Loan: A traditional small business loan that you can pay back in instalments to easily predict your repayments.
  6. Equipment Financing: To cover the tools or resources needed for nearly any industry.
  7. Commercial Mortgage: Designed to help your business building-related financial costs.
  8. Accounts Receivable Financing: Get fast access to cash by selling your purchase orders or receivables.
  9. Start-up Loan: Designed to help you get started with the business.
  10. Business Acquisition Loan: Designed to help you buy a business.

With so many options and their network of lenders, Lendio makes it easy to get your small business funded, whatever your needs may be.

How It Works

As part of their commitment to making loans more accessible and straightforward to small businesses, Lendio makes it easy to get funded. Small business owners can visit Lendio’s website and follow 3 simple steps:

  1. Apply: Their application process takes 15 minutes, and it is all completed online, even if they need to request extra documentation. Also, there is no fees nor obligation for applying.
  2. Compare Options: With over 75 lenders in their marketplace and their guidelines and help, they make it more accessible for you to find the right small business loan. Using a single application, you can access Lendio’s nationwide network of lenders.
  3. Get Funded: After your loan has been approved, you will have access to the capital in as little as 24 hours.

If you have any questions, you can to an expert or visit a location to help you get funds for your small business loans.

Get started with your loan matching service for free and with no obligation.

About Lendio (7)

  • What is Lendio?

    Lendio is a company that facilitates loans between businesses and lenders. They partner with more than 75 lenders to offer more options for businesses looking for funding. By filling out an online application, you get matched with the extensive banks and lenders network of Lendio, making it easier for your business to find the terms and funding you need. They can also help small businesses with bad credit find financing.

  • What are the requirements for Lendio loans?

    The requirements for a Lendio loan vary by the lender and type of loan. It’s a good idea to have a credit score of 680 or higher. You also need to show that your business is sound. Depending on the loan product, you may need a minimum of six months in business and as much as two years. In some cases, you may need to provide some form of collateral to secure the loan, such as your account receivables or other tangible real property.

  • How to get funding for a business with Lendio?

    To get funding for a business with Lendio, you need to start by filling out an online application. It’s beneficial to review exactly how much money you need and how much you can comfortably repay. You don’t want to find yourself in a position where you struggle to repay the funds. After the review, you need to choose the option that best suits your needs.

  • How to get a loan to start a small business?

    Startup funding for a small business relies more heavily on your personal credit. It’s a good idea to have a credit score of at least 680. However, there are some loan products for people and companies with bad credit. You also need to be able to show that the company has been running for at least six months. If you have experience with other startup companies, it’s a good idea to highlight that information.

  • How to get SBA loans from Lendio easily?

    The Small Business Administration (SBA) works to help small businesses help by guaranteeing loans. Lendio works with the SBA to provide funds. You need to fill out the online application and provide all the necessary documentation. You don’t need a high credit score or extensive time in business to secure an SBA loan, but it does take longer to process than other Lendio loan products because of the extensive paperwork involved.

  • How hard is it to get a small business loan?

    It’s easy to get a small business loan if you find the right lender. This means you need to know where to look. Lendio offers various loan products, and some are easy to obtain even if the business has a lower than average credit score. However, you may need to offer collateral or make the payments through your daily credit card sales.

  • Lendio customer reviews

    Before you apply for a small business loan, you want to know it’s a company you can trust and that comes from previous clients. Lendio has many positive customer reviews reporting the excellent service they got from the lending experts. Lendio has a 4.8 out of 5-star rating in Trustpilot and nearly 10,000 verified customer testimonials. As an example of a customer review, Paige Oliverio, Owner of Urban Patchwork, said: “With my line of work, which is fairly seasonal, there are invoices and contracts that won’t be paid for months. Lendio worked with me quickly and allowed us to get funds for everything…”

Reviews 99

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Products and Services

Why Us

Easy Online Application

Apply in 15 minutes and provide all the documentation easily online. Submit one single application to all the lenders.

Access a Network of Lenders

Access business loan options from 75+ lenders and get your funds in as little as 24 hours after approval.

Free Expert Advice

They have facilitated over 216,000 small business loans to the value of over $10,000,000,000 by helping them to choose the right loan.

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Lendio

SPOTLIGHT

Find The Perfect Business Loan

Lendio
Compare your options for a business loan, choose your plan, and get funded using the Lendio business loan 15-minutes application with no cost for you to apply.

Business Loan Marketplace

Lendio is a business loan online marketing place to help you getting business financing. Submit an online 15 minutes application to access their network of over 75 lenders and get funded in as little as 24 hours after approval.

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    This page’s information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. Financial institutions are not responsible for the content posted on Banks.com; visit the financial institutions’ website or contact it directly if you have any questions.

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