What it is
Lendio is a marketplace that matches US small businesses with loans, lines of credit, equipment finance and SBA loans from a network of lenders through one application.
Who it suits
US small businesses that want to compare several lenders without multiple applications.
How it charges
Free for borrowers; lenders pay Lendio a fee when a loan funds. Each lender's own rates and fees apply and are shown before you accept.
Getting started
Complete one application online, then compare offers from matched lenders with a funding manager's help. Choose an offer and finish the lender's paperwork.
At a glance
- Product
- Marketplace
- Decision speed
- Varies by lender
- Security
- Varies
- Repayment
- Varies
- Headquarters
- Lehi, Utah
- Founded
- 2011
Strengths
- One application, many lenders
- Covers SBA and equipment finance
- Free to use
Watch for
- Marketplace, not the lender
- Offer quality depends on profile
Readers ask2 questions answered
Is Lendio a lender?
No. It is a marketplace that matches you with lenders in its network from one application.
Does using Lendio cost anything?
It is free to borrowers; Lendio is paid by lenders when a loan funds.
How it comparesIts standing in 1 comparison
Best for comparing many lenders with one application
- Product
- Marketplace 1 provider in this comparison
- Decision speed
- Varies by lender 1 provider in this comparison
- Security
- Varies 1 provider in this comparison
- Repayment
- Varies 1 provider in this comparison
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