Lendio
Loan marketplace, not a direct lender: one free application to 100+ lenders for $1,000 to $5,000,000. Partner rates 6% to 60%, 600+ credit (some 500s), funds in as little as 24 hours.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Businesses with 6+ months of history, $8,000 a month in revenue and a 600+ credit score that want one application to reach many lenders.
Not for: Owners who want the lender and price before sharing their details, or who dislike sales calls.
Lender List verdict: Lendio is a loan marketplace, not a direct lender: one free soft-pull application can reach 100+ partners across 11 financing types. What you pay depends on the partner you accept, from about 6% on a strong term loan to 60% on a line of credit, plus that lender's fees.
Lendio at a glance
Lendio is a free loan marketplace matching small businesses with 100+ lenders offering $1,000 to $5,000,000.
| Lendio | |
|---|---|
| Lender type | Loan marketplace, not a direct lender |
| Founded | 2011 |
| HQ | Lehi, UT |
| Parent/owner | Lendio, Inc. (privately held, venture-backed) |
| Products | Term, SBA, equipment, line of credit, cash advance and more |
| Amounts | $1,000 to $5,000,000, depending on product |
| Cost (headline) | Partner rates 6% to 60%; no fee from Lendio |
| Term | 6 months to 25 years, depending on product |
| Funding speed | As little as 24 hours after accepting; SBA 1 to 3 months |
| Status | Active (2026-10-26); marketplace |
What is Lendio?
Lendio is a Lehi, Utah, marketplace founded in 2011 that passes one business-loan application to a network of 100+ lenders and funders; it does not lend its own money or make credit decisions.
Lendio says it has helped fund more than 520,000 small businesses and over $17 billion, totals that include Paycheck Protection Program (PPP) loans.
How Lendio business loans work
Lendio business loans come from partner lenders: you apply once, Lendio shares it with lenders that fit, and you choose among their offers.
- Application: One online form.
- Matching: A Lendio funding manager is assigned to your file; Merchant Maverick says Lendio's service agreement targets matches within 72 hours.
- Funding speed: As little as 24 hours after accepting for most products; SBA loans take 1 to 3 months.
Lendio rates and fees: what it really costs
Lendio charges borrowers nothing; partner products shown on its site start at 6% for term loans and run from 8% to 60% for lines of credit.
| Product (via partners) | Amount | Starting rate | Speed |
|---|---|---|---|
| Term loan | $5,000 to $2,000,000 | from 6% | 24 hours |
| Line of credit | $1,000 to $500,000 | 8% to 60% | 1 to 2 days |
| Short-term loan | $2,500 to $500,000 | from 8% | 24 hours |
| Equipment financing | $5,000 to $5,000,000 | from 7.5% | 24 hours |
| Cash advance | $5,000 to $1,000,000 | from 18% | 24 hours |
| SBA loan | Up to $5,000,000 | Prime + spread | 1 to 3 months |
- Fees: nothing from Lendio; partners charge interest, origination fees (Business.org: about 5% on term loans, 0.5% to 5% short-term) and any prepayment or late fees
Worked example: borrow $25,000 on a 24-month term loan with a 5% origination fee taken out at funding, so you receive $23,750. At 6%, you pay $1,108.02 a month, $26,592.37 in all; with the $1,250 fee, the loan costs $2,842.37, about 11.1% APR. At 36%, the top of the term-loan range Business.org reports, payments rise to $1,476.19 and the total cost to $11,678.45, roughly 41.8% APR.
Lendio requirements
Lendio's own site asks for a 600+ credit score, 6+ months in business and $8,000+ in monthly revenue, though some partners go lower.
| Requirement | Lendio minimum |
|---|---|
| Personal credit score | 600+; some options in the 500s (Business.org and Finder: 520) |
| Time in business | 6 months; some partners accept 3 months |
| Annual revenue | $8,000 a month ($96,000 a year) |
| Bank account / integrations | Business bank account |
| Credit check | Soft to apply; hard possible when you accept |
| Collateral / guarantee | Set by the partner; some products need collateral or a personal guarantee |
The partner lender decides, mainly on revenue, credit, time in business and industry.
Pros and cons
Lendio's strength is breadth with a free soft-pull application; its weakness is that price comes only after you apply.
Pros
- No fee to borrowers for matching
- Covers 11 financing types, from $1,000 lines to $5,000,000 SBA loans
- Some partners accept 500s scores and 3-month-old businesses
- Trustpilot 4.5/5 from 21,924 reviews; BBB A+
Cons
- Lendio shows some partner logos but no full lender list, and you can't choose which lenders see your file
- Rates reach 60% on lines of credit and start at 18% on cash advances
- Reviewers report frequent sales calls and hard pulls borrowers didn't expect
- Lender referral pay can influence which offers appear first
Lendio vs. Bluevine vs. Fundbox
Lendio reaches up to $5,000,000 through partners, versus $250,000 at Bluevine and about $150,000 at Fundbox, both direct lenders.
| Lendio | Bluevine | Fundbox | |
|---|---|---|---|
| Max amount | $5,000,000 (via partners) | $250,000 line of credit | Up to $150,000 (third-party) |
| Pricing | Partner rates 6% to 60%; no Lendio fee | Rates as low as 7.8% | 4.66% per 12-week draw; 8.99% per 24-week draw (third-party) |
| Min FICO | 600+ (some 500s) | 625 | 600 (third-party) |
| Min time in business | 6 months (some 3) | 12 months | 3 months (third-party) |
| Min annual revenue | $96,000 ($8,000/month) | $120,000 ($10,000/month) | $100,000 (third-party) |
| Repayment | Set by the partner | Weekly or monthly debits | Weekly |
| Early payoff | Set by the partner | Not addressed | Remaining fees waived |
Bluevine figures are from its own site; Fundbox figures marked third-party are from Bankrate; both checked 2026-10-26.
Choose Lendio to compare many lenders. Choose Bluevine for a direct line at 625+. Choose Fundbox for weekly draws under a year in business.
Lendio alternatives on Lender List
The closest Lendio alternatives are direct lenders Bluevine and Fundbox, plus SBA platform iBusiness Funding.
- Bluevine — direct line of credit up to $250,000
- Fundbox — short draws for young businesses
- iBusiness Funding — SBA 7(a) loans up to $5,000,000
- Lendistry — SBA and term loans from a direct lender
- QuickBooks Capital — term loans for QuickBooks users
- Browse all online term loans on Lender List
Frequently asked questions about Lendio
Lendio is a legitimate, licensed loan marketplace, not a lender, with 520,000+ businesses funded since 2011.
Is Lendio Legit? Yes. Lendio has operated since 2011, holds NMLS ID 1998423 and a California Financing Law license through Lendio Partners, LLC, and is BBB-accredited with an A+ rating. Trustpilot shows 4.5/5 from 21,924 reviews. In May 2020 the FTC and SBA warned it over potentially misleading PPP marketing.
Does Lendio Offer SBA Loans? Yes, through partner lenders. Lendio itself is not an SBA lender, but its network includes SBA 7(a) lenders such as BayFirst and Ready Capital, with loans up to $5,000,000 priced at Prime plus a spread. Expect 1 to 3 months from application to funds.
Is Lendio a Good Company? For comparison shopping, mostly yes. Merchant Maverick rates it 4.8/5 and Business.org 4.0/5, citing broad product choice and no borrower fee. Common complaints are repeated sales calls, slow follow-through on some files, and hard credit inquiries borrowers weren't expecting after a soft-pull start.
What Credit Score Do You Need for Lendio? Lendio asks for 600+, though some partners accept scores in the 500s; Business.org and Finder cite 520 for the most accessible products. By Lendio's own 2026 data, about 45% of its network is open to a 600 score and 79% at 700, for businesses with 2+ years in business.
Is Lendio a Direct Lender? No. Lendio is a loan marketplace: it does not make loans or credit decisions. Partner lenders set the rate, term and approval, and Lendio may be paid by the lender when you are funded through it, which can affect offer placement.
Does Lendio Do a Hard Inquiry? Not to apply. Starting a Lendio application uses a soft pull that does not affect your personal credit. Once you accept a specific offer, that partner lender may run a hard inquiry, depending on the product and the lender's own rules.
Who Owns Lendio? Lendio, Inc., founded in 2011 by Brock Blake and based in Lehi, Utah, today is privately held and venture-backed, with no parent company on record. It has raised about $109.5 million from investors including Mastercard Start Path and Runa Capital.
Does Lendio Charge Fees? No. Lendio charges borrowers no application or matching fee and is paid by its partner lenders. The lender you choose may charge origination fees (about 5% on term loans, per Business.org) plus interest and any prepayment or late fees in its contract.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Businesses with 6+ months of history, $8,000 a month in revenue and a 600+ credit score that want one application to reach many lenders.
Not for: Owners who want the lender and price before sharing their details, or who dislike sales calls.
Lender List verdict: Lendio is a loan marketplace, not a direct lender: one free soft-pull application can reach 100+ partners across 11 financing types. What you pay depends on the partner you accept, from about 6% on a strong term loan to 60% on a line of credit, plus that lender's fees.
Lendio at a glance
Lendio is a free loan marketplace matching small businesses with 100+ lenders offering $1,000 to $5,000,000.
| Lendio | |
|---|---|
| Lender type | Loan marketplace, not a direct lender |
| Founded | 2011 |
| HQ | Lehi, UT |
| Parent/owner | Lendio, Inc. (privately held, venture-backed) |
| Products | Term, SBA, equipment, line of credit, cash advance and more |
| Amounts | $1,000 to $5,000,000, depending on product |
| Cost (headline) | Partner rates 6% to 60%; no fee from Lendio |
| Term | 6 months to 25 years, depending on product |
| Funding speed | As little as 24 hours after accepting; SBA 1 to 3 months |
| Status | Active (2026-10-26); marketplace |
What is Lendio?
Lendio is a Lehi, Utah, marketplace founded in 2011 that passes one business-loan application to a network of 100+ lenders and funders; it does not lend its own money or make credit decisions.
Lendio says it has helped fund more than 520,000 small businesses and over $17 billion, totals that include Paycheck Protection Program (PPP) loans.
How Lendio business loans work
Lendio business loans come from partner lenders: you apply once, Lendio shares it with lenders that fit, and you choose among their offers.
- Application: One online form.
- Matching: A Lendio funding manager is assigned to your file; Merchant Maverick says Lendio's service agreement targets matches within 72 hours.
- Funding speed: As little as 24 hours after accepting for most products; SBA loans take 1 to 3 months.
Lendio rates and fees: what it really costs
Lendio charges borrowers nothing; partner products shown on its site start at 6% for term loans and run from 8% to 60% for lines of credit.
| Product (via partners) | Amount | Starting rate | Speed |
|---|---|---|---|
| Term loan | $5,000 to $2,000,000 | from 6% | 24 hours |
| Line of credit | $1,000 to $500,000 | 8% to 60% | 1 to 2 days |
| Short-term loan | $2,500 to $500,000 | from 8% | 24 hours |
| Equipment financing | $5,000 to $5,000,000 | from 7.5% | 24 hours |
| Cash advance | $5,000 to $1,000,000 | from 18% | 24 hours |
| SBA loan | Up to $5,000,000 | Prime + spread | 1 to 3 months |
- Fees: nothing from Lendio; partners charge interest, origination fees (Business.org: about 5% on term loans, 0.5% to 5% short-term) and any prepayment or late fees
Worked example: borrow $25,000 on a 24-month term loan with a 5% origination fee taken out at funding, so you receive $23,750. At 6%, you pay $1,108.02 a month, $26,592.37 in all; with the $1,250 fee, the loan costs $2,842.37, about 11.1% APR. At 36%, the top of the term-loan range Business.org reports, payments rise to $1,476.19 and the total cost to $11,678.45, roughly 41.8% APR.
Lendio requirements
Lendio's own site asks for a 600+ credit score, 6+ months in business and $8,000+ in monthly revenue, though some partners go lower.
| Requirement | Lendio minimum |
|---|---|
| Personal credit score | 600+; some options in the 500s (Business.org and Finder: 520) |
| Time in business | 6 months; some partners accept 3 months |
| Annual revenue | $8,000 a month ($96,000 a year) |
| Bank account / integrations | Business bank account |
| Credit check | Soft to apply; hard possible when you accept |
| Collateral / guarantee | Set by the partner; some products need collateral or a personal guarantee |
The partner lender decides, mainly on revenue, credit, time in business and industry.
Pros and cons
Lendio's strength is breadth with a free soft-pull application; its weakness is that price comes only after you apply.
Pros
- No fee to borrowers for matching
- Covers 11 financing types, from $1,000 lines to $5,000,000 SBA loans
- Some partners accept 500s scores and 3-month-old businesses
- Trustpilot 4.5/5 from 21,924 reviews; BBB A+
Cons
- Lendio shows some partner logos but no full lender list, and you can't choose which lenders see your file
- Rates reach 60% on lines of credit and start at 18% on cash advances
- Reviewers report frequent sales calls and hard pulls borrowers didn't expect
- Lender referral pay can influence which offers appear first
Lendio vs. Bluevine vs. Fundbox
Lendio reaches up to $5,000,000 through partners, versus $250,000 at Bluevine and about $150,000 at Fundbox, both direct lenders.
| Lendio | Bluevine | Fundbox | |
|---|---|---|---|
| Max amount | $5,000,000 (via partners) | $250,000 line of credit | Up to $150,000 (third-party) |
| Pricing | Partner rates 6% to 60%; no Lendio fee | Rates as low as 7.8% | 4.66% per 12-week draw; 8.99% per 24-week draw (third-party) |
| Min FICO | 600+ (some 500s) | 625 | 600 (third-party) |
| Min time in business | 6 months (some 3) | 12 months | 3 months (third-party) |
| Min annual revenue | $96,000 ($8,000/month) | $120,000 ($10,000/month) | $100,000 (third-party) |
| Repayment | Set by the partner | Weekly or monthly debits | Weekly |
| Early payoff | Set by the partner | Not addressed | Remaining fees waived |
Bluevine figures are from its own site; Fundbox figures marked third-party are from Bankrate; both checked 2026-10-26.
Choose Lendio to compare many lenders. Choose Bluevine for a direct line at 625+. Choose Fundbox for weekly draws under a year in business.
Lendio alternatives on Lender List
The closest Lendio alternatives are direct lenders Bluevine and Fundbox, plus SBA platform iBusiness Funding.
- Bluevine — direct line of credit up to $250,000
- Fundbox — short draws for young businesses
- iBusiness Funding — SBA 7(a) loans up to $5,000,000
- Lendistry — SBA and term loans from a direct lender
- QuickBooks Capital — term loans for QuickBooks users
- Browse all online term loans on Lender List
Frequently asked questions about Lendio
Lendio is a legitimate, licensed loan marketplace, not a lender, with 520,000+ businesses funded since 2011.
Is Lendio Legit? Yes. Lendio has operated since 2011, holds NMLS ID 1998423 and a California Financing Law license through Lendio Partners, LLC, and is BBB-accredited with an A+ rating. Trustpilot shows 4.5/5 from 21,924 reviews. In May 2020 the FTC and SBA warned it over potentially misleading PPP marketing.
Does Lendio Offer SBA Loans? Yes, through partner lenders. Lendio itself is not an SBA lender, but its network includes SBA 7(a) lenders such as BayFirst and Ready Capital, with loans up to $5,000,000 priced at Prime plus a spread. Expect 1 to 3 months from application to funds.
Is Lendio a Good Company? For comparison shopping, mostly yes. Merchant Maverick rates it 4.8/5 and Business.org 4.0/5, citing broad product choice and no borrower fee. Common complaints are repeated sales calls, slow follow-through on some files, and hard credit inquiries borrowers weren't expecting after a soft-pull start.
What Credit Score Do You Need for Lendio? Lendio asks for 600+, though some partners accept scores in the 500s; Business.org and Finder cite 520 for the most accessible products. By Lendio's own 2026 data, about 45% of its network is open to a 600 score and 79% at 700, for businesses with 2+ years in business.
Is Lendio a Direct Lender? No. Lendio is a loan marketplace: it does not make loans or credit decisions. Partner lenders set the rate, term and approval, and Lendio may be paid by the lender when you are funded through it, which can affect offer placement.
Does Lendio Do a Hard Inquiry? Not to apply. Starting a Lendio application uses a soft pull that does not affect your personal credit. Once you accept a specific offer, that partner lender may run a hard inquiry, depending on the product and the lender's own rules.
Who Owns Lendio? Lendio, Inc., founded in 2011 by Brock Blake and based in Lehi, Utah, today is privately held and venture-backed, with no parent company on record. It has raised about $109.5 million from investors including Mastercard Start Path and Runa Capital.
Does Lendio Charge Fees? No. Lendio charges borrowers no application or matching fee and is paid by its partner lenders. The lender you choose may charge origination fees (about 5% on term loans, per Business.org) plus interest and any prepayment or late fees in its contract.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Related listings
Saratoga Springs, NY private credit advisory arranging $50K–$20M working capital: lines of credit, term loans, ABL, equi...
SBA Preferred Lender bank: SBA 7(a) up to $5M plus SBA 504, 8.0% median fixed rate (last 12 months), collateral required...
SBA Preferred Lender in ME and NH: SBA 7(a) and Express up to $1.75M, 7.75% median rate (last 12 months), collateral req...
Louisville SBA Preferred Lender: 7(a) and 504 loans up to $5M, Express to $500K, 7.75% median starting rate, startups OK...
SBA Preferred Lender for MN, WI and ND owners: 7(a), 504, Express and CAPLine to $5M, median 9.25% variable, ~10-yr term...
SBA Preferred Lender in Wichita, KS: SBA 7(a) and Express loans $10,000 to $5M for KS, NE and MO businesses, 7.38% media...