Lendio Reviews, Loan Options, and FAQs

Learn more about Lendio with customer reviews, key information, loan options and frequently asked questions.

Updated on March 31st, 2020

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Lendio is a small business loan provider. With Lendio, businesses can get the fast business loans that they need to purchase new equipment, buy new property or hire new employees.

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Kabbage

Fast, easy small business loans. Apply in 10 minutes and access your funds today.

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Up to $250k credit line.

Qualify in 10 minutes.

Pick 6, 12, or 18 month terms.

Loan Options:

Loan Type

Amount

Business Line of Credit

$1,000.00 - $500,000.00

SBA Loan

$50,000.00 - $5,000,000.00

Short Term Loan

$2,500.00 - $500,000.00

Merchant Cash Advance

$5,000.00 - $200,000.00

Business Term Loan

$5,000.00 - $2,000,000.00

Business Credit Card

$1,000.00 - $500,000.00

Equipment Financing

$5,000.00 - $5,000,000.00

Commercial Mortgage

$250,000.00 - $5,000,000.00

Accounts Receivable Financing

Up to 80% of receivables.

Startup Loan

$500.00 - $750,000.00

Business Acquisition Loan

$5,000.00 - $5,000,000.00

Lendio Reviews
Review:

Pros: 15-minute application process. Access to over 75 lenders.

Cons: High fees and interest rates.

Bottomline: Lendio helps small businesses to speed up the funding process by acting as an intermediary during the application process.

Key Information:

Founder

Brock Blake, Trent Miskin

Founded

2011

Headquarters

Lehi, UT

Number of Employees

51–200

CEO

Brock Blake

Address

4100 Chapel Ridge Road, Suite 500, Lehi, UT 84043

Phone Number

1 (855) 853-6346

Website

www.lendio.com

FAQs:

Can I own a Lendio franchise?

Yes. As a Lendio franchisee, you can be part of a company that is helping to simplify small business lending. You can get more information about starting a franchise by visiting Lendio's website.

How much does a Lendio franchise cost?

You will need between $55.000 and $65.000 in liquid capital to buy a Lendio franchise.

Fundera Vs Lendio

What is the difference between Fundera and Lendio?

Fundera and Lendio both offer the same types of loans (SBA Loans, short-term loans, cash advance loans, etc.), but Lendio has higher loan limits and lower interest rates on most of their products.