Lendio Reviews, Loan Options, and FAQs
Learn more about Lendio with customer reviews, key information, loan options and frequently asked questions.
Updated on June 29th, 2022
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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.
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 |
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:
Legal Name | Lendio, Inc. |
Founder | |
Founding Date | Jan 01, 2011 |
Address | 4100 Chapel Ridge Road, Suite 500, Lehi, UT 84043 |
Number of Employees | 100 |
Number of Customers | 30000 |
Telephone | |
Website |
News & Activity:
Date | News or Activity |
|---|---|
May 1, 2019 | Lendio Reveals Its Fourth Annual List of Top 10 States for Small Business Lending |
October 6, 2018 | Lendio Offers Franchise Opportunities to Serve the Small Business Financing Market |
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.
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.