Headquartered in South Jordan, Utah, fintech company Lendio has been facilitating business loan products primarily to small businesses since 2006. The award-winning company has focused its efforts on changing industry norms for providing small business loans and has been successful in creating a name for itself within the small business lending industry.

Lendio has simplified the application process for small business owners and increased the number of loan options, removing the hassle of going from bank to bank researching the different lenders. To date, the company has facilitated more than 107,000 small business loans and helped to fund more than $1.4 billion. However, business owners hoping to work with the company must have a credit score of 550 or higher.

Read on to discover The Good, The Bad, and The Bottom Line about Lendio, as well as view verified Lendio reviews from past borrowers.

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The Good

  • Easy 15-Minute Application
  • Loan Options from 75+ Lenders
  • Variety of Loan Types
  • Helpful Loan Calculator
  • No Origination Fee
  • Live Chat
  • Lendio Reviews

Easy 15-Minute Application

Many business loan providers require an overly complicated and lengthy application process for customers. Lendio only has one application and it is quick, free, and easy to fill out. Additionally, borrowers can be receive funding in as little as 24 hours. 

Loan Options from 75+ Lenders

Lendio is committed to helping each business owner identify financing options through the lender that is right for them. As a result, the company offers loan options from more than 75 alternative lenders. Several well-known banks and lending institutions are included in these options:

  • PayPal
  • Bank of America
  • American Express
  • Chase
  • Kabbage
  • Fundation
  • OnDeck
  • Authorize.Net
  • Headway Capital
  • Funding Circle
  • Lending Club
  • QuarterSpot

By having several options to choose from, borrowers can be confident that they will get a good rate for their business. 

Variety of Loan Types

Lendio strives to help company owners find loans that fit both their business and their wallet. Because of this, a variety of financing solutions are available, including business lines of credit, short-term loans, merchant cash advances, business term loans, business credit cards, equipment financing, commercial mortgages, accounts receivable financing, startup loans, business acquisition loans, and SBA loans.

Business Line of Credit

  • Loan amounts from $1,000–$500,000
  • Loan terms from 1–2 years
  • Funding time between 1–2 weeks
  • Interest rates ranging from 8–24%
  • Six months or more in business
  • $50,000 or more in annual revenue
  • Credit score of 560 or higher
  • May require collateral
  • Only pay interest rates on the funds you use, not the entire amount borrowed

Short-Term Loan

  • Loan amounts from $2,500–$500,000
  • Loan terms from 1–3 years
  • Funding time as soon as one business day
  • Interest rates starting at 8%
  • At least two years in business
  • Solid credit score required

Merchant Cash Advance

  • Loan amounts from $5,000–$200,000
  • Loan terms up to two years
  • Funding time as soon as one business day
  • Interest rates starting at 18%
  • Pay back the loan by paying a percentage of your daily credit card deposits
  • Typically doesn't require collateral or credit pulls
  • 4–6 months of bank statements or receivables

Business Term Loan

  • Loan amounts from $5,000–$2,000,000
  • Loan terms from 1–5 years
  • Funding time as soon as one business day
  • Interest rates starting at 6%
  • Fixed interest rates or a fixed flat fee
  • 15-minute application
  • Funding for just about any business opportunity
  • Credit score, time in business, and collateral required
  • P&L statements or bank statements may be needed to show revenue

Business Credit Card

  • Loan amounts from $1,000–$500,000
  • Loan terms from 1–2 years
  • Funding time between 1–2 weeks
  • Interest rates ranging from 8–24%
  • Credit score of 680 or higher
  • May require collateral
  • 15-minute application

Equipment Financing

  • Loan amounts from $5,000–$5,000,000
  • Loan terms from 1–5 years
  • Funding time as soon as one business day
  • Interest rates starting at 7.5%
  • Covers a variety of financing needs, including forklifts, point-of-sale software, office furniture, appliances, delivery vehicles, solar panels, HVAC units, etc.
  • At least one year in business
  • $50,000 in annual revenue
  • Credit score of 650 or higher
  • Credit score lower than 650 requires proof of solid cash flow and revenue for the past 3–6 months
  • Equipment you purchase can be used as required collateral
  • 15-minute application

Commercial Mortgages

  • Loan amounts from $250,000–5,000,000
  • Loan terms from 20–25 years
  • Funding time as soon as 45 days
  • Interest rates ranging from 4.25–6%
  • Use to purchase or build a business location, expand or remodel your current business location, or refinance a payment term to adjust your interest rate
  • Loan amount based on credit score and property you're using as collateral
  • May need to provide purchase contract, property blueprints, market analysis for property, project budget, scope of work, assessment of the property's existing condition

Accounts Receivable Financing

  • Loan amounts up to 80 percent of receivables
  • Loan terms up to one year
  • Funding time as soon as three days
  • Interest rates starting at five percent
  • No collateral required

Startup Loan

  • Loan amounts from $500–$750,000
  • Loan terms up to 25 years
  • Funding time between 2–4 weeks
  • Interest rates ranging between 0–1%
  • Six months in business
  • Credit score of 680 or higher
  • May require collateral
  • 15-Minute application

Business Acquisition Loan

  • Loan amounts from $5,000–$5,000,000
  • Revolving loan terms from 10–25 years
  • Funding time as soon as 30 days
  • Interest rates starting at 5.5%
  • Approval based on credit history, time in business, and revenue
  • Must provide financial performance and financial projections

Small Business Administration (SBA) Loan

  • Loan amounts from $50,000–$5,000,000
  • Loan terms from 10–25 years
  • Funding time between 30–90 days
  • Interest rates based on prime rates, which are rates that commercial banks charge customers with trustworthy credit

Lendio offers a variety of SBA loans. To qualify, you'll need two years of business and personal tax returns, a YTD profit and loss statement, a YTD balance sheet, and a debt schedule. The most common SBA loans that Lendio offers are SBA 7(a) loans, SBA 504 loans, and SBA Express loans. Lendio's website provides the following information about SBA loans and the company's specific requirements:

  • SBA 7(a) Loan — This is a loan used to purchase land, cover construction costs, expand an existing business, refinance current debt, or buy machinery, furniture, supplies, or materials. SBA 7(a) loans of $25,000 or less typically do not require collateral. However, larger loan amounts will likely need collateral to qualify. 
  • SBA 504 Loan — Once awarded an SBA 504, your lender will typically cover 50 percent of your project costs, while your SBA loan covers 40 percent. This means that you will need to provide the other 10 percent at the time of funding. Depending on your circumstances, you may need to cover up to 20 percent. This loan type is mainly used for financing fixed assets, but other costs may be eligible for coverage. Qualified projects include purchasing an existing building, buying a new facility or renovating it, purchasing land or making improvements to it, buying long-term machinery, or refinancing debt you incurred by expanding or renovating your business, facilities, or equipment.
  • SBA Express Loan — This express loan is meant for people who need funds quickly. These loans are typically reviewed within 36 hours, but it may take up to 30 days to receive funding. SBA Express loan amounts can reach up to $350,000. Loans more than $25,000 will likely require collateral. Loan terms can range from 5–25 years.

Helpful Loan Calculator

Because the company works with so many lenders, its loan calculator is both accurate and helpful for company owners. The Lendio website offers different calculators for each type of business loan borrowers might be interested in, including the following: 

  • Equipment Loan Calculator
  • Merchant Cash Advance (MCA) Affordability Calculator 
  • SBA Loan Calculator
  • Short-Term Loan Calculator
  • Startup Business Loan Calculator
  • Commercial Mortgage Payment Calculator

No Origination Fee

An origination fee is a fee that is required by some lenders for processing a loan application. The fact that Lendio is a marketplace — where potential applicants can find lenders — rather than a direct lender itself, means that the company doesn't charge any origination fees.

The choice of having an origination fee is somewhat up to the customer who chooses which lender to go with, as Lendio simply lays out lending options. Be aware that you may still pay an origination fee to the lender of your choice. 

Live Chat

Lendio provides live chat software on its website so that its customers can enjoy a convenient, simple customer service experience. Through this software, Lendio employees are available to assist borrowers and answer questions about business loans within minutes. 

Lendio Reviews

With hundreds of positive reviews, Lendio clearly provides a satisfactory customer experience. Its ratings and reviews are high, highlighting quick funding time, quality customer service, low rates, and high loan amounts. Borrowers can have peace of mind knowing Lendio is a trusted company that outshines many alternative lenders. 

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The Bad

  • Variability of Options

Variability of Options

Though having many small business lending options is by no means the worst problem to have for a lending company, it does present one complication in that it makes rate guarantees difficult to make. Because there are so many alternative lenders, Lendio can’t make promises about rates or fees because it is not setting the terms for the loan offers. 

The Bottom Line

Lendio has earned the respect of small business owners by providing the following:

  • A simple application process so you don't have to waste valuable time being unsure of what to do next. 
  • A personal funding manager to walk you through each step. 
  • Helpful loan calculators to reference throughout the process. 
  • A large number of lenders in its business loan marketplace, improving your chances of finding a lender that will work with you. 

You can submit the application online, and—depending on the loan type and amount—you can receive your funds in as little as one business day. 

You can find Lendio reviews below if you want to see what customers have to say about the lender. The majority of Lendio's ratings and reviews are five-stars, highlighting the company's open communication, quality customer service, simple application and loan process, and competitive rates. 

As a trusted name in business lending with overwhelmingly positive feedback from customers with businesses of their own, we highly recommend that you use Lendio’s lending marketplace. 

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Lendio Frequently Asked Questions

What types of business loans can I apply for with Lendio?

Lendio offers a variety of different loan types that include business lines of credit, SBA Loans, Business Term Loans, Equipment Financing, and more.

What are Lendio’s basic business loan requirements?

There are many factors when it comes to approving a business for a loan; however, many business can get approved if they have been in business for one year, have more then $8,000 in monthly revenue, and a credit score of at least 550.

Is Lendio a direct lender?

No, Lendio is not a direct lender. We are an online marketplace that helps connect businesses with the best available loan options.

How many lenders are in Lendio’s network?

We have over 75 lenders in our network.

What is the highest loan amount Lendio provides through its network?

We provide loans for up to $5,000,000.

How do rates compare to other business loan providers?

Since we have over 75 lenders in our network, we do everything we can to help a business secure a loan at the rates that work best for them and their situation.

Does Lendio charge any fees for using its online lending marketplace?

There is no fee at all to apply through Lendio and see what options your business may qualify for. However, like with any loan, there will be an interest or fix fees but none of that money goes to Lendio.

Will applying with Lendio impact my credit score?

Applying is free and will not impact your credit.

How quickly will Lendio transfer funds once the loan application and approval are complete?

Once the loan application and approval are completed, you can access your capital in as little as 24 hours.

User Reviews

Star Rating

4.7
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482 Reviews

Review Breakdown

5 star
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4 star
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3 star
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2 star
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1 star
4%

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kitty

March 10th, 2020 New York, NY

It has an Easy online application, Low credit score options, and Offers a variety of loan options.

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Reply from Lendio

Mar 10, 2020

Hi Kitty! Thank you for your 5 star review. Being the largest loan marketplace in the US it allows us to provide the best loan options possible with an easy application process. We're glad you chose to work with us!

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ToM

February 11th, 2020 Statesville, NC DETAILS arrow_drop_down
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I thought they went above the call of duty to obtain a loan

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Reply from Lendio

Feb 11, 2020

We appreciate your review! We always do everything we can to help our business owners find the funding they are looking for!

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Jonathan Ruiz

February 11th, 2020 Walla Walla, WA DETAILS arrow_drop_down
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Always able to help when needed,especially when business gets slow.

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Reply from Lendio

Feb 11, 2020

Thanks for your review Jonathan! We're glad we were able to help you find the funding you needed!

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Dakine

February 5th, 2020 Makawao, HI DETAILS arrow_drop_down
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The Lendio representative that I worked with was amazing. His name is Cody S. Easily the most helpful loan rep I have ever worked with in my entire life. Lendio all the way!

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Arnold villegas

January 28th, 2020 Albuquerque, NM DETAILS arrow_drop_down
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It’s obvious that Lendio prioritizes customer service above anything else.

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Reply from Lendio

Jan 28, 2020

It's true, we take great pride in our customer service! Thanks for your 5 star review Arnold!

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Colton - Gym Owner

January 23rd, 2020 DETAILS arrow_drop_down
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We weren't sure about using them at first but we are glad we did. Everything was an easy process from start to finish and they hooked us up with the best possible loan for our situation all while explaining each one of our options.

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Reply from Lendio

Jan 23, 2020

Thanks for your 5 star review Colton! We're glad you decided to work with us as well and that you were able to find the funding you need!

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chris alwink

January 23rd, 2020 Miami, FL DETAILS arrow_drop_down
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chris Alwink was very caring and helpful

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Reply from Lendio

Jan 23, 2020

Thanks for your 5 star review! Chris is awesome and we're glad he was able to help you out!

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Russ

January 21st, 2020 Fort Collins, CO DETAILS arrow_drop_down
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It was fast and just a great experience. They answered all the questions we asked.

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Reply from Lendio

Jan 21, 2020

Hi Russ! We always try and make the funding process as quick and easy as possible, thanks for your 5 star review!

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Casey

January 21st, 2020 Boise, ID DETAILS arrow_drop_down
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The whole process is great. Customer service was great throughout the whole process. The rates are a little steep but it accomplishes a goal.

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Reply from Lendio

Jan 23, 2020

Hi Casey! We appreciate your review and we're happy we were able to help you accomplish your goal!

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Stanley

January 21st, 2020 Ferriday, LA DETAILS arrow_drop_down
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They've been very helpful and informative as to the process and what to expect. Their customer service rep was very helpful and knowledgeable. It was very fluid and easy. I am glad it was convenient.

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Reply from Lendio

Jan 21, 2020

Hi Stanley! We always try to be as transparent as possible so you know exactly what's going on. Thanks for your 5 star review!

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Fareed

January 21st, 2020 DETAILS arrow_drop_down
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I'm glad I did it. They are very quick with responses to questions and follow up right after. It's very professional and smooth. Not overly complicated.

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Reply from Lendio

Jan 21, 2020

Hi Fareed! Thanks for your review, we always try our hardest to make the process as easy as possible, we know your time is important!

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Hyeong

January 21st, 2020 Decatur, GA DETAILS arrow_drop_down
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It's good. Lendio has fast and kind service.

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Reply from Lendio

Jul 10, 2020

Hi Hyeong! We are pleased to hear that your experience with us has been so smooth and quick! We look forward to a bright future for you and your business. Thanks again for your review!

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C

January 21st, 2020 Upland, CA DETAILS arrow_drop_down
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Fast and easy and customer support is very accurate. I would recommend Lendio.

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Reply from Lendio

Jan 21, 2020

We hope you recommend us to everyone you know! Thanks for your review C!

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Abigail

January 21st, 2020 Salem, OR DETAILS arrow_drop_down
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It was all easy and he was quick and explained it to me with all the information.

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Reply from Lendio

Jan 21, 2020

Quick and easy is how we always try to do things! Thanks for your review Abigail!

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Denise

January 21st, 2020 Woodland Hills, CA DETAILS arrow_drop_down
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Lendio made it really easy and took care of everything quickly and answered all my questions.

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Reply from Lendio

Jan 21, 2020

We're glad the process was so easy, thanks for your review Denise!

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Uzzy

January 21st, 2020 Miami, FL DETAILS arrow_drop_down
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I am glad I did it because of their knowledge and professionalism. The process was painless and fat and I got the funds when I needed them. The fees are a little steep but other than that I am actually paying less and faster which makes up for the cost.

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Reply from Lendio

Jan 21, 2020

Thanks for your 5 star review Uzzy! We always make sure the process is as quick and painless as possible!

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Stacey

January 21st, 2020 Conyers, GA DETAILS arrow_drop_down
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Walked me through the whole process and it was pretty easy to check up.

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Reply from Lendio

Jan 21, 2020

We appreciate your review Stacey! We're glad we were able to make the process so easy!

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George

January 21st, 2020 Fallon, NV DETAILS arrow_drop_down
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Lendio made it easy and were good with follow up. I am glad I did it.

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Reply from Lendio

Jan 21, 2020

We're glad you did it too! Thanks for your review George!

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Giuseppe Baldi

December 20th, 2019 Arlington, TX DETAILS arrow_drop_down
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We had contacted another company for funding who, after some back and forth, did offer us a deal with less than ideal terms. At the last minute, it fell through and they dropped of the face of the Earth. And boy am I glad it did! That's when I contacted Lendio and they got right to work on this for us, had us approved quickly and with MUCH BETTER terms!

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Reply from Lendio

Dec 20, 2019

Giuseppe, what a great testimonial! We appreciate your story and the 5-star review. Thank you for being a part of the Lendio family.

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Tom Johnson

December 13th, 2019 Jackson, WI

Terrible service, very unprofessional responses, and constant unrelenting pursuit and solicitation if you decide to work with a different lender. Stay away unless you want poor service and a lifetime of solicitation!

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Reply from Lendio

Dec 16, 2019

Tom, we are unable to locate any information about your company. We do apologize for your experience and wish to address any concerns you may have. Please reach out to us at 855-853-6346 and ask for the Customer Experience Director, Jay Fraga.

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Scott Cavanaugh

December 13th, 2019 Saint Paul, MN

Tim S was kind, corteous and able to secure my line of credit in a prompt manner. Paul jumped in to finish the process when Tim got hit with the flu going around the office. I'm am very happy with Lendio.

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Reply from Lendio

Dec 13, 2019

Thanks for your review Scott! We always put our business owners first and make sure we do all we can to help them find the funding they need!

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Tina

December 5th, 2019 Upper Marlboro, MD

Lendio served it's purpose for helping me meet my payroll in a real emergency. The Lendio rep was extremely nice and he did his best to get me the financial resource within a very short amount of time. I will say this, the financing firm - I was aligned too for funding did not provide clear instructions and I am extremely disappointed in the terms and the lack of transparency. I only need $40k, I was approved for $100k but then they stated I need to pay back $148k and only deposited $98,705 (please note - I did not even get the $100k). I want to pay the $100k off immediately but I should not be paying $148k when I was not even approved for that amount. I am documenting everything, in case I need to get an attorney involved. This is truly a shame.

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Reply from Lendio

Dec 10, 2019

Tina, we apologize for the experience that you had with Lendio and the Lender. We would be happy to discuss further with you the situation and try to help you understand and/or resolve any concerns you have. Please reach out to us at 855-853-6548.

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Greg Barros

November 21st, 2019 Fort Lauderdale, FL

It was easy and smooth I can’t complain I was able to still run my business while Ismael P was doing the dirty work for me!!😂 Just kidding !! Ismael P was Excellent and very understanding and I didn’t feel rushed at all and he guided me threw the process and procedures that I needed to take!! This was my First time doing a loan with LENDIO and I could surely tell you it won’t be my last!! I want to say Thank you to the Team and Staff of Lendio for making this an easy transaction and also to Ismael P for your time and patience!! God Bless and Take Care

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Reply from Lendio

Nov 25, 2019

Hi Greg! We're so happy that Ismael was able to make things so easy and find the funding you need! If you ever need help in with future funding please let us know and we'll make sure we take good care of you! Thanks for your 5 star review!

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Mike J

November 20th, 2019 Lake Saint Louis, MO

Steve was informative, prompt, and creative. He really went to bat for me on all of this while educating me in the process.

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Reply from Lendio

Nov 21, 2019

We always try and make sure our business owners know exactly what's going on so we can help find the best loan options for you and your business. We're so happy that Steve was able to walk you through the process! Thanks for your review Mike!

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Maria D Fraide

November 18th, 2019 Salinas, CA

My hole experience was assume... Devin G made it so easy just gave him my paperwork and whaooo I had a loan thank you so much

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Reply from Lendio

Nov 19, 2019

Hi Maria! Thank you for your 5 star review! We're so pleased that Devin was able to make the loan process so easy and that you were able to find the funding you need!

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Brittney Miskin

November 7th, 2019 Riverton, UT

Lendio is a great way to get funding for your small business. Customer service is excellent!

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Reply from Lendio

Nov 07, 2019

Thank you for your review Brittney! We try to have the best customer service around and we're so happy that you were able to find the funding you need!

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Harrison

November 1st, 2019 Leadville, CO DETAILS arrow_drop_down
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I had a wonderful experience with them. I wish I remembered the representative I spoke with on the phone, but he was great in helping my company.

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Reply from Lendio

Nov 06, 2019

We're so happy that we were able to help your company find the funding you need! Thanks for your review Harrison! We'll be here if you need help with anything in the future!

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DKJ

October 31st, 2019 Paramus, NJ

Lendio’s website is so easy and fast to use once I put all my information in there database I was already assigned a case manager as well as being connected with lenders. Jeremiah is so knowledgeable and is with you every step of the way.

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Reply from Lendio

Nov 06, 2019

Jeremiah definitely knows his stuff, we're so glad that he was able to help you with the funding process. Thanks for your 5 star review!

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C Johnson

October 29th, 2019 Frisco, TX

Easy process. Quick response. Many options.

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Reply from Lendio

Nov 06, 2019

Thank you for your review! Our goal is to fuel the american dream through options, speed, and trust! We're so glad we were able to do that with you. Good luck with your business moving forward and let us know if we can help you in the future!

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G

October 22nd, 2019 Henderson, NV

Great response - great contact and explication/ - Ask for Austin

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Reply from Lendio

Oct 23, 2019

We take pride in helping business owners find funding as quickly as possible. All of our funding specialists are very knowledgeable and ready to help! Thanks for your 5 star review!

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Rolf Schreiber

October 17th, 2019 Orangeburg, NY DETAILS arrow_drop_down
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Working with Beau was fantastic. He was able to refinance my old loan with a great rate. Everything was done within 24hours. Great job

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Reply from Lendio

Oct 18, 2019

We agree, working with Beau is fantastic! We're so happy he was able to help you out so quickly and make it a good experience for you. Thanks for your 5 star review!

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Pete M

October 17th, 2019 Redondo Beach, CA DETAILS arrow_drop_down
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It was excellent! Everything went quickly and easily. Kelly personable, professional, and knowledgable. I'd be happy to recommend.

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Reply from Lendio

Oct 18, 2019

Thanks for your recommendation Pete! We're so happy that Kelly was able to make your funding process quick and easy!

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Steve Vach

October 16th, 2019 Henderson, NV

Lisa found me the option and was very personal with my account. She was easily accessible and I appreciate the attention to detail. Thank you

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Reply from Lendio

Oct 17, 2019

Thanks for your 5 star review, Steve! Here at Lendio we take pride in helping our customers find funding through options, speed, and trust. We're happy Lisa was able to help you do just that!

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Debbie

October 15th, 2019 Corsicana, TX DETAILS arrow_drop_down
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This has been the BEST business decision ever! They have been so easy to work with . I was apprehensive at first but they calmed my fears, walked me through the process and have been available after the loan was funded. I look forward to continuing business with Lendio.

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Reply from Lendio

Oct 16, 2019

Hi Debbie! We're so happy that we were able to make things so easy for you! We look forward to continuing business with you as well and we can't wait to hear about all the success you're having! Thanks for the 5 star review!

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Matthew J. Pagano

October 1st, 2019 Philadelphia, PA DETAILS arrow_drop_down
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My salesman Jared A is the best His product knowledge is unmatched. He’s a true professional! I would recommend him to anyone searching for a business loan of any kind.

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Reply from Lendio

Oct 02, 2019

Jared definitely knows his stuff, we are glad he was able to make things so easy for you! Thank you for the 5 Star Review!

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Tommy

September 26th, 2019 Madison, MS

Jeremiah was amazing. So east to work with and an incredible amount of honesty & Integrity. Followed up but wasn't pushy. Would give 10 stars if I could.

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Reply from Lendio

Sep 27, 2019

Thank you so much for the kind words Tommy! We really appreciate you taking the time to share your experience with us - and we agree, Jeremiah is amazing! We hope you continue to find success in your business and we look forward to hearing all about it!

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Steven

September 26th, 2019 Jacksonville, FL

I was promptly presented with several options for funding. Many of the initial offers were not what I was looking for, but after a couple days, the perfect match was presented. I accepted and was funded 2 days later. Great process!

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Reply from Lendio

Oct 02, 2019

Steven, thank you for the great review, we are glad that it was a quick and easy experience for you! We can't wait to hear back from you!

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Ron T

September 24th, 2019 Saint Charles, MO

Contact was immediate. The entire funding experience from start to finish took less than 2 weeks. Bret was amazing to work with. I would recommend them to anyone in need of business financing. Terrific company.

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Reply from Lendio

Sep 26, 2019

Hi Ron! We're so happy that you were able to get your funding quickly and that Bret was amazing to work with! Thank you so much for your 5 star review!

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W HOLT

September 7th, 2019 Suffolk, VA

I DELT WITH TROY R AND HE WAS GREAT! HE KEPT THE COMMUNICATION LINE OPEN AND SENT PROGRESS REPORTS THROUGH EMAIL. QUICK AND EASY. THANKS AGIAN.

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Reply from Lendio

Sep 09, 2019

We're so happy Troy was able to make things so quick and easy! We pride ourselves in helping business owners find funding through options, speed, and trust. Thank you for your 5 star review!

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Heather Gardner

September 3rd, 2019 West Newton, PA DETAILS arrow_drop_down
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I recently used Lendio to secure a Line of Credit to open a second location for our small business. Shortly after signing the agreement for the needed capital I was contacted by another lender with much lower rates. I was furious with the terms I had agreed to now knowing there were better options available. After voicing my frustrations about Lendio I was immediately contacted by a customer representative who 'dug in' asked a lot of questions to better understand the situation and then was able to provide a fair resolution. As my financing needs evolve I will look to Lendio because of how they handled this situation.

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Reply from Lendio

Aug 22, 2019

Heather, We apologize for your most recent experience with Lendio. Our Customer Experience Director will be contacting you to review your file and discuss your concerns. Again, we apologize for your experience and hope to remedy your situation and outlook of Lendio in the future. Please fee free to contact him at 855-853-6548 and ask for Jay.

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Robert J Lucas

August 30th, 2019 Sharpsburg, GA DETAILS arrow_drop_down
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Moe, my agent, was super helpful and informative. He went above and beyond helping me get set up with a lender. Great customer service!

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Reply from Lendio

Aug 30, 2019

Hi Robert, we really appreciate your feedback! We're so happy that Moe was able to make your experience with Lendio a great one! Thank you for allowing us to be a part of the growth of your business!

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David Cannata

August 29th, 2019 Spanish Fork, UT DETAILS arrow_drop_down
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Predatory lending, David gave me his word on helping me get to a term loan which was why I went with him. He led me along telling me all the right things got me into a crappy loan telling me ill be out in 3 months. And low and behold when I called to work on the term deal 4 months later...no answer, to busy, wont call me back!!! Snake in the grass, no integrity, salesman.... I will spread the word.

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Reply from Lendio

Aug 30, 2019

We apologize for your experience. Our Customer Experience Director and one of the founders of the organization is looking into this and are trying to understand the situation better. Please do not hesitate to contact us at 855-853-6548 so that we can assist you in resolving your concerns.

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Jason curry

August 25th, 2019 Bonney Lake, WA

Taylor, Colin and all who were involved made a quick, easy process out of an extremely stressful and demanding process. I greatly appreciate the service and forthright terms to get this short term loan for my company! Currylandscape&gardencenterInc.

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Reply from Lendio

Aug 26, 2019

Jason, thank you for the 5 star review! We are so happy that Taylor and Colin were able to make things quick and easy for you! We really love it when our options, speed, and trust are able to help business owners like yourself succeed!

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Clyde

August 23rd, 2019 Norwood, MA DETAILS arrow_drop_down
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Worked with Jayson who did an incredible job and got me what I needed very quickly. Thanks again guys look forward to doing more work with you in the future.

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Reply from Lendio

Aug 23, 2019

Hi Clyde, it's great to hear that Jayson was able to exceed your expectations! We look forward to hearing about the continued success of your business, please keep us updated and thank you for your 5 star review!

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Dawn Simpson

August 16th, 2019 San Antonio, TX

Chris with Lendio was a pure delight. He helped me with the whole loan process.

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Reply from Lendio

Aug 19, 2019

Thank you! We really appreciate your feedback and your 5 star review. Thank you for letting us be a part of the growth of your business! We wish you all the best!

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Teresa

July 23rd, 2019 Simi Valley, CA

My credit is good but I was turned down for a cash loan but approved for a credit card, and then immediately after I applied and was denied I started receiving multiple phone calls from different companies trying to sell me a loan. I feel like this is a scam. I’ve never had an issue getting a loan before.

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Reply from Lendio

Jul 25, 2019

Hi Teresa, I apologize for your most recent experience you had with Lendio. We do our best to match you up with lenders that you qualify for. We never sell your information and we never do a hard credit pull. We would be interested to review your account with you and determine how we can improve your experience with Lendio. Please contact us at 855-853-6346. Thanks

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G47

June 24th, 2019 DETAILS arrow_drop_down
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Customer service was excellent it was fast and there was always someone there to help.

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Reply from Lendio

Jun 24, 2019

Thank you! We appreciate your 5 star review and for sharing this with us. Your feedback couldn't make us happier! Lendio is here to help business owners from the beginning of the lending process to the end, as quickly as possible! Thanks for letting us be a part of the growth of your business!

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Elizabeth Peterson-Gower

June 17th, 2019 Los Angeles, CA DETAILS arrow_drop_down
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good service Exceptionally good staff very swift to authorize a loan for me.

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Reply from Lendio

Jun 18, 2019

Hi Elizabeth! Hearing that you had an exceptional experience is the best thing we could hope for! All of us at Lendio make it a point to move as quickly as we can to help you find the best lending options for your business. We wish you much success in your business, and we thank you for your fantastic 5 star review!

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Robin Smith

June 10th, 2019 DETAILS arrow_drop_down
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They are helpful and keep up with my accounts. Jason is wonderful.

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Reply from Lendio

Jun 10, 2019

Hello Robin! It's great to hear that Jason was able to exceed your expectations! We are excited to hear about the continued success of your business, so please keep us in the loop. Thank you kindly for your 5 star review!

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Scott

June 10th, 2019 DETAILS arrow_drop_down
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The rates are very high. They will negotiate to some extent.

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Reply from Lendio

Jun 10, 2019

Hi Scott! We appreciate you taking the time to share this with us! We work with 75 + different curated lenders. Based on the lender, product, and business owner's credit, time in business, monthly revenue, and a few other variables, that is what determines rates and terms. It is a matter of what each business owner qualifies for. We strive to make each experience the best it can be, so please let us know how we can make this a 5 star experience for you! Best of luck to you!