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

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4 star
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1 star
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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!

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Godavari

June 10th, 2019 DETAILS arrow_drop_down
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Very Easy, quicker than others, and responsive

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Reply from Lendio

Jun 10, 2019

We are so glad you are happy with your experience at Lendio, Godavari! One of our top goals is to move as quickly or as slowly as you need to benefit your business, all with the easiest application process possible. We're so happy to be a part of the growth of your business, and we thank you for your fantastic review!

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May 29th, 2019 Malibu, CA DETAILS arrow_drop_down
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Their application process and response time was very good. I'm happy with them. It's very straight forward. The customer service was understanding to any questions that I might about. There weren't any surprises. Lendio was very transparent to what the structure of the cost would be and the timing and then kept those commitments.

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5

May 29th, 2019 Wichita Falls, TX DETAILS arrow_drop_down
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I will say the ease and quickness of the whole process was high quality.

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May 29th, 2019 Waynesboro, MS DETAILS arrow_drop_down
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The guy that I worked with was super nice and he covered it all. They are really helpful and just went all the way. It was quick and fast. They've done everything they said they would do.

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5

May 29th, 2019 Las Vegas, NV DETAILS arrow_drop_down
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They're easy to work with and get the job done. When you call, the customer service pick up. I worked with real professional people and they stayed in contact with me. It was a good experience.

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Coleman

May 26th, 2019 Tampa, FL

Thanks! Lendio for being a partner in the time of need. I want a loan for my business in a short time. I was too much worried about it. My business was at risk. Lendio finished my worried by providing a loan with easy payback installments. Thanks!

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Reply from Lendio

May 29, 2019

Hello Coleman! You are so very welcome! We are honored to be your small business lending partner in your time of need. Thank YOU for your fabulous review and for sharing your experience with us. We wish you continued success for your business!

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Craig

May 14th, 2019 Orem, UT DETAILS arrow_drop_down
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I secured a business loan through Lendio for taking on a new client with my business. I was able to get the money fast and use it for the exact things we needed. If it wasn't for Lendio I wouldn't have been able to grow my business like I did.

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Reply from Lendio

May 15, 2019

Thanks for the 5 stars Craig! That's the magic about Lendio, with your 1 application we can open a door with over 75 different lenders and match with the ones matching your needs!

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Jennifer

May 10th, 2019 Ogden, UT DETAILS arrow_drop_down
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When me and my husband were starting a small business we found ourselves being turned away from conventional bank loans. We were lucky to find Lendio as they were able to get us exactly the amount of money we needed and we were able to pay it back quickly due to their low rates. The process was easy and they were great to work with.

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Reply from Lendio

May 15, 2019

Thank you for sharing this experience with us! We know the business world isn't always easy and we are here to help you create that bridge to get you through the hard times! We look forward to seeing your business blossom! Thanks again for the great review, Jennifer!

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Debbie knipp

April 30th, 2019 Tracy, CA

Great staff so easy to work with. Tanner was friendly knowledgeable and funnny

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Reply from Lendio

May 03, 2019

Hi Debbie, so great to hear that Tanner was able to exceed your expectations he sure is awesome at what he does! We are excited to see what’s up next for you and the growth of your business, thank you for the 5 Star Review!

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Ryan

February 11th, 2019 DETAILS arrow_drop_down
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They asked for countless documents, which I provided in a timely manner. Then they stopped responded. I reached out twice with questions, and never heard back.

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Reply from Lendio

Feb 12, 2019

Hello Ryan, I am sorry to hear about your experience with Lendio. We would really like to get this resolved for you. Please give us a call at 801-858-3600 and speak with our Customer Experience Director Jay F. We look forward to speaking with you.

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Kl

February 11th, 2019 DETAILS arrow_drop_down
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Helpful, kind and knowledgeable we love the staff. The loan company was not excellent.

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Reply from Lendio

Feb 12, 2019

KI, Thank you for sharing this experience with us! We are always glad to help, Thank you for the 5 Star Review.

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Pat M

February 11th, 2019 DETAILS arrow_drop_down
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Service was great but the fees were a bit high

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Reply from Lendio

Feb 12, 2019

We are happy that your experience with Lendio's service was good. We apologize that we were unable to find you a product that provides better rates. We will continue to work with you to get you the best products available based on what you qualify for and will assist you in the future by helping you with those areas that will get you those better rates.

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WFB

February 11th, 2019 DETAILS arrow_drop_down
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Easy to work with, and diligent in their desire to help.

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Reply from Lendio

Feb 12, 2019

WFB, We really appreciate you taking the time to share your experience with us! We Count ourselves lucky for Merchants like you! Thank you for the review

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Jim

February 11th, 2019 DETAILS arrow_drop_down
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Very informative and not pushy. Prompt with all answers and they've always worked hard to give me the best deal

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Reply from Lendio

Feb 12, 2019

Lendio offers every merchant a life long relationship which means security for you and the health of your business! We are so happy to be a part of the growth of your business! Thank you for the 5 Star Review

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Anonymous

February 11th, 2019 DETAILS arrow_drop_down
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They are very quick to just put you in the easiest loan they can come up with as fast as they can whether it is really the best for you.

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Reply from Lendio

Feb 12, 2019

That's the magic about Lendio, with your 1 application we can open a door with over 75 different lenders and match with the ones matching your needs! Thank you for the review.

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Abdul

February 11th, 2019 DETAILS arrow_drop_down
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Great and easy experience. Good customer service and i would recommend your services again.

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Reply from Lendio

Feb 12, 2019

Abdul, thank you for the great review, we are glad that everything was an easy experience for you! We can't wait to hear back from you!

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Rick Stevens

February 11th, 2019 DETAILS arrow_drop_down
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Peggy M was immensely helpful, dedicated, and worked for my best interest.

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Reply from Lendio

Feb 12, 2019

Our funding managers like Peggy know how to do it! Thank you for the 5 Star Review!

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SIW

February 11th, 2019 DETAILS arrow_drop_down
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It was wonderful working with them and they got us the needed funds in the fastest way possible.

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Reply from Lendio

Feb 12, 2019

We do our best to go as quickly or as slow as you need us to always keeping in mind what is most important to you and the growth of your business! Thank you for the great 5 star review!

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J&J

February 6th, 2019 DETAILS arrow_drop_down
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Great customer service and fast response

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Reply from Lendio

Feb 07, 2019

We do our best to go as quickly or as slow as you need us to always keeping in mind what is most important to you and the growth of your business! Thank you for the great 5 star review!

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Dissapointed

February 6th, 2019 DETAILS arrow_drop_down
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The loan agreed upon, is not the terms being carried out

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Reply from Lendio

Mar 15, 2019

Thank you for your feedback. We take seriously any customer experience that is less than exceptional. While we want to help you, we are unable to identify who you are. If you could please provide us your email, phone number or name or contact us at 855-853-6548 and ask for the Customer Experience Director Jay Fraga.

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Jason Almond

February 6th, 2019 DETAILS arrow_drop_down
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very helpful process, instructional and found what I needed

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Reply from Lendio

Feb 07, 2019

Lendio has a platform of over 75 different lenders that creates so many options for our business owners! So good to hear Jason was able to get you a great product that worked for you! Thank you for the recommendation and the 5 star review!

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Great Company!!!!

February 6th, 2019 DETAILS arrow_drop_down
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They were very helpful and met my needs quickly.

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Reply from Lendio

Feb 07, 2019

Lendio offers every merchant a life long relationship which means security for you and the health of your business! We are so happy to be a part of the growth of your business!

Verified Customer

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Wallace

January 22nd, 2019 Graham, AL DETAILS arrow_drop_down
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They made everything very easy to process and worked really well with me. They were very helpful every step of the way. They are very good people to work with and they do everything they can to help you.

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Reply from Lendio

Jan 23, 2019

We are your business loan advocate it's our duty to find you the best loan options available for you with our platform of lenders. Thank you for the review!

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Jacob

January 22nd, 2019 San Francisco, CA DETAILS arrow_drop_down
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It was very difficult to get through to the customer service. The re-enrollment process for the loan could be done better in the future and the rates could be a little bit better for repeat customers instead of arm wrestling the person into a deal.

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Curtis

January 22nd, 2019 Holt, FL DETAILS arrow_drop_down
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The customer service representative was fantastic. He was very professional.

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Reply from Lendio

Jan 23, 2019

Our Lendio representatives know how to do it! We appreciate your review, we strive to make every experience a 5 star one! Please let us know if there is anything we can do to provide you a 5 star experience.

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Sandra

January 22nd, 2019 Houston, TX DETAILS arrow_drop_down
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The gentleman we worked with was very professional and very thorough. He did the job that we needed. He exceeded what we were asking. We dealt with one guy and he was very honest with everything he was doing. They were still able to work with us after we gave them the supporting documentation they needed.

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Reply from Lendio

Jan 23, 2019

Hi Sandra, so great to hear your Lendio funding manager was able to exceed your expectations he sure is awesome at what he does! We are excited to see whats up next for you and the growth of your business.

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Cordell

January 22nd, 2019 Jacksonville, FL DETAILS arrow_drop_down
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My representative actually worked pretty straight forward on how the process worked and made it less of a headache. They were pretty efficient. They give you the best options to take when it comes to getting funding for your business and if there is any retrospective and reflection on your personal credit and your business credit. So they utilize the best alternatives based on the background of your company and also your personal background as well.

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Reply from Lendio

Jan 23, 2019

Lendio offers every merchant a life long relationship which means security for you and the health of your business! We are so happy to be a part of the growth of your business, please let us know if there is anything we can do to propel your experience.

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Robert

January 22nd, 2019 Lewis Center, OH DETAILS arrow_drop_down
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It was a very simple process and very fast. The customer service is very helpful, knowledgeable, and friendly. They followed up to make sure everything was okay. I appreciate all their help.

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Reply from Lendio

Jan 23, 2019

That's the magic about Lendio, with your 1 application we can open a door with over 75 different lenders and match with the ones matching your needs! Thanks for the great review, Robert!

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Steve

January 22nd, 2019 Lenoir City, TN DETAILS arrow_drop_down
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It wasn't a complicated process. It was easy. They're just good people to work with.

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Reply from Lendio

Jan 23, 2019

That's the magic about Lendio, with your 1 application we can open a door with over 75 different lenders and match with the ones matching your needs! We are really happy to hear you had a great experience!

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Jeremy

January 22nd, 2019 Allegan, MI DETAILS arrow_drop_down
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It's a little slow going but it's going. When I call, I usually don't get an answer back for a couple of days.

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Reply from Lendio

Jan 23, 2019

Hi Jeremy, thank you for bringing this to our attention. We are sorry that we have not kept you in the loop, we strive to make the process as easy as possible for you. Would you mind giving us a call at 801-858-3600 so we can find your file and make sure you are getting the attention and service you deserve.

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Gwan

January 22nd, 2019 Desert Center, CA DETAILS arrow_drop_down
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We got a little problem at the transaction at the beginning but we got it fixed.

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Reply from Lendio

Jan 23, 2019

Hi Gwan! Sorry to hear there was an initial issue, but we are glad it was resolved and we were able to help you find the financing you needed.

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Janice

January 22nd, 2019 DETAILS arrow_drop_down
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They made everything pretty easy. My contact there did everything and kept me informed.

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Reply from Lendio

Jan 23, 2019

Thank you for sharing this experience with us! We know the business world isn't always easy and we are here to help you create that bridge to get you through the hard times! We look forward to seeing your business blossom! Thanks again for the great review!

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Wilbur

January 22nd, 2019 Chicago, IL DETAILS arrow_drop_down
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They are very efficient in their processes. They've been responsive to my needs.

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Reply from Lendio

Jan 23, 2019

Lendio offers every merchant a life long relationship which means security for you and the health of your business! We are so happy to be a part of the growth of your business!

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Anonymous

January 22nd, 2019 Smyrna, GA DETAILS arrow_drop_down
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The customer support was very responsive and answered your questions quickly making it move real fast. They would answer questions and when you call, you have a direct number to a person and not go through a series of menus. They were very professional. They're so responsive.

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Reply from Lendio

Jan 23, 2019

Your dedicated personal funding manager will ask about your needs, walk you through different loan options, and help you choose the perfect small business loan. We are ecstatic to hear your funding manager provided you with a great experience. Please keep us in the loop while your business progresses!

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Heather

January 22nd, 2019 Spring Hill, FL DETAILS arrow_drop_down
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The process was pretty straight forward and convenient.

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Reply from Lendio

Jan 23, 2019

We are your business loan advocate it's our duty to find you the best loan options available for you with our platform of lenders. Thank you for the 5 star review, Heather!

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Anonymous

January 22nd, 2019 Mableton, GA DETAILS arrow_drop_down
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There were some paperwork issues that I had to go back through and try to figure out how to provide them but that's normal. The customer service was very responsive.

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Wanda

January 22nd, 2019 Ellenwood, GA DETAILS arrow_drop_down
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I chose Lendio because they were very personable and they made me think like they were on my team. The process was very easy, it was quick and not a hassle. They have good customer service. Any questions that I had were answered. Anything that I needed, maybe they didn't know, but they found out and let me know right away.

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Reply from Lendio

Jan 23, 2019

We do our best to go as quickly or as slow as you need us to always keeping in mind what is most important to you and the growth of your business! Thank you for the great 5 star review!

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Daniel

January 22nd, 2019 Brooklyn, NY DETAILS arrow_drop_down
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The process was very easy and the loans used you did everything online. And once that deal is made, it's usually quick that you can give the money.

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Reply from Lendio

Jan 23, 2019

Lendio has a platform of over 75 different lenders that creates so many options for our business owners! So good to hear your funding manager was able to get you a great product that worked for you! Thank you for the 5 star review!

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John

January 22nd, 2019 Hudson, FL DETAILS arrow_drop_down
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The guy from customer service was really friendly and professional.

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Reply from Lendio

Jan 23, 2019

Yay, we are thrilled to hear you enjoyed your experience, John!

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Anonymous

January 22nd, 2019 Towson, MD DETAILS arrow_drop_down
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It was easy to deal with our customer service representative. He was very quick at getting back to us. The process was quick and easy.

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Reply from Lendio

Jan 23, 2019

Lendio offers every merchant a life long relationship which means security for you and the health of your business! We are so happy to be a part of the growth of your business!

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Ryan

January 22nd, 2019 DETAILS arrow_drop_down
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Deceitful suggestions and scenario. Pushed a lot about a product that did not end up following what they said. The loan company that they set me up with had many common reviews from other clients who used Lendio.

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Reply from Lendio

Jan 22, 2019

Ryan, we apologize for your most recent experience with Lendio. We work hard to match customers with lenders that provide the best product based on what our customers qualify for. With that said, please call us directly so that we are able to review your scenario and work to improve your overall experience. You can call and ask for our Director of Customer Experience at 855-853-6548

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Aquatic Technologies Inc.

January 22nd, 2019 DETAILS arrow_drop_down
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The process was easy, and Lendio never skipped a beat..

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Reply from Lendio

Jan 23, 2019

Our funding managers have a keen eye for the lending world and they are able to navigate so you don't have to! Thank you for the review and recommendation!

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Anonymous

November 27th, 2018 Castle Rock, CO DETAILS arrow_drop_down
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Very easy loan process and outstanding customer service

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Reply from Lendio

Nov 29, 2018

We appreciate your kind words, thank you for the opportunity to work with you!

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Eduardo maciel

November 27th, 2018 Brownsville, TX DETAILS arrow_drop_down
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They have been there when needed and there response on approval is fast

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Reply from Lendio

Nov 29, 2018

Thank you for the 5 star Eduardo! Please keep us in the loop as your business progresses, we are excited to see your business grow!

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Gaby

November 21st, 2018 Sunnyvale, CA DETAILS arrow_drop_down
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The application process was easy and the response was fast

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Reply from Lendio

Nov 21, 2018

Hi Gaby! We understand your business is your baby, so we do the hard work for you so you can get back to doing what you do best! Thanks for the 5 stars.

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TAA

November 21st, 2018 DETAILS arrow_drop_down
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team is knowledgeable, works qiukly, andoes what is says it is going to do

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Reply from Lendio

Nov 21, 2018

Thank you for the awesome 5 star review! We appreciate your business.

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Actuated Medical Inc.

November 13th, 2018 Bellefonte, PA DETAILS arrow_drop_down
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They went out of their way to assist in my company receiving a commercial loan.

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Reply from Lendio

Nov 14, 2018

Thank you for the review! We are glad we were able to work with you and get you the financing you were looking for.

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Terrelya Hoskins

November 12th, 2018 Seattle, WA

I literally met every qualification they asked for and yet they still found a reason not to. I don't have the amount of deposits/transactions going in and out of my business account. They wanted direct access (passwords too) to my accounts. The type of business I do doesn't require multiple deposits yet they still wasted my time. Someone on Facebook asked a question if they helped the same type of business I do. They deleted my comment then blocked me from answering. Sounds like to me they don't want transparency. They should answer the questions truthfully instead of wasting people's time. Suddenly, I can't get a hold of them by phone either. Hmmmm.....

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Reply from Lendio

Nov 13, 2018

Hi Terrelya, we apologize that your experience was less than desirable. Lendio is the marketplace for 75+ lenders that we partner with to help merchants get funding. Each lender requires various information to ensure you are qualified for the loan and to be able to pay it back. Unfortunately, we are not able to obtain funding to 100% of our merchants based on those qualifications. Please contact our Customer Experience Director at 855-853-6346 and we would be happy to review your account with you.