Overview
Fundera
$5 Million
1 Day
N/A
N/A
11 Years
Lendio
$5 Million
1 Day
N/A
N/A
14 Years
Ratings
Fundera
Lendio
Reviews
Fundera
Reviews
Lendio
Reviews for Fundera
Helpful Favorable Review
brian guest
June 26th, 2023
Santa Ana, CA
DETAILS
Review Source
Hannah E was my agent she was so awesome and helpful! Got us 16K in one day for inventory and working capital! She didn't just talk the talk she walked the walk and we will be using Fundera forever moving forward in our business!! Again Thanks Hannah!!!! Brian Guest President West coast truck parts oc inc.
Helpful Critical Review
Chad Person
June 29th, 2023
Denver, CO
DETAILS
I worked with Chris M at Fundera on a business loan for several weeks. He was great until I rejected the approved offer. We decided to switch to a lower rate SBA loan. Then after not getting back to him after a few emails (2) he closed my account due to inactivity. Very off-putting. Fundera is after short term commission. They are not a good partner for your business loan needs.
Reviews for Lendio
Helpful Favorable Review
Dung giap
March 26th, 2021
Westminster, CA
First of all I said thanks to our agent that helping me when I need very highly appreciate itIn a time like this when I have a difficult time and struggling an agent from lending help ing me that’s what I like about the Lendio a lot you got to take care of business everything paperwork moving so fast so quick that I never thought of. Once again thank you to all lendio agents. And he asked me what I dislike about lendio. Well in my dictionary I don’t have that work dislike. The only word that I can find in there is appreciation thank you once agains !!!
Helpful Critical Review
Alex John
March 22nd, 2022
Aliso Viejo, CA
Edited July 7th, 2022
Review Source
I was first approved with them, but after two days they declined my offer. I do not recommend to work with this company I had to file a complaint against them because they discriminated me based on my origin
The Final Word
Both Fundera and Lendio are excellent options for all types of loan products, loan amounts, and loan purposes. Most importantly, customer reviews are largely positive for both of these companies.
The differences between the two companies are minor, but may play into your decision, so we'll review where the companies stand in regards to some additional aspects.
Partner Network Size
Both companies are committed to helping each business owner identify financing options through a lender or multiple lenders that work for their situation.
Fundera works with 20 online lenders in its partner network to facilitate a variety of business loans for borrowers. Lendio offers loan options from more than 75 alternative lenders.
Keep in mind that neither company can make promises about rates or fees because they are not setting the terms for the loan offers.
Loan Types
Fundera's available loan options include the following:
- SBA loan
- Business line of credit
- Term loan
- Startup loan
- Equipment financing
- Invoice financing
Lendio has an edge over Fundera in regards to loan types as it offers all of the above loan products plus the following:
- Merchant Cash Advances
- Business credit cards
- Commercial mortgages
- Business acquisition loans
Eligibility Requirements
Fundera applicants need a minimum personal FICO score of 550. Lendio doesn't specify a minimum credit score, but states that prospective borrowers with less-than-perfect credit can qualify for a business loan.
Whether you work with Lendio or Fundera, your loan term, interest rate, and financing options depend on your personal and business financials as a small business owner, including FICO score.
