Fundera vs Lendio

Rebecca Graham
Rebecca Graham | Contributor

While not direct lenders themselves, highly reviewed Fundera and Lendio are online marketplaces dedicated to curating the best loan options for borrowers. 

So how exactly does it work? 

The process is similar for both Fundera and Lendio. Both companies match borrowers with a number of financing options based on factors like time in business, monthly revenue, personal FICO score, and cash needs. Then, they review each loan offer with you to ensure that you have all the information necessary to make the best decision for your business.

From there, you work directly with the lender you've chosen to fulfill the terms of the loan. 

Fundera logo verified_user
#22 Fundera
6.5 Overall Score
4.6
star star star star star_half
(27)
Lendio logo verified_user
#1 Lendio
9.9 Overall Score
4.7
star star star star star_half
(502)

Overview

Fundera

Max Loan Amount

$5 Million

Lowest APR Rate

7.00%

Origination/Closing Fees

0.00%+

Time to Funding

1 Day

Time in Business

7 Years

Lendio

$5 Million

4.0%

None

1 Day

15 Years

Ratings

Fundera

Overall Score
6.5 of 10
Review Score
4.6
star star star star star_half
Value for Money
4.3
star star star star star_half
Quality of Product or Service
4.3
star star star star star_half
Company Trustworthiness
4.5
star star star star star_half
Likely to Recommend
9.2 of 10

Lendio

9.9 of 10
4.7
star star star star star_half
4.1
star star star star star_half
4.5
star star star star star_half
4.4
star star star star star_half
8.8 of 10

Reviews

Fundera

Number of Reviews
27
Review Breakdown
4.6
star star star star star_half
5 star
89%
4 star
0%
3 star
0%
2 star
0%
1 star
11%

Lendio

502
4.7
star star star star star_half
5 star
81%
4 star
12%
3 star
2%
2 star
1%
1 star
5%

Reviews for Fundera

Helpful Favorable Review

star star star star star

William East Longmeadow, MA

I am not exactly sure how this all works, Sarah H. has been my contact for approximately 3 years. Very Patient with me as we struggled from being start up through Covid, and now funding with Reliant, who I am more than happy with the way I am treated... Sarah like folks at reliant was patient with me, even though I really didn’t qualify, very respectful and never made me feel like “are you crazy”??? Strongly recommend to anyone who needs obtaining funding, one piece of advice is always be honest, they have seen it all! William

1 month ago

Helpful Critical Review

star star_border star_border star_border star_border

vyacheslor Indianapolis, IN

Highly unprofessional - after finding out my SBA loan wouldn't go through. They handed over all my personal information to their "partners" now i'm getting spam emails and calls that I didn't agree or sign up for. I've tried to email and call the rep back that I spoke with - Kailey N. but now she won't return my calls or email about why she sold or gave my information to other companies. Please show me where I agreed to let you sell or give my information to your partner network? DO NOT DO BUSINESS WITH THIS COMPANY!!

1 month ago

Reviews for Lendio

Helpful Favorable Review

star star star star star

Dung giap 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 !!!

2 weeks ago

Helpful Critical Review

star star_border star_border star_border star_border

Patrick Clemmons McDonough, GA

I feel like I'm being missed led by my lendio rep every day he's either telling me to chang something on my application or to be expecting a contract I feel like he's just telling me what I want to here I was approved for the first round. I have excellent credit all of my documents I do not no what's the hold up. I think I'm being missed led I don't trust my rep knows or care about what he's doing.

1 week ago

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. 

Top Choice

Lendio Logo
Lendio

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