Overview

Lendzi, headquartered in Los Angeles and founded in 2020, is an online loan marketplace that connects U.S. small businesses with a network of over 60 vetted lending partners. Since its inception, it has facilitated more than $500 million in funding for entrepreneurs across the nation.

It caters to a broad spectrum of borrowers, including startups, established businesses, and those with less-than-ideal credit, matching them with financing options that suit varied purposes such as working capital, equipment, inventory, payroll, or refinancing.

Lendzi stands out by offering rapid quote generation and funding, a streamlined digital application process, and no-cost access to multiple loan options without impacting credit scores. Its marketplace approach simplifies comparisons and accelerates funding decisions, though borrowing costs can vary significantly across lending partners.

Pros & Cons

Features

Lendzi offers access to a comprehensive suite of business financing options through its network:

• Loan Products: Includes SBA loans, term loans, working capital, equipment financing, lines of credit, invoice factoring, merchant cash advances, and commercial mortgages.
• Loan Sizes: Funding ranges from $5,000 for small needs up to $5 million for SBA and major financing needs.
• Credit & Eligibility Flexibility: Accepts personal credit scores as low as 500; many programs require only six months to a year in business and various revenue thresholds.
• Marketplace Convenience: Single application, no hard credit check, cost-free access to multiple prequalified offers.
• Speed: Funding can arrive in as little as 24 hours from approval.

Application Process

Applying through Lendzi is straightforward and efficient:

1. Prequalification via Soft Credit Pull

• Begin by filling out a “See Your Options” form on Lendzi’s site regarding the loan amount and purpose, business history and revenue, and estimated credit score.
• No hard credit check is performed at this stage.

2. Matching & Comparison

• Lendzi’s system matches you to suitable offers from its network of 60+ lenders.
• Compare multiple financing options in one place at no cost.

3. Consultation with Loan Specialist

A specialist may reach out to clarify financial details and documentation needs.

Depending on the loan type, this may involve providing bank statements, tax returns, or proof of business operations.

4. Approval & Funding

After selecting an offer, approval and funding may occur in as little as 24 hours.

Customer Support

Lendzi offers multiple, accessible support channels backed by strong customer satisfaction:

• Email: info@lendzi.com
• Contact Form & Phone: Available on their site; hotline (877) 453 6394
• Locations: Offices in Los Angeles, New York, Boca Raton, and Austin.

Bottom Line

Lendzi delivers fast, flexible business financing via a modern, no-cost online marketplace. With diverse loan types, wide loan amounts, and acceptance of lower credit profiles, it suits many small businesses, especially those needing quick funding, though careful review of terms is essential due to potentially high rates and factor fees.

AI was used in the creation of this content, along with human validation and proofreading.