Overview

Lendio, founded in 2011, is a fintech marketplace that connects U.S. small businesses with over 75 vetted lenders, banks, credit unions, and online funders through a single application. As of 2025, it has facilitated over $16 billion in funding and served more than 400,000 businesses.

Lendio doesn’t issue loans directly; instead, once a borrower completes a brief online application that typically involves a soft credit check, they are matched with lending options across a spectrum of loan types. This model is designed to simplify the borrowing journey by eliminating repeated applications to multiple lenders.

The platform is accessible in all U.S. states and is especially suited for businesses with limited credit history. It leverages AI-driven matching and seamlessly embeds into partner ecosystems via an “Embedded Marketplace” feature.

Features

Lendio offers a broad suite of financing solutions tailored to diverse business needs. Supported loan types include:

• SBA loans (up to $5 million, 10–30 year terms)
• Short-term loans (≈$2,500–$500K, 6 months–7 years; funding in 1–3 days)
• Business term loans ($5K–$2 million, 6 months–10 years)
• Equipment financing ($5K–$5 million, 1–10 years, funding often in 24 hours)
• Commercial mortgages, startup loans, accounts receivable financing, merchant cash advances, business lines of credit, business credit cards, and business acquisition loans

Loan amounts typically range from a few thousand dollars to up to $5 million, and funding speed varies from same-day in some cases to several weeks for longer-term funding like SBA or commercial mortgages.

Lendio provides calculators to estimate payments across loan types. Its Embedded Marketplace offers seamless AI-driven integration into partners’ platforms, presenting pre-qualified financing options in about 5 seconds post-application and tailored to a brand’s look and feel.

Application Process

Lendio simplifies loan shopping by letting users apply once and get matched with multiple lenders. Here’s how it works:

Step-by-step:

Step 1: Online Application

Applicants complete a secure online form with basic details such as their business name and industry, time in business and annual revenue, credit score range, desired loan type, and amount.

Step 2: Soft Credit Check

A soft pull is used for prequalification; this does not affect your credit score.

Step 3: Loan Matching

Lendio’s AI-driven system matches the applicant with relevant offers from over 75 lenders.

Step 4: Personal Support

A dedicated funding manager contacts the borrower to review options, answer questions, and guide next steps.

Step 5: Final Application & Approval

If the borrower proceeds, they may need to supply Bank statements, tax returns, business licenses, or legal documents. At this stage, the matched lender may conduct a hard credit pull.

Step 6: Funding

Depending on the loan type, funds can be received within 24 hours to a few weeks.

This organized and advisor-guided process reduces stress and increases the likelihood of approval.

Repayment Terms

Repayment terms vary widely based on loan type and lender. Here’s a broad overview:

• SBA loans: Typically long-term (10–30 years) with prime-plus pricing; funding may take 1–2 months.
• Short-term loans: Terms from 6 months to 7 years, interest starting around 8%, funding as fast as 1–3 days.
• Business term loans: Mid-range terms (6 months–10 years), rates starting near 6%, funded within 24 hours.
• Equipment financing: Terms up to 10 years, starting rates ~7.5%.
• Commercial mortgages: These are long-term (10–25 years) loans with rates from ~4.5% and funding in several weeks.
• Accounts receivable financing: Often up to 80–100% of receivables, rates as low as 3%, terms up to 1 year, funding in 24 hours.
• Startup and acquisition loans: Startup loans may carry higher rates (up to 31%), terms up to 5 years; acquisition loans may offer up to $5 million over 10–25 years, rates typically around 5.5%.

Actual terms, interest, and eligibility depend on the specific lender selected post-application. Lendio doesn’t set rates; it serves to match borrowers with lenders who offer terms suited to their profile. But it does provide calculators and transparency tools to help estimate costs.

Customer Support

Lendio provides direct and personalized support to guide borrowers throughout their funding journey.

Key contact details:

• Phone Support: (855) 853 ‑6346
• Hours: Monday to Friday, 7:30 AM – 5:00 PM MST
• Online Help: Contact page & resource center

Additional Support:

• Dedicated Funding Manager:

Every applicant is assigned a funding expert for 1:1 assistance.

• Self-service Resources:

Includes calculators, articles, loan guides, and FAQs at Lendio.com

Some users have reported minor delays in communication and increased emails post-application, but the majority of reviews highlight helpful and knowledgeable support staff.

Bottom Line

Lendio streamlines access to business financing by matching businesses to a broad lender network via a single application—offering speed, flexibility, and diverse loan types. While actual rates vary and lender communications can lag, its accessible model and funding speed make it a compelling option for U.S. small businesses seeking fast, flexible capital.