Advertiser Disclosure: TopMoneyHub may receive compensation from the companies featured on this page. This compensation may impact how and where products appear on this site (including the order in which they appear). TopMoneyHub does not include all companies or all offers available in the marketplace.
Last updated:
Bottom Line: For Business Loans shoppers prioritizing access to multiple lenders, Lendio is hard to overlook. Compare rates carefully before committing.
Overview
Lendio connects businesses with multiple lenders through a single application process.
Lendio specializes in providing services in working capital, equipment financing, sba loans, with loans ranging from $5,000 – $500,000, accepting credit scores from 600 and up.
On the plus side: access to multiple lenders, one application for multiple options, personalized loan matching. The trade-offs? may receive multiple calls, not a direct lender.
Key Features
- Access to 75+ lenders
- Multiple loan types
- Simple application process
- Personalized guidance
Rates & Fees
Breaking down the costs.
- APR range: 6.0%
- Loan amounts: $5,000 – $500,000
- Fees: 1% – 6%
Your actual rate depends on credit score, loan amount, and term length. These numbers reflect advertised ranges — your offer may differ.
Who Is This For?
Lendio is geared toward those looking for multiple loan options. A minimum credit score of 600 makes this accessible to borrowers with fair credit or better. Particularly strong for anyone in the market for working capital, equipment financing, sba loans.
This might not be the best fit if may receive multiple calls is a dealbreaker for you.
Application Process
Plan on one to two business days for an initial decision. The application is straightforward, but document review adds a bit of time.
How Lendio Compares
Lendio competes as a value player in business loans. Rates are competitive, though the feature set is more streamlined than some alternatives.
With a rating of 9.4/10, it ranks among the stronger options available.
Best For: Multiple Loan Options
Response Time: 24-48 hours
