Lendio is not a direct lender, but it has positioned itself as a powerhouse brand when it comes to help small businesses obtaining working capital through a vast network of legitimate lenders with different commercial loans options which range from $1,000 up to $1,000,000 with an average business loan per customer between $45,000 to $50,000. Lendio specializes in offering tailor-made loan options according to each business owner and circumstances which helps to increase his/her loan approval rate.

One of the main reasons why Lendio displays such a high approval rate – besides its tailor-made options – is because Lendio offers ALL types of business loans options within one single, but rich platform. After carefully analyzing Lendio’s main site and after using its online loan application, it is evident that borrowers not only do receive different loan offers, but different loan types as well so they can choose the best fit for their business (in terms of convenience, terms and rates).

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Lendio offers its services as a direct link between a borrower and multiple loan options throughout all the United States without exception.

Lendio Loan Options Review

Please note that Lendio does not perform as a direct lender or business loans broker. Once Lendio receives your loan request application, its web interface analyzes all submitted financial data (both business and personal) in order to calculate the borrower’s risk level. Then the results – bundled and pre-approved – are forwarded to banks, credit cooperatives, and private and alternative lenders to get a response along with an offer.

Even though Lendio does not offer a guaranteed loan approval, they have a very high approval rate (70% to 80%) along with a proven record of fast processing when compared to a regular financial entity which can take several days or even weeks.

Among the many types of commercial loans that borrowers have access through Lendio’s platform, you can find the following: tradional-term business loan, short-term business loan, business line of credit, startup loan, equipment financing, business financing, SBA loan, accounts receivable financing, merchant cash advance, commercial real estate, SBA 7a loan, SBA ARC loan, SBA 504 loan, acquisition loan, microloan, peer to peer loan, franchise loan, business loans for women.

  • All types of business loans
  • Loans from $1,000 to $1,000,000
  • Interest rates starts as low as 6%
  • Partners with thousands of lenders
  • Quick application and fast approval process
  • 70%-80% loan approval rate
  • Average loans $45,000 – $50,000
  • No collateral is required

To apply for a loan through the platform, consider the following:

  • 6+ months in business
  • $8,000+ Monthly gross revenue
  • Business articles of incorporation
  • 500+ minimum credit score
  • Proof of identity
  • Proof of address
  • 4 months of bank statements
  • Latest income tax form

All terms as well as rates vary drastically according to the loan type, amount of loan, borrower’s qualifications and chosen lender. Loan amount range from $1,000 up to $1,000,000 with rates from under 6% and as high as 36% for merchant cash advance options.
Lendio customer service team displays a high level of friendliness, professionalism, and knowledge. They are ready to help all borrowers and visitors with inquires with a friendly and courteous attitude.

Lendio is, without a doubt, a reliable source of business capital through commercial loans for small businesses in United States. If you have a business and you are in need of working capital to acquire equipment, advertising, or just because it is about time to take your business to the next level, Lendio’s services will fit your – and your business – needs like a glove due to their several loan options as well as their impeccable service. One of the reasons that Lendio is part of our ranking is because it has made it really easy for businesses to obtain financing in different levels.

Lendio offers several small business loan types up to $1,000,000 with incredibly fast approvals for all businesses with more than 6 months in business and $20,000 in gross monthly revenue.
9.8 Total Score
Reliable & Fast

Several loan types from $1,000 up to $1,000,000 for all businesses with more than 6 months in business and $8,000 in gross monthly revenue.

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Several loan types from up to $1,000,000 for all businesses with more than 6 months in business and $20,000 in gross monthly revenue.

Up to $1,000,000

Editor's choice 2014

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