Lender review
Lendio Business Loans, Reviewed
The largest business loan marketplace on this network, matching one application against 75+ lenders across 11 loan types.
Lender review
The largest business loan marketplace on this network, matching one application against 75+ lenders across 11 loan types.
Lendio has matched more than 400,000 businesses with financing since 2011 by running one application against a network of 75 or more lenders, including names like Bluevine, OnDeck, and Credibly. Its accessible floor, credit scores as low as 580 and just 6 months in business, means almost any business can find something in the network, though the actual rate, structure, and speed you land on depends entirely on which of Lendio’s partners you get matched with.
Lendio matches one application against a network of 75 or more lenders, covering 11 loan types from term loans and lines of credit to SBA loans and equipment financing.
What makes Lendio the largest marketplace on this network is scale. Rather than a handful of partners, its AI driven matching system runs your file against dozens of lenders simultaneously, then a dedicated funding manager follows up to walk you through the offers that came back and what each one actually costs.
Prequalify in minutes without affecting your credit score.
Exact rates and loan amounts vary by product and by applicant; see the product breakdown below for details on each one.
Lendio does not fund these directly. One application is matched against its network of 75+ lenders across 11 loan types.
| Term loans and SBA loans | Fixed amount financing matched through Lendio’s network of banks, credit unions, and SBA preferred lenders, including the SBA 7(a) and 504 programs. |
| Business lines of credit | Revolving credit matched through partners for ongoing or fluctuating cash needs, with credit scores as low as 580 considered. |
| Equipment financing | Financing tied to equipment purchases, matched to a partner lender based on the equipment type and cost. |
| Merchant cash advances and invoice financing | Revenue based and receivables based options for businesses that do not fit a traditional term loan structure. |
| Startup loans | Financing options for newer businesses without extensive credit history, a category most direct lenders on this network do not offer. |
Rate, term, and amount figures are set per applicant during underwriting.
Lendio publishes a general accessibility floor across its network, though your actual terms depend on the specific lender you are matched with.
Lendio’s network includes options for credit scores as low as 580, though stronger credit unlocks better priced products like SBA loans and bank term loans.
Most products in Lendio’s network require at least 6 months in business, with some options, like its startup loans, built specifically for newer businesses.
Lendio generally looks for at least $8,000 in monthly revenue for most of its matched products, verified through the documentation a partner lender requests.
Its AI driven system evaluates your business name, industry, time in business, revenue, and credit score range against its 75+ lenders and returns matches within minutes.
The application takes about 15 minutes, and Lendio assigns a dedicated funding manager once you are matched with lenders.
Fill out Lendio’s secure form with your business basics. This uses a soft pull and does not affect your credit score.
Lendio’s AI driven system matches your file against its network of 75+ lenders and returns relevant offers.
A dedicated funding manager contacts you to review your options, answer questions, and guide you toward a decision. Funds can arrive as soon as 24 hours after you accept an offer.
75+ lending partners give Lendio more breadth than nearly any other marketplace covered here.
75+ lending partners give Lendio more breadth than nearly any other marketplace covered here.
A published 580 credit score minimum opens the network to businesses that would not qualify with most direct lenders.
The initial match does not affect your credit score, so you can see real offers before a hard inquiry.
A 4.7 out of 5 rating from over 21,500 Trustpilot reviews is a meaningful sample size for a marketplace this size.
Your actual rate, terms, and funding speed depend entirely on which of Lendio’s 75+ partners you are matched with.
You will not see real pricing until you have submitted a formal application to a matched lender.
A large partner network means more calls and emails after you apply, a common tradeoff across marketplaces.
No. Lendio is a business loan marketplace that matches one application against a network of 75 or more lending partners, including banks, credit unions, and alternative lenders.
Lendio’s network includes options for credit scores as low as 580, though your exact requirement depends on which lender you are matched with.
Funding can arrive in as little as 24 hours for some online lender products, though SBA loans and other longer term products take weeks.
Through its network, Lendio matches businesses to 11 loan types, including term loans, lines of credit, SBA loans, equipment financing, merchant cash advances, invoice financing, and startup loans.
Lendio’s general floor is a 580 credit score, 6 months in business, and roughly $8,000 in monthly revenue, though specific requirements vary by the lender you are matched with.
No. The initial matching process uses a soft credit pull, which does not affect your credit score.
We score lenders on loan cost, eligibility and accessibility, funding speed, and customer experience, drawing on the lender's own disclosures, public complaint records, and third party review platforms. Ratings are reviewed monthly and reflect our independent analysis; lenders cannot pay for a better score.
Compare Business Loans Online may receive compensation from some lenders featured on this page when a business applies through our links. This does not affect our ratings, which are based on independent research, or which lenders we choose to review.