Lendio Review
With 75+ lenders in Lendio marketplace, they have no shortage of financing options. Lendio pairs an abundance of options with a faster, easier loan application process. Their simple, online application takes 15 minutes, and borrowers can receive financing as little as 24–72 hours after being funded.
  • Applying is free and won’t impact your credit
  • Fast and easy loan application process
  • Multiple Lenders
  • Quickly Compare Loan Offers
  • Loan amount: $25,000 - $500,000
  • Loan term: 12 - 60 months
  • APR: 6 - 60%
  • Minimum credit score: -


It takes a little cash flow to change the world. But banks reject 80% of small business loan applicants, who end up trading their big ideas for ordinary ones because they can’t get the funding they need. Lendio is creating a new reality for small business owners. They are helping them get loans that back up their ambition so they can be more than just entrepreneurs – they can be visionaries and craftsmen, warriors and rebels. They can be the very builders of American dreams.

How it works:

  1. Fill out the 15-minute online application. It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.
  2. Receive matches. Lendio pairs you with loan options from their network of 300+ lenders. Their dedicated funding managers can help you weigh the pros and cons of each option.
  3. Get funded. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.


  • Personal background information such as previous addresses, names you have used, criminal record, and your education history

  • Your resume, because banks often want to know your experience related to running a business before taking a chance on you

  • A business plan, including profit and loss, proof of cash flow, and the balance sheets from your business

  • A credit report from all three major consumer credit reporting agencies

  • Personal and business tax returns for the past three years

  • Signed personal financial statements (if you own more than a 20% stake in your company)

  • Projected financial statements

  • Personal and business bank statements for the past year

  • Documentation of the cost or value of the personal or business property you would put up as collateral if necessary

  • Legal documents including business licenses and registrations required for you to conduct your business, articles of incorporation, copies of contracts you have with any third parties, franchise agreements, and commercial leases

Representative example

Loan Amount $30,000, Period: 36 months, Monthly repayment: $968.02, Total amount repayable $34,848.72, APR: 10%

NB! The actual loan amount, term, and APR amount of the loan may vary based on credit determination and state law.

Additional information
Legal address:

4100 Chapel Ridge Road
Suite 500
Lehi, UT 84043

Phone number:

(855) 853-6346

Office hours:

Monday - Friday | 9am - 9pm ET