We help you shop the most small business loan options in the world for free. And our fast and easy application process and best-in-the-business personal funding managers make it a breeze to find the right loan.
Nope, we aren’t a lender. But we are partnered with the top lenders in the industry in order to help you get the capital you need. We’re just awesome like that.
An online lending marketplace is basically a one-stop shop where you can use the resources and partnerships of the marketplace to help you with all aspects of getting the loan you need.
Lendio offers American Express Merchant Financing, SBA Loans, Term Business Loans, Short Term Loans, Business Lines of Credit, Startup Loans, Equipment Financing…see where I’m going with this? The list goes on and on.
Personal loans rely heavily on credit score and personal income as decision drivers, while business loans have a broader range of criteria to evaluate such as time in business, industry, business income, and bank account activity. Also, they’re for businesses.
Credit is one factor among many that can affect qualifications for some loan products. But we only do soft credit pulls until you choose a loan in order to avoid affecting your credit while still providing you with relevant options for loan products and rates.
The most important factor for most business loans is the strength of the business. However, personal credit can be more important for startup options if you have little or no business history.
We can usually provide attractive options in 24-48 hours of receiving your completed application. Not to mention our magical online application will help you save time getting there!
We don’t charge anything until and unless you get funded. Once your chosen loan is funded, we get a loan origination fee.
Your credit, business income, and time in business will qualify you for loans that have varying terms and rates depending on your particular situation. Once you see which loans options are available, you’ll be able to answer that question more specifically.