The Paycheck Protection Program ends on August 8, 2020. We will stop sending applications to lenders on August 7, 2020 at 10:00 PM EDT/8:00 PM MDT. We anticipate that an extension to the deadline for the Paycheck Protection Program may pass in the coming days. Lendio will continue to accept applications in the interim and, if Congress passes an extension, Lendio will submit your application to our lenders when the Paycheck Protection Program resumes.
The Best Lenders for Small Business Loans in 2020

Feb 7, 2020

The Best Lenders for Small Business Loans in 2020

Finding the best lender is like digging through a bag of trail mix. You have to dodge a lot of mediocre alternatives to obtain the M&Ms. But the decadent, chocolatey reward is oh-so-worth the effort.

Instead of helping you sift through a bag of dried fruits and nuts, we’ve decided to comb through the pack and pull out all of the M&Ms for you (aren’t we sweet?). In this guide, we’re going to cover the best lenders for small business loans. Not the maybe-you-should-consider or might-have-potential lenders—we’ve only included the best-of-the-best.

Because you don’t really want to sort through a bunch of subpar options. You want the cream of the crop. We get it—that’s why our list is short and sweet.

Before we dive into the best lenders, let’s take a second to explain how to choose the best lenders and what makes a lender the “best.”

About the Author


Jesse Sumrak

Jesse Sumrak is a Social Media Manager for SendGrid, a leading digital communication platform. He's created and managed content for startups, growth-stage companies, and publicly-traded businesses. Jesse has spent almost a decade writing about small business and entrepreneurship topics, having built and sold his own post-apocalyptic fitness bootstrapped startup. When he's not dabbling in digital marketing, you'll find him ultrarunning in the Rocky Mountains of Colorado. Jesse studied Public Relations at Brigham Young University.

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