Feb 23, 2021

PPP vs. Marketplace: Which One Do You Need?

You know you need a loan, but you’re not sure which application to use. Let us help you understand the difference between the Paycheck Protection Program (PPP) and the Lendio marketplace so you can choose the application and the experience that best suits your needs. 

The Paycheck Protection Program (PPP)

PPP is a potentially-forgivable government loan program to help support small businesses that have experienced a revenue reduction due to the COVID-19 pandemic. The program has broad requirements, allowing a wide swath of US small businesses to qualify. 

What Kind of Loan Can You Secure?

When you apply with the PPP application, you apply for the PPP loan only. Borrowers can qualify for a loan of up to 2.5 times their monthly payroll expenses to use toward payroll, mortgage interest, rent, and utilities. 

How to Apply for PPP

You can apply for a PPP loan using the PPP application

More Questions? 

We’ve got you covered with a variety of robust resources covering the ins and outs of PPP. 


The Lendio marketplace allows you to compare offers from our network of 75+ lenders. You can apply for a variety of financing options depending on the amount of capital you need and what you need the funds to do. Important: you cannot apply for PPP through the marketplace application. 

What Kind of Loan Can You Secure?

With 10+ loan products from 75+ lenders, there’s a vast array of financing options. Some of the most common include: 

When to Apply Through Marketplace

If you need funds for uses other than payroll, mortgage interest, rent, and utilities, the Lendio marketplace can help you find a loan product more suited to your needs. If you’ve already received your PPP loan and you still need additional funding, marketplace may have options to help you supplement your working capital needs. 

How to Apply to Marketplace

You can apply using the Lendio marketplace application


Lendio strives to provide you with the most current information as it relates to the Paycheck Protection Program, related SBA programs, and relevant regulations. The rules and regulations governing these programs are being regularly clarified by the SBA, and other agencies. In some cases, the provided guidance may directly conflict with other competing guidance, laws, rules, or regulations. Due to these changes, Lendio cannot guarantee that the information contained in this page reflects new changes or updates.
Lendio advises you to review the SBA guidelines and regulations on your own and determine your Company’s best approach to receiving SBA loans. Lendio urges you to consult your own attorneys, lawyers, and consultants to make the best decision possible. The information contained herein should not be construed as legal or tax advice, and should not be relied upon as such.

About the author

Lendio's team of experts is here to help you with every nook and cranny of your business. We'll make sure you have the best advice for financing, operations, management, hiring, and much more.


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