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.

Frequently Asked Questions

You have questions, we have answers.

  • Why Should I Choose Lendio?

    Well, we’re the nation’s largest small business loan marketplace. That’s right, we offer more loan options than anyone else.

    And because we’re committed to quality even more than quantity, we feature only the best small business lenders in our marketplace. That includes American Express, Bank of America, Chase, OnDeck, Kabbage, and more.

    We also have a 15-minute online application and a proprietary algorithm that matches you to the best loans for your small business – and a team of personal funding managers who can walk you through your options and help you choose the perfect one.

    Which means that getting a small business loan through Lendio is sooo much easier than applying through traditional lenders. In fact, while banks deny 80% of small business owners, we find financing for more than 65% of our applicants.

    Did we mention that you can do all of this from the comfort of your office, or even your couch? You don’t even have to put on your shoes to get a small business loan through Lendio.

    So the real question is: what are you waiting for? You could have a small business loan 15 minutes from now. We’re here whenever you’re ready to apply…

  • Are you a direct lender?

    Nope, we don’t fund any loans so we’re not a lender. We’re an online lending marketplace, which means that we’re simply the bridge between borrowers and lenders. We connect small business owners like you to loan options from our nationwide network of 75+ lenders.

    Think of us as the Amazon Prime of small business loans. You shop, then we deliver.

  • What’s an online lending marketplace?

    Online marketplaces are everywhere these days – there’s Amazon, Overstock, Etsy, Alibaba, Bonanza, Expedia, and the grandfather of all online marketplaces, eBay.

    The coolest thing about using an online marketplace is the convenience – it’s a fast, easy way to compare options, find a good deal, and get what you need.

    Our online lending marketplace is no different. Completing our application gives you access to a variety of small business loan options and lenders. This saves you the hassle of going from bank to bank and offers you a simple way to find your best financing solution. Because shopping online is pretty cool but getting a small business loan online is even cooler.

  • How long have you been in business?

    We’re no spring chickens – we’ve been helping small business owners since 2011.

    It all started when we noticed how hard it was for small business owners to find the loans they needed to start and grow their businesses. Which was a pretty ridiculous problem, considering that 99% of all American companies are small businesses.

    Ever the problem-solvers, we created a solution: Lendio. Flash forward a few years and we’ve helped more than 30,000 small business owners get more than $750 million in loans. So you can feel comfortable knowing that you’re getting expert guidance when you come to Lendio.

  • How much do your services cost?

    There’s absolutely no charge for you to apply through Lendio and browse our small business loan options. As with any loan, you will pay an interest rate or fixed fee, but that money goes to your lender, not us.

Have more small business loan questions? Find all the answers in our Business Q&A.

Get your small business loan today.

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