Lendini Review

Home Business Loan Reviews Lendini Review

*Lendini is no longer in Lendio’s marketplace. For alternative options, see more lenders here.

Lendini

Funding amount

Up to $350,000

Term

Up to 7 months

Min. credit score

470

Time to funding

As soon as 24 hours

Lendini is an online lender that provides revenue-based financing to businesses who might not qualify for traditional loan products. The company evaluates your business financials with forecasting technology to create an offer and some criteria–like time in business and credit score–are incredibly lenient.

Pros

  • Quick funding time
  • Great for startups
  • Low credit score requirement

Cons

  • Daily or weekly payments
  • Potentially costly factor rates

Lendini

Apply through Lendio How it works

Funding amount

Up to $350,000

Term

Up to 7 months

Min. credit score

470

Time to funding

As soon as 24 hours

Lendini is an online lender that provides revenue-based financing to businesses who might not qualify for traditional loan products. The company evaluates your business financials with forecasting technology to create an offer and some criteria–like time in business and credit score–are incredibly lenient.

Pros

  • Quick funding time
  • Great for startups
  • Low credit score requirement

Cons

  • Daily or weekly payments
  • Potentially costly factor rates

Loan offerings through Lendini.

Lendini’s revenue-based financing option is a standout choice for businesses looking for flexibility and speed in their funding. Unlike traditional loans with fixed payments, revenue-based financing aligns your repayment schedule with your business’s cash flow. This means your payments to Lendini will vary based on your monthly revenue—during slower periods, you pay less, and during busier times, you pay a bit more. It’s a dynamic solution that grows and shrinks with your business, offering a cushion that traditional financing options might not.

Lendini revenue-based financing quick facts
Loan amount range$5,100 to $350,000
Time in business8 months
Minimum credit score470
Minimum monthly revenue$5,000
Repayment scheduleWeekly
FeesVaries by loan amount
Funding speed24 hours or less

See if your business is eligible for financing.

How much money are you looking for?

Things to consider.

24-hour funding.

Expect a fast application process when you apply for financing with Lendini. You can expect an approval decision within just 3 hours. Funding can be delivered as early as the next day, so that you get the money you need within 24 hours.This is about as fast as you can expect when working with any type of business lender. 

Broad financing range.

Businesses of all sizes can get a corresponding amount of financing with Lendini, thanks to revenue-based financing ranging from as little as $1,000 all the way up to $250,000. While that maximum may not be enough for large companies wishing to make a major purchase or expansion, it presents a wide range that caters to many smaller companies.

Typical factor rate and fees.

Lendini’s factor rates usually range from 1.30 to 1.50.

Origination fees vary by the financing amount.

Financing AmountOrigination Fee
Up to $7,500$395
$7,501 to $10,000$495
$10,001 to $25,000$595
$25,001 to $50,000$895
$50,001 and up2% 

Relaxed approval requirements.

Lendini provides straightforward expectations on how to qualify. The good news is that the requirements are fairly relaxed for both the business and the owner.

First, the minimum credit score required to receive funding through Lendini is just 470–that’s one of the lowest we’ve seen among lenders and financing companies. In addition, Lendini’s minimum required time in business is short at just 8 months. In terms of monthly revenue, you’ll need to be bringing in at least $5,000, for a total annual revenue of $60,000. That’s still on the flexible side, especially considering the other requirements.

Frequent repayment schedule.

Lendini is repaid by deducting a percentage of your future revenue. Payments are deducted from your business account or credit card processor on a weekly basis. While it’s not as strict as daily payments, it could still restrict your company’s cash flow. Be sure that your financials are strong enough to handle these frequent payments before you sign up.

Evaluation

Lendini is best for:

Where Lendini might fall short:

The bottom line.

Lendini represents a progressive and accessible option for businesses that face challenges securing traditional financing. Its rapid approval and funding process, coupled with the low barrier to entry in terms of credit scores and business age, positions it as a pivotal resource for startups, smaller enterprises, and those in immediate need of capital. However, the potential high cost of capital and the frequency of repayments necessitate a thorough evaluation of your business’s financial health and cash flow stability before proceeding. 

Ready to compare Lendini with other financing options? Check your eligibility and get multiple financing offers for your small business in one place.

*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (October 20, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.

Fueling the
American Dream

$12,000,000,000+

DOLLARS FUNDED THROUGH LENDIO

74+

LENDERS IN Lendio’s NETWORK

300,000+

LOANS FUNDED

Quickly compare loan offers from multiple lenders.

Applying is free and won’t impact your credit.

Talk to a rep at (855) 853-6346

Mon–Fri | 7:30am–5pm MST

Find the loan type best fitted for your business.