Lendio Review 2026

Lendio is a leading online marketplace that matches small businesses with over 75 lenders. They offer one application to access multiple funding options including MCAs, term loans, lines of credit, and SBA loans.

What Lendio Offers

Lendio provides the following funding products for small and medium-sized businesses:

• Merchant Cash Advance
• Term Loan
• Line Of Credit
• Sba Loans
• Equipment Financing

• Amount: $5,000 - $2,000,000
• Factor Rates: 1.1 - 1.5
• APR Range: 7% - 99%
• Funding Time: Same day to 5 business days

Lendio Requirements

• Credit Score: 550+ personal credit score
• Time in Business: At least 6 months
• Monthly Revenue: $5,000+ minimum

Lendio Pros

• Access to 75+ lenders
• One application for multiple products
• SBA loan options
• Free marketplace service

Lendio Cons

• Not a direct funder
• May receive multiple calls from lenders
• Terms vary by lender

Who Should Use Lendio?

• Businesses with credit scores of 550 or above
• Companies with at least $5,000 in monthly revenue
• Businesses operating for 6+ months
• Those looking for Merchant Cash Advance or Term Loan

How to Apply

The application process is straightforward. You can apply directly through Lendio or through Velica Capital to compare multiple offers at once with no impact to your credit score.