Lendio Review: Revolutionizing Small Business Financing with a Streamlined Loan Marketplace


Navigating the world of small business financing can be a daunting task. With countless options, complex terms, and varying interest rates, it’s easy to feel overwhelmed when trying to secure funding for your business. That’s where Lendio (www.lendio.com) comes in. Formerly known as Funding Universe, Lendio is a free online loan marketplace that aims to simplify the process for small business owners in the United States. In this blog post, we’ll introduce you to Lendio, discuss its features, benefits, and how it can help you find the best financing solution for your business.

What is Lendio?

Lendio Review: Revolutionizing Small Business Financing with a Streamlined Loan Marketplace

Lendio is an online platform that connects small business owners with a vast network of lenders, providing access to various loan products such as SBA loans, term loans, lines of credit, equipment financing, and more. By aggregating multiple lenders in one place, Lendio streamlines the loan application process, saving business owners time and effort.

Lendio’s platform reviews metrics including the business’s financial projections, use of funds, industry, and monthly revenue to find loans option for borrowers. The platform uses a series of questions to predict which loan type will most likely match a business owner’s qualifications. Each borrower is also assigned a funding manager to answer questions through the entire process. Lendio’s online application process takes an average of 15 minutes to complete, compared with an average 25 hours filling out traditional lending applications. Small business owners are offered financing options including credit cards, lines of credit, short-term specialty loans and long-term traditional loans.


How does Lendio work?

To get started with Lendio (www.lendio.com), you’ll need to create a free account and fill out a straightforward online application. The application requires information about your business, financials, and the purpose of the loan. Once your application is submitted, Lendio’s algorithm matches your business with suitable lenders from its network. You’ll then receive personalized loan offers, which you can compare and choose the one that best fits your needs.

Lendio’s vast network of lenders

Lendio partners with over 75 lenders, including major banks, credit unions, and alternative lending institutions. This extensive network ensures that you’ll have access to a diverse range of loan products and competitive interest rates. Whether you’re looking for a short-term loan to manage cash flow or a long-term loan for a significant investment, Lendio’s platform can connect you with the right lender for your needs.

Expert guidance and support

One of the standout features of Lendio is the personalized guidance and support it offers to small business owners. Once you submit your application, you’ll be assigned a dedicated funding manager who will guide you through the entire loan process. Your funding manager will help you understand the loan offers, negotiate terms, and even assist with the paperwork.

Lendio’s loan products

Lendio offers a comprehensive range of loan products to cater to the diverse needs of small businesses. Some of the most popular loan options available through the platform include:

  • Small Business Administration (SBA) loans
  • Business term loans
  • Business lines of credit
  • Equipment financing
  • Commercial mortgages
  • Accounts receivable financing
  • Startup loans

Speed and efficiency

Lendio’s platform is designed to provide a quick and efficient loan application process. Its online application can be completed in just 15 minutes, and once submitted, you can expect to receive loan offers within 72 hours. The speed at which Lendio connects businesses with lenders is a significant advantage, especially for those in need of urgent financing.

No cost, no obligation

Lendio’s services are completely free for small business owners. The company earns revenue through referral fees from lenders, which means there is no cost to you for using the platform. Moreover, there is no obligation to accept any of the loan offers you receive. You are free to review and compare offers, and choose the one that best suits your business needs.

Trust and security

Lendio takes the security and privacy of its users seriously. The platform uses industry-standard encryption to protect your personal and financial information. Lendio is also accredited by the Better Business Bureau (BBB) and has consistently received high ratings and positive reviews from its users.

Educational resources

In addition to its loan marketplace, Lendio offers a wealth of educational resources to help small business owners make informed decisions about financing. The Lendio blog features articles on various topics, including business management, industry trends, and financing tips. The platform also offers webinars and e-books to further support small business owners in their financing journey.

Who can benefit from Lendio?

Lendio is designed to cater to the needs of small business owners across various industries, from retail and hospitality to construction and e-commerce. Whether you’re a startup looking for initial funding, an established business seeking to expand, or a company in need of a financial boost to overcome a temporary setback, Lendio can help you find the right financing solution.


Lendio is revolutionizing the small business financing landscape with its streamlined loan marketplace. By connecting small business owners with a vast network of lenders, offering personalized guidance, and simplifying the loan application process, Lendio is making it easier than ever for entrepreneurs to secure the funding they need to grow and succeed. If you’re a small business owner in search of financing, Lendio is a platform you should definitely consider exploring.

Author:Com21.com,This article is an original creation by Com21.com. If you wish to repost or share, please include an attribution to the source and provide a link to the original article.Post Link:https://www.com21.com/lendio-review.html

Like (0)
Previous April 26, 2023 5:20 pm
Next April 26, 2023 6:27 pm

Related Posts

  • How to Refinance Your Student Loans in 4 Steps

    Refinancing your student loans can be a great way to save money and reduce your monthly payments. It can also give you more freedom to choose the loan that best fits your needs. But where do you begin? This blog post will explain how to refinance your student loans in four simple steps. From researching different lenders to understanding the terms of your new loan, these tips will help you make the most of this important financial decision. Read on to learn more about how refinancing can help you lower…

    February 6, 2023
  • A Comprehensive Guide to Private Student Loans: Benefits, How to Apply, and More

    Paying for a college education can be a significant challenge, especially for students who do not have access to federal financial aid or other forms of funding. Private student loans can be a valuable solution for those who are looking to finance their education, but it’s important to understand the benefits and risks associated with these loans. This comprehensive guide to private student loans will provide an overview of the key features and considerations that you should keep in mind as you explore this option for funding your education. Whether…

    February 6, 2023
  • Unlocking Opportunities: A Student’s Guide to Negotiating a Better College Financial-Aid Package

    The cost of college education has been on a steady rise, making financial aid a critical factor in the decision-making process for many students. However, what many students and their families might not know is that financial aid offers are not necessarily set in stone; there’s room to negotiate a better package. Here’s a step-by-step guide to navigating this important process. Firstly, it’s crucial to understand what’s in your financial aid offer. Your aid offer may include a mix of grants, scholarships, work-study opportunities, and loans. Grants and scholarships are…

    June 5, 2023
  • How to Choose a Mortgage in a High Rate Environment

    Shopping for a mortgage is daunting at the best of times. But in today’s climate with soaring interest rates, locking in a long-term loan might feel like diving into the deep end. Fear not! With a bit of knowledge and guidance, you can navigate these waters and make an informed decision that’s right for you. 1. Fixed-rate vs. Adjustable-rate Mortgages What are they? Fixed-rate mortgage: A mortgage where the interest rate, and subsequently the monthly payments, remain consistent throughout the loan term. Adjustable-rate mortgage (ARM): A mortgage where the interest…

    5 days ago
  • Debunking the Myth: Why Paying Off Your Mortgage Early Could Be a Financial Misstep

    Introduction: Many homeowners dream of the day when they can make their final mortgage payment and finally own their home outright. While paying off your mortgage early can certainly provide peace of mind and financial freedom, it’s not always the best financial move for everyone. In some cases, it might even be a huge mistake. In this article, we will explore the reasons why paying off your mortgage early might not be the best decision for you. Why Paying Off Your Mortgage Early Might Be a Huge Mistake Opportunity Cost:…

    May 8, 2023
  • MaxLend Installment Loans: A Flexible and Reliable Financial Solution for Borrowers

    Introduction When you’re in need of quick cash to cover unexpected expenses or to simply get by until your next paycheck, finding a reliable solution can be crucial. Among the myriad of loan options available, Multi-Pay Installment Loans have become increasingly popular. In this blog post, we will explore and review MaxLend Installment Loans, a reputable provider of these loans. We will cover the advantages, benefits, and reasons for choosing MaxLend for your financial needs. What is a Multi-Pay Installment Loan? A Multi-Pay Installment Loan is a type of short-term…

    April 27, 2023
  • PersonalLoans.com: A Comprehensive Review of the Flexible and Trustworthy Personal Loan Platform

    Introduction Personal loans have become an increasingly popular solution for individuals seeking funds to cover various expenses, including home improvement projects, payday loans, debt consolidation, medical costs, or even unexpected financial emergencies. With numerous lenders and online platforms available, finding a reliable and versatile source for obtaining personal loans can be overwhelming. In this blog post, we will introduce you to PersonalLoans.com, a platform that caters to diverse financial needs, and discuss its advantages, benefits, and reasons to choose PersonalLoans.com for your personal loan requirements. Introducing to PersonalLoans.com PersonalLoans.com is…

    April 27, 2023
  • A Comprehensive Review: Empowering Financial Opportunities with BadCreditLoans.com

    Life, as we know it, can often throw curveballs in the form of unforeseen circumstances that require immediate financial assistance. In such scenarios, a healthy credit score can be a real savior, paving the way to secure quick loans. However, what if your credit score is less than stellar? BadCreditLoans.com is a platform designed to help those with poor credit scores secure personal loans quickly and efficiently. BadCreditLoans.com is a unique portal where those struggling with bad credit can connect with lenders willing to provide loans, despite the credit shortcomings….

    July 22, 2023
  • Learn How to Combine Multiple Loans into One Payment for Simplicity and Convenience

    Keeping track of multiple loans can be a difficult task. From keeping up with each loan’s payment schedules to deciphering which one has the best interest rate, managing multiple loans can quickly become overwhelming. Fortunately, it doesn’t have to be that way. By combining your loans into one payment, you can enjoy the convenience and simplicity of only having to make one payment a month instead of several. In this blog post, we’ll discuss exactly what you need to do in order to combine multiple loans into one payment. Read…

    February 19, 2023
  • Accelerating Your Auto Financing Journey: A Comprehensive Review of SuperMoney Auto Loans

    Introduction In today’s fast-paced world, owning a car is more than just a luxury; it’s a necessity. However, finding the right auto loan can be a daunting task. SuperMoney Auto Loans simplifies this process by offering a user-friendly platform to compare and select auto loans from multiple lenders. In this article, we’ll take an in-depth look at SuperMoney Auto Loans, its features, pros, cons, and everything else you need to know before using this service. Overview of SuperMoney Auto Loans SuperMoney Auto Loans is a comprehensive platform designed to help…

    March 21, 2023

Leave a Reply

Your email address will not be published. Required fields are marked *


  • Com21.com
    Com21.com April 26, 2023 6:00 pm

    Founded in 2011, Lendio facilitated its first loan in Q4 2013. In 2014, it coordinated $12.4 million in funding to more than 400 small business owners. By 2015, the company had expanded to $128 million in financing, helping more than 5,100 small business owners in all 50 states.

    In October 2016, Lendio raised $20 million in funding from Comcast Ventures and Stereo Capital with participation from existing investors Napier Park, Blumberg Capital, Tribeca Venture Partners, and North Hill Ventures. By 2016, it had delivered over $250 million in total funding to more than 10,000 small businesses.

    In Q2 2018, Lendio reported 90% year-over-year revenue growth. In October 2018, Lendio announced it had serviced $1B of total loans to over 51,000 small businesses across the country, providing $3.8B in economic output.

    In Q1 2020, Lendio announced it had secured $55M in a Series E Funding Round.

    In the first month of the Paycheck Protection Program during the COVID-19 pandemic, Lendio onboarded hundreds of lenders to help facilitate what would eventually amount to $8 billion in loan approvals for over 100,000 businesses.