Lendio
loan-marketplace · USLendio operates as the LendingTree of small business lending — a marketplace that connects borrowers with multiple competing lenders through a single application. Business owners complete one application and Lendio's platform matches them with offers from its network of 75-plus lenders including banks, credit unions, and alternative lenders. This competitive marketplace dynamic helps borrowers identify better terms than they might find by approaching lenders individually. Lendio covers the full range of business financing products including SBA 7(a) loans, SBA 504 loans, term loans, business lines of credit, equipment financing, invoice factoring, commercial real estate loans, and merchant cash advances. The platform has facilitated over $12 billion in funding to more than 300,000 businesses since 2011. Lendio earns referral fees from lenders when loans close — the service is free to borrowers. Business loans are subject to approval — verify current offers directly with matched lenders.
Quick Answer
Lendio is designed for smb businesses. A free tier is available. Best suited for US-based businesses. Single application generates multiple lender offers — saves significant time versus applying individually
Pricing
// verify pricing before launch — prices shown may not reflect current vendor rates
Key Features
- •75-plus lender network — one application generates multiple competing offers
- •SBA 7(a) and SBA 504 loan facilitation
- •Term loans, lines of credit, equipment financing, invoice factoring, MCA
- •Commercial real estate loans
- •Free to borrowers — revenue from lender referral fees at closing
- •Dedicated funding manager to guide application process
- •Over $12 billion funded to 300,000-plus businesses
- •Loan matching based on business profile and credit
Pros
- +Single application generates multiple lender offers — saves significant time versus applying individually
- +Broadest loan type coverage of any marketplace — SBA, term, line, equipment, invoice, MCA, commercial real estate
- +Free to borrowers — no application fees or broker fees
- +SBA loan facilitation with dedicated support is genuinely valuable for first-time SBA applicants
- +75-plus lender network includes banks and credit unions alongside alternative lenders
- +Over $12 billion funded demonstrates established lender relationships and marketplace depth
Cons
- −Referral fee model means lender prominence may reflect commission rates not just best terms
- −Submitting application generates contact from multiple lenders simultaneously
- −Not all lenders participate — some competitive offers may not appear in marketplace
- −Loan terms ultimately set by individual lenders not Lendio
- −US only
- −Business loans subject to approval — verify current offers directly with matched lenders
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Compare Lendio with other tools
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Compare NowReviewed by Finatune · Last updated 2026-07-01