Lendio Review

Name: Lendio
Brand: Lendio
Rating: 4.8 (1 reviews)

One application, 75+ lenders compete

Researched and fact-checked by the BusinessShop Research Team Last reviewed August 2026 Next review: February 2027

9.5/10 Ranked #2 of 9 in Business Loans

Check your rate Takes you to lendio.com

Quick facts

Loan Amount: $1K – $5M
Time in Business: 6+ months
Monthly Revenue: $8K+
Min. Credit Score: 600

Customer reviews

Trustpilot

4.7 ExcellentBased on 21,837 reviews

5-star90%
4-star5%
3-star1%
2-star1%
1-star3%

Excellent service
Our contact at Lendio, Desiree Escalante, provided excellent service. She was clear in her communications, responded quickly when we wrote her, and helped guide us through the process to a successful closing.
Rick · June 2026
Patient and diligent
Started with Mitchell who quickly scoped out options for my complex funding needs. Then Desiree was unbelievably patient, diligent, detailed and very encouraging to guide me through a trying process.
Dianne K. · June 2026

Ratings and reviews sourced from Trustpilot.

Our verdict

Bottom line: Lendio is a marketplace, not a lender: one application surfaces real offers from 75+ banks and online lenders so you can compare and choose.

Pros and cons

Pros

Widest lender network we compared
Soft pull to see offers
Human guidance at no cost

Cons

Offers vary by lender
Some products carry origination fees

Who Lendio is best for

Comparing multiple offers fast.

One application surfaces offers from 75+ lenders
Term loans, lines of credit, SBA and equipment financing
Dedicated funding manager, no cost to compare

How Lendio compares

Our current top pick for business loans is Biz2Credit. Here is how they line up:

Measure	Lendio	Biz2Credit
Editorial score	9.5/10	9.6/10
Loan Amount	$1K – $5M	$25K – $6M
Time in Business	6+ months	6+ months
Monthly Revenue	$8K+	$20K+

See the full business loans comparison for everything we measured.

How we chose

Every business loans provider here gets the same treatment: the BusinessShop research team scores it on five weighted factors, the weights are published, and no provider can pay to move up. Commissions never touch the math.

30% Pricing & value
25% Product quality
20% Customer experience
15% Reputation
10% Flexibility

Read the full methodology →