Lendio has spent over a decade perfecting the small business lending experience. Here's what makes it the most trusted marketplace in America.
Exploring your financing options shouldn't cost you anything — or damage your credit in the process. Lendio is 100% free for business owners: no application fees, no subscription costs, no hidden charges.
During the application, Lendio performs only a soft credit inquiry, which does not appear on your credit report and has no effect on your credit score. You can check your options, compare offers, and take your time deciding — all without any financial risk.
The traditional approach to business financing means applying to one lender at a time — a slow, frustrating process with uncertain outcomes. Lendio's marketplace flips this model entirely.
Submit one application and receive loan offers from multiple lenders simultaneously. This gives you competitive offers to compare, increases your approval odds, and saves you weeks of time. Lendio's network includes some of the most recognized names in small business lending.
Unlike banks where you're a number in a queue, Lendio assigns every applicant a dedicated funding specialist — a real person who knows small business finance and is invested in finding you the right loan.
Your funding manager contacts you shortly after you apply, learns about your business and goals, and helps you navigate your loan offers without pressure or confusing jargon. They're your advocate throughout the entire process.
Lendio has been in business since 2011 — a proven, battle-tested platform that has survived multiple economic cycles and emerged as the leading small business loan marketplace in America.
Your data is protected with 256-bit bank-grade encryption. Lendio holds an A+ accreditation with the Better Business Bureau (since 2021) and a 4.7 out of 5 rating on Trustpilot based on over 21,500 verified reviews. This track record is the foundation of trust that 300,000+ business owners have relied on.
Three pillars of credibility that make Lendio America's most trusted small business loan marketplace.
Lendio has maintained an A+ accreditation from the Better Business Bureau since 2021 — the highest possible rating, earned through transparent business practices and effective complaint resolution. You can verify this rating directly at bbb.org.
Over 21,500 verified reviews on Trustpilot give Lendio a 4.7 out of 5 rating — with more than 90% of reviewers rating their experience as "Excellent." Real business owners, real experiences, independently verified.
All data transmitted through Lendio is protected with 256-bit SSL encryption — the same security standard used by major financial institutions. Regular third-party security audits ensure your information stays safe.
See how Lendio stacks up against going directly to a traditional bank for your small business loan.
| Feature | Lendio Marketplace | Traditional Bank |
|---|---|---|
| Application Time | ~15 minutes online | Days to weeks |
| Number of Lenders Compared | 75+ simultaneously | 1 at a time |
| Application Fee | ✓ Free | Often $0–$500+ |
| Credit Check Type (Initial) | ✓ Soft (no impact) | Hard pull immediately |
| Minimum Credit Score | 550+ (varies by product) | 680–720+ typically |
| Minimum Time in Business | 3–6 months | 2+ years typically |
| Funding Speed | ✓ As fast as 24 hours | Weeks to months |
| Dedicated Point of Contact | ✓ Personal funding manager | Varies by bank |
| Available Loan Types | 8+ product types | Limited selection |
| Loan Amounts Available | $1,000 – $5,000,000 | Usually $50,000+ |
Join 300,000+ business owners who found smarter financing through Lendio. It takes 15 minutes and won't affect your credit score.