Lendio eliminates the complexity of small business financing. One application opens the door to 75+ lenders — and the right loan for your business.
Transparent, step by step. No surprises, no hidden steps. Here's exactly what the Lendio process looks like.
Visit lendioloansapp.com and fill out one streamlined application form. Lendio asks about your business basics — how long you've been operating, your industry, monthly revenue, and what you need the funds for. The entire process takes approximately 15 minutes and can be completed on any device.
A soft credit check is performed during this stage. Unlike a hard inquiry, soft checks do not appear on your credit report and have zero impact on your credit score. This means you can explore your financing options completely risk-free.
Total time to complete the application from start to submit
No impact to your credit score during the application process
Complete from your phone, tablet, or computer from anywhere
Once you submit, Lendio's proprietary AI matching algorithm immediately analyzes your business profile against thousands of recently funded deals and the current criteria of 75+ lenders. Within minutes, the system identifies which lenders are most likely to approve your application — and at what terms.
This matching process is what sets Lendio apart from applying to individual banks. Instead of spending weeks submitting separate applications and receiving rejection letters, you get a comprehensive view of your options in one place — and Lendio's system only shows you lenders you have a real chance of qualifying with.
Machine learning analyzes your profile against real funded deals
Only matched with lenders whose criteria align with your profile
Matching happens in real time immediately after you submit
After matching, a dedicated Lendio funding specialist contacts you — typically within a few hours — to discuss your financing needs and walk you through your loan offers. Unlike a call center experience, your funding manager is a knowledgeable professional who understands small business finance.
You'll compare offers side by side: interest rates, factor rates, repayment terms, monthly payment amounts, origination fees, and prepayment penalties. Your funding manager answers questions, explains the trade-offs, and helps you select the option that makes the most financial sense for your specific situation.
Dedicated specialist assigned to your file for the entire process
Compare all offers clearly — rates, terms, fees, and payments
Expert guidance without sales pressure — your choice, your timeline
Once you've selected a loan offer, the chosen lender will review your application and may request additional documentation for final underwriting. Common requests include recent bank statements, tax returns, proof of business registration, or financial statements depending on the loan type and amount.
Your Lendio funding manager stays involved throughout this stage, helping you organize documents and communicate with the lender. For many short-term products, this process takes just a few hours. For SBA loans, expect a more thorough review process that may take several weeks.
Your funding manager helps you organize and submit required documents
Chosen lender reviews final application for formal approval
Review and sign your final loan agreement with full disclosure of all terms
After final approval and signing your loan agreement, funds are deposited directly into your business bank account. The speed of funding depends on the loan type: merchant cash advances and short-term loans can arrive in as little as 24 hours, while equipment loans typically fund within a week, and SBA loans may take several weeks to complete.
Once funded, Lendio's involvement in the day-to-day loan management is complete — repayments are made directly to your lender according to the agreed schedule. However, Lendio's team remains a resource if you have questions or need additional financing in the future.
Short-term products can fund within one business day of approval
Funds transferred directly to your business bank account
Return to Lendio when your business needs additional capital to grow
From your first application to funded — here's a realistic timeline of what most applicants experience.
Complete the 15-minute online application. Immediately after submitting, Lendio's AI begins matching your profile with qualified lenders. You receive a confirmation email.
Your dedicated funding specialist contacts you by phone or email to introduce themselves, confirm your needs, and let you know what loan offers are available.
With guidance from your funding manager, you compare your matched loan offers and select the product that best fits your business needs, budget, and timeline.
Submit any additional documents requested by your chosen lender. For most short-term and medium-term products, final approval happens within 1–3 business days.
Funding is deposited directly into your business bank account. Many short-term products fund within 24–48 hours of final approval. Equipment loans and term loans typically fund within 5–7 business days. SBA loans may take 2–6 weeks for the full process.
Lendio offers access to 8+ types of business financing. Find the right option for your situation.
The most common questions about how the Lendio business loan process actually works, from start to funded.
Now that you know how it works, take the first step. Apply in 15 minutes — free, with no impact to your credit score.