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🏢 Small Business Loans

Lendio Small Business Loans — $5,000 to $2 Million

One application opens the door to 75+ lenders competing for your business. Compare loan offers side by side — rates, terms, payments — and get funded in as fast as 24 hours.

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$5K–$2M
Loan Amount Range
600+
Min. Credit Score
1–3 days
Funding Speed
$0
Cost to Apply
Small business owner reviewing Lendio small business loan options
What Is a Small Business Loan?

The Capital You Need to Grow Your Business

A small business loan is a sum of money borrowed by a business owner and repaid — with interest — over a defined period. Business loans are used to fund almost any legitimate business need: from expanding your location to buying inventory, hiring staff, or bridging a cash flow gap.

Through Lendio's marketplace, you don't apply to one bank and wait. You submit one application and receive competing offers from up to 75+ lenders — helping you find the lowest rate, best terms, and fastest funding for your specific situation.

  • Lump-sum capital deposited directly to your bank account
  • Fixed monthly payments — easy to plan and budget around
  • Use funds for any legitimate business purpose
  • Multiple loan types available to match your needs
  • Dedicated funding manager helps you pick the right product
Eligibility

Do You Qualify for a Lendio Small Business Loan?

Lendio works with lenders across the full credit spectrum. Here are the general baseline requirements.

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6 Months
Minimum time in business (some products accept 3 months)
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$8,000/mo
Minimum monthly revenue for standard products
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600+
Recommended credit score for most term loan products

Don't meet every requirement? Lendio's network includes lenders who specialize in businesses that traditional banks turn away. Apply free to find out what you qualify for — zero risk to your credit score.

Apply Free — No Credit Impact →
Common Uses

What Can You Use a Small Business Loan For?

Small business loans can fund virtually any legitimate business expense. Here are the most common uses Lendio customers fund each year.

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Business Expansion

Open a second location, renovate your current space, or upgrade your facility to serve more customers and increase revenue capacity.

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Inventory & Stock

Buy bulk inventory at discounted rates, stock up for a busy season, or build your product catalog without draining your operating cash.

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Hiring & Payroll

Fund the cost of recruiting, onboarding, and paying new employees while you scale your team to match growing business demand.

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Marketing & Advertising

Invest in digital marketing, paid ads, brand awareness campaigns, or trade show appearances to grow your customer base.

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Technology & Software

Upgrade your point-of-sale systems, implement new business software, or modernize your operations with technology investments.

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Debt Refinancing

Consolidate high-interest business debt into a single lower-rate loan, improving monthly cash flow and reducing total interest costs.

All Industries Welcome

Lendio Small Business Loans for Every Industry

Lendio's network includes lenders who specialize in financing businesses across all major industries.

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Restaurants & Food

Equipment, inventory, renovations

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Retail & E-Commerce

Inventory, store upgrades, online growth

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Construction & Trades

Equipment, payroll, project financing

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Healthcare & Medical

Equipment, staffing, practice expansion

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Transportation & Logistics

Vehicles, fleet expansion, fuel costs

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Beauty & Personal Care

Salon upgrades, equipment, inventory

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Real Estate & Property

Investment properties, renovations

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Professional Services

Office upgrades, software, staffing

Common Questions

Small Business Loan FAQs

Most traditional business term loans through Lendio's network recommend a minimum personal credit score of 600. However, scores as low as 550 may qualify for short-term products like merchant cash advances. Higher credit scores (680+) unlock access to SBA loans with the lowest rates. Lendio matches you with lenders based on your full financial profile, not just your credit score.
Through Lendio, small business loans range from $5,000 to $2,000,000 for standard term loan products, with SBA loans reaching up to $5,000,000. The amount you qualify for depends on your monthly revenue, time in business, credit score, and the specific loan type. Your Lendio funding manager can help you determine a realistic target loan amount before you apply.
For short-term business loans and lines of credit, many Lendio applicants receive funding within 24–72 hours of final approval. Medium-term loans typically fund within 5–7 business days. SBA loans involve a more thorough review process and typically take 2–8 weeks. Your funding manager can identify the fastest options for your situation from the start.
Collateral requirements vary by loan type and lender. Many short-term business loans through Lendio are unsecured (no collateral required), particularly for smaller amounts under $150,000. Larger loans and SBA products may require a personal guarantee or specific collateral. Equipment financing uses the purchased equipment itself as collateral. Your funding manager will be transparent about collateral requirements before you commit to any offer.
The Lendio Process

How Lendio Small Business Loans Work

Lendio's marketplace simplifies small business lending into three straightforward steps — no branch visits, no weeks of waiting, no guesswork.

1

Apply in 15 Minutes

Complete one online application with basic details about your business — revenue, time in business, loan purpose, and amount needed. Lendio performs a soft credit check only, so your score stays protected throughout this stage.

  • ✓ No hard credit inquiry
  • ✓ Any device, any time
  • ✓ Free to apply
2

Compare Lender Offers

Lendio's AI instantly matches your profile with 75+ vetted lenders. A dedicated funding manager contacts you within hours to walk through your loan offers side by side — rates, terms, fees, and monthly payments — with no pressure.

  • ✓ Multiple competing offers
  • ✓ Personal funding manager
  • ✓ Clear fee disclosure
3

Get Funded Fast

Choose the offer that fits your business. After final approval and signing, funds are deposited directly into your business bank account. Short-term products can fund in as little as 24 hours. SBA loans typically take 2–6 weeks.

  • ✓ As fast as 24 hours
  • ✓ Direct to your bank
  • ✓ No hidden surprises
Why Lendio Wins

Lendio Small Business Loans vs. Traditional Bank Loans

Before you walk into a bank, understand how Lendio stacks up on every factor that matters to a small business owner.

Factor Lendio Marketplace Traditional Bank
Application Time 15 minutes online Days to weeks
Lenders Compared 75+ simultaneously 1 at a time
Credit Check (Initial) Soft only — no impact Hard pull immediately
Min. Time in Business 6 months 2+ years typically
Min. Loan Amount $5,000 Usually $50,000+
Funding Speed As fast as 24 hours Weeks to months
Application Fee Free Sometimes $0–$500+
Dedicated Advisor ✓ Personal manager Varies
Understanding Rates

What Interest Rates Can You Expect on a Lendio Small Business Loan?

Rates vary by loan type, lender, credit profile, and business financials. Here's a realistic range for each product available through Lendio.

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SBA Loans

Prime +2.25%

Lowest rates available. Best for established businesses with 2+ years history and strong credit (650+).

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Term Loans

6–30% APR

Wide range depending on credit score and business revenue. Stronger profiles get the lowest rates.

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Lines of Credit

8–25% APR

Pay interest only on what you draw. Flexible for ongoing cash flow needs and seasonal businesses.

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Equipment Loans

4.99–20% APR

Equipment as collateral means better rates. Available for most business types and equipment categories.

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MCA / Short-Term

15–80%+ APR

Highest cost — fastest approval. Best used as a short-term bridge, not long-term financing.

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Invoice Factoring

1–5% / 30 days

Not traditional APR — you sell invoices at a discount. Approval based on your customers' credit, not yours.

Lendio shows you the actual rate, term, total cost, and monthly payment for every offer — before you commit to anything. No surprises, no hidden fees.

People Also Ask

More Questions About Lendio Small Business Loans

Through Lendio's marketplace, small businesses can borrow from $5,000 up to $2,000,000 for standard term loans, with SBA loans reaching up to $5,000,000. The amount you qualify for depends on your monthly revenue, credit score, time in business, and the specific loan type. A general rule of thumb: most first-time borrowers qualify for up to 10–15% of their annual gross revenue.
Credit requirements vary by loan type. Merchant cash advances and short-term loans are available for scores as low as 500–550. Standard business term loans typically require 600+. SBA loans usually require 650–680 or higher. Lendio's AI matching system automatically filters your profile against each lender's criteria and only shows you offers you have a realistic chance of qualifying for.
The timeline depends on the loan type. Merchant cash advances and short-term loans can fund in as little as 24 hours. Standard term loans and lines of credit typically fund in 3–7 business days. SBA loans involve more extensive underwriting and typically take 2–6 weeks from application to funding. Your Lendio funding manager will help identify the fastest option for your situation from day one.
Yes — Lendio's network includes lenders who work with credit scores as low as 500. However, lower credit scores typically come with higher interest rates, shorter terms, and smaller loan amounts. Strong monthly revenue can compensate for lower credit. If your credit score is below 600, your Lendio funding manager will be upfront about which products are realistic options for your current profile.
It depends on the loan type. Many short-term loans and lines of credit through Lendio are unsecured — no collateral required. Equipment loans use the equipment as collateral. SBA loans may require a personal guarantee and collateral for larger amounts. For most loans under $150,000, collateral is typically not required. Your funding manager will clearly explain any collateral requirements before you commit.
The initial Lendio application requires only basic business information — no documents needed upfront. If you receive an offer and choose to proceed, the lender will typically request: 3–6 months of business bank statements, a government-issued ID, your EIN (Tax ID), business registration documents, and for larger loans, tax returns and financial statements. Your Lendio funding manager helps you prepare and submit everything.
🚀 Apply in 15 Minutes

Ready to Fund Your Small Business?

One free application. 75+ lenders. No impact to your credit score. Funding as fast as 24 hours.

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