Alternatives

Lendio alternatives: compare what is actually published.

Lendio is explicit that it is not a lender. It publishes rate floors and no eligibility criteria at all.

✓ Checking what you qualify for does not affect your credit score.

What Lendio publishes

Quoted from Lendio’s own website. Where a figure carries a qualifier such as “as low as” or “average”, the qualifier is part of the quote.

What it isIts own site: "Lendio is not a lender and does not make credit decisions" and "does not make loans directly"

ProductsEleven, from AR financing and lines of credit through SBA, equipment, CRE and acquisition

AmountsLine of credit "$1k-500K"; term "$5k-2M"; equipment, CRE and acquisition "$5k-5M"; SBA "up to $5M"

RatesPer-product "as low as" floors: AR 3%, line of credit "8%-60%", short-term 8%, term 6%, revenue-based 18%, equipment 7.5%

Minimum credit scoreNot published

Minimum time in businessNot published

Minimum revenueNot published

Funding speed"Get funded in as little as 24 hours" (its own footnote adds "may be longer")

Lender network sizeHomepage says "more than 100 lenders"; its how-it-works page says "75+ lenders"

What we publish

Same categories, our figures, so the comparison is like for like.

Line of credit$10,000 – $350,000, 12–36 months, from 1% per month

Term loan$10,000 – $250,000, 12–18 months, 0% origination

Draw fee2.49% per draw, $10,000 minimum draw

Early payoffDiscounts at 30, 60 and 90 days. Term loan: 50% off remaining interest on a full payoff

Minimum credit score650 for line of credit or term loan, 600 revenue-based, 550 on a renewal

Minimum time in business3 years for Tier 1, 6 months for revenue-based

Minimum revenue$300,000/year or $25,000/month for Tier 1, $60,000 for revenue-based

States fundedAll 50 states

Decision / fundingSame-day decision, next-business-day funding

Every figure above is transcribed from current lender guideline documents. See all three tiers →

Published versus withheld

A simple way to read any funder: what will they put in writing before you apply?

Published by LendioThat it is a marketplace, not a lender — stated plainly; Per-product rate floors and amount ranges

Not published by LendioAny eligibility criteria; Which lender you will actually be matched with

Published by usAmounts, rates, draw fee, early payoff, credit floor, time in business, revenue minimum, excluded states

How the two actually differ

Lendio deserves credit for the clearest non-lender disclosure of anyone we reviewed. "Lendio is not a lender and does not make credit decisions" is unambiguous, and more than several competitors manage.

The published rate floors are useful as a floor and nothing more. A line of credit shown as "8%-60%" is a range wide enough to contain almost any outcome, and there are no eligibility criteria published anywhere, so there is no way to work out in advance which end you would land at.

That is the structural difference with a marketplace: the rate depends on which of its lenders takes the file. If you would rather see one set of terms and one set of thresholds before applying, that is the comparison.

How it works

1. Apply in minutes

A short application. No impact to your credit score to see what you qualify for.

2. Same-day decision

We review revenue, time in business and bank activity — not just a credit score.

3. Review your terms

You see the amount, the term and the total cost before you sign anything.

4. Funded next business day

Money in your account, typically the next business day after signing.

Common questions

Is Lendio a lender?

No. Its own site states "Lendio is not a lender and does not make credit decisions" and that it "does not make loans directly."

What credit score does Lendio require?

Lendio does not publish eligibility criteria. Requirements depend on which lender in its network reviews the file.

How many lenders does Lendio work with?

Its site gives two figures: the homepage says "more than 100 lenders" and its how-it-works page says "75+ lenders."

How current is this comparison?

Figures were read directly from Lendio’s public website in September 2026. Companies change terms without notice, so confirm anything material with them before you decide.

Is this an independent review?

No, and we will not pretend otherwise — we are one of the options on this page. What we can do is quote the other side accurately and publish our own numbers in the same detail, so you can check both.