Lendio reviews
Lendio showed a 4.5 TrustScore from 21,908 Trustpilot reviews when we checked in October 2026, the largest review base among the companies we track. Here is how to read it as a marketplace rating.
On Trustpilot, Lendio showed a TrustScore of 4.5 out of 5 from 21,908 reviews (checked October 2026). Ratings change over time; read recent reviews, especially the negative ones, before you sign anything.
Lendio describes itself as a marketplace connecting businesses with 100+ lenders. Its reviews therefore mostly rate the matching and support experience, while the loan terms themselves come from the lender you choose.
| Lendio | |
|---|---|
| How it works | Marketplace connecting businesses with 100+ lenders |
| Minimum credit | Not published |
| Time in business | Not published |
| Revenue | Not published |
| Amounts | From under $5,000 to over $1M |
| Speed | As little as 24 hours (may be longer) |
| Products | A/R financing, equipment, SBA, business loans, lines of credit |
| States | Not published |
Sources: Lendio homepage, Trustpilot; checked October 2026. Lendio is a trademark of its owner; Merchant Fund Express is not affiliated.
The first question is what Lendio actually does. Its homepage describes a marketplace that connects businesses with more than 100 lenders across A/R financing, equipment financing, SBA loans, business loans and lines of credit. You fill out one application and review the options that come back.
The second question is who funds the loan. On a marketplace the money comes from the lender whose offer you accept, so your agreement, servicing and payment schedule are with that lender. Read the name on the contract before signing.
Owners ask about amounts. Lendio describes options from under $5,000 to over $1M, a range wide enough to cover a small inventory purchase or an SBA-sized project. Where you land inside it depends on revenue, credit and the product.
Speed is the next question. Lendio says funding can come in as little as 24 hours but may take longer. SBA products in particular usually take weeks rather than a day, so match your timeline to the product.
Lendio did not publish credit, time-in-business or revenue minimums on the homepage we checked. Each lender on the marketplace sets its own, which is why owners with similar profiles can see very different results.
Owners with an existing advance ask whether a marketplace can still help. Disclose every current balance; some lenders on any marketplace will not take a second position, while others specialize in it.
Finally, owners ask how to compare. Line up each offer by net cash received, total payback, payment frequency and term length, not by the headline amount.
Lendio suits owners who want a wide menu, including SBA and equipment options, and who have time to evaluate several lenders. Owners who mainly need fast working capital, a second-position advance or a buyout of an existing balance may also want to see a marketplace focused on those products. Running two marketplace applications can surface overlapping lenders, so tell each one what you already have.
Good fit:
Compare first if:
One Merchant Fund Express application is matched with multiple funders, so you can set a Lendio quote beside other written offers on net cash, total payback and payment schedule. Credit from 500, same-day decisions, funding typically the next business day.
A 4.5 TrustScore from 21,908 reviews in October 2026.
It describes itself as a marketplace connecting businesses with 100+ lenders.
Its homepage describes options from under $5,000 to over $1M.
As little as 24 hours, though it may take longer, especially for SBA loans.
Not on its homepage when we checked; each lender sets its own.
Both are marketplaces; Merchant Fund Express focuses on MCAs, lines of credit, second position funding and buyouts, with a published 500 credit floor.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
