Lendio review (2026): pricing, fees and who it's for
Free loan marketplace: one application is matched with offers from 100+ lenders.
Good fit if
Businesses 6+ months old comparing several loan offers
Pick something else if
Your business is brand new with little revenue; most lenders want 6+ months.
What we like
- One free application reaches a network of 100+ lenders.
- Soft credit check to apply; no score impact unless you accept.
- Some products fund in as little as 24 hours.
- Many types: SBA, term, line of credit, equipment, startup, more.
Watch out for
- General guide: 6+ months in business, $8,000+ monthly deposits, 500+ score.
- Rates vary widely; lines of credit listed at 8%-60%.
- Lendio is paid by lenders; accepting an offer may trigger a hard pull.
Lendio pricing
| Plan | Price | Notes |
|---|---|---|
| Application | $0 | Free, no obligation; lenders set rates and fees |
Prices as published on Oct 4, 2026. Confirm on their site; promotions change often.
The details
| Loan types | Term, SBA, line of credit, short-term, revenue-based, equipment, receivables, startup, real estate, acquisition, credit cards |
|---|---|
| Time in business | 6 months (most lenders) |
| Minimum revenue | $8,000+/mo in business deposits (general guide) |
| Credit score | 500+ (general guide; varies by lender) |
| Cost to apply | Free, no obligation |
| Credit check | Soft to apply; lender may do hard pull before funding |
| Funding speed | As fast as 24 hours; term/SBA loans 2 weeks to 3 months |
Before you sign up
You'll need
- Recent business bank statements
- Driver's license
- Business revenue and time-in-business details
- Tax returns for some loans, such as SBA
Do this first: Most lenders want 6+ months in business and steady deposits. Keep clean books from day one so you can show them.
What users say in public ratings
Seen on Oct 4, 2026. App store ratings mostly reflect the app; Trustpilot leans toward billing and support stories.
Questions
How much does Lendio cost?
Application: $0.
Does Lendio have a free plan?
Yes. Application costs $0.
Does Lendio offer help in Spanish?
Not that we could find: the app and support are in English.
What do I need to sign up for Lendio?
Recent business bank statements; Driver's license; Business revenue and time-in-business details; Tax returns for some loans, such as SBA.
Is Lendio good for a new business?
It fits businesses 6+ months old comparing several loan offers. Pick something else if your business is brand new with little revenue; most lenders want 6+ months.
Sources
- lendio.com/
- lendio.com/loan-types
- lendio.com/how-it-works
- lendio.com/contact
- lendio.com/blog/what-credit-score-do-you-need-for-a-lendio-business-loan
- support.lendio.com/en/articles/9175504-how-long-do-i-need-to-be-in-business-to-q
- support.lendio.com/en/articles/15606046-how-long-must-my-business-have-been-oper
- support.lendio.com/en/articles/9175470-is-there-any-cost-or-obligation-when-i-ap
- support.lendio.com/en/articles/9175475-does-lendio-do-a-hard-credit-pull-on-the-
- support.lendio.com/en/articles/9175507-how-long-does-it-take-to-get-approved-and
- support.lendio.com/en/articles/9175488-what-type-of-documents-do-i-need-to-provi
- trustpilot.com/review/lendio.com
Checked Oct 4, 2026. Something out of date? Tell us. Our score is calculated from public facts; partners can't pay for a better one.