# Lendio Review

> Lendio is a small-business lending marketplace, not a direct lender. It takes a single online application and matches you against a network of 75+ lenders and funders, so you can compare multiple offers without applying everywhere separately. It's a good fit for owners who want to shop a range of products — from SBA loans to lines of credit and revenue-based financing — in one place.

## Key takeaways
- Lendio is a small-business loan marketplace (founded 2011), not a direct lender, matching one application against a network of 75+ lenders and funders.
- It's free for borrowers (paid by its lending partners) and covers many product types, from SBA loans to lines of credit and merchant cash advances.
- Final rates and terms come from the matched lender, approval depends on each partner's criteria, and sharing your details may lead to follow-up outreach.

## Lendio at a glance

Lendio is a **small-business loan marketplace** founded in 2011 and based in
Lehi, Utah. The key thing to understand is that Lendio **does not lend its own
money**. Instead, it acts as a matchmaker: you fill out one application, and
Lendio's technology routes it to lenders in its network of 75+ partners that are
most likely to approve you. You then compare the offers that come back and
finalize the loan directly with the lender you choose.

### How it works

- **One application** — a short online form (commonly around 15 minutes)
  captures your revenue, time in business, credit profile and funding needs.
- **Matching** — Lendio's system sends your profile to suitable lenders, which
  can reduce unnecessary hard credit pulls compared with applying everywhere.
- **Compare and fund** — you review competing offers with help from a dedicated
  funding manager, then complete the loan with the chosen lender.

### What you can get matched with

Because it's a marketplace, Lendio's catalog reflects its partners' products:
**term loans, business lines of credit, SBA loans and revenue-based financing
(including merchant cash advances)**, among others. The actual rates, fees and
terms are set by each lender, not by Lendio.

### Who it's best for

Lendio fits owners who want to **compare several offers quickly** without
researching and applying to lenders one by one. It's especially useful if you're
unsure which product fits, since a funding manager can walk you through the
trade-offs. Keep in mind that submitting your information to any marketplace can
generate follow-up outreach, and final approval always depends on the individual
lender's criteria.

### How to decide

Marketplaces are about convenience and comparison. Since Lendio's offers come
from third-party lenders, it's smart to compare its matches against other
options before signing. The simplest way is to apply once through Hoss Capital —
we'll connect you with lenders so you can weigh the real numbers side by side.

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Canonical: https://hoss-capital.pages.dev/lenders/lendio/

Sources:
- https://www.lendio.com
- https://www.lendio.com/how-it-works