- 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.
- One application reaches a large network of vetted lenders
- Free to use for borrowers — Lendio is paid by its lending partners
- Covers many product types, from SBA loans to lines of credit and MCAs
- A dedicated funding manager helps you compare options
- Matching can reduce unnecessary hard credit pulls
- – Not a direct lender — your final rates and terms come from the matched lender
- – Sharing your details may lead to follow-up calls and emails
- – Available products and approval still depend on each partner's criteria
Lendio FAQs
Is Lendio a direct lender? +
No. Lendio is a lending marketplace. It matches your single application with a network of 75+ lenders and funders, then you finalize the loan directly with whichever lender you choose. Hoss Capital works similarly — we connect you with lenders so you can compare offers.
Does Lendio charge borrowers a fee? +
Lendio states it's free for borrowers; it earns revenue through commissions paid by its lending partners when a deal funds. Always confirm the rates, fees and terms with the specific lender you ultimately choose, since those are set by the lender, not the marketplace.
What can I get matched with through Lendio? +
Lendio's network covers a range of products, including term loans, business lines of credit, SBA loans and revenue-based financing. Which offers you receive depends on your business profile and each lender's criteria, and available products can change over time.
Last updated: June 2026