How to apply for Lendio Small Business Loans?
Do you need a way to grow your business? If so, read our post to learn how to apply for the Lendio Small Business Loans!
Lendio Small Business Loans application: various loan options!
Do you need a small business loan to help grow your company? If so, you’ll want to check out how to apply for Lendio Small Business Loans. You’ll find various loan options with good rates!
Lendio can make it easy for you to get the money you need to take your business to the next level. Plus, our quick and easy application process makes it simple to apply for a loan online.
So what are you waiting for? Read on to learn how to apply for Lendio Small Business Loans today, and let them help you grow your business!
Online Application Process
Before you learn how to complete your application, you can learn more about how this lender’s website works.
So, instead of making loans itself, Lendio connects borrowers with a network of over 75 different lenders.
Lendio’s extensive lender network makes it a viable choice as a fast and easy way to choose the most suitable lender. Also, you can even find a loan if you have a startup company!
Loan options for would-be borrowers span the gamut from those designed specifically for new ventures to those that provide funding for things like vehicles and office furnishings.
Moreover, you can start applying by finding the best loan option for your business, and then you’ll need to provide your personal and business information. After that, you’ll have to wait for a quick response.
You will be redirected to another website
Application Process using the app
You can download an app to manage your loan and loan application. However, you’ll need to apply online by following the steps above.
Lendio Small Business Loans vs. Quick Cash Capital
If you need to know about different small business loan options, you can go for Quick Cash Capital. This may be the best option for you if you are looking for a lender that can accept lower scores.
So, read our comparison table below to understand more about these two lending websites!
|Lendio Small Business Loans||Quick Cash Capital|
|APR*||Some of the main fees available:|
Business line of credit: 8% to 24%;
Short-term loan: 8% to 36%;
Business term loan: Minimum of 6%;
Business cash advance: Minimum of 18%;
Startup loan: 0% to 17%.
|Loan Purpose||Startup loans, business acquisition loans, business term loans, short-term loans, business lines of credit, business cash advances, and many other loans for small businesses.||Small Business Finance|
|Loan Amounts*||Some of the loan amounts available:|
Business line of credit: $1,000 to $500,000;
Short-term loan: $25,000 to $700,00;
Business term loan: From $5,000 to $2,000,000;
Business cash advance: From $5,000 to $2,000,000;
Startup loan: From $500 to $750,000.
|$20,000 to $500,000.|
|Credit Needed||Most loans are only available for those with a 560 score or more.||All credit scores.|
|Terms||Some of the loan terms available:|
Business line of credit: 1 to 2 years;
Short-term loan: 3 to 10 years;
Business term loan: 1 to 5 years;
Business cash advance: Up to 2 years;
Startup loan: Up to 25 years.
|Up to 36 months for small business finance.|
|Origination Fee||It varies depending on the loan type or lender.||N/A.|
|Late Fee||It varies depending on the loan type or lender.||N/A.|
|Early Payoff Penalty||It varies depending on the loan type or lender.||N/A.|
If you’d like to learn more about Quick Cash Capital, just check the following content.
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
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