Loans (US)

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!

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by Victória Lourenço

Published on 10/09/2022

Lendio Small Business Loans application: various loan options!

Learn how to apply for Lendio Small Business Loans. Source: The Mister Finance.
Learn how to apply for Lendio Small Business Loans. Source: The Mister Finance.

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!

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business loans

Lendio

affordable business loans

Find the best funding for your small business with Lendio

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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!

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Online Application Process

You can apply online for Lendio Small Business Loans. Source: The Mister Finance.
You can apply online for Lendio Small Business Loans. Source: The Mister Finance.

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.

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 LoansQuick 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%.

*Terms apply.
N/A.
Loan PurposeStartup 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.

*Terms apply.
$20,000 to $500,000.

*Terms apply.
Credit NeededMost loans are only available for those with a 560 score or more.All credit scores.
TermsSome 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 FeeIt varies depending on the loan type or lender.N/A.
Late FeeIt varies depending on the loan type or lender.N/A.
Early Payoff PenaltyIt 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.

quick cash capital

Quick Cash Capital review: business solutions

In this Quick Cash Capital review, you will discover how to get working capital solutions to grow and expand your business. Keep reading to learn how it works.

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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