Lendio Review: Is It The Right Loan Servicing Software For Your Team?
Best for SMB teams · Mid-market · Enterprise
Free Trial & Free Plan Available
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Starts from $19.99 / Month, also offers free forever plan
Overview
Pricing
Features
Buyer feedback
Alternatives
Media
Security & Compliance
Support
FAQ
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What is Lendio?
Lendio is the ultimate one-stop-shop for business financing. Partnering with top lenders to offer small businesses competitive rates and flexible payment terms, Lendio's mission is to be the best place to secure financing. They strive to provide companies the ideal loan options that meet their specific needs and budget. Lendio is committed to helping businesses get the funding they need to grow and thrive.
Pricing
Starts from $19.99 / Month
Free Trial available
Best For
Suited for solo users, small teams, SMBs, and enterprise
Security & Compliance
Data residency:🇺🇸
Platform
Web + mobile app (iOS & Android)
Lendio Software Demo
Lendio was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider Lendio
- Use cases
- Small business financing, Loan comparison and selection, Business growth funding
- Team types
- Finance managers, Small business owners
- Company size
- 1-50 employees, 51-500 employees
- Workflow style
- Simple and streamlined
- Setup complexity
- Low
Why teams choose Lendio
Access to multiple top lenders for competitive rates
Flexible payment terms tailored to business needs
One-stop-shop experience for business financing
Is Lendio right for you?
Best for small businesses seeking simple, flexible loan options from multiple lenders.
Choose Lendio if
- You are a small to mid-sized business (1-500 employees) needing straightforward financing.
- You want to compare and select loans easily from a broad network of top lenders.
- You prefer flexible payment terms tailored to your specific business budget and growth needs.
Consider alternatives if
- Your company requires complex, enterprise-level loan servicing solutions with advanced features.
- You need highly customized loan management workflows or transparent, detailed pricing information.
What buyers should know before shortlisting Lendio
Lendio serves as a comprehensive platform for small business financing, connecting users with a variety of lenders. Its focus on competitive rates and flexible terms makes it an excellent choice for businesses seeking funding.
Lendio pros and cons
- Lendio pros
Access to multiple top lenders for competitive rates
Flexible payment terms tailored to business needs
One-stop-shop experience for business financing
- Lendio cons
Lack of detailed pricing information publicly available
Limited data on user ratings and reviews
Ready to try it?
Get started with Lendio
Start your free trial — no credit card required.
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See how it stacks up
Compare Lendio side-by-side with top Loan Servicing Software alternatives.
What is the pricing of Lendio?
Lendio Pricing Plans
Free
Low payment processing fees: 3.55% + $0.30 per CC transaction 1.5% + $0.30 per ACH transaction
3.55% + $0.30 per CC transaction
1.5% + $0.30 per ACH transaction
Manage income and expenses
Generate your Profit and Loss
Show more +
Plus
$19.99
/Month
Low payment processing fees: 2.55% + $0.30 per CC transaction 0.5% + $0.30 per ACH transaction
2.55% + $0.30 per CC transaction
0.5% + $0.30 per ACH transaction
Manage income and expenses
Generate your Profit and Loss
Show more +
Lendio reviews and ratings
Buyer sentiment
Insufficient public review data to determine overall buyer sentiment.
What buyers like
- Competitive loan options
- Ease of access to multiple lenders
- Flexible payment terms
Common complaints
- Lack of pricing transparency
- Limited user feedback
What users are saying
BF
Benedetta Ferguson
11/18/24
Anthony was very helpful and the…
Anthony was very helpful and the process was quick and easy.
DR
Deanna Regruth
11/18/24
Easiest and Fastest service Ever
Easiest and Fastest service Ever. Kade Simmons was so professional with great communication. Litterly had money within 24 hours so I could purchase ...
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VG
Veree Gilliland
11/14/24
Highly Recommend!
Highly recommend Lendio! Justin Culoso & Kainon Cole were both so helpful. The team was with me every step of the way! I'm not sure I could have ...
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CC
Castro's Café
11/13/24
Brian was very helpful during the…
Brian was very helpful during the entire process!!
AS
Angela Solheim
11/13/24
I cannot say enough wonderful things…
I cannot say enough wonderful things about my experience with Lendio and my incredible account manager, Justin Culoso. From start to finish, Justin ...
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AH
AD HOMECARE SERVICES
11/12/24
Timely and effective communication.
Justin and Dylan kept me updated and offered so much assistance throughout the whole process, I had the best experience from start to finish. Simply ...
Read more
What are the features of Lendio?
An audit trail is a step-by-step sequential record that offers evidence of a financial transaction's documented history back to its source.…
A bank reconciliation statement reconciles an entity's bank account with its financial records. The statement lists all deposits, withdrawal…
A contact database allows a business to more efficiently manage and coordinate information about its clients, customers, and other contacts.…
Financial management is a process of planning, organizing, regulating, and monitoring financial resources to meet the goals and objectives.…
A general ledger is a financial data record-keeping system that includes debit and credit account records confirmed by a trial balance. It h…
In the service industry, hourly billing is the most popular billing technique. It entails the dynamic creation of project billing records, i…
An invoice is a business document delivered by a seller to a buyer that refers to a sale transaction and identifies the items, quantities, a…
Payment made with a portable electronic device such as a tablet or cell phone for a product or service is known as Mobile payment. Mobile pa…
Trading money electronically is known as online payment. Computer networks, the internet, and digital stored value systems are commonly used…
Payment Processing is defined as providing a Person with the ability to charge or debit accounts using any payment mechanism, including but…
Lendio security and data handling
Key compliance certifications and security features for IT and security teams evaluating Lendio.
Certifications
Developer & data
Alternatives to Lendio
Lendio Support Options
Frequently Asked Questions About Lendio
Common questions buyers ask before choosing Lendio.
Lendio is a Loan Servicing Software. Lendio offers General Ledger, Hourly Billing, Financial Management, Payment Processing, Online Payments and many more functionalities.
Lendio is a strong fit if: You are a small to mid-sized business (1-500 employees) needing straightforward financing.; You want to compare and select loans easily from a broad network of top lenders.. Consider alternatives if: Your company requires complex, enterprise-level loan servicing solutions with advanced features.; You need highly customized loan management workflows or transparent, detailed pricing information..
Buyers commonly note the following limitations of Lendio: Lack of detailed pricing information publicly available; Limited data on user ratings and reviews; Potentially less suitable for large enterprises with complex financing needs.
Some top alternatives to Lendio includes LOANS! for .Net, Kwik-Loan, Lendstream, PowerLender and TruX.
Lendio offers Free Trial, Freemium, Subscription pricing models
The starting price of Lendio is $19.99/Month
Ready to try it?
Get started with Lendio
Start your free trial — no credit card required.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
