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Compare Fundera vs. Lendio Small Business Loans

What’s the difference between Fundera Small Business Loans and Lendio Small Business Loans? See how our editors compare the two companies below.
Last Updated: October 17, 2025
Fundera
4.4 / 5 - Excellent
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Lendio
4.7 / 5 - Excellent
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Key Facts

  • Business loans up to $15 million
  • Only partners with a select group of proven lenders
  • Competitive rates
  • Eligibility tracker
  • Completely free service without hidden charges
  • Know your business loan options in minutes
  • Makes small business loan simple and fast
  • Have all business loan options
  • Fast and easy loan application
  • Loan Specialist that will assist you through the process
More Details >
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Paycheck Protection Plan Information

OVERALL RATINGS

 FunderaLendio
Loan Options4.8/54.7/5
Application Requirements4.0/54.7/5
Average Rates & Fees4.5/54.7/5

Fundera and Lendio are both excellent online marketplaces with a wide range of loan options, terms, rates,fees, and outstanding reputations.

Both Companies Offer:

  • Online Applications
  • SBA Loans
  • Term loans
  • Lines of Credit
  • Invoice Financing
  • Merchant Cash Advances
  • Equipment Loans

Because they are online marketplaces with multiple partners and lenders, it is difficult to accurately predict what rates a potential lender will receive.

Fundera and Lendio both received high marks from the Better Business Bureau (BBB) and from TrustPilot. 

Loan Options

Fundera and Lendio are online marketplaces that offer consumers the most common types of small business loans.

Both companies offer Small Business Administration (SBA) and term loans, lines of credit, invoice financing, merchant cash advances, and equipment loans.

Fundera Loan Options

Although both offer similar options, it’s worth mentioning that Fundera offers a higher than average maximum on merchant cash advances at $250,000 and its repayment terms for term loans and lines of credit are very flexible, at one to five years.

Lendio Loan Options

Lendio, on the other hand, partners with over 75 affiliates with a wide range of loan options, ranges and terms, and the company is able to get access to very high maximum term and equipment loans.

Available Loan Types

 FunderaLendio
SBA Loans
Revenue-based Financing
Equipment Funding
Working Capital Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Disclaimer

SBA Loans

 FunderaLendio
Min. Loan Amount
$5,000
$50,000
Max Loan Amount
$5,000,000
$5,000,000
Min Term Length
5 years
10 years
Max Term Length
25 years
25 years

Term Loans

 FunderaLendio
Min Loan Amount
$25,000
$5,000
Max Loan Amount
$500,000
$2,000,000
Min Term Length
12 months
12 months
Max Term Length
60 months
60 months
Repayment Terms
Repayment terms will depend on the lender.
Fixed weekly, bi-monthly, or monthly payments

Business Lines of Credit

 FunderaLendio
Min Loan Amount
$10,000
$1,000
Max Loan Amount
$1,000,000
$500,000
Min Term Length
12 months
12 months
Max Term Length
60 months
24 months
Repayment Terms
Depends on chosen lender
Monthly payments

Invoice Financing

 FunderaLendio
Loan Amount
From 50% to 90% of accounts receivable. The additional 10% to 50%, minus fees, will be advanced once invoices are paid.
Up to 90% of the Account Receivable
Repayment Terms
Fundera will fund you approximately 50%-90% of the invoice amount. When the customer pays the invoice you will receive the remaining balance minus fees.

Merchant Cash Advance

 FunderaLendio
Min Loan Amount
$2,500
$5,000
Max Loan Amount
$250,000
$200,000
Repayment Terms
Fixed daily repayments.
Daily, weekly, or monthly deductions from credit card sales.

Rates & Fees

SBA Loans

 FunderaLendio
Min APR
6.5%
6.5%
Max APR
9.0%
9.0%

SBA Loans

Fees: There may be origination, application, processing, prepayment, late payment, guarantee, or check processing fees, depending on the lender and type of loan requested.

Term Loans

Fees: Fundera advertises term loan rates of 7%-30% with repayment terms of 1-5 years.

Since origination, application, processing, prepayment, late payment, guarantee, or check processing fees will depend on the lender, we are unable to calculate accurate APRs.

Term Loans

Fees: Lendio advertises term loan rates that range from 6%-30%. Actual APR, however, will depend on the chosen lender's term length and fees.

Lines of Credit

Fees: Fundera advertises term loan rates of 7%-25% with repayment terms of 6 months to 5 years. Since origination, application, processing, prepayment, late payment, guarantee, or check processing fees will depend on the lender, we are unable to calculate accurate APRs.

Lines of Credit

Fees: Lendio advertises line of credit rates that range from 8%-24%. Actual APR, however, will depend on the chosen lender's term length and fees. The higher your credit score the better your rate will be. A traditional line of credit with a rate as low as prime+ can be obtained with a 680+ credit. If your credit is challenged at the moment then a non-traditional loan can give you a good option with higher rates.

Invoice Financing

Fees: The invoice financing options offered through Fundera’s marketplace have a factor fee of 3%.

Invoice Financing

Fees: Lendio will finance up to 90% of accounts receivable at a factor rate as low as 5%. There also can be an additional cost per invoice fee.

Merchant Cash Advances

Fees: Merchant cash advance factor fees range from 1.14 to 1.18.

Equipment Loans

Fees: Fundera advertises equipment loan rates of 8%-30% with repayment terms equalling the expected life of the item financed.

Since origination, application, processing, prepayment, late payment, guarantee, or check processing fees will depend on the lender, we are unable to calculate accurate APRs.

Equipment Loans

Fees: Lendio advertises equipment financing rates that range from 7.5%-45%. Actual APR, however, will depend on the chosen lender's term length and fees.

Application & Qualifications

 FunderaLendio
Online Application
Approval Time
As quick as 24 hours
Funding Time
From 1 day to 3 weeks.
Get the capital you need in as little as 24 hours.
Min. Credit Score
550
550

Reputation

Lendio and Fundera stand out on the reputation and customer service side. Both companies carry high marks with the Better Business Bureau (BBB) and on the customer review site TrustPilot.

Fundera boasts an A+ with the BBB, while Lendio carries an A-, while Lendio stands out on TrustPilot, with a 9.4 out of 10, while Fundera carries a 9.0. Lendio has over 1,500 reviews on Trustpilot and they are 97% positive.

Customer Feedback

 FunderaLendio
Trustpilot Score
4.9 out of 5
9.7 out of 5
BBB Rating
A+
A+
BBB Positive Reviews
1
BBB Neutral Reviews
0
0
BBB Negative Reviews
0
0
Date Collected
2020-09-08
2019-02-06

Contact & Additional Information

 FunderaLendio
Homepage URL
https://www.fundera.com/
https://www.lendio.com
Company Phone
(800) 386-3372
(855) 853-6346
Headquarters Address
123 William Street, 21st Floor, New York, NY, 10038
10235 South Jordan Gateway, Suite 410, South Jordan, UT, 84095

Final Verdict

Lendio Small Business Loans has a higher overall rating than Fundera Small Business Loans. Lendio scores better than Fundera across: Consumer Education, Application Requirements, and Average Rates & Fees. Both companies score similarly on Loan Options.

Customer Comments & Reviews

B
Ben R
8/19/2016
Fundera Small Business Loans review
Excellent company! Fast. Easy. They really care about you.

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OnDeck
4.9 / 5 - Excellent
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