Lendio is a popular online lending platform that offers a variety of loan products for small business owners. It is one of the most trusted and reliable options for those looking for a loan to fund their business. In this Lendio review, we will examine the different loan products offered by the company, the application process, and the customer service quality. We will also look at customer reviews, so you can get a better understanding of what to expect when applying for a loan through Lendio.
What is Lendio?
Lendio is an online lending platform that specializes in providing small business loans. The company was founded in 2011 and has since become one of the most popular and trusted options for business owners in need of funding. The platform is easy to use and offers a variety of loan products, including lines of credit, term loans, SBA loans, and more. The application process is quick and simple, and the customer service team is always available to answer questions or provide assistance.
Lendio Loan Products
Lendio offers a variety of loan products for small business owners. These include lines of credit, term loans, SBA loans, and more. The company also offers a number of different repayment options, including fixed monthly payments, flexible payment terms, and more. The loan amounts range from $2,500 to $250,000 and the repayment terms range from 6 months to 5 years.
Lendio Application Process
The application process for a loan through Lendio is relatively simple. All you have to do is create an account, fill out the online application, and submit documents. The process usually takes just a few minutes, and you can get a decision in as little as 24 hours. Once approved, the loan will be deposited into your account in as little as one business day.
Lendio Customer Service
Lendio’s customer service team is available 24/7 to answer any questions or provide assistance. The team is knowledgeable and friendly, and they are always willing to help. Customers can also contact the company via email, phone, or live chat, and they will typically receive a response within minutes.
Lendio Reviews
When it comes to customer reviews, Lendio has a 4.7 out of 5 rating on Trustpilot. Customers praise the company for its excellent customer service, fast loan approval process, and variety of loan products. Many customers also appreciate the fact that the company is transparent about fees and costs associated with the loan.
Conclusion
Overall, Lendio is an excellent option for small business owners in need of a loan. The loan products are varied, the application process is simple, and the customer service is top notch. The company also has a great reputation among customers and is highly rated on Trustpilot. If you’re looking for a reliable loan option, Lendio is definitely worth considering.
