Fundera vs. Lendio: Which is better?

As a business owner seeking financing, you have no shortage of options to choose from. Fundera and Lendio both offer an easy application process, but Lendio boasts higher approval rates with a wider array of providers. Consider your unique credit profile and the requirements below before deciding.

Fundera vs. Lendio: A quick comparison

Fundera vs. Lendio: Which one’s better?

Both Fundera and Lendio are highly reputable lending marketplaces with a similar suite of loan products offered, as well as quick funding time. However, Lendio may be a stronger contender for borrowers looking for a wider selection of options with its network of 75+ lenders. And, if you think you may have difficulty qualifying for a business loan, Lendio’s wider network could offer a better chance of finding a lender willing to work with you.

When to consider Fundera

Fundera is a good choice for borrowers who want:

• Revenue flexibility. Fundera’s application requires you to take only the average of the last few months of revenue.
• Helpful resources. Fundera’s website breaks down loans best suited for women-owned businesses, those with bad credit and more.

When to consider Lendio

Lendio may be the best option for borrowers who need:

• More options. Lendio’s platform has more than 75 lenders on offer.
• Larger track record. Lendio has approved $10 billion in loans versus Fundera’s $2.5 billion.
• No set business lifespan requirement. You do not have to be in business for years before applying for a small business loan with Lendio’s partners. However, most loans require at least 6 months in business.

The similarities

Fundera and Lendio are similar in that they allow borrowers to compare SBA loans, equipment loans, lines of credit and startup loans, among many others, to help customers make a well-informed decision.

Both lenders are highly rated by the Better Business Bureau as well as by consumers on Trustpilot. For borrowers who seek extra support during the application process, both platforms offer staff to guide consumers to the right products based on their business needs. They each also offer quick turnaround times for funding.

Compare other business loans

Compare up to four lenders side-by-side to see how they stack up.

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Product USFBL	Finder Score	Min. Amount	Max. Amount	APR	Requirements
Promoted Fundera business loans	Finder score 8.6 Great	$2,500	$5,000,000	Varies by lender	$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months	Get connected with short-term funding, SBA loans, lines of credit and more.	Go to siteMore Info Compare	loading Fetching your data...
Promoted Lendzi	Finder score 9.5 Excellent	$5,000	$20,000,000	Varies by lender	Minimum credit score of 500, minimum annual revenue of $120,000, preferably one to two years in business	Compare lending options and get funded fast.	Go to siteMore Info Compare	loading Fetching your data...
Promoted Lendio business loans	Finder score 9.6 Excellent	$1,000	$5,000,000	Varies by lender	Operate business in US for 6 months or more, have a business bank account, minimum 580 personal credit score, at least $8,000 in monthly revenue.	Submit one simple application to potentially get offers from a network of over 75 legit business lenders.	Go to siteMore Info Compare	loading Fetching your data...
BusinessLoans.com	Finder score 8.8 Great	$5,000	$3,000,000	Varies by loan type and lender	Must have been in business between 1 to 2 years, have a minimum revenue of $75,000 to $250,000 and have a minimum credit score of 500 to 650.	Complete a three-minute form to see loans that fit your business’s needs. Compare offers without a hard credit check.	Go to siteMore Info Compare	loading Fetching your data...
National Funding business loans	Finder score 9.6 Excellent	$5,000	$500,000	Undisclosed	In business 6+ months and make at least $250,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to siteMore Info Compare	loading Fetching your data...

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Alternatives to Fundera and Lendio

Here are three alternative products similar to both Fundera and Lendio.

• Businessloans.com: If you have a low credit score, you’ll have more luck at Businessloans.com, as this site has no major credit requirements.
• Biz2Credit: With Biz2Credit you can get a fast turnaround on loans up to $6 million.
• Sunwise Capital: This lender has a low revenue and credit score requirements.

See how other lenders stack up

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• LoanBuilder vs. OnDeck
• Bluevine vs. Fundbox
• OnDeck vs. American Express Line of Credit
• Fundbox vs. American Express Line of Credit

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Dhara Singh

Writer

Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances. Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely. Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio