Lendio

About Lendio

Lendio is committed to helping small businesses find the financing options that are right for their needs. Lendio partners with lenders that offer competitive rates and flexible terms so that small businesses can get a loan they can afford. Lendio's goal is to be the best place for small businesses to find financing.

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Pricing

Free Trial Available
Starts at $19.99. Offers Free-forever plan.
View Detailed Pricing

Platforms Supported

Browser Based (Cloud)
Mobile App (iOS)

Organization Types Supported

All (Small, Medium, Large)

API Support

Available

Modes of Support

Business Hours, Online

Lendio Features

Show Feature Explanation

Mobile Payments

Accept payment directly on your mobile handset

Audit Trail

A record of changes made in chronological order of a user or activity

Payment Processing

Helps to manage automated transactions across various online channels

Hourly Billing

This feature allows a business to create bills and invoices on hourly basis

Invoice History

Invoice history feature allows you to verify or check all your past invoices anytime you want

Online Payments

Accept payments online directly through your account

Financial Management

Handles functions like management of cash and utilisation of funds

Contact Database

Helps to maintain contacts and segregate them according to their needs

Bank Reconciliation

Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

General Ledger

Maintaining and recording all the accounting related transactions.

Lendio Pricing

Free Trial

Available

Pricing Options

Freemium ( Limited Features )

Premium Plans ( Subscription )

Pricing Plans

Free Free

Features

Low payment processing fees:
- 3.55% + $0.30 per CC transaction
- 1.5% + $0.30 per ACH transaction
Manage income and expenses
Generate your Profit and Loss
Send invoices and quotes

Plus $19.99 $19.99 per month

Features

Low payment processing fees:
- 2.55% + $0.30 per CC transaction
- 0.5% + $0.30 per ACH transaction
Manage income and expenses
Generate your Profit and Loss
Send invoices and quotes
Cash flow insights and alerts
Auto-categorize expenses
Payment integrations supported

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Disclaimer: The pricing details were last updated on 21/11/2022 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Lendio Pricing

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Lendio Reviews

User Sentiments

Knowledgeable Staff, Fast Funding Process, Excellent Customer Service, Effective Communication

Inconsistent Communication, Misleading Loan Terms, Aggressive Sales Tactics, Unresponsive Representatives

Do You Use Lendio?

Write a Review

Review Summary

User reviews of Lendio highlight both its strengths and weaknesses. Customers consistently praise the platform's exceptional customer service, specifically commending the attentiveness, knowledge, and responsiveness of Lendio's agents, who are often described as "amazing" and "helpful." The platform is also lauded for its speed and efficiency in processing loan applications, with many users receiving funding within days. However, some users express dissatisfaction with Lendio's loan offerings, citing high interest rates and a lack of transparency, particularly regarding the loan process and terms. Additionally, concerns regarding communication breakdowns and inconsistent experiences with agents have been raised.

Pros

Representatives are knowledgeable, friendly, and responsive to inquiries.
The funding process is quick, efficient, and straightforward.
Lendio provides a wide range of loan options for businesses.
Highly recommend Lendio for fast and easy business funding.

Cons

Some users reported issues with communication and followup.
Lendio's lending options may not always be the most competitive.
Some users experienced predatory lending practices with high interest rates.
The platform may not always offer the specific loan product needed.

Lendio Reviews

AI-Generated from the text of User Reviews

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Lendio FAQs

What is Lendio used for?

Lendio offers the following functionalities:

Mobile Payments
Audit Trail
Payment Processing
Hourly Billing
Invoice History
Online Payments
Financial Management
Contact Database
Bank Reconciliation
General Ledger

Learn more about Lendio features.

Does Lendio provide API?

Yes, Lendio provides API.

Lendio Contact

Vendor Details

Lehi, Utah Founded : 2011

Contact Details

+1 855-853-6346

https://www.lendio.com/

Social Media Handles

Linkedin 18K

Twitter 13K

Facebook 45K

Instagram 10K

Youtube

Disclaimer

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Lendio

About Lendio

Screenshots & Videos

Lendio Features

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Lendio Reviews

User Sentiments

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Review Summary

Pros

Cons

Videos on Lendio

Lendio FAQs

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SaaSworthy helps stakeholders choose the right SaaS platform based on detailed product information, unbiased reviews, SW score and recommendations from the active community.

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