Lendio

Stay away from Lendio. They are nothing but a group of scammers waiting to prey on - hardworking, needy, desperate small business owners out of their hard earned money. I worked with some called - Daniel ** Funding Manager at Lendio and before even I started my application I have informed him what I was looking for and what we need. He has assured me that they are in the exact business what I am looking for and would get a traditional line of credit. After going to a lengthy application process and submitting all sensitive business, financial documents from our business, he sent me an email with - a loan (we are looking for a line of credit, he completely ignored our needs, basically he wanted to sell a product where he can make more money) of worth of 10% of what we were looking for and that to at 27% (net - including all fees) annual interest rate.

THE WORST CUSTOMER SERVICE ONE CAN GET! Dismissive and obnoxious, rude text messages and then talking to a customer with attitude, going into irrelevant details which customer does not need... All the wrong doing of a customer service rep: Justin **. I waited 2 weeks for someone to offer a funding, then a rep was reassigned and he took days to even get back to me. As soon as I complained and asked questions he started defending himself and told me "I have 50 other customers I have to attend, not just you"... Who says that? It speaks of an inability to handle the case properly on each customer base... I will be writing multiple negative reviews based on my experience so that people can know what they are getting into before they waste valuable time and energy! NO STAR RATING!

I have signed up with Lendio as a partner and sent them 2 files. I have been working with a representative named Steven **. I have had the worst service ever! I sent them complete files for 2 of my clients and it has been 2 weeks and Steven will not answer emails or calls. I have no idea what is going on with my files and my clients are not happy. This is reflecting negatively on my company. Aside from that, when you call their number to speak to a manager to discuss what the issue is they will not call you back. Do not refer your clients to this company!

I first started looking for a loan for my small business and came across these people. Their advertising says they specialize in loans for small businesses that have been in business just over a year and if you have not so great credit. I had multiple discussions with them and was really concerned about their payments and how they control your account. Several times I told them it just felt like it was a scam and how could they take a new business with not so great credit and expect such large payments to be made.

Stay as far away from this company. They kept sending advertisements to my email; I needed a loan for a business that I have with my sister; I decided to give them a try about 3 weeks ago. I worked with Gabriel ** and Marva **. As soon as they got my information and my sister's personal information, every phone call and email from them went unanswered. They are the worst. I'm not sure if was the low loan amt requested (not a large commission for them), but we called and emailed Gabriel and Marva a total of over 11 times. This shows me that this company is very unprofessional. Needless to say, American Express has now guaranteed us for funding. AGAIN, DO NOT CONTACT THIS COMPANY!!! Save the credit pull for a more professional and reputable company.

After a Lendio rep stopped by my office I looked into a loan to expand my company. I got a quarter of the way thru the online app and said no thanks (silly questions asked) then phone rang from Lendio... I said, "I'm good never mind." Now I'm getting calls from lenders saying they got my info from Lendio??? This is nuts and I never hit send or allowed for my info to be shared. Waste of time.

Lendio is a middleman for loans. When you call and give your info make sure to expect multiple inquiries from the multitudes of people they send your info to and make sure to expect to pay at least 150% interest for a 6 month loan. Connor ** was my point of contact. Saying the man is a snake would be doing an injustice to snakes. This man said anything and everything to attempt to get his commission, with no regard to integrity or honesty. Out of the plethora of blatant lies, here are some that you should be aware of if you dare attempt to talk to this company. "The loan will be in the business name not in yours. It affects the business credit not your individual credit". If you are like me and searching for a business loan, this is a big deal. Building business credit without impacting yours with Lendio isn't possible so don't believe it.

Used Lendio for an equipment loan in December of 2017. Obviously they send and sell your information to everyone as I am now receiving no less than 6 calls a day! From various lending companies trying to sell me something. Had I known it was going to be that bad, I never would have used them. Yes, we did get funding but the price I am paying with my time now, is hardly worth it.

Spent a week with Lendio to get a business loan. Promises were not kept and offers changed and were not acceptable. After a week I gave up and pursued loan with a very reputable provider and funds were deposited in my account the next day.

John ** of Lendio was very helpful. I was not approved for a HELOC Loan from my own bank so I asked John if he can help. He suggested to take a business loan and got me funded quick. My experience was all positive.

Devin got me a great loan fast and easy. He drove me through the process and kept me updated every day, for the 4 days it took to get my money in my account. I totally recommend Lendio and Devin, and I will go back to them in case I need to. Thank you Devin!

After going to the bank and being declined for an SBA loan on our 2+ year old company with decent earnings, I wondered if the American dream was dead. Certainly it is not easy to get money for your business these days. Predatory lenders with their exorbitant interest rates are there, seemingly everywhere you look, waiting to destroy your credit with inquiries. Not so with Lendio. They got me funded in less than 2 weeks at a 10% flat fee. They were professional and courteous and gave me something nobody else was offering. Application and overall process was simple. Thanks to Christian my rep, everything went perfect. He was in constant contact and was a great help. These guys are helping out the small business while the banks turn their backs to us. Thank you Lendio!

I spoke with Michael at Lendio. Dealing with lenders is not always the greatest experience. I honestly felt like I was talking to a friend. He had my best interest in mind. He was very informative and went above and beyond to help. I can honestly say I’ve never had a better experience when dealing with any financial institution. Thank you.

Michael ** was my rep for Lendio. I needed capital for my construction business and he was able to make that happen. Because of my business being considered a young business, there were a couple of sticky points that had to be resolved and Michael was great in helping me get through that process.

This was a first experience working with Lendio and Kevin ** was amazing. Not only did he work to gain my business our first business loan but he listened. He listened to our needs, our concerns, and truly found the best loan for our situation. He worked with different lenders, answered all my questions, and followed through on making sure we were satisfied with the product and outcome. I would highly recommend Kevin and would definitely bring my business back to him and Lendio.

Well my situation is pretty special. I am still in the Final Approval stages of securing a Line of Credit for my business. Hands down the best part for me is, I have been able to go thru the process at my speed. As a small business owner I am not always at a desk or have the time to get them the necessary paperwork or other needed items. They don't put crazy deadlines on me or try to sell me on "limited time offer" deals. It's my loan, it's my speed. That I thank you for, Melissa, Patrick and the rest of the Lendio Team. You've always been there for last minute questions and concerns I might have. Keep up the Quality Customer Service.

Devon, with Lendio, was very helpful in assisting me with receiving my small business loan. It was a positive experience working with him and I will gladly recommend him and Lendio to friends and family.

Devon, at Lendio, helped me a great deal in the franchise purchasing process. He went out of his way to answer all of my questions and get me in touch with the right people. I was highly impressed with the Lendio team's response time and attentiveness. Great organization!

My experience with Phillip ** over at Lendio was fantastic. This guy know his stuff and they get financing done fast. Most times the same day or day after. It's simple stress-free process. Phil is not a fund and done Broker. He follows up and returns all calls. He even gave me his cell number to contact him if it's super important. Thanks Phil and the Lendio team for being a part of my business future!!

The loan officer was extremely empathetic towards our needs and completely understood the urgency. He worked harder than anyone I have ever dealt with before and delivered, due to diligent and detailed information and resource management. Matched us perfectly to our circumstances with a lender suitable for our abilities to service the loan. This review is offered so others in similar need and circumstances can contact Lendio and ask for Devon ** by name.

When I originally came to Lendio I was skeptical due to not using an online service to secure funding other than a daily payment loan a few years ago. When I started the process I KNEW I had found the right guys. Devin ** had my family run business Funded in 2 business days. NOT A SINGLE CENT CHARGED ON A FEE from Lendio at all. They do all the work and I now have a monthly payment funding program that not only allows me to expand and hire but also starts a relationship with a fantastic company! Thank you Lendio and thank you Devin **! If you're skeptical EVEN A LITTLE like I was JUST TRY IT OUT!! They really just want to show you your options!

This company is a scam. They claim to be a free service but I found out they are 10-15% more on top on the interest I am already paying. They take a 22% interest and make it into 35% interest to line their own pockets. The owner Brock Blake is also a scam artist who has run shady companies like this in the past. DO NOT DO BUSINESS WITH THIS COMPANY. THEY ARE ROBBING YOU OF YOUR MONEY. It is better to go directly to the lender and save yourself 10-15% of what you would normally pay.

My experience was initially like anything I do with big decisions with my "baby" was hesitancy to work online, but I had spoken with a couple people in my business network that Lendio was the true deal. I gave them a shot but not before I had already gone to 3 other major lenders shopping around which turned out to be a waste of time. Two lenders had one option that truly didn't fit the type of lending I was even looking for. The other bank said "no, sorry you don't fit our exact business loan requirement" and dinged my credit AGAIN! I was happy to find out Lendio doesn't do a hard pull on my credit so If I would have just gone to Lendio first I wouldn't have had 3 hard inquiries already quickly on my credit that dropped my score 15 or so points but Lendio said they have over 75 lenders so that is how they found me the best loans out there.

Surprisingly I could not find any reviews on this company, and as many articles and TV commercials as they do I found that shockingly bizarre. They are evidently a very new company. Or an old company who's doing a lot of new advertising. In either case I took a chance knowing better and I wish I had not. All they do is destroy your credit report with numerous inquiries and then offer you a loan at such an absurd loan shark rate it's laughable. I was offered $45,000 for my business, at 125% interest rate, due back in NINE MONTHS, no longer terms available... To add insult to injury, of course they want your checking account information so they can grab their money out.