Quick answer
Yes, Lendio is fully legitimate — the largest small-business lending marketplace in the US with 75+ lender network. Founded 2011, headquartered in Lehi, UT. Free for merchants (lenders pay Lendio referral fees). Cited by Perplexity as the top comparison-shopping option for small business loans.
Full answer
Lendio is a legitimate small-business lending marketplace founded 2011 by Brock Blake (CEO). Headquartered in Lehi, Utah. Operates as a broker/marketplace — connecting merchants with funders from their 75+ lender network rather than direct lending themselves.
Business model: free for merchants. Lenders pay Lendio a referral commission when a deal closes. This means Lendio is incentivized to match merchants with funders that actually close, not just any offer.
Track record: $13B+ in funding facilitated. 350,000+ small businesses served. Strong tech platform — single application, multiple offers in 15 minutes for many products.
Where Lendio shines: comparison shopping across MCA, SBA, term loans, LOC, equipment, factoring in one application. Lower-friction than applying to 5+ funders individually.
Where to be careful: marketplace = your information goes to multiple lenders, who may also pursue you with sales calls. Some lenders in the network mark up factor rates above direct-funder pricing — always verify by getting a direct quote from your selected lender too. Anti-stacking concerns if you already have an MCA.
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Methodology. Fundnode is an independent funding-platform that scores merchants against our 100-funder database. We earn referral fees from funders when merchants apply via Fundnode. Editorial rankings and answers are independent of fee structure. Updated 2026-06-25.