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Lendio Review

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Date Established
2011
Location
Woodbury, NY
Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.



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Lendio



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After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Lendio for yourself.

The Merchant Maverick Seal of Approval 🏆

Lendio



Apply Now

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Lendio for yourself.

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6 Comments

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    Anh

    Organization Name: Glow Hair Salon LLC

    The worse company that I have ever had!I strongly recommend you: Do not apply your ppp loan with Lendio since no live person answering the phone calls if u have any issue or concern!

    1
    • Organization Name: Glow Hair Salon LLC
    John

    One of the worst, applied for the PPP but i told them i wanted to wait before moving forward because there was going to be an option where you can choose line 7 instead of line 31 in your schedule C. We waited and as soon as it was passed, i called them and they had me send documents and had me choose line 7 and so forth. Then i ended up not getting the line 7 but was offer line 31 and lendio had no idea what happened and said i did everything right and they have no idea what happened, after that they just ignored my phone calls and emails, even when i called corporate, they dont care. They tell you they will let their supervisor know and will contact you soon but they never do. They screwed me over and they ignore you after that, not just the agents but the corporate themselves, they dont care if you’re business and employees are suffering, they make a mistake and they ignore you after that, they dont try to fix it or compensate. Everyone told me to go to this other person and i should of listen but i didnt and went with lendio. So everyone else please listen to me and avoid lendio before you get screwed over like i did. No matter who i talked to they always ask what my business is, which is a nail salon and end up ignoring me, i wonder why.

    1
      Jonathan

      Organization Name: Campana Association

      On 2/17 my business submitted an application for the 2nd round of PPP. The representative emailed and wrote to make sure everything was up to date. Then two weeks later she calls and ask for 2019 tax information. I had to remind her that my business started in early January 2020. She apologize and updated the invalid date. Then she requested the 2020 941/940’s which I had already uploaded to the portal. On March 1, 2021 our application was switch to another representative and he asked for the same information that I have already uploaded to the Lendio portal. Now I am being told my business has already been assigned a loan number but, no one has provided sed loan number and we have check the CAWEB portal still no new loan number. I have called countless of times and now I’m frustrated. All I want to do is be a business owner and provided for my clients as well as family. The reason for the 1 star is because it has been a month and we have not received any update just emails requesting documentation that I have uploaded to the portal. Now I’m stuck because every time I try to apply for another lender I am being denied because it states my business has been assigned a loan number which no one thought to provide to us. Lendio has been a disappointment for a lot of self employed/business owners. Reddit has a lot of angry people stating the same or worse about Lendio.

      1
      • Organization Name: Campana Association
      Gary

      Organization Name: REDCO

      DO NOT USE LENDIO. This company will destroy any and all chances of being able to obtain your PPP Loan.

      1
      • Organization Name: REDCO
      Bryan

      Organization Name: Chill Time INC

      Dont mind me asking, why sir?

      Currently using them for PPP

      • Organization Name: Chill Time INC
      James Valerio

      Organization Name: Breezecon

      Tried getting a loan , Lendio is pushing me towards an SBA Loan .
      Not listening to my needs
      WHY ???

      • Organization Name: Breezecon

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    We Highly Recommend Lendio 🏆

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