Lendeo out performed my local bank mainâ¦. So nice to be able to get this done! I just stayed positive, rolled with it, stayed in proactive contact with the Lendio team, and it worked. Did a great job and very helpful through process. Enough said. Straight forward instructions with minimal paperwork. Lendio can be contacted by phone at either the South Jordan, Utah, or New York office. I applied for a second round ppp loan, after receiving a first loan in 2020. So in a few instances I had to upload the same document three times.Also, not sure how possible this is by it's best to have one CSR assigned to your loan app. Probably Atlanta Postal Credit It is hard for me to rate them because I don't know where I stand. I recommend Lendio. We got funded (money in our bank account) on Feb 17th. Thank you Lendio!! Except as expressly set forth in our. Lendio is an online small business loan aggregator that brings business owners and lenders together on one platform. Our purpose 1 review ⦠Dealing with Lendio, was easy and efficient. I appreciated all efforts efforts involved. Reproduction in whole or in part is strictly prohibited. Lendio Review for PPP Application It has been very easy to work with Lendio thank you! Lendio's on-line form was tailored to meet the needs of the SBA. Needless to say, it was a good idea to contact Lendio in addition to seeking the funding from Wells Fargo. Portal 100 percent inaccurate no returned phone calls or emails no communication a bad overall experience for PPP compared o my first round provider. If youâre connected with a lender, you will be able to submit a full application. When a customer receives multiple reassignment emails they lose faith in your organization. I am seriously so grateful for Lendio's support. Thank you. once we have all the documents it is very easy to submit the application PPP loan with Lendio. Their communication with us has been excellent throughout and they have kept on top of everything. TrustPilot is the worldâs most powerful review platform, free and open to all. Rob Price. Once I spoke to a Lendio representative about my file however, the loan funded in a few days. Would still use Lendio again and suggest to others. According to the company, it has facilitated over 200,000 small business loans for $10 billion in total fundingâincluding $8 billion in PPP loan approvals as part of government COVID-19 relief. Great results. As of July 2020, Lendio reported to have facilitated $10BN in total funding for the PPP program. The processes was seamless, easy, and if I was ever missing anything real people reached out to assist me. In fact, Lendio has facilitated $5.8 billion in PPP relief funding with an average of $82,000. I thought it to be a good idea. I am seriously so grateful for Lendio's support. Also, not sure how possible this is by it's best to have one CSR assigned to your loan app. Excellent support to help us get out first ppp loan. Lendio sent loan documents to us on 1/29/2021. Lendio helped my business in obtaining a much needed SBA PPP second round loan, it was a much easier process than when I applied for a first round PPP loan last year through another bank. 2/20/2021 Update Thank you and the team for all the hard work to make this opportunity possible. However, I didn't get any concrete answers regarding why the documents I provided was sufficient or not. No delays and the applicate was short and sweet. Easy to apply and get funding and great communication. I have officially just excepted the facf that I will not get help. Sheâs very committed to helping all of us right now. Last night Congress finally passed a new round of stimulus funding. Lendio Review Lendio Small Business Loans Review ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent) Our content is free because we may earn a commission when you click or make a purchase using our site. So, when second PPP chance came around I tried Lendio, and I am so grateful that I did! Although I have not yet received my approved funding as of yet, my experience with Lendio has been smooth and efficient. For the most part the Lendio service was seamless and simple. It doesn't seem worth the effort to upload or email documents particularly since I am just transferred to someone else to start the process. Overall, I really appreciated the successful outcome, especially in a relatively short period of time. Your website asks for a Schedule C, I uploaded one. Thanks James. This is at least third account manager we've had, and she (nor the others) ever respond. Great communication amd very helpful thru and thru!! With some loans, repayment occurs when a percentage of your monthly business receipts are automatically transferred to the lender on a daily basis. And we got 2 1/2 times more money with Lendio than the other bank. I've called, texted, and emailed the account manager (of which we have had multiple) and no one will ever get back to us. Good follow up. I completed my 2020 taxes and reached out to L__a twice to advise and I must have called the phone number over 20 times, no response. However, your credit score won't be negatively affected. Been at it for months. The terms ⦠Lendio is better suited to meet the needs of small businesses that need such funds in a prompt manner.
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