As a lending marketplace, Lendio partners with all sorts of different lenders (both online lenders and traditional lenders). And all those different lenders offer all sorts of loan types. So with one application to Lendio, you can get considered for loads of different loan options:
- Term loan
- Line of credit
- Merchant cash advance
- Commercial real estate loan
- Accounts receivable financing (aka invoice factoring)
(That’s not even a comprehensive list.)
Kabbage, meanwhile, offers exactly one type of financing: a business line of credit.
And sure, lines of credit offer very versatile working capital. (You use them kind of like a credit card, by borrowing, repaying, and borrowing again.) But if you need to buy a new building, say, or get cash from unpaid invoices, then you’ll probably want something more specialized―which is where Lendio’s loan choices come in handy.
Plus, Lendio partners with more than 75 lenders (including Kabbage itself!). So even if you want a line of credit, Lendio will let you compare lines of credit from different lenders.
Put simply, Lendio has a ton of loan options―and that gives you the chance to find the perfect loan (or other type of financing) for your business.