Lendio vs. LendingTree Loans 2021

See how loan options, borrower requirements, and other factors compare between Lendio and LendingTree.
Best for business loans
Lendio
Lendio
4 out of 5 stars
4.0
Starting at
4.25% interest
  • Icon Pros  Dark
    Loans, lines of credit, and more
  • Icon Pros  Dark
    Days-long approval process
  • Icon Pros  Dark
    4.7 Trustpilot score1
Best for personal loans
No listed rates
  • Icon Pros  Dark
    Loans, lines of credit, and more
  • Icon Pros  Dark
    Days-long approval process
  • Icon Pros  Dark
    4.5 Trustpilot score2

Lendio vs. LendingTree

Let’s talk lending marketplaces.

Lendio and LendingTree are two of the most popular loan marketplaces out there, offering small-business owners the chance to shop around for loan offers with just one funding application. That gives you the chance to see all your financing options and find the best deal―but which lending marketplace does it better?

Well, we’ve found that Lendio is the best business loan marketplace―and in this article, we’ll tell you why. We’ll compare factors like loan options, borrower requirements, and funding processes so you can see which lending company you ought to go with.

Compare Lendio vs. LendingTree

As we’ve said, Lendio and LendingTree are both loan marketplaces (or lending marketplaces, if you prefer).

Since you’re interested in these two companies, you probably already have a pretty good idea of what that means―that they partner with lenders rather than extending loans themselves, that they let you compare your personalized loan options, and so on. You can think of them as business loan brokers, really.

Lendio vs. LendingTree overview

Factor
Lendio

Lendio

LendingTree Logo

LendingTree

Lender typeLoan marketplaceLoan marketplace
Business loans
Icon Yes  DarkYes
Icon Yes  DarkYes
Personal loans
Icon No  DarkNo
Icon Yes  DarkYes
Lowest starting rate4.25% interestUnlisted
Max loan amount$5 millionUnlisted
Business lending partners9675+

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

So Lendio and LendingTree work in a pretty similar way. But the details matter―and that’s where Lendio and LendingTree start to look pretty different.

Most flexible borrower requirements: Lendio

For starters, Lendio has more flexible (and more clear) borrower requirements than LendingTree does.

LendingTree doesn’t actually publish any application requirements. But if you submit an application with less than $200,000 in revenue or two years in business, LendingTree will tell you it can’t match you with any lender partners. It does note, however, that it has lenders that can work with pretty much any personal credit score.

Lendio vs. LendingTree borrower requirements

Lender
Min. credit score
Min. revenue
Min. time in business
Lendio

Lendio

560$50,000/yr.6 mos.
LendingTree Logo

LendingTree

Unlisted$200,000/yr.2 yrs.

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Lendio, on the other hand, lets you submit a loan application even if your business is less than one year old. It also has lower minimum revenue requirements, and it too can work with bad credit.

Of course, with any lending marketplace, borrower requirements will vary between different lenders and financing types. But Lendio has overall lower, more flexible borrower requirements, making it better for young and growing businesses.

Best business loan options: Lendio

Aside from letting you apply with lower qualifications, Lendio also lets you apply for more types of business loans.

Both Lendio and LendingTree have common types of business loans:

  • Accounts receivable financing (aka invoice factoring)
  • Business line of credit
  • Equipment financing
  • Long term business loans
  • Merchant cash advance
  • Short term business loans
  • SBA loans
  • Startup business loans
  • Working capital loans

And sure, a list like that offers plenty of loan options for most business needs. But Lendio adds a couple more key types of business financing:

Given how expensive buying a business or buying real estate can get, it’s often best to use specialized loans for those purposes (rather than any old term loan or line of credit). So while LendingTree has enough lending options for most day-to-day business expenses, Lendio has better business loan options for some big expenses.

Now, LendingTree does also offer personal loans, while Lendio does not. In fact, LendingTree can help you with everything from auto loans to home mortgages to student loans. But since this is Business.org, we’re really focusing on business loan options―so we’re still giving the point to Lendio.

Best Small-Business Loans
Lendio
Best overall
4 out of 5 stars
4.0
Fundera by NerdWallet
Best for SBA microloans
3.9 out of 5 stars
3.9
Funding Circle
Best for established businesses
3.8 out of 5 stars
3.8
BlueVine
Best for fast funding
3.7 out of 5 stars
3.7
Fundbox
Best for young businesses
3.6 out of 5 stars
3.6
Learn more about our top brands.

Best application process: Lendio

We’ve already told you that Lendio and LendingTree have similar business loan application processes: You fill out a brief online application, and then you get matched with potential loan offers. But between these two business loan brokers, we prefer Lendio’s process.

That’s partially because Lendio always gives you a dedicated loan specialist (your “personal funding manager”) to help explain your options and answer your questions. LendingTree offers to let you chat with someone, but you can also just view your matches yourself.

And that might be fine, except LendingTree doesn’t seem to put much work into the matchmaking. Its initial application is very brief compared to Lendio’s. They both ask about your credit score, revenue, business type, and so on―But Lendio also asks some extra things:

  • What matters most to you in a loan (speed vs. loan amounts vs. loan costs)
  • Special considerations about your business (such as nonprofit status, seasonality, and whether you invoice customers)
  • How much of the business you own
  • How much profit you make (rather than just revenue)

Lendio also asks for some initial documentation as part of your application. That helps it do a better job of pre-qualifying you for a business loan (though you will still have to finalize your application directly with the lender you choose).

These extra questions allow Lendio to find you better loan matches. That means less wasted time for you if you get matched with, say, a lender that doesn’t work with nonprofits or seasonal businesses. (And again, your Lendio lending specialist can help you spot these kinds of potential issues.)

So while either lending site can help you find relevant business loans, Lendio has a more personalized touch that makes its application process better overall.

Grow your business today

Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

Best for business loans: Lendio

Lendio
Lendio
4 out of 5 stars
4.0

Starting at 4.25% interest

  • Lending marketplace
  • Days-long approval process
  • Several days (or more) to funding

With all its advantages, we recommend Lendio as the best option for most business owners.

See, Lendio is an all-around excellent lending marketplace. It offers a great selection of loans from a large list of lenders. And it doesn’t just stick to loans for everyday working capital, either―Lendio’s also got partners that can help with more specialized needs, like commercial real estate loans and business acquisition loans. Likewise, it has financing options even for young businesses without high revenue.

Plus, Lendio offers more details and transparency abouts its loans than LendingTree does. Lendio lists things like typical loan amounts, interest rates, and even borrower requirements for the different types of loans it offers―so you can have a better idea of what kind of financing you can qualify for.

Lendio business financing options

Product
Min./max loan amount
Lowest listed rate
Min. credit requirement
Get funding
Accounts receivable financingUp to 90% of invoice2% factor rateUnlisted
Business acquisition loan$5,000/$5 million5.5%Unlisted
Business line of credit$1,000/$500,0008%560
Commercial mortgage$250,000/$5 million4.25%Unlisted
Equipment financing$5,000/$5 million7.5%650
Merchant cash advance$5,000/$200,00018%N/A
Short term loan$2,500/$500,0008%Unlisted
SBA loanUp to $5 millionPrime+Unlisted
Startup loan$500/$750,0000%680
Term loan$5,000/$2 million6%Unlisted

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

And Lendio offers a more personalized loan matchmaking experience too. Its more thorough application process means you can get more tailored lender matches. Then, with the help of your personal lending specialist, Lendio can help you find which loan offer fits your business needs best.

So while Lendio can’t help you with personal loans like LendingTree can, it’s the better business loan marketplace. That’s why we recommend it as the first stop for most small-business owners.

(For even more on why we love Lendio, check out our Lendio review.)

Best for personal loans: LendingTree

LendingTree
2.3 out of 5 stars
2.3

No rates listed

  • Lending marketplace
  • Days-long approval process
  • Several days (or more) to funding

While you definitely can explore your business loan options with LendingTree, we’d stick to using it for personal loans.

LendingTree partners with both traditional financial institutions and alternative lenders to offer a wide variety of personal loans. It can help you get a car loan, a home mortgage, or a student loan. Likewise, LendingTree can help you refinance and consolidate existing loan or credit card debt.

And sure, LendingTree partners with business lenders too. But as we’ve explained above, Lendio seems to do a better job with the small-business loan side of things. LendingTree doesn’t offer much information about the specific types of loans you can get or what it takes to get them. Even when you get matched with potential business lenders, LendingTree won’t give you any interest rate information.

LendingTree business financing options

Product
Min./max loan amount
Lowest listed rate
Min. credit requirement
Get funding
Business line of creditUnlistedUnlistedUnlisted
Equipment financingUnlistedUnlistedUnlisted
Long term business loansUnlistedUnlistedUnlisted
Merchant cash advanceUnlistedUnlistedUnlisted
Short term business loansUnlistedUnlistedUnlisted
SBA loansUnlistedUnlistedUnlisted
Startup business loansUnlistedUnlistedUnlisted
Working capital loansUnlistedUnlistedUnlisted

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Speaking of matches, LendingTree’s loan application is short and easy―but probably too short. Without getting enough detail from business owners, we suspect LendingTree is more likely to match you with loans that ultimately won’t work for you as a borrower.

That doesn’t make LendingTree a bad place to apply for a business loan―just a worse option than Lendio. So with all that in mind, we recommend sticking to using LendingTree for personal loan needs rather than business working capital.

Lendio vs. LendingTree FAQ

Is Lendio a legit lender?

Lendio is a legitimate business loan broker, but it’s not a lender itself. Instead, it partners with business lenders to help match you with the right loan for your business.

Who are Lendio lenders?

Lendio partners with more than 75 business lenders. Its list of lending partners includes plenty of lenders you may have heard of (like Bank of America and Kabbage) to lesser-known lenders (like Financial Pacific Leasing and Knight Capital Funding).

Who competes with LendingTree?

LendingTree competes with other personal and business loan marketplaces (like Bankrate, Funding Circle, and Lendio) as well as online lenders (like Kabbage and SoFi).

The takeaway

Both Lendio and LendingTree give you an easy way to match with and compare potential business loans. But Lendio offers the better experience overall, thanks to its additional types of business loans, more flexible borrower requirements, and more personalized loan application experience.

So while we’d still recommend LendingTree as a fine option for personal loans, we prefer Lendio for your business loan needs.

Want to see how Lendio compares to another business loan marketplace? Check out our comparison of Fundera vs. Lendio.

Methodology

We looked at factors like loan offerings, borrower requirements, customer reviews, and more to score Lendio and LendingTree. We based our reviews and recommendations on these scores.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Sources

  1. Trustpilot, “Lendio.” Accessed August 12, 2021.

  2. Trustpilot, “LendingTree.” Accessed August 12, 2021.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
Recent Articles
people talking around a table
10 Best Small Business Loans of 2021
Since nearly two-thirds of new businesses start with less than $50,000 in capital,1 a business...
Lendio vs Kabbage Lending
Lendio vs. Kabbage Lending 2021
Don’t know if you should get a line of credit with Kabbage or compare loans...
BlueVine vs. Kabbage Loans
BlueVine vs. Kabbage Loans 2021
Figure out which lender is better for your business by comparing loan types, costs, requirements,...
lendio-vs-lendingtree
Lendio vs. LendingTree Loans 2021
Which loan marketplace is better―Lendio or LendingTree? Business.org breaks down their pros and cons to...