Lendio Funding Rates And Fees
Lendio Funding Rates And Fees
Lendio is an online lending platform that connects small business owners with lenders. The company offers a variety of loan products, including term loans, lines of credit, and equipment financing. Lendio also provides business owners with access to free financial tools and resources. This article provides an overview of Lendio's funding rates and fees, as well as the eligibility requirements for its loan products.
Lendio Funding Rates And Fees
Lendio is an online lending marketplace that connects small business owners with lenders. The company offers a variety of loan products, including term loans, lines of credit, and equipment financing. Lendio's funding rates and fees vary depending on the type of loan, the borrower's credit score, and the amount of money borrowed.
Lendio Term Loan Rates
Lendio's term loan rates start at 5.99% APR for borrowers with excellent credit. The maximum APR is 35.99%. The interest rate on a term loan is fixed, which means that it will not change over the life of the loan. Term loans are typically repaid over a period of 1 to 5 years.
Lendio Line of Credit Rates
Lendio's line of credit rates start at 6.99% APR for borrowers with excellent credit. The maximum APR is 35.99%. The interest rate on a line of credit is variable, which means that it can change over the life of the loan. Lines of credit are typically repaid over a period of 1 to 3 years.
Lendio Equipment Financing Rates
Lendio's equipment financing rates start at 6.99% APR for borrowers with excellent credit. The maximum APR is 35.99%. The interest rate on an equipment financing loan is fixed, which means that it will not change over the life of the loan. Equipment financing loans are typically repaid over a period of 1 to 5 years.
