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Equipment Financing vs Lendio: Which Is Right for Your Business?

Equipment Financing offers direct lender options, while Lendio connects you to multiple lenders for faster comparison shopping.

⚡ Quick Verdict

Equipment Financing from SMB Capital Funding offers direct lending with faster approval and predictable payments tied to your specific assets, while Lendio functions as a marketplace that routes your application to multiple lenders, adding complexity and varying terms. Choose SMB Capital Funding if you want a straightforward equipment loan with one trusted lender who understands your needs.

Side-by-Side Comparison

Feature Equipment Financing Lendio
Funding Amounts$10K – $5M$500 – $5M
Rates / Cost6% – 18% APRVaries (marketplace)
Term Length12 – 60 monthsVaries
Funding Speed3 – 7 days2 – 7 days
Min. Credit Score600+ preferred560+
Collateral RequiredEquipment itselfVaries
RepaymentMonthly installmentsVaries

When to Choose Each Option

Choose Equipment Financing when:

  • You need funding fast (same day possible)
  • Your credit score is below 640
  • You want to avoid collateral requirements
  • You need amounts from $10K up to $20M
  • You prefer a direct lender with no broker fees

Choose Lendio when:

  • You already have an established relationship with Lendio
  • Your business revenue primarily flows through their platform
  • You need amounts in the $500 – $5M range
  • You prefer their Varies repayment structure
  • You've been declined elsewhere and want to explore all options

Why Businesses Choose SMB Capital Funding

SMB Capital Funding offers faster funding decisions and disbursement times compared to Lendio's marketplace model, allowing business owners to access capital when they need it most. Additionally, SMB Capital Funding works directly with borrowers as a direct lender rather than acting as a broker, provides more flexible credit requirements, and can offer loan amounts up to $20M, giving small business owners greater access to substantial capital without intermediaries.

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Frequently Asked Questions

What is the difference between Equipment Financing and Lendio?
Equipment Financing is a specific type of loan used to purchase machinery, vehicles, or other business equipment, while Lendio is a lending marketplace platform that connects small businesses with multiple lenders offering various loan products including equipment financing, term loans, and lines of credit. Lendio helps you compare options from different lenders, whereas traditional equipment financing is typically a direct loan from a single lender specifically for equipment purchases. If you're looking for equipment financing options, you might also consider SMB Capital Funding, which specializes in helping small businesses access the funding they need for equipment
How quickly can I get funded?
SMB Capital Funding offers same-day to 48-hour funding for most products. Simply apply online and our team will reach out within minutes.
Is there a minimum credit score?
Most of our working capital products are available with a 550+ credit score. We look at your overall business health, not just your credit score.
Do I need collateral?
Most of our short-term business funding products require no collateral. Equipment financing uses the equipment itself as collateral.

SMB Capital Funding is a direct lender offering working capital solutions to US-based small businesses. Funding amounts and terms vary based on business qualifications. This comparison is provided for informational purposes. All products subject to approval.