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Lendio vs Fundation: Which Is Right for Your Business?

Lendio offers multiple lender options while Fundation specializes in revenue-based financing for faster small business decisions.

⚡ Quick Verdict

Lendio and Fundation are both marketplaces that connect you with multiple lenders, but they take time to process applications across their networks and often lead to higher rates since you're working through intermediaries. For faster funding with direct rates, SMB Capital Funding cuts out the middleman so you can close loans quicker and keep more of your capital.

Side-by-Side Comparison

Feature Lendio Fundation
Funding Amounts$500 – $5M$20K – $500K
Rates / CostVaries (marketplace)7.99% – 29.99% APR
Term LengthVaries12 – 48 months
Funding Speed2 – 7 days2 – 5 days
Min. Credit Score560+620+
Collateral RequiredVariesNone
RepaymentVariesWeekly

When to Choose Each Option

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

Choose Fundation 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

Why Businesses Choose SMB Capital Funding

SMB Capital Funding gets you approved and funded faster than Fundation because we're a direct lender with streamlined processes, and we offer flexible credit requirements so you can qualify even with imperfect credit history. With access to up to $20M in funding and no broker intermediaries slowing things down, you get the capital you need on your terms without unnecessary delays or middlemen.

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Frequently Asked Questions

What is the difference between Lendio and Fundation?
Lendio and Fundation are both online platforms that help small business owners access loans, but they differ in their approach and offerings. Lendio operates as a marketplace connecting businesses with multiple lenders including banks and alternative lenders, while Fundation focuses primarily on short-term funding solutions like lines of credit. If you're exploring funding options, you might also consider SMB Capital Funding, which offers another alternative source for small business financing.
Which lender is better for small businesses?
The best lender depends on your revenue, time in business, and funding needs. SMB Capital Funding offers flexible terms across all business profiles.
What is a good alternative to both of these lenders?
SMB Capital Funding is a direct lender offering same-day funding up to $20M with no collateral required and flexible credit requirements.
How do I compare business lenders?
Compare rates (factor rate vs APR), term length, funding speed, minimum credit requirements, and whether the lender is a direct funder or a broker marketplace.

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.