Lendzi Review: A Legit Business Loan Marketplace (2025)
- Min. Amount
- $5,000
- Max. Amount
- $20,000,000
- APR
- Varies by lender
Our verdict
A highly rated business loans marketplace, but rates and fees aren’t disclosed.
Lendzi is a financial consultant and business loans marketplace that has 60+ lending partners. A single application lets you compare multiple lenders at once, and some funding options are available as soon as the next day. If you need help, Lendzi’s highly regarded loan specialists can help to guide you through the process. However, some of its loan products are on the pricier end of business financing, rates and fees aren’t disclosed on its website and it only discloses a handful of its lending partners.
Best for: Business owners of all credit types who are looking to compare multiple loan options in one place.
Pros
-
Fast funding possible
-
Options for poor credit
-
In-house loan specialists to guide you
Cons
-
Rates and fees aren’t disclosed
-
Some loan options are pricey
-
Full list of partners isn’t available
Is Lendzi legit?
Yes, Lendzi is legit. The company was founded in 2020 and has been accredited by the Better Business Bureau (BBB) since 2020, with an A+ rating as of 2025. BBB records show it has a license issued by the Secretary of State-Corporations. Through its partnerships, it has overseen more than $500 million raised for entrepreneurs across the US.
What makes Lendzi shine?
- 60+ lending partners. Lets you compare multiple loan options with one simple application.
- No hard credit pull to apply. You can check your options without hurting your credit score.
- Works with many credit types. Offers financing for borrowers across a wide range of credit scores.
- Online or phone support. You can apply online or speak with a loan officer for help choosing the right option.
- Fast funding. In some cases, you could receive funds in as little as 24 hours.
- Strong customer reputation. Earns high ratings with reviews praising helpful, professional loan officers.
Where Lendzi falls short
- Limited lender transparency. The website only shows a few of the lenders Lendzi works with.
- No rate information up front. Unlike competitors like Lendio, Lendzi doesn’t disclose even a range of potential loan rates on its site.
Lendzi business loan details
| Minimum credit score/credit range | No minimum credit score |
| APR | Varies by lender and loan type |
| Loan amount | $5,000 to $20 million |
| Terms | Varies by lender |
| Approval turnaround | As soon as 24 hours |
| Availability | Available in all states |
| Fees | Varies by lender and loan type |
| Other fees | Unknown |
Lendzi contact info
| Phone number | 877-453-6394 |
| Customer service hours | Not stated |
| info@lendzi.com | |
| X, formerly Twitter | @lendziloans |
| Lendzi |
How to qualify for Lendzi
While eligibility requirements vary by the type of loan and lender — and aren’t specifically spelled out by Lendzi — the general requirements for getting a business loan include:
- Minimum personal credit score of 500
- Annual revenue of $120,000 or more
- Preferably one to two years in business
Because Lendzi offers so many types of business loans, the eligibility depends on the type of loan or financing you choose. SBA loans tend to have stricter criteria, while merchant cash advances and invoice factoring have more relaxed requirements — but you may pay higher rates or fees with these options.
How to apply
To apply with Lendzi, follow these steps:
- Call or prequalify online with a soft credit check.
- Review your loan offers and formally apply.
- Accept your loan’s terms, including APRs, fees and repayment schedule.
- Follow your repayment plan.
While most business loans offered through Lendzi won’t come with prepayment penalties, keep in mind that some loans, like SBA loans, carry prepayment penalties and other fees. Make sure you’re aware of any additional fees before you sign your loan agreement.
How Lendzi compares to other lenders
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Lendzi reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 4.93 out of 5 stars, based on 435 customer reviews |
| Trustpilot Score | 4.9 out of 5 stars, based on 1,250 customer reviews |
| Customer reviews verified as of | 19 February 2025 |
Lendzi is highly rated on both the BBB and Trustpilot, with very few complaints. Satisfied customers praise the fast approval and funding process and excellent customer service with professional and knowledgeable loan specialists. But a few people had issues with refinancing, and others complained of high rates and poor communication.
What do people on Reddit say?
Frequently asked questions
If I have bad credit, can I still apply to Lendzi?
Yes. Lendzi says it works with people who have all kinds of credit scores. If you have bad credit, it works with you to find a financing option that fits your needs.
Is Lendzi a direct lender?
No, Lendzi is a financial consulting firm and business loans marketplace. It doesn’t finance loans itself but instead directs business owners to its lending partners.
Your reviews
Lacey Finder
Writer
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