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Lendzi business loans review: Compare multiple business loans in one place.

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Edited by Holly Jennings
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Our verdict

A highly rated business loans marketplace, but rates and fees aren’t disclosed.

Founded in 2020, Lendzi is a business loans marketplace that lets you compare 60+ lenders with a single application. Choose from term loans, lines of credit, merchant cash advances (MCAs), invoice factoring and more. It partners with both traditional and alternative lenders and advertises competitive rates and quick funding. But you won't find any information about rates and fees on its website.

Best for: Any credit type business owner looking to compare multiple lenders in one place.


  • Options for bad credit
  • No hard credit checks
  • Highly rated by past customers on Trustpilot
  • Funds available in as soon as 24 hours
  • Direct lender for some loan types
  • Phone support available


  • Rates and fees aren't clear on its website
  • Full list of lending partners not available
  • Founders' information hard to find

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What makes Lendzi shine

As a loans marketplace with 60+ partners, Lendzi makes it easy to compare multiple lenders with a single application and according to a loan officer we spoke to at the company, never does a hard credit check at any time.

In addition to applying online, you can call the company directly to find out if you qualify and get help from a loan officer to choose the best loan for your situation. And if approved, you could get funding in as little as 24 hours in some cases.

Lenzi also stands out for its high customer service and Better Business Bureau (BBB) ratings. Customers who left reviews on Trustpilot and Google reviews give the company high marks, with many reviewers praising specific loan officers by name for the help they received.

Where Lendzi falls short

Lendzi falls short in the area of transparency. Its website lists just a handful of the lenders it works with, and unlike competitors like Lendio and Fundera, it doesn’t offer information on its website about the exact range of rates you can expect to pay on the various types of loans you may get through Lendzi.

Types of business financing Lendzi offers

While Lendzi doesn’t clarify specific rates for the loans offered through its website, Lendzi provided us with a range of rates and loan amounts you can expect for the types of loans it offers on its marketplace.

Type of financingLoan amountsMin credit scoreStarting APRTurnaroundLoan term
Line of creditUp to $250,000+625+Rates starting at 6.2% for 26 week payments.As soon as 24 hours6 to 36 months
Equipment financingUp to $2M550+Starts at 3.49%As soon as 24 hours12 to 84 months
Merchant cash advance$5,000 to $400,000525Factor rate of 1.1As soon as 24 hours3 to 15 months
Invoice factoring$100,000 to $20MN/AStarts at 9%1 to 5 days12 to 84 months
Short-term loans$5,000 to $250,000625+Starting at 29.9%1 to 10 daysUp to 24 months
Long-term loans$25,000 to $500,000660+11.29% to 30.12%1 to 10 days6 to 84 months
Working CapitalUp to $400,000500+Factor rates starting a 1.151 to 10 days3 to 25 months

How to qualify for Lendzi

While eligibility requirements vary by the type of loan and lender, the general requirements for getting a business loan with Lendzi include:

  • Minimum personal credit score of 500
  • Annual revenue of $50,000 to $150,000
  • 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 MCAs 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:

  1. Prequalify online with a soft credit check.
  2. Review your loan offer and formally apply.
  3. Accept your loan’s terms, including APRs, fees and repayment schedule.
  4. 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.

How Lendzi compares to other lenders

Compare Lendzi’s rates, terms and features to other popular business loan providers.

Lendzi logo



Finder rating 4.7 / 5

Loan amount

$5,000 – $20,000,000


Varies by lender

Loan term

6 months to 25 years


Minimum credit score of 500, minimum annual revenue of $50,000, preferably one to two years in business

Lendio business loans logo

Lendio business loans


Finder rating 4.8 / 5

Go to site

Loan amount

$1,000 – $5,000,000


Varies by lender

Loan term

3 months to 25 years


Operate business in US or Canada for 6 months or more, have a business bank account, minimum 500 personal credit score, at least $20,000 in monthly revenue

Olympus Business Capital logo

Olympus Business Capital


Finder rating 3.8 / 5

Go to site

Loan amount

$500 – $100,000


Not stated

Loan term


Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month

Lendzi reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4.94 out of 5 stars, based on 343 customer reviews
Trustpilot Score 4.9 out of 5 stars, based on 1,029 customer reviews
Customer reviews verified as of 08 March 2024

Ledzi gets overwhelmingly positive reviews from customers on Trustpilot, Google reviews and the Better Business Bureau website. On Trustpilot, virtually all reviews are positive, with many customers mentioning helpful, professional service and fast funding times. Of the negative reviews left, some mention higher-than-expected rates and fees.

Is Lendzi legit?

Yes, Lendzi is legit. The company was founded in 2020 and has been accredited by the BBB since 2020 with an A+ rating as of September 2023. BBB records show it has a license issued by the Secretary of State-Corporations. Through its partnerships, it has overseen an excess of $500 million raised for entrepreneurs across America.

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