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

Our verdict

Our verdict

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.

Pros

• 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

Cons

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

4.7

★★★★★

Finder rating

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Min. Amount

$5,000

Max. Amount

$2,000,000

APR

Starting from 3.9%

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Lendzi

Learn more and apply on Lendzi's secure site

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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.

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

★★★★★

Finder rating 4.7 / 5

Go to site

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Loan amount

$5,000 – $2,000,000

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APR

Starting from 3.9%

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Loan term

Not stated

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Requirements

525+ credit score, one year in business, at least $50,000 annual revenue

National Business Capital business loans

★★★★★

Finder rating 4.3 / 5

Go to site

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Loan amount

$100,000 – $10,000,000

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APR

Starting at 1.5%

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Loan term

6 to 120 months

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Requirements

1+ Year in Business, $500,000 in Annual Revenue

Lendio business loans

★★★★★

Finder rating 4.8 / 5

Go to site

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Loan amount

$1,000 – $5,000,000

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APR

Starting at 3%

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Loan term

2 to 25 years

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Requirements

Operate business in US or Canada for 6 months or more, have a business bank account, 500 personal credit score, at least $8,000 in monthly revenue

Lendzi reviews and complaints

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.