Frequently asked questions
57 articles
Is Lendio a direct lender? Is Lendio a bank?
Does Lendio offer grants?
What is the difference between a long-term and short-term loan?
What is the difference between a small business administration (SBA) loan and a small business loan?
What is the difference between personal and business bank accounts?
What’s an Employer Identification Number (EIN)? Do I need one?
What is the difference between a personal and business credit score?
What is underwriting?
What is the annual percentage rate (APR)?
What is loan stacking?
What is IRS Form 1065?
What is a Schedule K-1?
What is a working capital advance and how does it work?
What is a corporate credit card?
What is a small business loan?
What is a sole proprietorship?
What is a limited liability company (LLC)?
What is a legal partnership?
What is a corporation?
What is a personal credit score?
What is a business credit score?
What is a DBA?
Can I still apply for a PPP loan in 2024?
Is Lendio Legit?
What happens if I miss a payment or default on the financing?
If I accept an option in my account, do I receive the funds immediately?
Who is actually lending me money?
What is Lendio’s relationship with Meow?
Who is actually lending me money?
How do I establish good business credit?
My Funding Expert advised me to reapply for an SBA loan in 2-3 months. What are the next steps?
What is my current funding balance? How can I see it?
Can I get another loan?
What's the difference between a refinance and a renewal?
I've had this financing for a few months; can I renew it?
When it's time for renewal, do I work with the funder or do I contact Lendio?
If I was approved for funding and didn't take the full amount at the start, can I still access the difference later?
Can I make adjustments to my payment schedule?
Does Lendio offer start-up loans?
Does Lendio offer grants for startup businesses?
What are the requirements to get a small business startup loan?
What is a startup business loan?
Is it hard to get a business loan to start a business?
Can I get a startup business loan with bad credit?
What is the average business startup loan?
How much financing do your lenders offer for startups?
How can a startup loan accelerate my small business?
How can I improve my chances of getting a good ETRAN score (and SBA loan approval)?
What is the ETRAN system?
What is an ETRAN score?
Is the ETRAN score the only factor in SBA loan approval?
How does the ETRAN system work in evaluating my application?
Does the ETRAN system speed up the loan approval process?
What happens if my ETRAN score is low?
Can I find out my ETRAN score?
Do I need a good ETRAN score to get an SBA loan?
What factors influence my ETRAN score?