Lendio Merchant Cash Advance

Lendio Merchant Cash Advance

in Merchant Cash Advance from Lendio


Lendio Merchant Cash Advance


in Merchant Cash Advance from Lendio

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Factor Rate N/A
Loan Amount $5,000 - $2,000,000
Minimum Revenue N/A
APR  (Fee or Charge Based Product) N/A

Lendio Merchant Cash Advance Review

Lendio Merchant Cash Advance is offered by Lendio, a marketplace lending platform founded in 2011 and based in Lehi, UT. Lendio Merchant Cash Advance is available in 50 states (and Washington, DC).

Lendio Merchant Cash Advance FAQ

Does Lendio Merchant Cash Advance charge prepayment fees?

Yes, Lendio Merchant Cash Advance charges additional fees to borrowers who pay off their Lendio Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a Lendio Merchant Cash Advance early.

How much cash can you advance from Lendio Merchant Cash Advance?

Cash advance amounts start at $5,000 and go up to $2,000,000.

What types of repayment method does Lendio Merchant Cash Advance accept?

Lendio Merchant Cash Advance accepts the following repayment method from the Merchant:

  • ACH withholding

How often does Lendio Merchant Cash Advance process payments?

Lendio Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Lendio Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Lendio Merchant Cash Advance charge an origination fee?

Yes, Lendio Merchant Cash Advance charges a origination fee.

What is the minimum repayment amount required by Lendio Merchant Cash Advance?

There is no minimum repayment ammount.

What are the business financing requirements for Lendio Merchant Cash Advance?

To apply for Lendio Merchant Cash Advance, you need to provide the following business documentation:

  • Business certificate
  • Business license
  • Business bank account

What do you need to qualify for Lendio Merchant Cash Advance?

Applicants with a credit score of at least 550 and up to 850 may be eligible for Lendio Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Lendio Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Lendio Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Lendio Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Government issued photo ID
  • Proof of identity

What limitations does Lendio Merchant Cash Advance set on the purpose of the merchant cash advance?

Lendio Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

  • Equipment purchase
  • Inventory
  • Lease improvement
  • Marketing
  • Product or service expansion
  • Technology investment
  • Working capital
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Hours of Operation

  • Sunday Closed
  • Monday 6:30am - 7:00pm
  • Tuesday 6:30am - 7:00pm
  • Wednesday 6:30am - 7:00pm
  • Thursday 6:30am - 7:00pm
  • Friday 6:30am - 7:00pm
  • Saturday Closed

Other Services by Lendio


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 550 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Technology Investment
  • Marketing
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods ACH Withholding
Loan Amount $5,000 - $2,000,000
Loan Term Up to 24 months

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