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Merchant Cash Advance
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Last Updated: 04/18/2025

Lendio Merchant Cash Advance

in Merchant Cash Advance from Lendio

Last Updated: 04/18/2025

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Factor Rate

N/A

Amount Range

$5,000 - $2,000,000

Minimum Revenue

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APR (Fee-Based Product)

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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 are 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 amount.

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.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Lendio Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
  • Bank account information
  • Business formation documents
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

4100 Chapel Ridge Road
Suite 500
Lehi, UT 84043
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Hours of Operation

Sunday
Closed
Monday
Invalid DateTime - 7:00PM
Tuesday
Invalid DateTime - 7:00PM
Wednesday
Invalid DateTime - 7:00PM
Thursday
Invalid DateTime - 7:00PM
Friday
Invalid DateTime - 7:00PM
Saturday
Closed

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