GRANT · HOW TO WIN THIS
Loan amount varies; determined by matched lender.
Rolling — apply any time, no deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Over 400,000 loans have been funded through the platform, suggesting a reasonably high match rate, but approval depends entirely on the lender you're matched with.
Because Lendio is a marketplace and not a direct lender, your odds vary by lender, credit profile, and business financials. There is no published approval rate.
WHAT IT TAKES
Complete the online application with basic business and funding details — 15–30 minutes
Review lender matches and select an offer — Same day to a few business days
Complete lender's underwriting and receive funds — As fast as 24 hours; typically under 3 weeks
WORTH KNOWING
Submitting the initial application does not affect your personal credit score, but accepting a funding offer may result in a hard credit inquiry depending on the lender.
MORE LIKE THIS
Community 1st Credit Union
Varies; loan terms depend on business type and credit profile.
Iowa-based small businesses and startups can apply for business loans through this CDFI credit union on a rolling basis.
Afena Federal Credit Union
Varies; personal and business loans from $200 up to undisclosed amounts depending on product.
Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.
The Bridgeway Federal Credit Union
Varies; specific loan amounts not published.
Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.
$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.
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