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Lendzi Review: Expert Analysis & User Insights for 2023

If you’ve been rejected by lenders in the past, Lendzi may be able to help you secure the funding you need. As a direct lender, in addition to more than 75 partnerships, Lendzi is welcoming to fair credit borrowers and offers a variety of funding types for established and startup businesses.

Lendzi review
Lendzi logo
No minimum credit requirement
No minimum credit requirement
Flexible terms
Flexible terms
Competitive starting rates
Excellent customer reviews
Personal Finance Expert
Written by:Lindsay Frankel
Personal Finance Expert

Reviewed by: Sarah Brooks, Personal Finance Writer and Editor

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses or reviews expressed in this article are those of the author alone and have not been approved or endorsed by any partner.

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses or reviews expressed in this article are those of the author alone and have not been approved or endorsed by any partner.

Expert Reviewers’ Verdict

Lendzi offers competitive starting rates on many business funding products, without strict credit requirements, but businesses will need to have at least $180,000 in annual revenue to apply, and a funding call is required. Lendzi is best for business owners of all credit profiles who want to compare their lending options and don’t require an entirely online application process. The lender offers merchant cash advances, working capital loans, equipment financing, business lines of credit, and more. 

Summarized Ratings

Loan Features4
Interest Rates and Fees3
Qualification Requirements4
Application Process3
Soft-pull Impact on Credit Score 5
Customer Support4.5
User Reviews4.5

This parameter considers loan terms, repayment optionality, and loan limits. For each financing arrangement offered, each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.

Lendzi has a 4.0 for Loan Features, which reflects its wide range of term lengths on each product. Lendzi has moderate borrowing limits relative to other lenders, only allowing unsecured funding of up to $500,000. 

Lendzi Overview

Lendzi is a direct lender and lending partner that has provided over $500 million in funding to small businesses. The company was founded in 2020 by professionals with 20 years of combined experience in the alternative lending space. Lendzi is well-reviewed by customers on third-party websites and offers competitive pricing on term loans, lines of credit, invoice factoring, and more. 


Lendzi Pros and Cons

Lendzi Pros
Competitive starting rates on most products
No minimum credit requirement
See your options without hurting your credit
Excellent customer reviews on independent review sites
Options for startups with six months of business history
Flexible terms
Offers a variety of resources and calculators
Lendzi Cons
Application process may require multiple phone calls
Must have at least $180,000 in gross annual revenue to qualify
High starting rates on short-term loans

Lendzi Features

Lendzi offers seven loan products with varying borrowing amounts and term length choices. Borrowing amounts typically range from $5,000 to $500,000, excluding SBA loans which can be as large as $5 million. Term lengths are as short as three months for working capital loans and merchant cash advances, and long-term loans and equipment financing are available with terms up to 84 months. Below is a breakdown of the terms and borrowing limits offered with each product.

ProductTerm LengthMin-Max Amount
Merchant Cash Advance3 to 15 months$5,000 to $400,000
Business Line of Credit6 to 12 monthsUp to $250,000
Working Capital3 to 15 monthsUp to $400,000
Equipment Finance12 to 84 monthsUp to $2 million
Short-Term LoansUp to 24 months$5,000 to $250,000
Long-Term Loans6 to 84 months$25,000 to $500,000
SBA LoansUp to 10 yearsUp to $5 million

Lendzi Interest Rates and Fees

Because Lendzi partners with multiple lenders to offer multiple products, interest rates and fees vary depending on the option you choose. Some lenders may charge origination fees, prepayment penalties, and late fees, while others may not. Depending on the product you choose, you can expect the following interest rates:

ProductInterest Rate
Merchant Cash AdvanceFactor rate starting at 1.10
Business Line of CreditInterest rate starting at 6.2%
Working CapitalFactor rate starting at 1.15
Equipment Finance3.49% to 28% APR
Short-Term LoansStarting at 29.9% APR
Long-Term Loans11.29% to 30.12%
SBA Loans6.5% on average

Lendzi Qualification Requirements

The ideal candidate for Lendzi business funding has two years of business history, $1 million in annual revenue, and a FICO score of at least 650. But Lendzi’s minimum requirements are much more lenient, and borrowers with any credit score are welcome to apply. That said, business lines of credit and term loans are targeted at borrowers with a 625 FICO score or higher.  

Minimum Credit ScoreAny
Minimum Annual Revenue$180,000
Minimum Time in Business6 months
Other requirementsAt least 50% ownership

Lendzi Business Funding Application Process

To begin the application process, you’ll select your business structure and click “Get Funding Now.” At any time during the process, you can call 877-453-6394 or use the live chat for assistance. Filling out the initial form will not result in a hard credit pull or impact your credit score in any way. 

Start by telling Lendzi how much money you need, and on the next page, enter the name of your business. You’ll then estimate the amount of time you’ve been in business and your monthly gross income. 

On the next page, select an option for how you plan to use the funds. You can select expansion, equipment purchase, inventory, import goods, payroll, marketing, commercial real estate, remodeling, refinancing, and more. If none of the options fit your needs, you can also select “other.” Click “Next” when you’re ready to proceed. 

Next, you’ll estimate your credit score, and then select your industry from the dropdown menu. Lendzi works with a variety of businesses, from food & beverage establishments to telecommunications companies. 

The final step is to fill out personal details, such as your income, zip code, name, phone number, and email address. When you’re done, Lendzi will let you know who will be reaching out to you for the initial sales call.    

After the initial call, you’ll choose your funding option. When the underwriting process begins, a hard credit check will be conducted. Once you’re approved, you’ll need to verify your bank account and participate in a funding call before the money will be deposited into your account. This can happen in as little as 24 hours after your application.

Lendzi Customer Support

If you need assistance from Lendzi, you can fill out this online form, call 1-877-4LENDZI, or enter your name and email to start using online chat. You can also reach the company by email at, and Lendzi has offices in Los Angeles, New York, Austin, and Boca Raton. However, the company doesn’t disclose its call center hours. 

Lendzi Online Reviews

Lendzi has 2,000+ 5-star reviews across Trustpilot, Google, and the Better Business Bureau. Borrowers say the customer service team is friendly and professional, and many mention their representative by name. They also cite the speed and ease of the experience as reasons for their positive reviews, as well as transparency throughout. 

One customer even said that Lendzi beat every other rate offer they received. Few customers left negative reviews, but those who did either complained of being rejected, had poor experiences with communication, or were unhappy with the fees that Lendzi charged. 

The positive reviews are related toThe negative reviews are related to 
Friendly and professional customer servicePoor communication
Fast, easy, and transparent processRejection after multiple calls
Competitive ratesHigh fees

Lendzi Perks and Bonuses


Lendzi doesn’t directly offer specific discounts or rewards on their products, but their partner lenders may offer these benefits. For example, some lenders offer a prepayment discount on term loans. Lendzi also does not have a formal hardship program that would allow borrowers to skip payments, though the company may be able to work with you depending on your individual situation. 


Customers say the team at Lendzi clearly explains everything by phone, and there are plenty of website resources you can use to educate yourself about different types of business funding. Lendzi also offers several calculators you can use to make informed decisions about your borrowing needs and qualifications. 


Unlike many online lenders, Lendzi doesn’t offer an entirely online application, nor does the company disclose how payments are handled. Lendzi also doesn’t offer a mobile app. 

Lendzi Alternatives

American Express Business BlueprintTM

American Express Business BlueprintTM offers lines of credit from $2,000 to $250,000. The lender’s monthly fees range from 3% to 9% for six-month terms, 6% to 18% for 12-month terms, and 9% to 27% for 18-month terms. American Express Business BlueprintTM requires a 640 minimum credit score to qualify and an average monthly revenue of at least $3,000. However, all businesses are unique and are subject to approval and review. Because of this, smaller businesses may find the company is a better fit for their needs than Lendzi.

Backd Business Funding

For businesses looking for higher borrowing limits, Backd is an excellent option. You can get a line of credit up to $750,000 or a working capital loan up to $2 million, higher limits than most other companies offer. Like Lendzi, Backd is well-reviewed by customers and accessible to fair credit borrowers, since the company works with partners to fund loans for people who may not otherwise qualify. However, you’ll need at least $100,000 in annual revenue to qualify, and Backd doesn’t disclose any of its borrowing rates or fees online. That said, it’s easy to check your rate without hurting your credit. 

Final Thoughts

Because Lendzi works with more than 75 partners to offer a variety of products, the lender can meet the needs of most small businesses. Lendzi is a great choice if you’d like some assistance reviewing your options, and borrowers have great things to say about the customer service team, but the mandatory phone calls may deter business owners who prefer to transact online. Lendzi may not be as fast or offer as many digital loan management tools as other lenders, either. But if your business earns at least $180,000 in annual revenue, Lendzi is a great starting point on your search for small business funding. 

About the Author

Lindsay Frankel

Written by: Lindsay Frankel

Personal Finance Expert

Personal finance expert with 3 years experience specializing in researching, writing, and editing insurance, loans, and credit cards content

More about me
Sarah Brooks Personal Finance Writer and Editor

Reviewed by: Sarah Brooks

Personal Finance Writer and Editor

Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.

More about me