Is Lendzi legit?
Yes, Lendzi is legit. The company was founded in 2020 and has been accredited by the Better Business Bureau (BBB) since 2020, with an A+ rating as of February 2025. BBB records show it has a license issued by the Secretary of State-Corporations. Through its partnerships, it has overseen more than $500 million raised for entrepreneurs across the US.
What makes Lendzi shine?
As a loan marketplace with 60+ partners, Lendzi makes it easy to compare multiple lenders with a single application. Applying doesn’t require a hard credit check, and there are financing options for borrowers with a wide range of credit scores.
Plus, you can apply online or call the company directly to find out if you qualify and get assistance from a loan officer to help you choose the best loan for your situation. If approved, you could get funding in as little as 24 hours in some cases.
Lenzi also stands out for its professional and knowledgeable customer service, with excellent ratings on the BBB and Trustpilot. Customer reviews give the company high marks, and many reviewers specifically praise loan officers by name for the guidance they received.
Where Lendzi falls short
Lendzi falls short for its lack of transparency. Its website lists just a handful of the lenders it works with. And unlike some of its competitors, such as Lendio, it doesn’t offer information on its website about the exact range of rates you can expect to pay on the types of loans you may get through Lendzi.
Lendzi business loan details
| Minimum credit score/credit range | No minimum credit score |
| APR | Varies by lender and loan type |
| Loan amount | $5,000 to $20 million |
| Terms | Varies by lender |
| Approval turnaround | As soon as 24 hours |
| Availability | Available in all states |
| Fees | Varies by lender and loan type |
| Other fees | Unknown |
Lendzi contact info
| Phone number | 877-453-6394 |
| Customer service hours | Not stated |
| info@lendzi.com | |
| X, formerly Twitter | @lendziloans |
| Lendzi |
How to qualify for Lendzi
While eligibility requirements vary by the type of loan and lender — and aren’t specifically spelled out by Lendzi — the general requirements for getting a business loan include:
- Minimum personal credit score of 500
- Annual revenue of $120,000 or more
- Preferably one to two years in business
Because Lendzi offers so many types of business loans, the eligibility depends on the type of loan or financing you choose. SBA loans tend to have stricter criteria, while merchant cash advances and invoice factoring have more relaxed requirements — but you may pay higher rates or fees with these options.
How to apply
To apply with Lendzi, follow these steps:
- Call or prequalify online with a soft credit check.
- Review your loan offers and formally apply.
- Accept your loan’s terms, including APRs, fees and repayment schedule.
- Follow your repayment plan.
While most business loans offered through Lendzi won’t come with prepayment penalties, keep in mind that some loans, like SBA loans, carry prepayment penalties and other fees. Make sure you’re aware of any additional fees before you sign your loan agreement.
How Lendzi compares to other lenders
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you’re comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Read the full Finder Score breakdown
Lendzi reviews and complaints
| BBB accredited |
Yes |
|---|---|
| BBB rating |
A+ |
| BBB customer reviews |
4.93 out of 5 stars, based on 435 customer reviews |
| Trustpilot Score |
4.9 out of 5 stars, based on 1,250 customer reviews |
| Customer reviews verified as of |
19 February 2025 |
Lendzi is highly rated on both the BBB and Trustpilot, with very few complaints. Satisfied customers praise the fast approval and funding process and excellent customer service with professional and knowledgeable loan specialists. But a few people had issues with refinancing, and others complained of high rates and poor communication.
What do people on Reddit say?
Surprisingly, we weren’t able to locate any conversation threads about Lendzi business loans on Reddit.
Frequently asked questions
If I have bad credit, can I still apply to Lendzi?
Yes. Lendzi says it works with people who have all kinds of credit scores. If you have bad credit, it works with you to find a financing option that fits your needs.
Is Lendzi a direct lender?
No, Lendzi is a financial consulting firm and business loans marketplace. It doesn’t finance loans itself but instead directs business owners to its lending partners.
