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Easy to use
User-friendly interface
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Wide range of lenders
Access to multiple lenders
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Quick funding
Fast approval and funding process
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Limited loan options
Fewer loan options compared to other platforms
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High fees
Higher fees compared to other platforms
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Limited eligibility
Limited eligibility criteria for borrowers
- Opportunity to expand to new markets
- Opportunity to form partnerships with more lenders
- Opportunity to introduce new loan options
- Competition from other lending platforms
- Impact of economic downturn on borrower demand
- Impact of regulatory changes on lending industry
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Review Distribution
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High - rated users
Customers loved that Lendio made it easy to apply for PPP loans online from anywhere. Some customers wished they had a dedicated Lendio rep instead of talking to different reps each time. Easy online application process.Multiple reps asking questions.
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🤔
Average - rated users
Customers recommend using conventional financing sources if you already have a good relationship with a lender. Lendio is a good solution for those who don't qualify with their regular business relationship.
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👎
Low - rated users
Customers were frustrated with Lendio's customer support and had trouble syncing their accounts. Some customers were given unhelpful responses and a list of 10k sites to dig through. Looks pretty.Terrible customer support, trouble syncing accounts.
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