Lendo Company Loans Review
Overall Rating: 4.7
Loans From
5000 € – 500000 €
Interest Rates
5.2% – 33.93%
Repayment Period
1YR – 15YR
Overview
Lendo is a Swedish financial platform that specializes in providing company loans. Their aim is to simplify access to financing for small and medium-sized enterprises (SMEs) by comparing offers from multiple lenders with a single application. Lendo ensures that businesses receive competitive loan terms through a transparent and efficient process. Their digital platform is designed to be user-friendly, making the loan application process quick and straightforward.
Services and Loans Offered
Company Loans
Lendo offers company loans tailored to meet various business needs, including working capital, expansion, and equipment purchases. These loans feature flexible amounts, competitive interest rates, and customizable repayment terms.
- Loan amounts from 50,000 to 5 million SEK
- Flexible repayment terms up to 60 months
- Competitive interest rates through lender comparison
Invoice Financing
Lendo provides invoice financing, allowing businesses to sell their invoices for immediate cash flow. This service helps companies manage their liquidity effectively without taking on additional debt.
- Immediate cash flow from unpaid invoices
- Flexible financing terms
- Improved liquidity management
Equipment Financing
Lendo also offers financing options for purchasing or leasing equipment. This service is ideal for businesses looking to upgrade or acquire new machinery without large upfront costs.
- Flexible financing for equipment purchases
- Leasing options available
- Streamlined digital application process
Customer Service
Lendo is committed to providing excellent customer service. Their team of advisors is available to assist businesses throughout the loan application process, offering personalized advice and support. The company emphasizes clear communication and transparency, ensuring that clients fully understand their financing options and terms.
Overall Assessment
Lendo stands out in the business financing sector with its innovative approach to connecting SMEs with a wide range of lenders. The platform’s competitive bidding process, flexible loan terms, and excellent customer service make it an attractive option for businesses seeking financing solutions. By simplifying the application process and offering transparent terms, Lendo ensures that companies can efficiently secure the funds they need to grow and thrive.
Lendo Advantages
Wide range of loan amounts from 50,000 to 5 million SEK.
Competitive interest rates through lender comparison.
Efficient and user-friendly digital application platform.
Lendo Disadvantages
Limited to business loans, not suitable for personal financing.
Requires detailed financial documentation for larger loans.
Dependent on lender approval, which may vary.
Alternative Banking Solutions
Frequently Asked Questions
Lendo helps small and medium-sized businesses access the best possible financing terms by comparing offers from multiple banks and lenders. Lendo was founded to provide SMEs with access to optimal financing, with the founders and major financial groups as primary backers.
To apply for financing with Lendo, you must be an authorized signatory, such as a CEO or board member, and the company must be registered and active in Sweden. Lendo cannot assist individuals or companies that are shell companies, shelf companies, branch offices, or associations.
Yes, as long as basic requirements are met, and the application is signed via BankID by an authorized signatory. Guarantors' income is assessed based on taxable income in Sweden, which can affect lenders' decisions.
No, Lendo cannot assist without a registered organization number. Registration can take up to a month with the Swedish Companies Registration Office. Contact Lendo for advice on future financing needs.
Yes, having payment defaults does not necessarily prevent you from obtaining financing. Lenders make an individual assessment of your company's repayment ability, and offers may vary depending on the nature of these defaults.
A guarantor can be an authorized signatory or another board member. In some cases, external individuals may be accepted after individual assessment. The guarantor becomes liable for the debt if the company cannot pay. Including a guarantor can increase the likelihood of loan approval.