Lendio vs Square Loans

Two loans & credit tools side by side. Prices are the starting plan a small business would pick, in USD.

Short version

Compare	LendioLendio	Square LoansBlock
In one line	Marketplace that shops your application to 75+ lenders	Advances for Square sellers, repaid from card sales
Starting price	Free to apply	Flat fee, no interest
Six-person team	Free to apply	Flat fee, no interest
Plans	No fees listed for applicants; lenders set rates and terms and may pay Lendio for referrals	One flat fee per loan, no interest; a fixed share of daily card sales repays it
Pricing model	Free	Paid
Free trial	—	—
Users	n/a	n/a
Integrations	Bank and accounting connections	Square only
Team size	Just me · 2–10 people · 11–50 people	Just me · 2–10 people · 11–50 people
Available in	US	US · UK · CA · AU
Phone support	Every plan	Plans not stated (US)
Live chat	None listed	Plans not stated
Support hours	Phone: Monday–Friday 7:30 AM–5:00 PM MST	Not published
Incidents posted	We found no public status page for Lendio.	14 incidents posted on Block's status page, which covers all Block products and regions, in the 90 days to Oct 27, 2026; 0 marked major or critical by Block. Status page
Trustpilot score	4.5 / 5 from 21,925 reviews	Not listed
Fit: Retail shop	80	90
Fit: Restaurant or café	80	85
Fit: Service business	75	70
Fit: Agency or studio	65	20
Fit: Trades or contractor	80	50
Fit: Online store	70	40
Why people pick it	One form, many offers SBA loan help	Offers appear automatically No fixed monthly payment
Where it falls short	Expect sales calls Offers vary widely	Must sell through Square Minimum repayment every 60 days
	Visit Lendio	Visit Square Loans

Six-person prices are what a team of six would pay on the published plans; "Not listed" means those plans don't cover six. How we calculate prices