Lendo

Lendo offers a business loan comparison service that allows companies in Sweden to apply once and receive multiple offers from external lenders. The platform acts as a broker and does not issue loans directly but forwards applications to banks and alternative financing providers.

This setup can be relevant for companies looking to explore different funding options without submitting separate applications to each lender. The process is digital, and all offers are based on a single UC credit check.

Overview of Lendo Business Loan Services

Lendo collaborates with a network of lenders to provide loan proposals for Swedish-registered businesses. The application is free to use and non-binding, with responses typically received within 24 hours.

Service Details

• Loan amounts: SEK 50,000 – 5,000,000
• Loan terms: 6 to 60 months
• UC credit check required
• Digital signing with BankID
• Lender terms vary (interest rates, fees, collateral)

Advantages

• One application yields multiple offers
• No obligation to accept an offer
• Transparent comparison of loan terms

Limitations

• Final terms depend on lender assessment
• Not all applicants may receive multiple offers
• Limited to the lenders in Lendo’s network

Lendo is suitable for businesses that meet the basic lending criteria and want to review several potential offers before deciding.

What Services Does Lendo Offer?

Lendo focuses on brokering business loans from its network of partner lenders. The platform does not issue credit itself but facilitates comparison by collecting offers based on one application and a single UC credit check.

Here’s an overview of the typical loan types and features available through Lendo:

Loan Feature	Details
Loan Amount	SEK 50,000 – 5,000,000
Interest Rate	Set individually by each lender
Loan Term	6 – 60 months
Payout Time	Usually within 1–5 business days
Credit Information	UC check required
Payment Notes	Monthly payments, often via direct debit

Lendo does not offer factoring, leasing, or invoice financing—its service is focused on standard business term loans. The number of offers received may vary depending on company credit score, industry, and financial stability.

What Requirements Does Lendo Have for Applicants?

Lendo sets baseline requirements to ensure businesses are eligible for offers from its lending partners. These criteria help lenders assess risk and ensure responsible lending.

Basic Requirements

• Swedish-registered company (sole proprietorship, AB, HB, or KB)
• Minimum 6 months of operational history
• Annual turnover of at least SEK 250,000
• Responsible signatory must apply using BankID
• UC credit check consent is mandatory
• No active debt collections or bankruptcies

Some lenders may request additional documentation such as income statements, tax records, or cash flow reports—especially for higher loan amounts. The number and quality of offers will depend on the company’s financial position, creditworthiness, and industry.

How Does Repayment Work with Lendo?

Since Lendo is a loan comparison service and not a lender, the repayment terms depend on the specific lender whose offer is accepted. However, most loan products obtained through Lendo share similar repayment structures:

• Fixed monthly installments: Repayments typically consist of a fixed amount each month, covering both principal and interest.
• Term length: Varies between 6 and 60 months, depending on the lender and loan amount.
• Payment method: Most lenders use direct debit from the business bank account.
• Early repayment: Some lenders allow early repayment without penalty, while others may charge fees—this varies per offer.

Lendo does not intervene in the repayment process after the loan is issued. All payments and agreements are handled directly between the borrower and the selected lender.

How Do You Apply for a Business Loan Through Lendo?

The application process with Lendo is entirely online and designed to be quick and straightforward. Businesses submit one application, and Lendo distributes it to their network of lenders.

Application Steps

1. Enter business details: Company name, registration number, and contact info.
2. Choose loan preferences: Desired loan amount and repayment term.
3. Verify with BankID: Confirms applicant identity and authorization.
4. UC credit check: A single credit report is generated and shared with all lenders.
5. Receive offers: Up to 12 lenders may respond with tailored loan proposals.
6. Compare and choose: Review interest rates, fees, and terms before accepting an offer.
7. Sign digitally: The selected loan agreement is signed with BankID.

The process usually takes only a few minutes, and responses are typically provided within one business day. There is no obligation to accept any of the offers received.

When Does Lendo Payout Business Loans?

Lendo itself does not handle payouts—this is managed by the lender whose offer the business chooses. However, most lenders on Lendo’s platform process approved loans quickly.

Here’s an estimate of typical payout times based on when the agreement is signed:

Agreement Signed On	Estimated Payout
Monday to Friday (before 14:00)	Same or next business day
Monday to Friday (after 14:00)	Next business day
Saturday or Sunday	Processed on Monday morning

The exact timing may vary by lender, loan amount, and whether additional documentation is required before final approval.

Customer Service

Lendo provides customer support for both individuals and businesses using their loan comparison service. Their team assists with general inquiries, technical issues during the application, and follow-up questions related to the offers.

Support Options

• Phone: Available during regular Swedish business hours
• Email: Responses typically within 24 hours on weekdays
• Help Center: Includes guides, FAQs, and detailed information on the process

Note that Lendo does not provide financial advice or influence lender decisions. Once an offer is accepted, further communication occurs directly between the borrower and the lender.

Facts About Lendo

Company Name	Lendo AB
Address	Västra Järnvägsgatan 21, 111 64 Stockholm
Corporate Number	556515-1627
Homepage	www.lendo.se
Email	kundservice@lendo.se
Phone	0771–13 13 10

Lendo AB is part of Schibsted Group and operates as a licensed credit broker in Sweden. They offer comparison services for personal and business loans through a digital platform.