Beware of Lendio/Funding Universe
A NYS SBDC client seeking financing, and has been unsuccessful at local banks, inquired about a company called Lendio who says they make small business loans using an online matching platform. They require an upfront fee of $30 to start the processing. A SBDC counselor discovered this article from Forbes magazine about a small Michigan business ended up being hookwinked by Lendio's predecessor, Funding Universe. The website even made it appear that the the company was somehow affiliated with the Small Business Administration.