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Cover Whale has partnered with Lendio, the nation's largest small business loan marketplace, to help policyholders access funds for down payment assistance.
One quick application. 75+ vetted lenders. Zero hidden hassle.
The process takes about 15 minutes. Applying is free, and there's no obligation.
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Be sure to apply via the link on this page (rather than applying via Lendio's main site). When you click the link above, you'll be directed to a Lendio page specifically for Cover Whale members, where you'll complete your application.
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Lendio is in the process of adding "Down Payment Assistance" to its list of Loan Purpose options; until then, please select Other.
75+ vetted lenders | One simple application | Offers in as little as one day
Note: The content on this page is meant to provide high-level information on Lendio's services. When you click the link to start your application, you will be directed to a third-party page, hosted by our partner Lendio. Cover Whale does not lend money–rates and terms come directly from third-party lenders based on your business qualifications. Financing a down payment is never required to bind a Cover Whale policy.
For most trucking businesses, the money isn't gone. It’s just not here yet. It's sitting in 30-, 60-, or 90-day receivables while fuel, payroll, maintenance–and now an insurance down payment–all come due this week.
That timing gap shouldn't be the reason a truck sits idle. Through our partnership with Lendio, your business can pursue financing that closes the gap, funding your down payment now and repaying over terms aligned with how your business actually earns.
Built for Drivers on the Road–and the Agents in their Corner.
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Be sure to apply via the link on this page (rather than applying via Lendio's main site). When you click the link above, you'll be directed to a Lendio page specifically for Cover Whale members, where you'll complete your application.
-
Lendio is in the process of adding "Down Payment Assistance" to its list of Loan Purpose options; until then, please select Other.
.png "CW-Lendio Partnership LP Graphics (3)")
Frequently Asked Questions
Does Cover Whale service these loans?
No. Cover Whale does not originate, service, or guarantee loans. Lendio and its participating lenders handle everything from application to repayment.
Is this premium financing?
No. Premium financing is tied directly to your insurance policy. This is general business capital that you can use for down payments.
Does applying affect my Cover Whale quote or coverage?
Not at all. Loan applications and decisions are 100% separate from Cover Whale’s quoting and underwriting.
Does applying cost anything?
Applying through Lendio’s marketplace is free. Any lender-specific fees are fully disclosed upfront in the offer.
What are Lendio's minimum eligibility requirements?
Applicants must have been in business for at least three months and be able to produce their most recent three months of business bank statements.
In rare instances, exceptions can be made to accommodate new ventures. Three months of personal bank statements would still be required.
What's the timeline to receive an update from Lendio?
Applicants can expect to receive an update from Lendio within one business day, and if all requested documents are provided promptly, funding typically takes place in 1-3 business days.
Who can I contact with questions?
Cover Whale's dedicated contact at Lendio handles all program questions directly and can be reached using the following contact information:
- Phone: 615-724-9082
- Email: joe.gadd@lendiolocal.com
One Application. 75+ Lenders. About 15 Minutes.
See what your business qualifies for–at no cost, with no obligation to accept.
Lendio is an independent third party. Cover Whale does not provide lending, tax, legal, or financial advice, and does not endorse or guarantee any lender, loan offer, or loan terms presented through Lendio's marketplace. Loan approval, rates, fees, and terms are determined solely by the lenders in Lendio's network and are subject to their underwriting criteria. Review all loan documents carefully and consult your own accountant, attorney, or financial advisor before entering into any financing agreement. Financing is not required to obtain a Cover Whale policy. Cover Whale refers agencies, brokers and insureds to work with certain preferred service providers, including Lendio, for which Cover Whale may receive compensation.