Rob Scott, Lendio User
Owner, Legends Boxing
I applied to two local banks and I was turned down. Then I came across Lendio's website. Lendio was able to give me a term loan... and Lendio actually saved me about $1500 a week. Patricia Claybrook
Jidan Cleaning, Medford, New Jersey
Rob Scott — XSI
Born out of personal experience following a sports injury, Scott leveraged his knowledge of the insurance industry to fill a need for insurance specifically designed for athletes.
As XSI started to grow, Scott wanted to invest in other related businesses to increase brand recognition and introduce athletes to his specialty insurance products. A sports complex that offered boxing, track, football, basketball, weightlifting, volleyball, and other sports seemed like the perfect match. The challenge was to find the financing to make it happen.
Scott looked online for a solution to his financing needs. “Lendio introduced us to financing options to help us take XSI to the next level,” said Scott.
The small business lenders matched to Scott at Lendio.com helped him find the small business loan he needed to grow the XSI brand. “The financing we received by going through Lendio enabled me to achieve my goals and grow my company,” said Scott.
Olya Losina — Losina Art Center
Losina Art Center teaches art in a learning environment where both beginners and emerging artists, along with accomplished professionals, can learn and work in a creative environment.
Beatty and Losina needed financing to fund the expansion of the Art Center, but were unsuccessful when they approached the local bank. “These days,” said Beatty, “the banks aren’t really trying to find you the right loan, they want you to either fit into established loan products with specific criteria—or push you out the door.”
Searching on the Internet, Beatty discovered Lendio.com and was introduced to the free online solution that helps small business owners find the right loan for their business.
Within a week of submitting the appropriate loan application documents, they were approved. “I qualified for more than I needed at the time, and three or four days after submitting the paperwork, I was approved for an $11,000.00 loan,” said Beatty.
Jake Fackrell — Humaneyezed
Humaneyezed leverages a high-tech system to gather and aggregate data, and generate leads in the automotive and real estate industries.
Humaneyezed needed financing to grow the business but were turned down by their local bank. “Banks had us jumping through a lot of hoops,” said Fackrell, “but we weren’t getting any results.” Turning to family and friends they still weren’t able to find enough capital to expand and take Humanized to the next level.
At the recommendation of a friend, Fackrell went online and completed a profile on Lendio. “The process was very easy and within minutes I started to see matches,” said Fackrell.
Although Fackrell said it seemed to good to be true, he was able to find the financing he needed to meet their objectives to grow the company. “Within minutes I had offers in my inbox. I was pretty impressed,” he says.
I needed $35,000 to import the merchandise associated with our book. I filled out a simple Lendio profile and they matched me to the financing I was looking for. I was funded within a week. Brian Ledig
MK & Company