Small businesses are the backbone of America with 50% of U.S. businesses employing over 60 million people. The founders at Lendio found it surprising that more resources weren’t already available to help small business owners find working capital and they wanted to help simplify a very complicated process.
As a result, Lendio created a matching platform to help you skip the leg work of looking for a business loan. Completing one free application will put you in front of over 75 lenders so you don’t have to spend days or weeks working on 75 separate applications. We can take the headache out of obtaining a small business loan so you can get back to more important things.
It's free and won't hurt your credit!
Sometimes the application alone can be a time-consuming process if you aren’t familiar with all of the requirements. Lendio will help guide you every step of the way and neatly package your information to get it to loan underwriters faster. And since our platform is almost entirely online, many loans can be approved in a matter of days rather than weeks or months.
"Any entrepreneur, any small business owner that needs funding: It's a no-brainer. Go to Lendio."
Alyssa Snow, Mind Body Soul Yoga
"Lendio was simple and easy to understand. They were able to point us in the right direction. With Lendio's great options, we can take our business to the next level."
Rob Scott, XSI
Alyssa Snow — Mind Body Soul Yoga
Mind Body Soul Yoga was started by Alyssa Snow, who had previously spent 12 years in New York City’s financial sector. She had spent her career helping other businesses with their financial needs, until one day she asked herself an important question, “What am I contributing to the world?” Shortly after asking herself this question, she left the financial world with a desire to create jobs in her local community and create a yoga studio for people to feel peace and healing.
Alyssa’s studio was a bigger success than she had planned for and she needed funding to expand her business. She went to a local bank that she had worked with for years to get an expansion loan, but was just short of the qualifications needed. Frustrated, she turned to the internet and came across an article on Fortune.com about Lendio and how they were helping small businesses just like hers.
After reading the article, Alyssa decided to give Lendio a try. She goes on to explain, “I went online, filled in a few things and I immediately had a call. It was a gentleman saying, okay, here is your business and here are your options. It was amazing and I’ve never had so many options.”
Lendio was able to help Alyssa get the loan she needed and now she can expand her business comfortably. She feels she can now look at what experiences she wants to give her children, so they can grow up to have the feeling of what impact they can have on this world. Because of Lendio, Alyssa can now not only better the life of her children, but also of those in the community around her.
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.
Rick Hagen — Euro Motor Werks
Rick Hagen’s love for cars started a long time ago. As a kid he would work at his grandfather’s Ford dealership washing cars. For him it wasn’t just a job, but something he loved to do and even looked forward to. Rick took this passion for cars and used it to build his American Dream, Euro Motor Werks, a dealership centered on service and finding the perfect car for the customer.
Rick’s path to entrepreneurship, like most businesses, has not been an easy one. Previous to owning Euro Motor Werks, Rick had owned a gym which he built from the ground up. The business was thriving, and everything was going well but one day Rick became extremely ill. After being hit by several major medical bills, Rick had to declare bankruptcy and close the gym. After he recovered, Rick built Euro Motor Werks, and with hard work and support from friends and family, Rick turned the dealership into a successful business, but when it came time to expand, he had a hard time finding financing due to the bankruptcy.
Rick was stuck. He could either give up and work for someone else’s dream or find a new way to get the capital needed and live his own American dream. Rick then found Lendio, a company he felt reflected his own desire to provide exceptional customer service. He’ll never forget Peggy, and the moment she said “you’re approved”. He knew then he was going to make it, and he could make everyone proud of him.
Thanks to Lendio, Rick can fulfill his dream of providing excellent customer service, and finding his clients the car of their dreams. “I’m really happy. If you love your job, your friends, your family, you love what you do, it’s not a job. It’s a passion.”
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.
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.
"What used to take months is now being accomplished in weeks."
"Lendio is a simple process for business owners."
"Lendio introduces business owners to active lenders."
Lendio makes it easy for business owners to obtain small business loans with the Lendio Marketplace. Simply answer a few questions about your business and the capital you need to grow or start your business, and you will be instantly matched with small business loan options. This allows you to choose the best loan to fit your business needs. Lendio works with a network of over 75 lenders to offer you the best loan options. Some of the small business loans offered include, SBA Loans, startup Loans, equipment loans, commercial real estate loans and more.
Learn more about different types of business loans. Many people start their research by learning if an SBA loan is right for their business.
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