The Paycheck Protection Program ends on August 8, 2020. We will stop sending applications to lenders on August 7, 2020 at 10:00 PM EDT/8:00 PM MDT. We anticipate that an extension to the deadline for the Paycheck Protection Program may pass in the coming days. Lendio will continue to accept applications in the interim and, if Congress passes an extension, Lendio will submit your application to our lenders when the Paycheck Protection Program resumes.
How to Start an Online Store

May 12, 2020

How to Start an Online Store

It wasn’t too long ago that online stores seemed like a business pursuit that only applied to a select group of industries. Concerns regarding shipping, product selection, and credit card information safety made some experts doubt that this sector would ever play a significant role in the business landscape.

But the rise of smartphones and social media has helped bring e-commerce to the masses. Our lives have largely moved online, so it makes sense that our shopping habits followed suit: research shows that about 75% of Americans shop online each month.

The stats become even more impressive when forecasted to 2023. At that point, nearly a quarter of all global retail sales will be made through a computer, smartphone, or tablet. To put that into perspective, online sales in the United States are predicted to top $740 billion a year at that same point.

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on and Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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