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Access to Growth Capital Expands for Small Businesses in Denver Region

Sep 09, 2020 • 2 min read
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      Lendio Denver franchise owners Bill and Leanne Airy will aid small business owners in their pursuit to obtain financing

      DENVERSept. 9, 2020Lendio, the nation’s leading marketplace for small business loans, today announced the expansion of the Lendio franchise in Denver. Franchise owners Bill and Leanne Airy will help business owners in the community to apply for loans, review their options and secure funding, easing their financial hurdles.

      The Airys opened their Denver franchise earlier this year and have already helped more than 400 area businesses to obtain much-needed loans. Given the local demand for small business financing, the pair is increasing their footprint to include all of the Denver metro area, excepting Boulder.

      Lendio is an online service that helps business owners find the working capital they need through its network of hundreds of lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans and more. Since its inception in 2011, Lendio has grown rapidly and helped to facilitate more than $2 billion in capital for small businesses. In the last five months, Lendio has secured $8 billion in Paycheck Protection Program loan approvals for small businesses in need of emergency relief funds.

      The Lendio Local program matches small business owners with lenders in a way that has never been done before, through funding experts in their local communities. This is more critical than ever in light of the global pandemic. When the U.S. Congress created the Paycheck Protection Program, many business owners didn’t have the relationships with SBA-approved lenders that they would need in order to access the funds. As small business owners themselves, the Airys understood this and were able to help businesses access these critical funds.

      Denver locals, the Airys have extensive experience with small business and know first-hand how challenging it can be to pursue funding through a traditional bank. In Denver, the Airys will pair their small business expertise with the technology and reach of Lendio to bring funding opportunities to the entrepreneurs that need them.

      “Denver is growing rapidly, and the entrepreneurial spirit is strong here. We’ve seen overwhelming demand for everything from Paycheck Protection Program applications to real estate loans,” says Bill Airy. “We love to connect these economic engines to the top lenders nationwide.”

      “There’s never been a more pronounced need to serve small business,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “The Airys are sure to be a boon to that community in Denver, by working closely with business owners to identify their needs and the financing that will best suit them.”

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