In just 18 months, Lendio franchisees have matched small business owners with $16M in loans to fill a critical financing gap for more than 500 small businesses across the U.S. SILICON SLOPES, Utah – September 19, 2018 – Lendio Franchising, the first-of-its-kind marketplace lending franchise program, today announced record growth across all areas. Launched in March 2017, the program has helped facilitate $16 million in financing to over 500 small businesses across the U.S. Lendio Franchising reports a 111 percent average increase in loans funded quarter over quarter since inception. Lendio was recognized in early 2018 as the #1 brand in the Business Financial Services category on Entrepreneur magazine's Franchise 500 list. Lendio Franchising matches small business owners with the nation’s top online lenders in a way that has never been done before, through funding experts in their local communities. The program is reaching small business owners in industries and geographic areas that were previously unreachable. In just 18 months, Lendio Franchising has expanded to include 29 franchise owners in 47 territories across the country. The average initial loan size among Lendio Franchising small business customers is $37,325, and the top five industries funded include construction, manufacturing, retail, healthcare and real estate. With its network of over 75 lenders offering multiple loan products, Lendio’s marketplace matches small business owners with the best loan options to fit their needs. The franchising program complements Lendio’s core value of making small business loans simpler and more accessible to the millions of small business owners in the U.S. Lendio franchise owners get access to Lendio’s marketplace and technology, comprehensive training, branded marketing tools and national advertising, partnerships and franchise support team to help coach small business owners through the lending process. Business owners like Alex Jerkins, owner of Jerkins Business Solutions, understand firsthand the challenges of getting approved for a loan. Jerkins’ tax and accounting firm in middle Tennessee needed a massive hardware and software upgrade to keep its business services up-to-date. He considered putting the $20,000 cost on a credit card to avoid the slow process and uncertainty of applying for a bank loan, but Jerkins found Joe Gadd, owner of Lendio Nashville, and decided to explore alternative financing options. “I ended up with a line of credit that saved me thousands on the upgrade. It was totally painless and I will definitely do it again when I need an upgrade in the future,” says Jerkins. Lendio franchise owners understand the needs and challenges of businesses in their communities and can offer a personal touch with face-to-face consultations in addition to access to Lendio’s streamlined online application process. Much of the success of Lendio Franchising comes through its partnerships with local banks. Community bankers refer potential small business borrowers, whose needs and qualifications don’t fit within the bank’s offerings and specifications, to Lendio franchise owners. In turn, Lendio franchise owners often refer their clients, who do qualify for bank financing, to local banks. “It is genuinely a pleasure to assist local small business owners in obtaining the capital they need to grow and continue to contribute to our local economy and community,” says Joe Gadd, President of Lendio Nashville. “Banks, accountants, attorneys and other service providers recognize the advantages Lendio can offer their own clients and have partnered with Lendio Nashville on countless occasions to help small businesses with capital solutions.” “Lendio franchise owners are driven to boost small business growth and build strong economies where they live,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Armed with a wealth of knowledge about local businesses and their capital requirements, Lendio franchisees are extending financial services to business owners who may not even be aware they have financing options.” For more information about Lendio, visit http://www.lendio.com.