Lendio Momentum Soars in 2015 with Record Revenue and Customer Growth
Small Business Lending Marketplace Simplifies SMB Loan Process, Facilitates More Than $128 Million in Customer Financing in 2015
South Jordan, UT – February 24, 2016
Lendio (www.lendio.com), the nation’s leading marketplace for small business loans, today announced it closed 2015 with record growth across all areas of its business, including nearly 100 percent year-over-year revenue growth.
In 2015 alone, Lendio facilitated over $128 million in financing for more than 5,100 small business owners in all 50 states. By comparison, in 2014 Lendio aided more than 400 small business owners in securing $12.4 million in funding – representing a gain of over 1175 percent. Additional key stats are available here.
“70 percent of the jobs in our country are small businesses, but until recently, small business owners have been left to navigate the complicated financing process on their own,” said Brock Blake, CEO and co-founder, Lendio. “At Lendio, fueling the American Dream is our mission and motivation, and seeing the immense financial value our customers are achieving with our diverse marketplace is the best indicator of our success as a company.”
One of the many businesses that used Lendio to secure financing and achieve its growth goals is Houston, Texas-based SMATCOE (Science, Math, and Technology Center of Excellence). After forming a C-Corporation in 2014, Chris Millett used capital from his 401k to start his business with a goal to help high school students reach greater academic success. Looking to expand and increase online exposure, Millett needed additional capital and turned to Lendio for assistance. With funds he received through Lendio’s vetted network of over 75 lenders, Millett purchased advertising space and ran local marketing campaigns.
“Securing a small business loan is no walk in the park, but I knew I needed outside help in order to achieve my growth goals,” said Millett. “By leveraging Lendio’s network of lenders, I was able to secure financing and grow revenue. As a result, people are starting to understand what my business is and how it can help their children succeed.”
Lendio is primed for another year of exceptional growth driven by an increased demand in the U.S. economy to support small business financing.
“We are very proud of our success and the strong partnerships we have forged with our customers,” Blake added. “Heading into 2016, we continue to help hardworking small business owners secure the funding they need to make their dreams a reality and ultimately strengthen our leadership in the market.”
To learn more about Lendio, please visit www.lendio.com.
Lendio is a free online service that helps business owners find the right small business loans within minutes. The center of small business lending, our passion is fueling the American Dream by uniting the small business loan industry and bringing all options together in one place, from short-term specialty financing to long-term low-interest traditional loans. Our technology makes small business lending simple, decreasing the amount of time and effort it takes to secure funding. More information about Lendio is available at www.lendio.com.