The Lendio Brock Blake Student Entrepreneur of the Year scholarship will give thousands of dollars to one student each year.

SALT LAKE CITY — Lendio, an online service helping people secure business financing, announced today a $2,500 scholarship for student entrepreneurs.

“My own journey as an entrepreneur began as a student in college,” said Brock Blake, Lendio CEO. “At the time, I was fortunate enough to receive a similar scholarship from an individual which allowed me to focus on academics and our startup without the worry of a part-time, low-paying job. At the end of the day, I hope this scholarship will give future entrepreneurs the edge they need to be successful.”

The scholarship is called the Lendio Brock Blake Student Entrepreneur of the Year, which will award $2,500 every year to a student who has demonstrated excellence in entrepreneurship. It’s open to any college or university student that has started a company or is desirous to start a company while attending school.

To apply, students need to submit a 500-1,000 word essay to scholarship(at)lendio(dot)com. The deadline is July 1, 2012. The essay should cover things like:

• The student’s passion and commitment to being an entrepreneur
• The challenge of juggling a startup with their academics
• Why the student wants to be an entrepreneur
• Current business plans/ideas
• The motivation behind being a business owner
• High-level goals in the next 5-10 years
• What it means to be an entrepreneur

“We are looking for future entrepreneurs with a vision to change their lives, and in the process, change part of the world,” Blake said. “This economy needs more young entrepreneurs building new, innovative companies that have a positive impact on their communities.”

For more information about the scholarship, visit //www.lendio.com/scholarship/

About Lendio
Lendio is a free service for business owners seeking capital. Lendio makes small business loans simple by matching qualified small business owners with active banks, credit unions, and other lending sources. Through a proprietary matching technology, Lendio helps business owners identify the type of business loan and specific lenders that offer the highest probability for that business owner to prepare for and secure a business loan approval.

Lendio is venture-backed by Highway 12 Ventures and Tribeca Venture Partners. For more information, contact Lendio at press(at)lendio(dot)com.

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