Lendio, the leading marketplace for small business loans, recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing to fuel their dreams. These new tools provide a platform for borrowers to research a business loan product and lender in detail before consummating the loan, and rate their experience with a lender once the loan has funded and the transaction is complete.
“Lendio’s goal is to simplify the process of acquiring a small business loan for the business owner,” said Brock Blake, Lendio’s founder and CEO. “In almost every other aspect of their life, business owners and consumers are able to study ratings and reviews from other customers before making a decision. Previous to this product release, business owners had very little information to study prior to finalizing a business loan. Now, the business owner can pursue loan options with more confidence.”
Lenders are scored based on speed, process, communication and transparency of the lending experience they provide. Borrowers can share feedback and rate their lender 1-5 stars based on their interactions throughout the process of getting a small business loan. Through the ratings and reviews, the business owner is able to:
- Gain a better understanding of each lender’s underwriting process.
- Learn about the lender’s level of customer service and communication.
- Understand the qualifications a business owner must meet in order to receive a loan.
- Feel confident regarding the amount of transparency the lender provides throughout the process.
Blake is confident that the reviews will also be a valuable tool for small business lenders.
“The Lender Ratings & Reviews will also provide priceless feedback to our trusted lender partners on the pros and cons of their underwriting process.” In addition, the newly-released Small Business Loan Calculators will help the business owner understand the rate, term, payment amount, and payment schedule.
“Fueling the American Dream is more than a slogan at Lendio,” said Adam Michaelson, Lendio’s VP of Product Strategy who led the product development. “Our goal is to continue to innovate in a way that will make the complicated lending process simple for the business owner. That way, the business owner can spend less time going through the loan process and more time on building and growing their business.”
To learn more and to discover authentic business lender ratings and reviews from borrowers please visit, https://www.lendio.com/bp/lenders.
To find and access the small business loan calculators, please visit, //www.lendio.com/small-business-loan-calculators.
High-res images and related resources are available at //www.lendio.com/press-center/lender-ratings-and-reviews-business-loan-calculators/.
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 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. For more information visit //www.lendio.com
Jacqueline Hoof | jacqueline.hoof(at)lendio(dot)com | 801-858-3616 x139
10235 South Jordan Gateway, Suite 410, South Jordan, UT 84095