Lendio and LegalZoom Combine Small Business Financing and Online Legal Resources

2 min read • Nov 14, 2011 • Dan Bischoff

Entrepreneurs gain increased access to affordable small business solutions.

SALT LAKE CITY — Business owners can now get financing and legal resources in one spot online.

Lendio, an online business loan matching service, announced today it will work with LegalZoom, the nation’s leading online legal document service provider to help small business owners concurrently create legal documents and secure business financing.

“LegalZoom has helped millions of people create legal documents and take the right steps in starting their business” said Brock Blake, Lendio CEO. “This relationship will help even more small business owners get their companies off the ground, organized and funded.”

LegalZoom offers prepaid legal plans for individuals and small businesses at a cost of as little as $15 a month. Customers can obtain legal advice over the telephone and other services from an attorney licensed in their state. Lendio’s service, which is free for business owners, instantly matches entrepreneurs with the best type of financing from more than 3,000 lenders and 13,000 different types of business loans across the country.

“Lendio does a tremendous job of helping small business owners get the capital they need, and LegalZoom has always been a champion of small businesses,” said Jacob Varghese, VP of Sales and Business Development at LegalZoom. “The addition of affordable legal documents to loan matching will help provide cost-effective solutions that make it easy for entrepreneurs to start and grow their companies.”

Both organizations have experienced recent, rapid growth. Since March, customers have requested more than $4 billion in transactions through Lendio’s system. LegalZoom has helped more than 2 million customers, and offers its legal plans to over 80% of Americans.

About LegalZoom.com

LegalZoom is the nation’s leading provider of online legal document services. Since 2001, the company has helped over 2 million Americans write a will, start a business, register a trademark and more. In addition to do-it-yourself services, the company provides an integrated legal plan where members have access to licensed attorneys at a low monthly fee. LegalZoom is headquartered in Glendale, California, with offices in Austin, Texas. For more information, visit www.legalzoom.com

About Lendio
Lendio is a free service for business owners looking to secure 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. For more information, contact Lendio at [email protected]


Dan Bischoff