The story of how an athlete’s dashed NFL dreams set him on a course to entrepreneurship, and how he used Lendio to fund his business.
SALT LAKE CITY — Lendio launches new video during Small Business Week, showcasing the story of XSI, and how it used Lendio to secure business loans and live the American Dream.
“The No. 1 pain for business owners right now is having enough money,” said Brock Blake, Lendio CEO. “Marketing, advertising, payroll, hiring, purchase orders, growing — it all depends on whether or not the company has enough funds. We’re seeing many success stories and we really wanted to introduce the world to Rob Scott and XSI.”
Rob Scott is the CEO and founder of XSI, Inc., a company that provides insurance to athletes, while at the same time, operates a sports complex in Utah County.
“Rob is doing a lot in the community and has a great story to tell,” said Burke Alder, Lendio’s vice president of marketing. “Much of his business success has come because he created product that resonates with athletes of all types.”
Before Scott was a business owner, he had hopes of playing in the National Football League. But an injury dashed those dreams and set him on a course of entrepreneurship. He used that passion for athletics and competition to form XSI. But to continue growth, he needed more business financing.
“As we were trying to grow our business, we were looking for different financing options and there were a lot of different things we were unaware of,” Scott said. “We came across Lendio. It was such a simple system and easy to understand, and they were able to point us in the right direction. With Lendio’s great options, we were able to take some of these ideas where we wanted to end up, and actually go to the next level,” Scott said.
The sports complex has become a visual icon off of Interstate 15 just south of Salt Lake City. Every day it is filled with people working out, and participating in volleyball, basketball, and other activities.
“What I love now is that I’m able to do all of these things, all this stuff that I love and my passions, and I have the time and the financial freedom to go and do it,” Scott said.
Toward the end of the video, Scott offers advice for other business owners:
“Business is a lot like boxing,” he said. “There are going to be days that are hard, when you don’t want to get out of bed, when you don’t want to run, and you don’t want hit the bags, and you don’t want to keep training, and your diet and all of those things stacked up against you. But you know if you work hard, you train hard, you focus hard, you’re going to have the best chance of success in the ring, just like in business.”
Lendio is a free service for business owners seeking capital. Lendio makes small business loans simple by matching qualified small business owners with 3,000 loan types from 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.