Apr 30, 2013

Lendio.com Achieves Record Customer Growth

Screen Shot 2012-07-31 at 8.08.25 AMCustomer base jumps 168 percent while revenue continues to climb in 2013

Lendio, the online leader* helping Main Street business owners secure financing, today announced record year-over-year revenue growth of 97 percent for the first quarter of 2013.  Their strong growth is fueled by the addition of lenders that specialize in small business lending.

During Q1, 62 new lenders — including banks, credit unions, and alternative lenders joined the Lendio platform. By completing a brief loan profile, small business borrowers are matched to the 62 new and many other participating lenders based upon criteria established by the lenders.

“We’re thrilled with the record growth numbers we’ve achieved.  It’s exciting to see our lender network continue to expand while at the same time provide more options for Main Street business owners to get the financing that they need,” said Brock Blake, Founder and CEO of Lendio. “We’re grateful to our partners that support us and work so tirelessly to help fuel the American Dream and fund Main Street businesses across the country.”

Some other key milestones and notable achievements in Q1 2013 include:

The Losina Art Center story resonates with a lot of small business owners who find themselves in the same place. “It was a simple process,” she said. “We filled out a quick questionnaire and Lendio got us in touch with qualified lenders without us having to research and qualify them ourselves. This definitely helped save us time.”

Business owners across the United States can find a small business loan by creating a free Lendio profile. Within minutes, the business owner will be matched to a business loan option that will meet their needs and objectives.

*Based on volume of monthly visitors according compete.com

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About the author

Ty Kiisel
Small business evangelist and veteran of over 30 years in the trenches of Main Street business, Ty makes small business financing and trends accessible in common sense language devoid of the jargon.


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