Lendio in the news

This morning Karl Woolfenden, Publisher of Business Class News and Host of Link’d AM talked openly about what the options are for small businesses and he asked some question which if your are small business owner may find Brock’s answers very helpful and educational.

The Tech Tribune staff has compiled the very best tech startups in Utah. In doing our research, we considered several factors including but not limited to: Revenue potential, Leadership team, Brand/product traction, Competitive landscape.

Many owners fear taking on debt they are not sure they can repay and are looking to the federal government for more than low-interest disaster loans.

As the coronavirus pandemic rips through the U.S., people are doing their part to keep everyone safe, including through social distancing, abiding by local curfew laws and following shelter-in-place orders. While these adjustments are a necessary evil, it is wreaking havoc on small businesses, with quick-service and fast-casual restaurants in particular taking a major hit.

The coronavirus is sweeping across our nation and our world, with no end in sight. As people practice social distancing and self-quarantining, businesses – including those in manufacturing – are grappling with how to keep their doors open.

The COVID-19 pandemic is unlike any crisis we’ve faced in the past. The stock market has dropped tremendously over the past few weeks, the Federal Reserve has cut rates to almost zero, and many businesses have been forced to significantly change how they operate.

The number one mistake I see small business owners make is using bookkeeping for the sole purpose of looking back, not as a tool to look forward.

When you make everyone happy, you make no one happy. That’s the tough reality for brands who preach a friendly and inclusive product/space/environment. Fear has its time and place (for self-preservation), but if we let it govern our decision making, it can hold us back from marketing greatness.

Stating the current political climate in the U.S. is divided is an understatement. However, not everyone is as divided when it comes to certain issues. According to a new study from Lendio, this is the case for small business owners, who agree on matters affecting their ability to do business. Whether they are Team Red or Team Blue, overall business owners are optimistic.

Lendio plans on using part of $55 million in new capital to expand its new bookkeeping platform, Sunrise by Lendio, among other services to make funding more accessible to small business owners, it said Wednesday.

Most New Year’s resolutions tend to fall into one category: something you already should be doing.

Take exercise and healthy eating, for example. If you just did a little each day, you could end the year on a completely different note. But all too often, we set lofty goals and quickly abandon them.

Lendio, whose platform taps algorithms to match customers with lenders and secure loans, announced that it has raised $55 million. CEO Brock Blake says the influx of funds will bolster Lendio’s marketplace while enabling it to introduce new bookkeeping and lender service functions.

Lendio, a Lehi, Utah-based free online marketplace for small business loans, has secured $55 million in capital. That includes $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank.

The funding round for the US fintech, which operates a marketplace for small business loans, included $31 million in equity led by Mercato Partners' Traverse Fund and a $24 million debt facility from Signature Bank, per a press release seen by Business Insider Intelligence.

Utah business loan innovator Lendio announced a fresh $55 million Series E funding round Thursday led by local venture investment firm Mercato Partners.

Lendio, a Lehi, Utah-based fintech startup and the nation’s largest marketplace for small business loans, today announced it has secured $55 million in funding, including $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank.

We asked PR and growth experts: Why It’s Easier to Succeed With Public Relations Than Entrepreneurs Might Think? How can founders generate publicity? How can PR efforts lead to better results than advertising? Which PR tactics are easy to implement and which results can be expected? Why should founders start with PR right now? Here are their answers:

Your employees are one of your business's most valuable assets; without them, you wouldn't be able to provide services or products. As a small business owner, it's important to foster a positive work environment and ensure your employees are fairly compensated for their work.

Small businesses reported an 11% increase in business revenues and a 29% increase in the number of expansion loans funded over the previous three-quarter average, according to the SMB Economic Insights report for Q4 2019 from Lendio.

When you’re trying to find a business loan, you’re trying to balance your risk with your reward. Naturally, many entrepreneurs value low interest rates because of this.

While a low interest rate shouldn’t be your only measure of a quality lender or loan type, it can certainly inform your decision when choosing a loan.

I’ve never been great at the whole morning routine thing, but I want to be. I try to be. I read articles that break down the routines of famously successful people from Angelou to Zuckerberg.

“The biggest factor that influences CPCs is relevancy. When the ad you are serving and the landing page you are linking to are most relevant to a user’s search, Google will reward you with a high ad rank and lower CPCs.”

For new entrepreneurs, now is the perfect time of year to look at your business finances with fresh eyes. While there may be nothing wrong with your current systems, you may find that technical advances can help your startup save both time and money when it comes to your finances.

If poring over dozens of resumes and spending hours scheduling interviews sounds like your idea of fun, please stop reading this article right now.

Some of the biggest companies in the world — Microsoft, Alphabet and Facebook among them — were founded or cofounded by developers out to solve huge problems.