Lendio in the news

Kevin Banahan operated his Brooklyn-based skateboarding academy as a side gig for years, renting space from another business. Eventually, he and his partner decided the academy had grown strong enough to merit its own location.

Microsites are somewhere in between a single landing page and an entire website. They are small, special-purpose websites for a single, dedicated communication (and conversion) goal set up by companies that already have a full site.

Lendio , the nation's largest marketplace for business loans, today released a new report on small business lending in the Northeast. According to the report, business owners in the Northeast have the highest approval rates for business loans in the nation.

I recently wrote Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? Since then, I’ve talked with a number of other firms and greatly expanded my database: Who are the major Revenue-Based (RBI) Investing VCs?

Corporate social responsibility (CSR) programs are all the rage for businesses looking to build better brand images and improve their bottom lines — and consumers are eating them up.

The big boss isn’t always the best boss. But the best ones can make a big difference, sometimes by doing little things.

Listening. Caring. Sharing. Celebrating. And, at times, getting out of the way.

Last week Lendio announced that its bookkeeping and invoicing service, Sunrise, had partnered with WePay, an integrated payments business of JPMorgan Chase, to form the freemium product Sunrise Pay.

Gender equality requires banding together. It is not a male issue or a female issue; it is a societal issue and a people issue. Men and women need to lean on our leaders who are paving and supporting the path to parity. With better alignment and more willingness to collaborate, we can change the equation.

In spite of growing concerns, the economy remains strong. As a result, entrepreneurs continue to seek fresh capital to help grow their businesses. According to a recent SMB economic insights report from Lendio, the demand for small-business loans is on the rise nationwide

Small businesses have been around since the time of early civilizations, and lending to small businesses is almost that old.

The roots of traditional lending can be traced back to 3,000-year-old written loan contracts from Mesopotamia, which show the development of a credit system and include the concept of interest.

Lendio, the nation’s largest marketplace for small business loans, today announced it has been named to MountainWest Capital Network’s 2019 Utah 100 list. Lendio ranks 42nd on the list of Utah’s 100 fastest-growing companies. The rankings were announced at the 25th annual Utah 100 Awards luncheon at the Grand America Hotel.

Lendio, a leading marketplace for business loans, recently announced its list of Top 10 States for Women’s Access to Capital.

Several states not on the list saw a high percentage of growth in small business loans to women, including Nebraska, Wisconsin, Arkansas, Idaho and Hawaii. However, when the percentage of women taking on loans is weighted with the success rate in going from application to funding, South Dakota ranks No. 1 in the country.

In the American remake of the sitcom The Office, Robert California makes an acute observation about the challenge of small business marketing in the face of big brand retailers to Dunder Mifflin employees: "Let me tell you how I buy something these days. I know what I want, I go on the internet, I get the best price. Or I don't know what I want and I go to a small store that can help me.

Natural language processing, the latest advancement in business intelligence and analytics applications, provides an easier way to access quality data and derive deeper insights. But because of its sophistication and nuances, NLP progress has been limited as well.

If you own credit cards, you likely use them. But chances are, you aren’t aware of all the benefits they provide you as a consumer. Sure, you realize they’re convenient financial products you can use for everyday purchases, but their advantages go deeper than that.

We turned to the experts to get a complete picture of all the perks credit cards offer.

When you apply for business loans, lenders may use the five C's of credit as a guideline for determining whether you qualify for financing. Sometimes referred to as the four C's, depending on the lender, these criteria are used to gauge your business's ability and likelihood to repay a loan.

Digital transformation is more important for banking than any other industry sector, according to Gartner's 2018 CIO Agenda Survey. In today's connected world, customers expect to be able to manage their money as fast as their network speed allows them.

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To date, the program has provided over $250,000 in microloans to business owners around the world.

The concept of artificial intelligence is nothing new, yet the hype around it continues to grow. According to CB Insights (via Forbes), AI startups have raised a record $7.4 billion raised in the second quarter of 2019 alone.

Brock Blake of Lendio points out online lending is one bright spots that has helped women owned businesses to get the capital they sorely need; the good news is almost 100 percent of female entrepreneurs want to stay self employed, now investors need to show them the money.

Women, especially women of color, not only earn less than men in the workforce but are also less likely to get access to capital for their businesses. Perhaps the most sobering statistic is that in all of 2018, women had a meager 2.2% share of the $130 billion given out in venture capital. And that was a $1 billion improvement over the prior year.

Brock Blake is founder and CEO of Lendio, an online marketplace for small business loans. Lendio offers borrowers access to loan options from more lenders than any other marketplace in the industry. Blake is an Inc. 500 CEO, national keynote speaker, and Forbes columnist.

Most entrepreneurs I know don’t identify as small business owners, but rather as what they do: cheesemonger, esthetician or landscaper, for example. Yet, many of these business owners claim a similar pain point: Mega online retailers like Amazon, or internet giants like Google, are affecting their ability to thrive.

It’s all about the quest for the right dress. The shopkeeper consults with bride-to-be and asks; “Tell me a bit about what you’re looking for in your wedding gown.”

Whatever the betrothed envisions herself wearing on her big day is exactly the customized gown she’s going to get. All because a couple had a dream.

Young professionals just entering the workforce often wish they had a quick guide to the key aspects of their field of work. This holds true for marketing and communications professionals as well, especially given how fast their industries are changing as new technologies and trends emerge that businesses need to adapt to if they want to survive.