Lendio in the news

Leadership is not the position, it is the disposition. To be an effective leader, you need to authentically connect with your team, with your partners, with your customers and with your mission.

In a recent video call, Denada Ramnishta, SVP of Lender & Partner Strategy at Lendio, sat down with Opportunity Fund CEO, Luz Urrutia, to discuss small business lending and the gaps that exist for underrepresented small business owners.

While March for many people was a month that spelled disaster, Brock Blake saw an opportunity, not to simply chase the American dream of financial gains through business, rather save it.

We received hundreds of nominations, but these are the prettiest office spaces in Salt Lake City as decided by the Utah Business team.

When COVID-19 hit, our whole approach was suddenly flipped upside down, as thousands of small business owners sought help in the form of government relief funding.

For the sake of the millions of small business owners dealing with the worst financial crisis since the Great Depression, Congress needs to greenlight the next round of the PPP.

As Congress returns to Washington after a summer break, lenders are pressing lawmakers to resuscitate the Paycheck Protection Program.

While the first two rounds of the $659 billion program centered on getting loans into the hands of new participants, lenders want the next iteration to focus on quickly getting many of those borrowers' loans forgiven or helping those still struggling secure another round of funding.

Last week, Lendio, a facilitator of small business loans, released a report analyzing the $8 billion of PPP loans that were approved through its lending platform. A coalition of more than 300 lenders was able to give aid, saving an estimated 1.1 million jobs, Lendio indicates.

In this episode, we talk with BROCK BLAKE, the Founder & CEO of Lendio, which is the largest online marketplace of business loans in the U.S., facilitating over $10 Billion in loan approvals for small businesses.

In addition to the best-in-category winners profiled in the previous pages, here are some quick profiles of entrants in three technology categories: Most Innovative Use of Technology in Services, Products, and Operations.

At Lendio, our unofficial tagline has always been “Fuel the American dream.” Since the country shut down, we’ve been working furiously to bridge the gap between lending institutions and small businesses in need of relief funds. Like so many others, we’ve pivoted sharply in an effort to save the American dream.

My wife and I have a standing agreement to always be honest with each other. It took some getting used to at first. For example, it’s hard to tell your partner you’re not a fan of the dinner they just cooked or the outfit they bought you.

Over the past three months, my team and I have been nearly 100% dedicated to Paycheck Protection Program (PPP) loans. When most individuals were quarantined to their homes, increasing the time spent with loved ones, our families were neglected as we spent thousands of hours adding PPP lenders to our marketplace, building PPP loan application technology from scratch and helping 100,000 small businesses save their American dream.

The Paycheck Protection Program has been a vital lifeline for businesses during the pandemic, providing close to $520 billion in aid to more than 5 million businesses. The premise of the program is to provide recipients with cash infusions to help pay their employees and qualified expenses such as rent, with the promise that in many cases, the loans will be forgiven.

Brock Blake runs Lendio, the largest marketplace for small business loans in America. We can all thank him for making the government’s COVID-19 PPP loan program reach the small business owners on Main Street.

We live in an era where technology goes hand in hand with business. It impacts the pace at which businesses grow and it remains interesting to see trends that will emerge from some of these technologies. A good example is the emergence of chatbots that help in the instant messaging of customers/clients.

Lendio CEO Brock Blake doesn’t remember where or how he saw it, he just knows what his immediate reaction was when he found out that MX — a fellow financial technology company located just across I-15 in Lehi — had developed an open-source code to simplify Paycheck Protection Program loan applications.

After having to shut their doors due to the coronavirus pandemic, an Aloha day center for youth and adults who live with intellectual and developmental disabilities is getting some much-needed funding.

Lendio, a marketplace for small business loans, has partnered with Web.com Group, a web technology firm, according to a release.

Through the partnership with Lendio, Web.com Group will provide its customers with access to capital.

Earlier this week the Small Business Administration and U.S. Treasury Department released a list of recipients from the government’s Paycheck Protection Program (PPP), which so far has allocated $521 billion of the $670 billion approved by Congress under the CARES Act to nearly 659,000 borrowers.

Many industries have suffered severe financial losses due to the coronavirus lockdown – perhaps none more so than the restaurant industry. Lendio recently gathered statistics on the $8 billion in PPP loan approvals that we helped facilitate for 100,000 small businesses.

Over the past three months, my team and I have been nearly 100% dedicated to Paycheck Protection Program (PPP) loans. When most individuals were quarantined to their homes, increasing the time spent with loved ones, our families were neglected as we spent thousands of hours adding PPP lenders to our marketplace, building PPP loan application technology from scratch and helping 100,000 small businesses save their American dream.

The Financial Technology Report is pleased to announce the Top 50 Financial Technology CEOs of 2020. These exceptional executives lead some of the most prominent financial technology companies across the globe and have helped define many of the wide scale advancements the industry has undergone over recent years.

At Lendio, our unofficial tagline has always been “Fuel the American dream.” Since the country shut down, we’ve been working furiously to bridge the gap between lending institutions and small businesses in need of relief funds. Like so many others, we’ve pivoted sharply in an effort to save the American dream.

Your creditworthiness is a measure of your credit score, income, debt-to-income ratio and any past financial fails you’ve experienced – and depending on what type of credit you’re applying for, the lender might want to see a some or all of those things.