Lendio in the news

Fintech lenders doling out PPP not only reached smaller businesses on average but played an essential role in extending PPP loans to Black-and Hispanic-owned businesses, according to a study conducted by professors at the NYU Stern School of Business.

The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report.

On this episode of The Marketer’s Journey, I interview Karen Peterson, CMO of Lendio. As the largest marketplace for small business loans in the USA, Lendio experienced rapid growth and acceleration due to the COVID-19 pandemic and Karen describes taking on this new role and being at Lendio for these changes as the most exhilarating, challenging and rewarding time.

Thryv, Inc. (NASDAQ:THRY), the provider of Thryv® software, the end-to-end client experience platform for growing small businesses, today announced a strategic partnership with Lendio, the nation’s leading financial solutions provider for small businesses.

Brock Blake has a very disciplined life. His family, health, early morning routines, and his faith are a few of his daily habits and what’s important to him. Over the past year his company, Lendio, has been thrust into the essential role of processing thousands of transactions for small business owners. In the first round of PPP loans, Lendio processed 115,000 loans worth $8 billion dollars.

When auto repair shop owner Michael Hannah requested a second Paycheck Protection Program loan from his longtime bank, BOK, earlier this month, he was met with the sounds of silence.

“I’m on a waiting list. They haven’t gotten back to me. I haven’t even been able to apply,” said Hannah, owner of Hannah’s Mastertek in Aurora.