Lendio in the news

After seeing how small businesses struggled to secure capital from US banks following the 2008 global financial crisis, Brock Blake founded Lendio in 2011. Since its inception, Lendio and Mr. Blake have raised more than $30 million in their effort to be the Kayak of small business loans.

While attending this year’s Lendit Fintech Conference in San Francisco, I bumped into Karen Mills, former U.S. Small Business Administrator and senior fellow at Harvard Business School. We’ve participated on a few panels together and gotten to know each other over the years. Mills had just released her new book, “Fintech, Small Business & The American Dream.” She handed me a special signed copy and said, “Pay close attention to chapter 8!”

If you were renting Apollo 13 at your local Blockbuster in 1995, you likely had no idea the video rental industry was about to dramatically change. But, Reed Hastings had another idea.

Brock Blake created Lendio to advance the future of small businesses everywhere. Knowing firsthand how critical it is to have access to capital, he believed there was a faster, more efficient way for small business loans to be funded than individually visiting the thousands of lenders that offer a variety of loan products. So he built a tool to optimize that process, gathering all the information needed to submit to 75 different lenders. To further facilitate this consultative approach to business lending, they launched a marketplace lending franchise model in 2017, making them the first fintech company to introduce such a model.

Today’s guest, my friend Brock Blake, is proof of that. He is the CEO and founder of Lendio, an Inc. 500 CEO, national keynote speaker, Forbes columnist, and Utah’s Emerging Executive of the Year. Lendio is the largest online marketplace of business loans in the U.S. Brock believes that access to capital should be simpler and quicker for small business owners. Lendio has facilitated over $1.5 billion in loans to small businesses. Brock and his team donate a percentage of funds to low-income entrepreneurs around the world through Kiva.org.

Brian Ardinger, Founder of Inside Outside Innovation talks with Brock Blake, Co-founder and CEO of Lendio on Financing Entrepreneurs at Scale

In this episode I chat with Brock Blake founder and CEO of Lendio. Lendio, is a small business lending platform and has raised about 53 million to date from Tribecca Venture Partners and Comcast Ventures.

Brock Blake is a lifetime entrepreneur and current CEO of Lendio, the country’s largest marketplace for small business loans. His entrepreneurial spirit began to blossom when he took on a paper route as a young boy. From there he moved into larger ventures like starting his own soccer camp business and purchasing scooters from China and selling them locally.

Today's guest joining us on the show, believes so deeply in the American Dream that he made it his life’s mission to help small businesses across the country fuel their own aspirations.

As Founder and CEO of Lendio, the largest online marketplace of small business loans in America, he has helped thousands of business owners access more than $1 billion in funding.

The post Lendio Founder Brock Blake Loans Us His Experience appeared first on Entrepreneur Podcasts With Join UP Dots.

Getting a small business loan can be critical to the economic growth of a company, but financing remains elusive for more than a quarter of small U.S. firms, says the National Small Business Association. Below, we describe the types of loans and lenders available, break down the best small business loans, and explain how to get one.

Here at CBNation, we love to hear what being a CEO means to different entrepreneurs and CEOs. We understand it entails a great responsibility and expectations from both the clients and the team you’re leading but its meaning varies with each CEO.

We asked entrepreneurs and business owners their definition of the word CEO and here’s what they had to say.

Lending is the ultimate engine of innovation and economy growth. And managing to get a loan with an acceptable interest rate is often what makes or breaks new businesses. The staggering growth of alternative lending worldwide is only possible since the people aren’t happy with the way old-school banks handle their role in making money accessible.

Members of the C-suite are responsible for developing the methods and strategies behind a company’s success. As team leaders, they make the hard decisions that impact daily operations as well as the long-term vision of the company. Join us in celebrating the 2019 CXO of the Year honorees who show us what it means to be a leader.

Lendio is a national lending marketplace providing funding to help small businesses. The company has 60 franchises around the country, including one in Erie. Local franchise owner John Fee said the company is all about giving businesses plenty of options to get the money the need. He said, "What Lendio does is we would help match you to a good lender. We work with over 75 lenders that are nationwide. We provide the small business owner with a lot of options in a quick easy manner."

Loans are an integral part of business growth for most small and medium enterprises. But how do you grow and expand your small business operations when no bank is willing to advance you credit facilities because of a poor credit score?

In most cases, these small and medium enterprise administrators often turn to the short term loans offered by the payday lenders. The biggest problem with these, however, is their insanely high interest rates and numerous hidden fees and penalties that push up the price.

As an entrepreneur himself, Brock Blake knows how frustrating it can be for aspiring business owners to get the loans needed to turn their ideas into a reality. That’s why he started Lendio, which aims to simplify the small business loan process.

The average job opening costs an organisation $500 each day, according to employment agency Randstad. Open positions need to be filled quickly, but they also need to be filled with competent, qualified people. The job market is tightening and competition is now so stiff that even employers need an elevator pitch.

A few weeks ago, former Utah Governor and Health & Human Services Secretary Michael O. Leavitt spoke at a technology summit here in the state. He talked about where Utah’s tech sector was 25 years ago, where it is now and what needs to happen to keep the momentum going. “Leadership is a generational relay,” Leavitt said. “Each generation builds on the generations before.” A quarter of a century ago, Leavitt’s administration laid the foundation for the state’s business growth with an objective to become a tech capital.

Lendio just announced its fourth annual list of top 10 states for small business lending, based on loan data from the Lendio platform, which matches businesses with more than 75 lenders.

Though banks were slightly more open to approving small business loans in 2018, it’s still a challenge for small business owners to access capital through traditional methods.

Looking for a franchise that fits your budget? The following are the top franchises that can be started for less than $50,000, ranked based on the scores they received in the 2019 Franchise 500.

Lendio, the nation’s largest marketplace for business loans, today announced its fourth annual list of top 10 states for small business lending, based on loan data from the Lendio platform, which matches businesses with more than 75 lenders. This year’s top states for small business lending are: California, Utah, Washington, Texas, New Jersey, Arizona, Florida, Colorado, Massachusetts, Connecticut.

Where do entrepreneurs go for small-business financing? Banks may not be an obvious answer for this. SMEs (with <500 employees) account for ~99.7% of the total employer firms in the US and contribute nearly half of the non-farm GDP of the nation. Only three out of every four of these SMEs manage to get adequate financing through loans, credit cards, venture capital, or crowdfunding.

Your chief marketing officer probably isn’t using Tinder to find new customers, but perhaps she shouldn’t laugh at the idea.
The impact of technology on personal relationships is drawing startling parallels to its impact on marketing a brand: How interested is the other party? Are their interactions authentic? Will they be around for the long haul?

The workplace continues to evolve and financial services firms are changing the ways they recruit and manage their employees. They’re tweaking the job perks they offer, like flexible working arrangements, to hire and retain top talent. Financial firms are also making changes to the structure of teams and to their organizations as a whole to keep pace with innovation.

Check out episode 453 of “Cool Things Entrepreneurs Do” – featuring an engaging interview with the founder and CEO of Lendio, Brock Blake. Brock Blake believes so deeply in the American Dream that he made it his life’s mission to help small businesses across the country fuel their own aspirations. As Founder and CEO of Lendio, the largest online marketplace of small business loans in America, he has helped thousands of business owners access more than $1 billion in funding.