Lendio in the news

Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011.

The research, conducted by OnePoll in conjunction with Lendio.com, found the biggest obstructions owners faced as an SBO revolved around a challenging economy, while hiring talented employees and general financial concerns proved the top three challenges.

Seven in ten small business owners feel the American Dream is harder to reach than ever before, according to new research.

WASHINGTON, Aug 14 (Reuters) - Financial technology companies that lend online are sounding a cautious note on a U.S. banking regulator's plan to offer them special federal charters because of concerns over legal challenges and requirements that are more onerous than expected.

IRVINE, Calif.--(BUSINESS WIRE)--QuickBridge, a privately-held, leading financial services firm, announces its participation in Lendio’s turndown program. This partnership marks another milestone in QuickBridge’s commitment to providing business loans to small businesses nationwide.

WASHINGTON (Reuters) - A U.S. bank regulator said on Tuesday it would start accepting national charter applications from financial technology companies, giving so-called fintech firms a path to federal oversight for the first time.

RJ Muto said he has received such strong customer response to his Lendio fintech franchise in Rochester since buying it last year, he has chosen to expand into Buffalo.

Below is our recent interview with Brock Blake, CEO and Founder of Lendio

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California.

When you need a place to stay, booking a room through AirBnB is as simple as a few taps on your phone. If you need a ride, you open your Uber app and a car pulls up within minutes. Want to find the cheapest airfare for a weekend getaway? Online marketplaces like Kayak will show you a list of options, and all you have to do is click through to secure your seat. The founders of Lendio wanted to make it just as simple for small business owners to get a loan as it is to plan a vacation—and their remarkable success over a relatively short period of time demonstrates how hungry entrepreneurs are for their services.

With Lendio’s sophisticated online marketplace, business owners complete one application for access to 75 potential funding sources – and receive an offer within hours. CEO Brock Blake proudly calls his company, Lendio, “the nation’s leading marketplace for small business loans.” To date, the company has funded about $850 million in loans, helping more than 40,000 business owners across the U.S. Blake says Lendio is on track to reach $1 billion in loan volume in the next few months.

Lendio announced today that Lendio Gives, its employee contribution and employer matching program, has provided more than $70,000 in microloans to 2,800 underserved entrepreneurs in 78 countries through Kiva. Kiva is a nonprofit with a crowdfunding model that connects lenders to low-income entrepreneur borrowers.

One of the biggest challenges small business owners face is finding capital. For many of these owners, online “FinTech” lending platforms have come to the rescue. The five leading online small business lenders including, OnDeck, Kabbage and Lendio, increased from $2.6 billion in 2015 to $3.9 billion in 2017, a 50 percent jump.

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advances in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity and so many more attending the Oscars of Fintech.

Earlier this week, Lendio announced its third annual Top 10 States for Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio added that in 2017 it helped facilitate more than $300 million in funding in all 50 states, a 62% annual increase in loans originated through its platform.

Imagine going over 55 miles an hour over water…not in a boat, not in a plane, but on a zipline. Utah has over 40 state parks and they all offer something a little different. Eugene Swalberg of the Utah State Parks says, “At Deer Creek State Park folks may know about boating for fishing and for camping, but what they don’t know about is Zipline Utah."

Benzinga, the leading digital financial media publication and data provider, announced today that over 200 finalists will be competing in nearly 30 categories at the 2018 Benzinga Global Fintech Awards. The BZ Awards competition recognizes the most innovative companies in every fintech vertical.

In honor of the upcoming National Small Business Week, Lendio, the nation’s leading marketplace for small business loans, will announce its third annual list of top 10 states for small business lending. Based on lending data from the Lendio platform, which matches businesses with more than 75 lenders, the list will offer an inside look at how small businesses across the country approach financing.

Small businesses that need access to working capital, or that are looking to expand, used to be able to rely on their local banks for loans — but that’s changing. Fewer banks are serving the small business community, leaving a gap in this important part of our economy. Lendio is a small business loan marketplace that allows business owners to fill out a single application and get loan offers from a pool of 75 trusted lenders on the platform.

Finance is a major area of running any operation, especially for small business owners. Therefore it’s important and essential to seek professional advice and resources. This is our 2018 Best Financial Blog list where we name the top financial blogs which we feel portray these characteristics and more.

Brides around the world are designing their own edgy wedding gowns with the help of some Utah artists. For bride-to-be Arielle Borcik, there is no sense in wasting any time. Whatever she envisions herself wearing on the biggest day of her life is exactly the gown she is going to get because a team of professionals is making it just for her.

Thousands of businesses each year are declined much-needed loans to purchase equipment, add a location, or promote growth. Approved applications are still subject to a long, tedious process that can cost the applicant, on average, 25 total hours of work to complete. Since 2011, over 30,000 business owners have turned to Lendio to help fund more than $700 million in business loans.

Who are America’s small business owners and entrepreneurs? The answers vary depending on whom you ask. Some believe entrepreneurs are fast-growth tech businesses, while others insist true small business owners can only be found on Main Street. While we don’t have a definitive answer, the people at Lendio examined several data sources, surveyed their customers and other business owners, and came up with a lot of interesting statistics about the small business owners of America.

Finding a small business loan is now possible in less than ten minutes, thanks to an up-and-coming finance brokerage. One after another, funding managers at Lendio process more than 200 loan applications a day. For them, it is another day at work, but for business owners like Chantel and Tyler Galloway, the outcome changes lives.

There’s a certain drive for entrepreneurship that lies within most business owners. A motivation deep inside, pushing us to persevere even when the rest of the world is telling us to quit. More than ever, the drive is growing within business owners across the country: the number of new entrepreneurs ages 55–64 has increased from 15% to 25% since 1996.