You already know that Lendio is the nation’s leading financing marketplace for small businesses. But did you know that Lendio also provides tools for financial institutions to more effectively serve the small business community?
In working with more than 300 financial institutions to support the SBA’s Paycheck Protection Program (PPP) loans, we identified gaps in the lending industry that we could fill to allow FIs to better serve SMBs. This became the catalyst for Lendio Intelligent Lending.
The DNA of Lendio Intelligent Lending is data. Our data scientists, engineers, and customer experience experts apply data insights to feed the Lendio Intelligent Lending—enabling financial Institutions to quickly identify potential borrowers, process data and underwrite loans in a fraction of the time and with high accuracy.
Behind many great small businesses are financial institutions that provide working capital to fuel growth. Lendio’s vision is to kindle the fuel. We deliver technology that enables financial institutions to profitably access the small business market and launch new loan products without needing additional resources. And because Lendio Intelligent Lending is a SaaS solution, we will continue to enhance the product and provide new capabilities to fuel growth for financial institutions and their small business customers into the foreseeable future.