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Oct 31, 2019
Ranking No. 42 on the list, Lendio is recognized for outstanding revenue growth over the last five years
SILICON SLOPES, Utah – October 31, 2019 – Lendio, the nation’s largest marketplace for small business loans, today announced it has been named to MountainWest Capital Network’s 2019 Utah 100 list. Lendio ranks 42nd on the list of Utah’s 100 fastest-growing companies. The rankings were announced at the 25th annual Utah 100 Awards luncheon at the Grand America Hotel.
Utah 100 honorees were chosen based on both their percentage and dollar revenue increase between 2014 and 2018. In addition to the Utah 100 Award, MountainWest Capital Network recognizes Utah’s 15 top revenue-growth companies, as well as a select list of newer, Emerging Elite Companies.
“It’s an honor for Lendio to be ranked among the fastest-growing companies in Utah. We know that Lendio’s growth is indicative of small business growth nationwide,” said Brock Blake, CEO and founder of Lendio. “The small business loans we’ve facilitated have generated well over $5B in gross economic output across the U.S. We can’t wait to see that number multiply in the coming years.”
Lendio was founded in 2011 by Brock Blake and Trent Miskin. This is the company’s third year on the Utah 100 list. A free online service that helps small business owners find the right loans for their diverse needs, Lendio has become a trusted advocate for small business owners seeking to understand their financing options. Lendio has facilitated $1.7B in financing through 90,000 small business loans to-date. Lendio moved its headquarters to Lehi, Utah, in May to accommodate a growing workforce and expansion of services.
“Utah’s economy has never been stronger, and it’s in large part thanks to the tremendous efforts of these companies and others that make Utah truly the place to be for business,” said Ryan Dent, chairman of the MWCN Utah 100 committee. “We’ve had 25 great years of honoring the companies making Utah great, and we look forward to the next 25 years and beyond.”
To learn more about Lendio, visit www.lendio.com. Visit www.lendio.com/careers for more information about working at Lendio, or www.lendio.com/franchise for details about Lendio franchising opportunities.
About MountainWest Capital Network
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success and dedicated to the flow of financial, entrepreneurial and intellectual capital. For more information, visit www.mwcn.org.
Lendio is the nation’s leading small business loan marketplace. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated over 200,000 small business loans for $10 billion in total funding, including $8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world.
As a reporter and editor, Melanie has written about everything from retail and tourism trends to economic development for regional newspapers, trade publications, and national magazines. As Lendio’s Director of Public Relations, she specializes in reporting fintech industry news and its impact on American small businesses. Melanie has a B.A. in Journalism from Brigham Young University. She is also a backpacker, runner, and mom of four.
Address: 4100 N. Chapel Ridge Rd. Ste. 500, Lehi, UT 84043
Email: [email protected]