Dec 8, 2020

Access to Growth Capital Expands for Small Businesses in the East Valley

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Lendio Mesa/Gilbert franchise owner Oscar Moreno will bring transparency and expertise to small business lending

PHOENIXDecember 8, 2020 Lendio, the nation’s leading marketplace for small business loans, today announced the expansion of the Lendio franchise in the East Valley. Franchise owner Oscar Moreno will help local entrepreneurs all the way from the East Valley to Tucson determine which financing options are best and how to secure the loans they need.

Moreno opened his Tucson-area franchise two years ago and has already assisted hundreds of businesses to secure a wide variety of loans. Given local population growth and the strong small business community, Moreno is increasing his footprint to include the east Tucson region (including Sierra Vista and Nogales) north through San Tan Valley, Gilbert, Mesa and Apache Junction.

Lendio is an online service that helps business owners find the working capital they need through its network of over 75 lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans and more. Since its inception in 2011, Lendio has grown rapidly and helped to facilitate more than $2 billion in capital for small businesses. In the last four months, Lendio has secured $8 billion in Paycheck Protection Program loan approvals for small businesses in need of emergency relief funds.

The Lendio Local program matches small business owners with lenders in a way that has never been done before, through funding experts in their local communities. This is more critical than ever in light of the global pandemic. When the U.S. Congress created the Paycheck Protection Program, many business owners didn’t have the relationships with SBA-approved lenders that they would need in order to access the funds. Moreno understood this and was able to help businesses access these critical funds.

A small business owner himself, Moreno knows that entrepreneurs crave transparency and realistic expectations in the lending process. He knows the region and is eager to lend his expertise to the growing small business community. Moreno is also bilingual, which positions him well to serve the area’s sizable Hispanic population.

“Mesa is one of the largest cities in the state and Gilbert is one of the safest in the country,” Moreno noted. “These cities are booming because they’re great places to live and to start a business. But especially in this challenging economic climate, they need funding and guidance.”

Lendio East Valley will cater to a wide variety of businesses, including retailers, restaurants, construction and contractors and transportation companies. SBA loans, along with lines of credit and short-term loans are the most sought-after today. With the backing of the largest business loan marketplace in the country, Moreno’s newly expanded franchise will benefit from Lendio’s strong, built-in supports, marketing campaigns and extensive hands-on training with a wide array of financing options and loan products.

“There are loans available for the entrepreneurs that need them,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Oscar will be able to provide much-needed guidance, along with access dozens of lending options.”

For more information on how to join the Lendio franchise program, visit: https://www.lendio.com/franchise.

About Lendio

Lendio is the nation’s leading small business finance solution provider. 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 more than 300,000 small business loans for more than $11.8 billion in total funding, including $9.8 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. More information about Lendio is available at www.lendio.com.

About the Author

Spencer Anopol

Spencer has spent the last ten years in the throes of all things marketing and communications. In the past, he has written for companies and clients spanning restaurants to SAAS companies, and entertainment guilds to yoga studios. Spencer has a B.S. in Communications from the University of Utah. When not writing or working, he can be found in the mountains on a hike, in a movie theater with a tub of popcorn, or on stage at a local theater.

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