Jul 9, 2019
Lendio Franchising receives strong marks for cost, size, growth and stability
SILICON SLOPES, Utah – July 9, 2019 – Lendio Franchising was recently recognized by Entrepreneur magazine as a Top 100 Franchise for Less Than $50,000 in 2019, and as the Best Financial Services Franchise Brand for the second year in a row. The recognitions follow Lendio Franchising’s ranking in the magazine’s prestigious Franchise 500® earlier this year.
Lendio is the nation’s largest marketplace for small business loans, matching business owners with the right loans through a simple 15-minute application. Lendio Franchising, the first-of-its kind lending marketplace franchise program, was launched in early 2017 and has since expanded to 67 territories with 33 franchise owners around the country. Lendio franchisees work directly with small business owners in their communities to find funding options through community banks and Lendio’s marketplace of more than 75 online business lenders. Since its inception, the program has facilitated over $40 million in loans to local businesses across the U.S.
“Lendio’s franchise owners are highly in tune with the needs, challenges and impact of small businesses in their communities,” said Mark Cottle, Executive Vice President, Franchising. “Through unmatched access to the nation’s best lenders, coupled with local lending partners, Lendio franchisees are lifting entrepreneurs and communities with a high tech, high touch approach.”
“Entrepreneurs to me are the epitome of the American Dream,” said Lendio North Florida franchise owner, Luis Salazar. “These are people that make something out of nothing but pure grit and determination. It’s truly fulfilling to get to meet and work with them every day.”
Entrepreneur’s Top 100 Franchises for Less Than $50,000 in 2019 and Best Financial Services Brand are both based on rankings from scores received by franchises in the 2019 Franchise 500® ranking. The initial Franchise 500® ranking comes from a cumulative score based on an analysis of over 150 data points. Factors include cost, fees, size, growth, corporate support, brand strength and financial stability.
Lendio is a free online marketplace that leverages machine learning to help business owners find the right small business loans within minutes. With a network of over 75 lenders offering multiple loan products and over 100,000 small business loans funded, Lendio’s marketplace is the largest in the country and the center of small business lending. Based in the Silicon Slopes of Lehi, Utah, Lendio was recently recognized by Glassdoor as one of the Top 50 Workplaces and has been certified for four years running as a great workplace by the independent analysts at Great Place to Work®. In addition, Lendio ranks on Fortune’s Best Workplaces in Financial Services & Insurance and Inc.’s Best Workplaces. For every new loan facilitated on Lendio’s marketplace platform, Lendio Gives, an employee contribution and employer matching program, provides a microloan to a low-income entrepreneur around the world through Kiva.org. More information about Lendio is available at www.lendio.com. Information about Lendio franchising opportunities can be found at www.lendiofranchise.com.
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.
Address: 4100 N. Chapel Ridge Rd. Ste. 500, Lehi, UT 84043
Email: [email protected]