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 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.
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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