Aug 19, 2019

Lendio Ranks Among Utah’s Fastest Growing Companies in 2019

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Claiming a spot on the Utah Business Fast 50 list for three years running, Lendio is recognized for outstanding revenue growth and innovation

SILICON SLOPES, UtahAugust 15, 2019 Lendio, the nation’s largest marketplace for small business loans, today announced its ranking on the Utah Business Fast 50, a definitive list of the fastest-growing companies in the state. Lendio ranks 28th on the 2019 list, after coming in at No. 42 in 2018 and No. 40 in 2017.

The Utah Business Fast 50 is an annual list honoring companies in the state of Utah that have been in business for five years or more and demonstrate exceptional revenue growth and innovation. Honorees are ranked according to their total five-year revenue and compound annual growth rate, and will be featured in the September issue of Utah Business magazine.

Lendio prides itself on being a small business advocate, connecting business owners with the capital they need to start, operate and grow. With loan options on tap from more than 75 of the nation’s leading online lenders, banks and industry specialty lenders, Lendio’s marketplace is a one-stop shop for thousands of business owners looking for funds. To-date, Lendio has facilitated over $1.5B in financing through more than 80,000 small business loans. These loans have generated an estimated $5B in gross economic output in communities across the U.S.

“When Lendio was founded, the goal was less about growth rate and more about providing a great service to small business owners,” said Ben Davis, CRO at Lendio. “While Lendio’s rapid growth as a business is exciting, helping small business owners achieve their dreams is what fuels everything we do.”

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 Lendio

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.

About the Author

Melanie King

Melanie King

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.

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