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Dec 2, 2020
Franchise owners Dave Prescher and Zac Smith will help small business owners get the funds they need to survive and thrive
KNOXVILLE, Tenn. – December 2, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a Lendio franchise in Knoxville. Through the Lendio franchise program, Dave Prescher and Zac Smith will be a resource for small business owners at every stage of development to help them identify and secure financing.
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. In the last year alone, Lendio facilitated more than $500 million in loans.
The Lendio Franchising program matches small business owners with the nation’s top online lenders in a way that has never been done before, through funding experts in their local communities. Franchisees are small business owners themselves, and as such, understand the needs of local business owners and can guide them through the lending process. In Knoxville, Prescher and Smith will guide business owners through the process of securing the funding they need, all while ensuring that all aspects of their business are working to their strongest capabilities.
“Knoxville is truly a hidden gem,” said Prescher, co-owner of Lendio Knoxville. “Beyond the beauty of the region and the amazing culture here, there is so much opportunity. Zac and I are eager to assist local entrepreneurs, especially during this unusually challenging time.”
The local Lendio team will forge strategic partnerships with community banks and other professionals serving small businesses to identify those seeking access to capital. The region is home to 60,000 small businesses representing a wide variety of industries. Lendio Knoxville will do everything from helping construction companies seek lines of credit to science and technology firms secure growth capital. In addition to being backed by the largest business loan marketplace in the country, Prescher and Smith’s 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.
“Most small businesses aren’t a good fit for the traditional bank loan experience and as a result, most applications are rejected,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Dave and Zac are going to fill that gap and will be amazing resources for the Knoxville business community. Their expertise is needed now more than ever.”
For more information on how to join the Lendio franchise program, visit: https://www.lendio.com/franchise.
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.
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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