Nov 11, 2019
Lendio Utah franchise owner Jason Kirkham will facilitate financing for small business owners in the area’s growing industries
ST. GEORGE, Utah – November 11, 2019 – Lendio, the nation’s leading marketplace for small business loans, today announced the expansion of the Lendio franchise in Utah. The expansion will present new opportunities for local small business owners to acquire capital to grow and scale their businesses.
Jason Kirkham, president of Lendio Utah, has been helping business owners secure funding in Salt Lake and Utah counties for the last two years. As he expands to Southern Utah, he will connect the region’s growing number of entrepreneurs with the nation’s top online lenders.
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 over $1.7 billion in capital for small businesses, a third of which was originated in the last twelve months.
The Lendio Franchising program matches small business owners with 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 Southern Utah, Kirkham will work to open a world of funding opportunities to business owners that were previously unreachable.
Kirkham, who holds degrees from both Dixie State University and Southern Utah University is particularly excited to help entrepreneurs in an area he holds particularly close.
“Southern Utah is a special place with some of the best scenery, infrastructure and people I know. The past few years, the area has seen immense growth, but it is small business owners and entrepreneurs who will continue to drive the economy in the area,” says Kirkham. “I am excited and equipped to help these business owners find the capital they need to be successful and thrive.”
Through strategic partnerships with community banks and SBA lenders, Lendio Utah will expand access to capital to business owners in the area’s growing industries—from lines of credit for seasonal businesses to working capital for construction companies. In addition to being backed by the largest business loan marketplace in the country, Kirkham’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.
“Over the last few years, approval rates among large banks have dropped a few points, while approvals from online lenders have soared,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “The combination of a high-tech marketplace and the personal touch of a local representative like Jason will allow Southern Utah business owners to access loan options they didn’t even realize existed.”
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 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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