NASHVILLE, TENNESSEE – November 15, 2017 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a new Lendio franchise in Nashville, Tennessee. Through the Lendio franchise program, Joe Gadd will help local businesses in the community apply for loans, review their options and secure funding, easing the financial hurdles for small business owners.
Lendio is an online service that helps business owners find the working capital they need to grow their business through the company’s network of over 75 lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans, and more. In the last fiscal year alone, Lendio facilitated more than $240 million in funding.
The Lendio franchise program makes accessing business loans easy by helping small business owners skip the legwork of looking for a small business loan. Franchisees understand the needs of local business owners and can guide them through the lending process. By bridging that gap between the online lending marketplace and the small business owners, Gadd will help open a world of funding opportunities for business owners in Nashville’s diversified local economy.
“Lendio’s marketplace is a unique and innovative approach to a much-needed service in the lending industry,” said Joe Gadd, president of Lendio Regional Lending Services — Nashville. “I was drawn to open my own Lendio franchise because one of the biggest pain points for small business owners is finding and securing the funding they are looking for.”
“Small businesses make up 28 million of America’s businesses. The problem is that an estimated 80 percent of small business loan applications are being rejected by traditional banks,” said Ben Davis, chief franchising officer at Lendio. “Our core value is to give small businesses access to capital and help fuel the American Dream. We’re excited to expand our franchise program with Joe. We share a passion to see small businesses grow and make a positive impact on the U.S. economy, and the local community.”
Since 2008, accessing financial capital for small business owners has been difficult. According to Edelman Intelligence, more than 40 percent of small business owners need additional funding for their business each year. Roughly 70 percent of small business owners aren’t aware that alternative lending sources exists. From healthcare to entertainment and publishing to transportation technology, Lendio Nashville will provide greater access to capital to all of the area’s growing and diverse industries.
For more information on how to join the Lendio franchise program, visit: https://www.lendio.com/franchise.
Lendio is a free online service that helps business owners find the right small business loans within minutes. The center of small business lending, our passion is fueling the American Dream by uniting the small business loan industry and bringing all options together in one place, from short-term specialty financing to long-term low-interest traditional loans. Our technology makes small business lending simple, decreasing the amount of time and effort it takes to secure funding. More information about Lendio is available at www.lendio.com.