Oct 30, 2018

Lendio Franchise Announced in Utah to Expand Access to Capital for Local Businesses

Franchise owner Jason Kirkham will facilitate financing opportunities for small business owners in Utah’s diverse industries

Salt Lake City, UtahOctober 30, 2018Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a Lendio franchise in Utah. Through the Lendio franchise program, Jason Kirkham will help local businesses apply for loans, review their options and secure funding, easing the financial hurdles for entrepreneurs.

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 fiscal year alone, Lendio facilitated more than $400 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 Utah, Kirkham will work to open a world of funding opportunities to business owners that were previously unreachable.

“Over the years as a business consultant and accountant, I’ve worked with so many business owners who have fantastic visions of what they want to create with their businesses. But almost none of them have a deep understanding of how to manage their financials,” said Jason Kirkham, President of Lendio Utah. “I love educating business owners about how to manage their cash flow so they can turn their dreams into realities.”

Through strategic partnerships with community banks and SBA lenders, Lendio Utah will expand access to capital to small business owners in all of the area’s growing industries—from lines of credit for seasonal businesses to startup funding for software 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.

“Roughly eighty percent of small business loan applications are being rejected by traditional banks that aren’t set up to serve small businesses,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Lendio is excited to expand the franchise program with Jason in Utah. Through his established relationships in the community and his understanding of local economic challenges, he’ll be able to connect local business owners with loan options they didn’t even know existed.”

For more information on how to join the Lendio franchise program, visit: https://www.lendio.com/franchise.

About the author

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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