Apr 29, 2019

Lendio Franchise Opens in Erie to Expand Access to Capital for Local Businesses

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Franchise owner John Fee will facilitate financing opportunities for small businesses in the Erie area

ERIE, PENNSYLVANIA APRIL  29, 2019Lendio, the nation’s leading marketplace for small business loans, has announced the opening of a new Lendio franchise in Erie. Through the Lendio franchise program, John Fee, a local business owner himself, will help other entrepreneurs in the community apply for loans, review their options and secure funding, easing their financial hurdles.

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 12 months alone, Lendio facilitated more than $500 million in funding.

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 Erie, Fee will work to open a world of funding opportunities to business owners that were previously unreachable.

“I’m excited to help people attain their dreams,” says Fee, President of Lendio Erie. “To me, business is not transactional, I’m here to build relationships with small business owners and help them find success. And I know that one by one, we can not only grow individual businesses, but help Erie and the surrounding areas thrive.”

Through strategic partnerships with community banks and SBA lenders, Lendio Erie 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 manufacturing companies. In addition to being backed by the largest business loan marketplace in the country, the greater Erie area 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 for the area’s diverse industries.

“This is an amazing area to live in and start a business in—I’ve done it,” continues Fee, “But the area needs more jobs and more reasons for people to stay. I’m determined to help Erie and the surrounding areas reach their full potential.”

“Erie business owners have long struggled to find access to additional capital and are a perfect example of why we created Lendio Franchising,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Through John’s established relationships in the community and his understanding of local economic challenges and opportunities, he will 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 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

Spencer Anopol

Spencer Anopol

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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