Apr 4, 2019

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

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Franchise Owner Sam Foreman Will Facilitate Financing Opportunities for Small Business Owners in Phoenix’s Diverse Industries

PHOENIX, ARIZONA APRIL 4, 2019Lendio, the nation’s leading marketplace for small business loans, has announced the opening of a new Lendio franchise in Phoenix. Through the Lendio Franchising program, Sam Foreman will help local businesses apply for loans, review their options and secure funding, easing the financial hurdles for area small business owners.

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 loans through its platform.

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

“The prospect of helping Phoenix area businesses grow and expand is incredibly exciting to me,” says Foreman, President of Lendio Phoenix. “I have been on both sides of the lending table, as a banker and a local entrepreneur, and I understand the perspectives of both parties. We at Lendio Phoenix want to build relationships with local business owners, find great loan options for them and follow through in helping them succeed in every way.”

Through strategic partnerships with community banks and SBA lenders, Lendio Phoenix 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, the Phoenix 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.

“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 Sam in Phoenix. Through his established relationships in the community and his understanding of local economic challenges, 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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