Jul 15, 2020
Web.com Group customers will have access to growth capital through the nation’s largest small business loan marketplace
SILICON SLOPES, Utah – July 15, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced a partnership with Web.com Group, a leading web technology company helping millions of customers around the globe thrive in a connected world, designed to help merchants get access to capital for pandemic-related relief, cash flow management, business expansion and more.
“Small businesses are diverse and there’s not a one-size-fits-all financing solution for them. With access to Lendio’s loan marketplace, our merchants will be able to select from a wide array of loan options from the nation’s top online lenders,” said Chris Ortbals, Chief Product Officer, Web.com Group. “We’re committed to helping our small business customers thrive online, and we are pleased to be providing yet another solution to ease the hurdles they face.”
Through the partnership with Lendio, Web.com Group will provide its customers with streamlined access to capital to help solve their financial challenges. Lendio will continue facilitating loans through the Paycheck Protection Program to help small businesses affected by the COVID-19 pandemic. Prior to the recent economic downturn, less than half of small businesses reported that their funding needs were satisfied. According to Fed Small Business’ 2019 Report on Employer Firms, financing shortfalls were most acute for firms seeking $100 to $250K in funding. Lendio’s approach to small business lending helps eliminate common financing challenges by matching business owners with the right lender for their needs.
“Lendio is committed to fueling the American dream for small business owners by making it simpler and quicker to access capital which is more important than ever,” said Brock Blake, CEO and founder of Lendio. “We are excited to partner with Web.com Group, which shares our passion for providing small business owners with tools to succeed. Whether it’s addressing cash-flow related issues, helping business owners apply for federal relief funds or assisting those who are poised for growth, Lendio looks forward to helping these merchants innovate and succeed.”
For more information about Lendio, visit www.lendio.com.
For more information about Web.com Group, visit www.web.com.
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.
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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