Sep 11, 2019
Franchise owner Colin Hutchinson will facilitate financing opportunities for area small business owners
Kalamazoo, MI – September 11, 2019 – Lendio, the nation’s leading marketplace for small business loans, has announced the opening of a new Lendio franchise in Southwest Michigan. Through the Lendio Franchising program, Colin Hutchinson will help local businesses apply for loans, review options and secure funding, easing the financial hurdles for area small business owners.
Lendio is a technology-driven service that helps business owners find the working capital they need through its network of over 75 lenders. Funding options include lines of credit, SBA loans, equipment loans, commercial real estate loans and more. Since its inception in 2011, Lendio has grown rapidly and helped facilitate over $1.5 billion in capital for small businesses, a third of which was funded in the last twelve months.
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. Local franchisees understand the needs of local business owners and can guide them through the lending process.
Lendio SW Michigan franchisee, Colin Hutchinson, brought his family back to the Southwest Michigan region to be closer to family. Now he hopes to bring funding opportunities to manufacturers, equipment dealers, contractors, restauranteurs, and other Main Street business owners that were previously unreachable.
“My approach includes three steps,” says Colin. “Get to know the business well, learn about the company’s opportunities and challenges and evaluate all the barriers to access growth capital. With that information, I can help any small business methodically remove barriers and qualify for the optimal loan product needed to finance its growth.”
“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 Colin in southwest Michigan. Through strategic 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 Lendio SW Michigan, visit: www.lendiolocal.com/swmichigan
Lendio is the nation’s leading small business finance solution provider. 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 more than 300,000 small business loans for more than $11.8 billion in total funding, including $9.8 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. More information about Lendio is available at www.lendio.com.
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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