Sep 3, 2020
Claiming a spot on the Utah Business Fast 50 list for four years running, Lendio is recognized for its revenue performance and overall growth
Lehi, Utah—September 2, 2020—Lendio, the nation’s leading marketplace for small business loans, today announced its placement among the Utah Business Fast 50. Lendio has previously ranked in 2019, 2018 and 2017.
Companies on the Utah Business Fast 50 are those that have been in business for at least two years and have shown considerable growth. They are ranked based on a combination of revenue growth and total revenue. Lendio ranked 28th on the list for the second year in a row.
Founded in 2011 by Brock Blake and Trent Miskin, Lendio is a free online service that helps small business owners find the right loans for their diverse needs. To-date, Lendio has facilitated over $10B in financing through more than 200,000 small business loans, including 100,000 Paycheck Protection Program loans to small businesses as part of the CARES Act.
“In a year when businesses across the state have been in near-constant flux, it’s a great privilege to be among those on the Utah Business Fast 50,” said Brock Blake, CEO and co-founder of Lendio. “In addition to our mission of helping save small businesses across the country during the COVID-19 pandemic, protecting the jobs of our employees and hiring hundreds of additional Utahns is something we’re incredibly proud of.”
Throughout the nation, coronavirus-driven layoffs reached unprecedented levels. Amid the job losses and layoffs, many Utah workers found themselves seeking temporary or new positions. Lendio was fortunate to offer such temporary employment to over 200 employees.
Lendio is ranked by Glassdoor as one of the Top 50 Workplaces and has been certified for four years running as a great workplace by the independent analysts at Great Place to Work®. In addition, Lendio ranks on Fortune’s Best Workplaces in Financial Services & Insurance and Inc.’s Best Workplaces.
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.
Address: 4100 N. Chapel Ridge Rd. Ste. 500, Lehi, UT 84043
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