Press Releases

Lendio has launched a new Preferred Member program to offer enhanced services to more mature businesses with complex funding needs. This exclusive program gives members access to a dedicated 24/7 support team of funding experts, as well as invitations to events designed to help them scale their businesses. According to CEO Brock Blake, the program is a way to deepen engagement with loyal customers by providing a personalized experience with premium products and rates. To qualify, businesses must meet specific thresholds for credit, revenue, and time in business.

Lendio's Q1 2025 SMB Lending Index shows a significant improvement in small business capital access, with lenders rating "Very Positive" access nearly doubling. The overall index score held steady at 73, and half of the surveyed lenders expect credit criteria to loosen further in Q2 2025. The Midwest region showed the most improvement, and while some industries saw better access to capital, others, like retail and construction, saw tightening conditions. The survey also revealed that many small business owners are considering changing banks due to unmet lending needs, poor customer service, or a desire for a better online banking experience. According to Lendio's Chief Growth Officer, Philip Taliaferro, access to credit is a key factor in keeping small business depositors loyal to their banks.

New partnership with Lendio enables Payro Finance to offer expanded coverage for small businesses seeking financing solutions.