This October, Lendio will make it simple to qualify and fund businesses with multiple owners (20%+ ownership), a scenario that applies to nearly 40% of small businesses.
With this release, Lendio will:
- Capture all owner details - percentage ownership, contact info, and required documentation - for any number of owners
- Automate owner outreach to request credit authorization and outstanding documents
- Run risk assessments and DSCR calculations using the full set of owner financials
- Package and qualify applications automatically for faster decisions and funding
This means less manual work for your team, smoother experiences for borrowers, and more deals funded, all in less time.
