Lendio was founded in 2011 by Brock Blake and Trent Miskin. The platform aims to simplify the loan application process for small business owners by connecting them with multiple lenders through a single application.To use Lendio, business owners need to fill out an online application that asks for basic information about their business, such as revenue, time in business, and credit score. Lendio then matches the business with potential lenders from its network based on the provided information.Lendio’s network includes a wide range of lenders, including traditional banks, online lenders, and alternative financing options. This allows business owners to compare loan offers and choose the one that best fits their needs.The types of loans available through Lendio include term loans, lines of credit, equipment financing, commercial mortgages, and more. The loan amounts can range from a few thousand dollars to several million, depending on the business’s needs and qualifications.Lendio’s platform also provides resources and educational materials to help business owners understand the loan process and improve their chances of getting approved. Additionally, Lendio offers a team of loan specialists who can provide personalized assistance and guidance throughout the application process.Overall, Lendio aims to make the loan application process more accessible and efficient for small business owners, helping them secure the funding they need to grow and succeed.

Social Link