Lendio, an online marketplace platform for small business loans, announced on Tuesday that it continues to show signs of growth by funding over 500 small businesses in one month. In addition, business owners from all 50 states have now been funded through Lendio’s online loan marketplace.
“We’re thrilled by the positive response we are seeing from business owners across the U.S. It is very motivating to know that over 500 businesses will be closer to achieving their dream by getting funded through Lendio’s platform.”
Since Q1 2015, Montana only state in the U.S. without a business owner that had received financing through Lendio’s platform. In early September, Lendio assisted a home exterior business in Billings, Montana to secure a $23,000 loan. The states with the largest amount of funded business owners through Lendio are (ranked from highest volume to lowest volume) California, Florida, Texas, Georgia, and New York.
“The day-to-day demands of a small business owner are very complex; they don’t have the time to go lender to lender in search for the perfect loan. Our goal at Lendio is to simplify that process and give them the best options to get the business loan they are looking for. Helping over 500 businesses in one month is a huge milestone, but I believe we’re just getting started. There are millions of business owners in the U.S. that are looking for financing; our goal is to do everything we can to help each one of them.”