Lendio Announces Pilot Agreement With Comcast Business

Marketplace lending platform for small businesses, Lendio, announced on Tuesday it has signed a pilot agreement with Comcast Business. This new agreement is reportedly designed to provide Lendio’s small business customers with quick and easy access to capital. Lendio explained that the collaboration would also offer Comcast Business customers with access to Lendio’s marketplace and network of over 75 lenders. It was revealed:

According to the Small Business Administration (SBA), there are more than 28 million small businesses in America, accounting for 48 percent of U.S. employees. Many of these businesses face obstacles getting a loan, like researching an overwhelming number of potential lenders, soliciting financing offers, and determining what loan is right for them. The collaboration between Lendio and Comcast Business will seek to resolve these challenges by providing more direct access to capital through an established set of lenders offering a wide range of loan offerings, and personal attention from small business loan experts.”

Denice Hasty, chief marketing officer at Comcast Business, stated:

“Comcast consistently explores new ways to provide greater value to our business customers through technology that helps boost performance. Many of the small businesses we serve are seeking access to capital, and Lendio’s solution provides a curated set of qualified lenders that our customers can quickly access to get the funding they need to grow their business.”

Brock Blake, CEO and founder of Lendio, then added:

“We’re extremely excited to collaborate with Comcast Business. Our teams share a similar passion for providing small business owners with the tools they need to succeed. Introducing Lendio’s marketplace to Comcast Business’s vast customer base can open up a new world of funding options they never knew they had before.”

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