Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions of banks, credit unions, and fintech lenders in the distribution of $350 billion in small business loans, the online lender is anticipating loan demand to increase more than 300%.
“Lendio’s small business loan agent position is suited for those interested in temporary to hire opportunities, contingent upon performance and company growth. These new hires will be working remotely during COVID-19 closures and will transition to Lendio’s Lehi, Utah headquarters when deemed safe to return to the workplace.”
Speaking about the expansion of agents, Brock Blake, CEO and Co-Founder of Lendio stated that while he and his team are devastated to see small businesses struggling during the pandemic, they are hopeful for the CARES Act to help the businesses to receive the funding they need.
“We’re anxious to hire these loan agents who can help small business owners get quick access to this capital. They will be on the front lines of helping the American economy get back on its feet.”
Lendio previously announced that it joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary funding for the country’s small businesses that are suffering during the coronavirus pandemic.