Archives

July 26, 2018 @ 9:55 am By Samantha Hurst  |  

Online small business lender Lendio announced this week the release of its 2018 quarter 2 results, which recorded growth across all areas of its business, including 90 percent year-over-year quarterly revenue growth. The lending platform reported it has helped facilitate more than $900 million in financing to… Read More

July 6, 2018 @ 8:24 am By Samantha Hurst  |  

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California. The lending platform has reportedly funded more loans in California than in any other state… Read More

April 9, 2018 @ 12:51 pm By Erin Hobey  |  

Online lender Lendio has reportedly facilitated nearly $60 million in loans through its lender turndown program. Lendio’s lender turndown program allows lending partners to offer a marketplace of loan options to customers that do not fit the lender’s credit box; this allows lenders to turn a… Read More

December 22, 2017 @ 10:52 am By Samantha Hurst  |  

Lendio, an online lending marketplace for small business loans, announced on Thursday the opening of a new Lendio franchise in the Rochester area. Through the Lendio franchise program, R.J. Muto will help local businesses in the community apply for loans, review their options and secure funding, and… Read More

December 15, 2017 @ 8:37 am By Samantha Hurst  |  

Lendio, an online lending marketplace for small business loans, announced on Thursday the opening of its new franchise in the Detroit Metro area. Through the franchise program, Darnell Parker, President of Lendio Regional Lending Services, will help local businesses in the community apply for loans, review their… Read More

December 6, 2017 @ 9:23 am By Samantha Hurst  |  

Marketplace lending platform Lendio, recently announced its has opened its new franchise located in Nashville, Tennessee. Lendio revealed that its franchise program makes accessing business loans easy by helping small business owners skip the legwork of looking for a small business loan. The online lender noted that… Read More

November 1, 2017 @ 9:11 am By Samantha Hurst  |  

On Wednesday, p2p lending platform Lendio announced it has provided loans to more than 1,000 small business owners around the globe through its Lendio Gives program on Kiva. The online lender stated it gave over $25,000 in loans to over 1,200 small business owners in 75 countries…. Read More

October 19, 2017 @ 12:06 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Thursday it has joined the Innovative Lending Platform Association (ILPA). The lender revealed that through its ILPA membership, it will work other members of the association to advance online small business lending education, advocacy, and best practices. ILPA describes itself… Read More

September 14, 2017 @ 10:00 am By Samantha Hurst  |  

Lendio announced on Thursday it has formed a partnership with Ocrolus, the emerging company in bank statement review automation. According to Lendio, the PerfectAudit API, powered by Ocrolus, analyzes uploaded bank statements with 99+% accuracy, replacing manual review with automation. Ocrolus’ technology notably allows lenders, for… Read More

July 27, 2017 @ 8:00 am By Samantha Hurst  |  

Lendio announced on Thursday it surpassed $500 million in business loans to over 21,000 small businesses across the U.S. through its marketplace lending platform.The growth milestone comes after a 141 percent increase in loans originated through the lender in the last fiscal year. The marketplace… Read More

June 13, 2017 @ 12:05 pm By Samantha Hurst  |  

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… Read More

May 1, 2017 @ 1:40 pm By Samantha Hurst  |  

Marketplace lending platform Lendio announced on Monday its annual list of Top 10 Best States For Small Business Lending. The list is based on the lending data from the lender’s platform, which matches small businesses with over 75 lenders. Speaking about the list, Brock Blake,… Read More

March 1, 2017 @ 10:13 am By Samantha Hurst  |  

Marketplace for small business loans, Lendio, on Tuesday it is expanding the reach and availability of its small business lending options with the launch of its new franchise program. The lender claims that this is an industry “first of its kind” program. Lendio stated that… Read More

February 14, 2017 @ 9:05 am By Samantha Hurst  |  

Marketplace for small business loans, Lendio, announced on Tuesday the results of its latest survey, which showed that small business owners’ perception of Trump’s presidency three weeks in is split. According to the survey, 56% of small business owners stated they believe the economy will… Read More

February 8, 2017 @ 5:01 pm By Samantha Hurst  |  

Marketplace lender Lendio announced on Tuesday its 2016 fourth quarter and fiscal year reports, which revealed it helped facilitate more than $70 million in financing through its marketplace of more than 75 small business lenders during fourth quarter 2016, with more than 3,300 small businesses funded during… Read More

January 27, 2017 @ 8:51 am By Samantha Hurst  |  

Marketplace lender Lendio announced on Thursday the winner of its National Scholarship to Small Business Families. As previously reported, the scholarship national is dedicated to supporting small business owners and their families.  Lendio reported that Julian Miyata, a U.S. Coast Guard member currently attending the University of… Read More

December 8, 2016 @ 2:54 pm By Samantha Hurst  |  

Marketplace for small businesses Lendio announced on Thursday  the results of its latest survey showing that small business retailers also have a positive outlook about this holiday season. According to Lendio, the survey observed retailers with under 100 employees and 87% of the small businesses… Read More

October 25, 2016 @ 1:35 pm By JD Alois  |  

Loan matching platform Lendio has raised $20 million led by Comcast Ventures and Stereo Capital.  The investment will be utilized to expand lending options for SMEs and to boost marketing.  The announcement was delivered at the Money20/20 conference taking place in Las Vegas this week…. Read More

September 21, 2016 @ 9:49 am By Samantha Hurst  |  

Small business lending platform Lendio announced on Wednesday it formed a partnership with Supplier Success, LLC to provide minority and women business owners access to transparent lending rates and respectful business practices. The Detroit-based company is notably focused on providing working capital solutions and helping to improve minority and… Read More

August 4, 2016 @ 3:58 pm By Samantha Hurst  |  

On Thursday, small business lending platform Lendio announced it has officially raised $250 million in funding for over 10,000 small businesses. The company also unveiled second quarter results, which reportedly showed the website facilitated over $55 million in funding to small businesses during the time period, which… Read More