Tagged: lendio

Lendio Contributes More Than 10,000 Kiva Loans to Fuel Women-Owned Businesses Worldwide

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To… Read More

Lendio’s Latest Study Reveals Hispanic Business Owners Are Hungry for Growth Capital

U.S.-based online lending platform Lendio announced on Monday its latest study revealed that Hispanic business owners are hungry for growth capital. The lender reported that the study, which included more than 5,000 of Lendio’s small business customers, reveals a spike in loan inquiries from Hispanic… Read More

Lendio Set to Double Sales Force; Announces Loan Product Offering Expansion

U.S.-based online lending platform Lendio announced this week it has plans to double the sales force at its Lehi, Utah, and Woodbury, New York, offices. The lender reported that it has hired 80 employees in 2019 and intends to add another 40 sales representatives by… Read More

Lendio Franchising Facilitates $50 Million to Small Businesses

Lendio Franchising, Lendio’s marketplace lending franchise program, announced on Tuesday it has facilitated $50 million in loans to over 1,800 small businesses around the U.S. According to Lendio, the  loans through the franchise provide a boost to small businesses in industries ranging from healthcare to… Read More

Lendio Milestone: Online Lender Surpasses $1.5 Billion in Small Business Loans Facilitated (Infographic)

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated more than $1.5 billion in financing to small businesses across the U.S. This news comes just a few weeks after Lendio acquired of cloud-based small business account platform, Billy, and the launch of Lendio’s… Read More

Lendio’s Latest SMB Economic Insight Report Reveals Owners Remain “Bullish” When It Comes to Growth

U.S.-based online lending platform Lendio announced last week the release of its SMB Economic Insights report for 2019’s second quarter. The latest report revealed that small business loan inquiries increased by 57% over the previous three-quarter average, indicating small business owners continued appetite for growth… Read More

Lendio Announces Acquisition of Cloud-Based Small Business Accounting Platform Billy; Announces Bookkeeping Software For Small Businesses

U.S.-based online lending platform Lendio announced on Wednesday the acquisition of Billy and the launch of its bookkeeping software for small businesses, Sunrise, which is a freemium bookkeeping software to meld accounting, cash flow management, loan, and credit information into a single platform. According to Lendio, Sunrise… Read More

Lendio Appoints Denada Ramnishta As New Senior Vice President of Lender & Partner Strategy

U.S.-based online lending platform Lendio announced on Wednesday it has appointed Denada Ramnishta as its new Senior Vice President of Lender and Partner Strategy. Prior to being promoted to this position, Ramnishta was formerly Head of Business Development and Partnerships. In her new role, she… Read More

Lendio Provides More Than 5,000 Kiva Loans to Support Women-Owned Businesses (Infographic)

U.S.-based online lending platform Lendio announced on Wednesday it has donated more than $130,000 to underserved business owners nearly 80 countries through Kiva microloans. According to Lendio, the donations were given through continued efforts to support business growth around the world, the Lendio Gives program has funded more than 5,000… Read More

Lendio Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups

U.S.-based online lending platform Lendio announced on Wednesday it was named to the 2018 CB Insights Fintech 250 List of Fast-Growing Fintech Startups. This news comes after the online lender reported it has facilitated more than $1 billion in financing to more than 51,000 small businesses… Read More

Lendio Milestone: Tops $1 Billion in Business Loans Facilitated Through Online Marketplace

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Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011. The lending platform reported that its small business clients have burgeoned, generating an estimated $3.8 billion in… Read More

Lendio’s 2018 Q2 Results Revealed 90% Year-Over-Year Revenue Growth

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

Lendio Reports: Online Lender Facilitates More Than 5,000 Loans For California Small Businesses

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

Lendio Releases Annual Top 10 Best States for Small Business Lending List

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

Lendio’s Lender Turndown Program Has Provided $60M to SMEs

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

Lendio Announces New Franchise in Rochester, New York

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

Lendio Announces New Franchise in Detroit

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

Lendio Opens New Franchise in Nashville

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

Lendio Provides More Than $25,000 in Loans to Over 1,200 Small Business Owners Through Lendio Gives on Kiva

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

Lendio Joins Innovative Lending Platform Association

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

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