Tagged: lendio

Once Economy Shifts from Respond to Recover, Fintechs May Benefit: Report

Many Fintechs are actively engaged in supporter consumers and businesses in the battle to survive in an economy battered by the COVID-19 pandemic. Simultaneously, some funding has dried up putting some startups at risk. This may include Fintechs. Yet one report expects that Fintechs may… Read More

As PPP Money Runs Out, Lendio CEO Launches Petition to Add Money. Over 35,000 Have Now Signed the Request While Congress Remains Frozen on Any Additional Funding

As has been widely reported, the Paycheck Protection Program – part of the CARES Act that provided SMEs with 2 months of payroll loans that may be forgiven – has run out of money. The widely lauded plan has struggled to distribute the funds as… Read More

Lendio Facilitates More $5.5 Billion in Relief Funds to Over 50,000 Small Businesses Through the Paycheck Protection Program

Online lending platform Lendio announced on Friday it facilitated more than 50,000 small businesses across the U.S. through the Paycheck Protection Program (PPP). Lendio reported that PPP applications approved through its online marketplace and bank partnerships total more than $5.5 billion. As previously reported, the… Read More

Lendio Announces New Partnership With Acronis to Help Fund Cyber Protection Service Providers During COVID-19 Pandemic

Online lending platform Lendio announced on Tuesday it has formed a new partnership with cyber protection services platform Acronis to business capital to cyber protection service providers. According to Lendio, Acronis delivers backup, anti-ransomware, disaster recovery, storage and enterprise file sync, and share solutions to… Read More

Lendio CEO Calls CARES Act Process to Provide Support for SMEs a “Mess”

Last week in advance of the opening up of federal subsidized programs to backstop small businesses in the US crushed by the COVID-19 pandemic, Lendio CEO Brock Blake took to Twitter to criticize the lack of coordination between the US Department of Treasury and the… Read More

Lendio Announces Paycheck Protection Program Loan Application For Small Businesses During COVID-19 Pandemic

Online lending platform Lendio recently announced it has launched an application for small businesses to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP). Lendio reported that the Paycheck Protection Program is part of the $2 trillion CARES Act… Read More

Lendio Plans to Hire Up to 200 Full-Time Small Business Loan Agents to Meet Demands for Emergency Capital During COVID-19 Pandemic

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… Read More

Lendio Joins Lending Companies Around the U.S. to Request U.S. Senate & House of Representative Leaders to Approve $500 Billion Discretionary Funding For Small Businesses Suffering From Coronavirus Pandemic

Online lending platform Lendio announced on Tuesday it has 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… Read More

Lendio Milestone: Facilitates $2 Billion in Small Business Loans

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated over $2 billion in loans to small businesses across the U.S. The online lender also reported that it has originated more than 100,000 loans as well. Founded in 2011, Lendio claims to be a… Read More

Lendio Secures $55 Million Through Series E Funding Round Led By Mercato Partners

U.S.-based online lending platform Lendio recently announced it secured $55 million through its Series E funding round, which reportedly included $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. The equity round was oversubscribed by existing… Read More

Lendio Set to Host Inaugural Women in Business Empowerment Workshop in NYC

U.S.-based online lending platform Lendio announced on Thursday it is set to host its inaugural Women in Business Empowerment Workshop. According to Lendio, the workshop designed to address the challenges faced by female entrepreneurs and will provide insight into what it takes to set up a… Read More

Lendio’s Second Regional Report Reveals Spike in Business Loan Demand in South Atlantic Region States

U.S.-based online lending platform Lendio announced on Monday its second regional report revealed a spike in business loan demands in the South Atlantic states. The report notably revealed that in the third quarter the region saw the highest percentage of growth in small business loan… Read More

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

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