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Lendio is a financial technology company that operates a loan marketplace for small businesses in the United States. It provides an online platform where business owners fill a single application to access multiple financing options from banks, credit unions, and alternative lenders, including SBA loans, term loans, lines of credit, and equipment financing. Lenders pay Lendio a referral fee when a loan is funded, so the company earns money only when its customers secure financing. The platform simplifies the loan search by quickly connecting borrowers with a wide lender network and presenting tailored options, helping small businesses start, grow, or sustain operations. Lendio differentiates itself through its extensive lender network and a performance-based revenue model that aligns incentives with borrowers. The company's goal is to make it easier for small businesses to obtain affordable funding and support economic growth by streamlining the financing process.
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Series E
Total Funding
$107M
Headquarters
Lehi, Utah
Founded
2011
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Total Funding
$107M
Below
Industry Average
Funded Over
7 Rounds
Industry standards
Grasshopper Bank officially launched its SBA program on Lendio's Intelligent Lending platform in April 2025, and the first SBA deal through the new partnership closed in May.
LEHI, Utah, April 9, 2025 /PRNewswire/ -- Lendio's Q1 2025 SMB Lending Index reveals a surge in lender optimism as access to small business capital improves significantly. The percentage of lenders who rated access to capital as "Poor" dropped significantly from 29% in Q3 2024 to just 9%, while "Very Positive" responses nearly doubled, climbing from 8% to 18%
Warespace partners with Lendio to offer financing solutions to Entrepreneurial tenants.
LEHI, Utah, Sept. 12, 2024 /PRNewswire/ - Bankwell Financial Group, Inc. announced a strategic partnership with Lendio.
LEHI, Utah, Aug. 29, 2024 /PRNewswire/ -- Today Lendio revealed the results of a study ranking the best states for small businesses. Florida came in as the number one state to start a business with Texas and North Carolina coming in second and third.The rankings were based on an analysis of 10 metrics from government and nonprofit sources and Lendio's internal data including startup survival rates, access to business financing, favorable tax environments, and cost of living.Each of the 50 states ranked.Colorado, South Carolina, Ohio, Georgia, Massachusetts, Utah, and Oklahoma also made the top 10 list. While the states that made the top 10 stayed the same from Lendio's 2023 analysis, there were some shifts in the line-up including Florida edging out Texas for the top spot.Hawaii, New Hampshire, and Nebraska ranked as the bottom three states, due to low business funding and venture capital availability, limited local incentive programs, high tax rates, and high cost of living."Small businesses are a critical part of our economy, but they've faced unprecedented challenges in the past five years from a global pandemic to high interest rates," said Brock Blake, CEO and Co-Founder of Lendio. "Despite these challenges, small business owners continue to fight for their dreams and start new businesses in record-breaking numbers. States that create a favorable business environment will benefit from the influx of small businesses opened in the past year."States with the highest ranking by individual metrics include:5-year survival rate: MinnesotaSBA loans approved/ 100K Population: UtahPopulation: Loan offers received through Lendio's marketplace/ 100K population: Wyomingpopulation: Venture capital/ $1 million GDP: MassachusettsGDP: Lowest corporate tax rate: ArkansasMost business incentives: MarylandGreatest population gains: FloridaMost educated workforce mobility/ 100K population: Coloradopopulation: Lowest housing costs: West VirginiaGreatest personal consumption expenditures: CaliforniaSee the full report for a breakdown of each state and the methodology behind the rankings.About LendioLendio is transforming small business lending by connecting small businesses, lenders, and small business service providers through a single integrated technology platform
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Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Series E
Total Funding
$107M
Headquarters
Lehi, Utah
Founded
2011
Find jobs on Simplify and start your career today