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Lendio helps small businesses in the United States secure loans by acting as a marketplace that connects them with various lenders, including banks and credit unions. Business owners can fill out a single online application to access multiple loan options, which saves time and increases their chances of finding a suitable loan. The types of loans available through Lendio include SBA loans, term loans, lines of credit, and equipment financing. Lendio earns revenue through referral fees paid by lenders when a loan is successfully funded, aligning their interests with those of the business owners. By simplifying the loan application process and providing educational resources, Lendio aims to support small businesses in obtaining the funding they need for growth and sustainability.
Company Stage
Series E
Employees
201-500
Industries
Fintech, Financial Services
Total Funding
$78.8M
Headquarters
Lehi, Utah
Founded
2011
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