[This is a guest post from Brock Blake. Brock is the Founder and CEO of Lendio, a marketplace for small...
Small business loan facilitator, Lendio, has secured $20 million in a financing round led by investment from Comcast Ventures and Stereo Capital; Dave Zilberman of Comcast Ventures will be joining the firm's board of directors following the financing round; the firm seeks to partner with small business lenders in order to help them find the best loan provider for their needs; they currently partner with approximately 75 loan providers; in the third quarter they helped facilitate $63 million in loans for small businesses, an increase of 93% from the third quarter of 2015. Source
Small business online multi-lender Lendio has announced the launch of a new lending program for franchises; in addition to business loans, participating lenders will have access to new technology, comprehensive training, branded marketing tools, partnerships and Lendio's franchise support team; Lendio facilitates lending by matching online applicants with lenders; the firm has originated over $240 million in loans. Source
The franchise will be in Seattle’s Central Region; Lendio franchises help businesses understand their financing options and apply for loans; Lendio currently has partnerships with more than 75 lenders across SBA loans, startup loans, equipment loans and commercial real estate; Lendio surpassed $300 million through the platform last year. Source
Today a new report was released on how online lenders are helping small businesses which in turn is creating economic...
[Editor’s Note: This is a guest post from Brock Blake, Founder and CEO of Lendio, a marketplace for small business loans....
Lendio reported record growth in loan originations for the fourth quarter and full year of 2016; firm is one of the leading online multi-lender services for small business loans in the US; in the fourth quarter it facilitated loan originations of $70 million and in 2016 loan originations from the platform were more than $240 million. Source
Brock Blake from Lendio discusses his insights from LendIt USA 2017; Blake was a moderator for the panel, "How Banks are Coming Back to SME Lending"; from his perspective he believes banks are proactively innovating to develop better online lending solutions for their business customers; this was evident in comments from panelists at JPMorgan Chase and Bank of America who provided examples on how the banks are innovating after a slower adoption phase that included a competitive market analysis. Source
Lendio’s Top 10 States for Small Business Square Funded $339M to SMBs in Q1 Neon Raises $22M in Series A...
A new report by economic research firm NDP Analytics sponsored by the Electronic Transactions Association, the Innovative Lending Platform Association...