Lendio strives to be the most trusted brand in small business empowerment. Lendio franchisees are well-educated about, and deeply connected to, their local economies. They understand the financing needs and hurdles of small business ownership.
SILICON SLOPES, Utah (PRWEB)
January 12, 2018
Lendio recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Lendio Franchising is the only company on the list that has been offering franchises for less than one year, debuting at #201 for outstanding performance in areas including unit growth, financial strength and brand power. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more applications this year than the past 25 years. Additionally, Lendio was recognized as the #1 brand in the Business Financial Services category.
Lendio announced the first-of-its-kind marketplace lending franchise program in March 2017, and since its inception has grown to 26 franchise territories owned by 19 franchisees, with additional locations in the works across the country. Lendio is the nation’s leading marketplace for small business loans, and the franchising program complements the company’s core value of making small business loans simpler and more accessible to the millions of small business owners in the U.S.
“We launched our Lendio franchise last spring by creating partnerships with several local banks,” says Kyle Bohrer, Lendio’s first franchise owner. “They send us the small business owners that don’t fit with loan products they offer, and we send them businesses that do. In less than a year, we’ve helped small businesses here in Erie access nearly 4 million dollars of growth capital.”
“Lendio strives to be the most trusted brand in small business empowerment,” says Ben Davis, Lendio’s Chief Franchising Officer. “Lendio franchisees are well-educated about, and deeply connected to, their local economies. They understand the financing needs and hurdles of small business ownership. The rapid expansion and success of Lendio’s franchise program demonstrates the need for extending…