Lendio, a Peer-to-Peer Lending Marketplace
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Concept Development and Mission
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Capabilities and Impact
- Funding Solutions by Lendio
- Founding Principles and Recognition
Lendio is a peer-to-peer lending marketplace founded in 2011 by Brock Black and Trent Miskin. It provides capital solutions for small and medium-sized businesses. Brock, an Inc. 500 CEO, developed the Lendio concept after recognizing the struggles faced by small businesses trying to get loans following the global financial crisis in 2008.
Lendio is an online platform that connects small business owners with a vast network of lenders, offering various loan products such as SBA loans, term loans, lines of credit, equipment financing, and more. The company has facilitated over $2 billion in loans to startups and small companies, establishing itself as the largest small-business loan marketplace in the US. Additionally, Lendio has helped small businesses secure over $10 billion in funding from lenders worldwide.
As a Lendio franchisee, individuals have the opportunity to contribute to fueling the American dream by participating in the funding of small businesses. The positive and rewarding workplace culture at Lendio is reflected in the multiple awards the founders, Trent Miskin and Brock Blake, have received.
In terms of legitimacy, Lendio’s credibility stems from its founding principles aimed at providing fast and simple access to capital for small businesses. With a track record of facilitating significant funding and partnerships with various lenders, including traditional banks, Lendio has solidified its position in the loan marketplace industry.