Lendio

Online marketplace for small business loans

Growth
Lehi, UT
Founded 2011

About

Founded in 2011 by Brock Blake and Trent Miskin in Utah, Lendio operates the largest online lending marketplace in the US targeting small business owners. A single 15-minute application routes borrowers across more than 75 vetted lenders and funding sources, replacing a process that traditionally required 25 hours of paperwork across multiple institutions. Lendio does not lend directly; it earns fees by matching borrowers to the best available offers for term loans, SBA loans, lines of credit, equipment financing, and merchant cash advances. Since facilitating its first loan in 2013, the platform has helped small businesses access over $1 billion in cumulative funding, targeting the underserved SMB segment that traditional banks consistently decline.

Products

  • Small Business Loans — Apply for small business loans online and get funding from a network of 75+ lenders in as little as 24 hours.
    Customer sectors: small businesses, entrepreneurs
  • Accounts Receivable Financing — Finance outstanding invoices to improve cash flow by converting receivables into working capital.
    Customer sectors: small businesses, retail, manufacturing
  • Equipment Financing — Obtain financing to purchase new or used equipment and grow your business operations.
    Customer sectors: construction, manufacturing, small businesses
  • SBA Loans — Access government-backed loans designed to support small business growth and expansion.
    Customer sectors: small businesses, startups, entrepreneurs
  • Line of Credit — Secure a flexible line of credit to cover ongoing business expenses or unexpected costs.
    Customer sectors: small businesses, retail, service providers

Market research & competitive positioning

Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for Lendio — available to members.

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