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Lendio
Overview
Lendio is a financial services company based in the United States, specializing in small business lending. Founded in 2011, the company aims to facilitate access to financing for small businesses, which often encounter challenges in the traditional lending market. Lendio's recent publication, the "2024 State of Small Business Lending," highlights insights gathered from a survey of over 1,000 small business owners regarding their experiences with financing and the lending environment. The report emphasizes that access to financing is critical for small business growth, yet many owners feel underserved by current lending options. Key findings indicate that a significant portion of small business owners prioritize speed in loan approval and express a lack of awareness regarding the loan options available through their banks. Lendio's research suggests a need for an integrated lending ecosystem that encompasses various types of lenders, including banks and alternative providers, to better support small business owners in their financing needs. The company employs between 501 and 1,000 individuals and reported revenue of approximately $349 million.