Lendio aims to help entrepreneurs

It is difficult for anyone to get a loan these days. The United States of America is still reeling from the aftermath of biggest economic meltdown since the Great Depression in the 1930s. And even with the surging numbers of small businesses all over the country, banks and lending firms are still wary on releasing loans to anyone who simply qualify. At this stage, lenders want to be assured that they will profit on each dime they approve as loans. And though there are many efforts to make lending a bit easier, one cannot simply say for a fact that things are going easy. This is where Lendio comes in.

Lendio, formerly known as Funding Universe, aims to help people and established companies find the funding source they need by getting the right lender to team up with. Basically, the company, through the site Lendio.com, seeks out the compatible bank or lending establishment with their client. Each client is rated based on their credit score, financial strength, capacity for income generation, total market value of existing assets, and their credit worthiness among other things. And from such criteria, the people from Lendio.com drafts a list of banking institutions and financing firms that present the highest probability of approving a loan request from the particular borrower.

Basically, what the company does is lending matchmaking. Lendio does the heavy work for their clients and look for financing firms willing to shell out loans. Apart from loans, professionals from Lendio.com also provides expert consultation services on planning a loan structure that suits a client’s financial capacity, income, and projected profitability among other things. With Lendio, its more than just getting a loan from the right funding source.

As far as stability and reliability is concerned, the organization boasts of a very strong core. Starting out with over $5 million in startup funds as reported by TechCrunch.com, Lendio parades a host of reputable individuals and companies as investors, including Josh James of Omniture, Inc. Highway 12 Ventures and GSA Venture Partners. Zinch co-founder Brad Hagen and Nelson James, co-founder of SEO.com were tapped to be part of the organization’s key executive personnel.

The lending scene in the United States has underwent serious ramifications. Securing a loan, whether big or small, has become a tad harder if you do not know your way around the whole shebang. But with Lendio.com, getting your loan request approved did not just become easy, but has become more viable for lost and lots of people.

Related articles

• Meet the small biz loan matchmakers (management.fortune.cnn.com)
• INFOGRAPHIC: The Number One Reason People Take Out Personal Loans (businessinsider.com)
• Hard Credit Pull vs Soft Credit Pull (lendio.com)
• Understanding Fast Business Loans of the SBA (dohertyassoc.com)
• SBA Loan Limits: Good for Small Businesses? (plusstuff.com)
• When Should a Small Business Hire a Chief Financial Officer? (nytimes.com)

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