We understand that acquiring a franchise is a major move. Nevertheless, you can not ask for a greater collaborator than Lendio for this amazing new business.
Lendio Franchise is the leading global market for tiny firm lending choices in the United States.
They unite those who need money to start a company with lots of various borrowers and lending possibilities.
About The Lendio
Lendio is a platform for small business loans. Lendio will assist you in identifying financiers who are willing to work with you and disclose details of yourself and your business.
This covers a wide range of financial items. The accessibility of product lines is determined by various variables, including your creditworthiness, your profession, the length of time you’ve been in service, and the sum of funds you generate.
Terms of the loan will also differ between Lendio’s partner lenders.
History Of Lendio
Funding Universe was established in 2006 as Funding Utah, and Lendio CEO Blake has held in that role since 2011.
Lendio joined the Innovative Lending Platform Association, a trading group that advocates digital financing and consulting firms that promote economic growth, in 2017.
Brock Blake and Trent Miskin founded the company in 2011 to change the way entrepreneurs obtain funding.
Entrepreneurs may access a wide range of funding choices and loan packages through Lendio’s platform, with over 75 lenders.
Lendio Franchise Model
| Investment | $63,150 – $117,100 |
| Franchise-Fee | $46,000 |
| Advertising fee | 2% |
| Industry | Financial service |
| Area Requirement | It does not require a physical location |
| Units | 94 |
Lendio Services
To help you meet your company requirements, Lendio provides a free membership service.
As previously said, Lendio connects you with various creditors and loan options to fulfill your market needs.
We seek relevant information from you as a provider of goods, and you supply metadata to be used to find the best match for your market needs among our partners.
Ideal Candidate For Lendio Franchise
- Dedicated and unyielding
- A seasoned networker with a strong reputation in their community.
- Developing and strengthening personal, deeper relationships with entrepreneurs and possible partners is one of her greatest passions.
Lendio Franchise Training & Support
Lendio provides training of 5-day in-person instructional courses, collaboration building, revenue coaching, regular learning and meetings, lending underwriter assistance, supplementary advertising, management, and other essential aspects of the business franchise with their crew at company headquarters in Utah.
Further role-playing and hands-on teaching are critical to their franchisees’ long-term success once they’ve established into their particular region.
To help their franchisees come up to speed quickly, they offer engaging video training software, franchise resource, and a guidebook available online.
Lendio Comparison
| Company | Lendio | Ameriprise Financial Services |
|---|---|---|
| Founded In | 2006 | 1894 |
| Initial Investment | $63,150-$117,100 | $10,432-$114,480 |
| Franchise-Fee | $46,000 | $1,500 |
| Total Outlet | 94 | 4246 |
| Annual Revenue | $43.2 Million | $11.8 Billion |
Frequently Asked Question
What is the period of the franchise agreement?
The Lendio Licensing Agreement is for five years.
Does Lendio offer any loan or discount?
Most of Lendio’s network of trusted lenders does not provide franchise purchase funding. Nevertheless, some creditors may be eligible to provide you with a loan to help you buy a franchise. You will also get a discount on each subsequent franchise region you purchase. Those who’ve already served in the armed forces are eligible for a 10% discount.
What is the distribution of the territories?
Each area is designed to represent a population of around 20K to 25K small company owners. As a result, some areas will be greater than others in terms of geography.
Is Lendio a franchise?
Yes, Lendio is a dynamic, dedicated, and cutting-edge franchise that consistently earns special awards and recognition.
How much does a Lendio franchise cost?
Opening a Lendio franchise requires an initial investment ranging from $63,150 – $117,100, with a franchise fee of $46,000.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.