Small business owners searching for office supplies at Staples.com can now apply for a loan while filling their virtual shopping carts.
Yesterday Staples announced a partnership with Lendio, a startup that specializes in matching small business borrowers with lenders, to power the new loan offering.
Borrowers in search of funding will begin the process on Staples’ website:
Next, they are taken to a Staples-branded section of Lendio’s site to finish the application:
From there, borrowers choose from:
- Line of credit
- Small Business Association loan
- Term loan
- Cash advance
- Equipment loan
- Commercial real estate loan
Lendio offers loans from $2,500 to $1 million and handles the entire transaction.
Lendio is based in Salt Lake City, UT. It debuted at FinovateSpring 2011 in San Francisco.