Lendio was featured in CNNMoney this morning, where it was referred to as a, “small biz loan matchmaker.”
The article goes on to describe the headache that an Alabama small business had when trying to secure funding. After being turned down by a bank, the business turned to Lendio and was able to secure funding within a week through On Deck Capital.
The article also shares some stats on Lendio:
- Loans range from $5,000 to $1 million
- 2010 revenue was $8.6
- Since March it has received 3,000 loan requests
- Loan approval rate is 50-70%
To learn more about Lendio, watch its FinovateSpring 2011 demo.