Lendio Franchising

Lendio Franchising

Small-business financing
Want to open a Lendio Franchising?
Units as of 2020
64 (43 added in 3 years)
67.2%
2021 Franchise 500 Rank
#392 Ranked #272 last year
Initial investment
$30K - $117K

Company Overview

About Lendio Franchising

Related Categories
Business Financial Services
Founded
2011
Parent Company
Lendio Inc.
Leadership
Brock Blake, CEO

Franchising Overview

Franchising Since
2016 (5 years)
# of employees at HQ
400
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
64 (as of 2020)

Franchisor Information

Corporate Address
4100 Chapel Ridge Rd., #500
Lehi, UT 84043

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Lendio Franchising franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$28,000 - $46,000
Initial Investment
$30,150 - $117,100
Cash Requirement
$65,000
Veteran Incentives
10% off franchise fee
Royalty Fee
to $4K/mo.
Ad Royalty Fee
2%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Interested in opening a Lendio Franchising?

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Lendio Franchising has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
40 hours
Additional Training
Ongoing
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
Are exclusive territories available?
No

Interested in opening a Lendio Franchising? We can help you with that!

If you want to know if Lendio Franchising is the right franchise for you, we’re here to help you start the process of opening this business.

Franchise 500 Ranking History

Compare where Lendio Franchising landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Lendio Franchising ranked on other franchise lists? Find out below.

Ranked #392

Franchise 500 Ranking

Ranked #104

Fastest-Growing Franchises

Ranked #5

Top New Franchises

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From the Advertiser

"Lendio: The Revolutionary Franchise for Small Business Lending"

Lendio makes business loans easy. All it takes is 15 minutes to fill out our small business loan application. It’s online, easy to use, and provides access to real offers from a marketplace of lenders. That means no more shopping around at banks or mountains of tedious paperwork.

As a Lendio franchisee, you’ll help business owners find the loans they need to grow their business—combining our high-tech assets with your personal, high-touch expertise. By leveraging Lendio’s business loan marketplace, you’ll help local clients complete a single application to be reviewed by over 75+ premium lenders, which takes the headache out of the entire process.

Join the Lendio Family

What You Need:

  • Desire to build a local business
  • Commitment to helping local small business access capital
  • A strong connection to your local business community—including members of your Chamber of Commerce and the like
  • Experience in business development, sales, and relationship management
  • A portfolio of local business clients
  • $55–$65K in liquid capital

What You Get:

  • Technology: Access to the Lendio marketplace and our industry-leading, proprietary CRM tool
  • Lender Relationships: Partnerships with premium lenders like American Express, PayPal, Chase, Bank of America, and more
  • Marketing and Brand Value: Brand equity, awareness, and essential assets like professional microsites, press releases, search engine optimization, communication templates, and more
  • Training and Continued Support: In-person 5-day training courses, partnership development, sales coaching, loan processor support, weekly training and calls, as well as additional support with marketing, operations, and other key facets of your franchise.

Interested in opening a Lendio Franchising?

If you want to know if Lendio Franchising is the right franchise for you, we’re here to help you start the process of opening this business.

Request more information from

Lendio Franchising

Lendio Franchising

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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