Lendio Franchise Announced in Westchester County to Expand Access to Capital for Local Businesses

Franchise owner Charles Noonan will help small business get the capital they need, when they need it

WESTCHESTER COUNTY, N.Y. – April 23, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a Lendio franchise in Westchester County. Through the Lendio franchise program, Charles Noonan will help local businesses apply for loans, review their options and secure funding, easing the financial hurdles for entrepreneurs.

Lendio is an online service that helps business owners find the working capital they need through its network of over 75 lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans and more. In total, Lendio has facilitated over $2 billion in small business loans.

The Lendio Franchising program matches small business owners with the nation’s top online lenders in a way that has never been done before, through funding experts in their local communities. Franchisees are small business owners themselves, and as such, understand the needs of local business owners and can guide them through the lending process. In Westchester County, Noonan will create opportunities for small businesses through funding options that were previously unreachable.

“Westchester County is all about community,” said Noonan, President of Lendio Westchester. “Small businesses provide valuable services to our region but they’re often overlooked by traditional lending institutions. I’m eager to get them the funds they need to fuel the American Dream.”

Through strategic partnerships with community banks and SBA lenders, Lendio Westchester County will expand access to capital to small business owners in all of the area’s growing industries—from lines of credit for quick access to capital to startup funding. In addition to being backed by the largest business loan marketplace in the country, Noonan’s franchise will benefit from Lendio’s strong, built-in supports, marketing campaigns and extensive hands-on training with a wide array of financing options and loan products.

“Roughly eighty percent of small business loan applications are being rejected by traditional banks that aren’t set up to serve small businesses,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “Charles has both deep roots in the community and firsthand experience with running a small business. He’ll be an invaluable asset to local business owners seeking the resources they need to start, operate and grow.”

For more information on how to join the Lendio franchise program, visit: https://www.lendio.com/franchise.