Lendio Franchise Announced in Texas to Expand Access to Capital for Local Businesses

Anthony Palumbo is launching the franchise to help small business owners reach the next level through customized financing assistance

FRISCO, Texas – June 3, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a Lendio franchise in Frisco. Through the Lendio franchise program, Anthony (Tony) Palumbo 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. Lendio has facilitated more than $2 billion in loans since its inception.

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 Frisco, Palumbo will guide business owners through the complex process of securing the financing they need to make their dreams a reality.  

“I know from my own experience how challenging it can be to start and grow a small business,” said Tony Palumbo, President of Lendio Frisco. “I’m eager to help those in my home state to get the funds they need to continue as vital contributors to our economy. This is more important now than ever.”

Through strategic partnerships with community banks and SBA lenders, Lendio Frisco will expand access to capital to small business owners in all of the area’s growing industries—from lines of credit for restaurants to startup funding for software companies. In addition to being backed by the largest business loan marketplace in the country, Palumbo’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. “Small businesses in Frisco will be well-served by Tony. He has a great understanding of what they’re going through and what they need, especially during this challenging time.”

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