Lendio Franchise Opens to Provide Financing to Small Businesses in Miami

Franchise owner, Israel Flores, will expand access to capital through local banks and the nation’s top online lenders

MIAMI, Florida – March 5, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of its Lendio Miami franchise. Franchise owner, Israel Flores, will ease financial hurdles for the area’s small business owners, helping them submit loan applications, find and review loan options and secure funding.

Lendio is an online service that helps business owners find the 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 the last 12 months alone, Lendio has facilitated more than $500 million in loans through its platform.

Lendio’s franchising program combines the benefits of local funding experts with access to the nation’s top online lenders to provide options to business owners who otherwise might not qualify for financing. Lendio franchisees are small business owners themselves and understand the needs of local business owners on a personal level.

“I’ve been working with small business owners for over 25 years, helping them repair credit,” said Flores, President of Lendio Miami. “In helping individuals with credit repair, I’ve also realized just how important capital is to a growing business. I’m excited to help serve the underserved and give them more opportunity to thrive in our beautiful city.”

A transplant from Peru  to Miami in 1995, Flores and his wife, Zarela, began a credit repair business in 2002 and have been working to help local business owners ever since.

“Miami is a haven for small businesses,” continued Flores. “I’m particularly excited to work with those traditionally underserved and with so many family-owned and immigrant-owned businesses in the area. I know that we can make a big difference in their lives and in the local economy.”

Through partnerships with community banks and SBA lenders, Lendio Miami will expand access to capital to small business owners in all of the area’s industries—from equipment loans for manufacturers to lines of credit for retailers and restauranteurs. In addition to being backed by the largest business loan marketplace in the country, the Miami area 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.

“Over the last few years, approval rates among large banks have dropped a few points, while approvals from online lenders have soared,” said Mark Cottle, Executive Vice President of Franchising at Lendio. “The combination of a high-tech marketplace and the personal touch of a local representative like Israel will allow Miami business owners to access loan options they didn’t even realize existed.”

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