Lendio Franchise in Seattle to Expand Access to Capital for Small Business Owners

Local Franchise to Simplify Small Business Loans & Provide Greater Access to Capital

SEATTLE, Washington  – November 12, 2019 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a new Lendio franchise in Seattle. The franchise, owned and operated by Seattle native, Dan Davis, will help local business owners apply for loans, review their options and secure funding, easing the financial hurdles for local small businesses.

Lendio is an online service that helps business owners find the working capital they need to grow their business through the company’s network of over 75 lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans and more. In the last year alone, Lendio facilitated more than $300 million in funding.

Since 2008, accessing capital for small business owners has been difficult. More than 40 percent of small business owners need additional funding for their business each year, yet roughly 7 out of 10 small business owners aren’t aware that alternative lending sources exist. Lendio Franchising alleviates that problem by making business loans easy and allowing business owners to skip the legwork of applying for individual loans.  

“Lendio offers a single application, which makes applying easy and allows me to match their unique situation with the best lenders available,” says Davis, President of Lendio Seattle. “Our marketplace has the best lenders in a wide array of business financing categories. Business owners looking for financing can spend a lot less time doing one application with us, and instantly be connected to not only the top lenders in the nation but the best local options too.” 

Davis spent over 20 years working in packaging and distribution, overseeing the Seattle division. In doing so, he familiarized himself with the region’s local businesses and their need for simple financing solutions like credit lines, equipment financing, and term loans. From local restaurants and retailers to the support businesses that fuel the areas’ major corporations, business owners in Seattle will greatly benefit from having additional access to a wide range of financing options.

“Seattle’s small businesses are diverse in nature, and far-reaching in scale,” says Davis. “Whether a retailer selling to locals, a machine shop supplying Boeing or a coffee shop that caffeinates area tourists, Seattle’s economy depends on small businesses to keep growing.” 

In addition to being backed by the number one lending platform in the country, Davis’s Seattle 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 Dan will allow Seattle 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.