Lendio Franchise Announced in Northwest Miami and Southwest Florida to Expand Access to Capital for Local Businesses

Franchise owner Kenneth Wolf will aid small businesses through financing for growth paired with critical business consulting

MIAMI – April 23, 2020 – Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a Lendio franchise in Northwest Miami and Southwest Florida. Through the Lendio franchise program, Kenneth Wolf and his team 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 the last year alone, Lendio facilitated more than $500 million in 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 South Florida, Wolf and his team will work to help local business owners access the capital they need to expand or shore up their current finances.

“After immigrating here from Cuba, I had a hard time adjusting. But through work, perseverance and education, I’ve had the chance to work with a lot of small businesses in the area,” said Kenneth Wolf, President of Lendio Northwest Miami and Southwest Florida. “I’m especially excited to work with the immigrant community locally to get these businesses the help and financing they need to make their dreams a reality.”

Through strategic partnerships with community banks and SBA lenders, Lendio Northwest Miami and Southwest Florida will expand access to capital to small business owners in all of the area’s growing industries—from lines of credit for construction companies to startup funding for new restaurants. In addition to being backed by the most extensive business loan marketplace in the country, Wolf’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. “Lendio wants to make accessing financing as easy as possible through Kenneth and his program in Miami. Given his deep understanding of the local business climate and his knack for crunching numbers, he’ll be a huge asset to the area’s small business owners.”

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