Ventures and GSA Venture Partners This financing will accelerate the public launch of Lendio’s new online service that matches qualified small business owners to banks, credit unions, and other lending sources. Using Lendio’s powerful online platform, small business owners are asked a series of questions to determine which loan category best suits their individual needs. Based on credit score, industry, revenue, timing, size of requested loan, and other parameters; Lendio instantly matches the small business owner with a selection of lenders that offer loans that best fit the small business owner’s profile.
Lendio is the result of years of experience assisting entrepreneurs to find and secure both debt and equity capital through FundingUniverse.com. While historically FundingUniverse.com offered one-on-one consulting (focused initially on equity capital and later on debt financing), Lendio leverages $ 240M of known small business loan approvals, previously established relationships with lenders, and thousands of customers to launch an online product that efficiently matches qualified small business owners to a customized selection of lending institutions.
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