About Lendio Franchising
Lendio makes business loans easy by helping small business owners skip the leg work of looking for a small business loan. Instead of filling out dozens of applications, one application is all they need.
As a Lendio Franchisee you will be able to help small business owners find the loan they need to grow their business by leveraging Lendio’s business loan marketplace. By helping your clients complete a single application, they will be reviewed by over 75 lenders, taking the headache of loan applications out of the equation!
The hype surrounding Lendio is more than just talk. We’re an industrious, dedicated, and cutting-edge franchise that consistently earns special awards and recognition. We’re driven to grow and to help small business owners around the country. As a Lendio franchisee, you’ll help small business owners find the lending option they need by leveraging Lendio’s business loan marketplace.
What Makes the Lendio Franchise Different
Join the Lendio Family
What You Need
-Desire to build a business
-Commitment to the Lendio Mission
-Strong connection to your local community
-Exceptional Networking skills in your local Small Business Community
-$55-$65K in Liquid Capital
What You Get
-Technology – Lendio Marketplace and proprietary CRM tool
-National Advertising – television, radio & more
-Partnerships – UPS, Staples, GoDaddy, & more
-Franchise Support Team – Training, marketing support, and more!
Brock Blake, CEO
2016 (5 years)
Total Number of Units
64 (as of 2020)
Part-Time / Full-Time
How Much Does It Cost To Open A Lendio Franchising Franchise?
There are several costs associated with opening a Lendio Franchising franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Lendio Franchising franchise. The weekly fee for opening a Lendio Franchising franchise is not specified.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Lendio Franchising Is Renewable) and does the franchise offer financing support (Lendio Franchising Lendio Franchising has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Lendio Franchising Company Details
Here are some additional details about Lendio Franchising.
|Parent Company||Lendio Inc.|
|Initial Investment||$28,000 - $46,000|
|Veteran Incentives||10% off franchise fee|
|Royalty Fee||to $4K/mo.|
|Term of Agreement||5 years|
|Run from Home||Yes|
Training and Support Offered By Lendio Franchising
Lendio Franchising offers several support options to its franchisees. With 64 (as of 2020) units, Lendio Franchising aims to provide support to each franchise owner to help them operate a successful franchise location. Lendio Franchising offers No on the job training, 40 hours classroom training, and Ongoing additional training.
Training and Support Offered
Here are the support options offered by Lendio Franchising.
|Classroom Training||40 hours|
Is Lendio Franchising Right For You?
Lendio Franchising has gone digital! Here are all of the ways you can find Lendio Franchising online. Oftentimes, you can reach out to current franchisees of Lendio Franchising online. Current franchisees may be able to offer personalized insights into what it is like owning a Lendio Franchising franchise and offer tips to running a successful Lendio Franchising franchise location.
Why Should You Start a Lendio Franchising Franchise?
Investing in a Accounting & Financial franchise such as Lendio Franchising can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Lendio Franchising franchise and we'll be in touch soon!