Lendio Franchising

Thinking of investing in a Lendio Franchising franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 2011, Lendio Franchising specializes in Small-business financing. As a franchise, Lendio Franchising has grown to include over 64 (as of 2020) units since they began franchising in 2016 (5 years). It costs an estimated $30,150 – $117,100 to open a Lendio Franchising franchise.

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

-Disruptive Market
-Proprietary Technology
-Strategic Partnerships
-Low Investment
-Perfectly Positioned
-Massive Demand

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!

Company Founded

2011

Current Leadership

Brock Blake, CEO

Started Franchising

2016 (5 years)

Total Number of Units

64 (as of 2020)

Part-Time / Full-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.
Ad Royalty	2%
Cash Requirement	$65,000
Term of Agreement	5 years
Absentee Ownership	No
Run from Home	Yes
Part Time	No

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.

On-The-Job Training	No
Classroom Training	40 hours
Additional Training	Ongoing
Ongoing Support	Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

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.

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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!

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