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Apr 25, 2020 · Lendio’s expertise in connecting small businesses with a variety of lenders enables us to speed up the processing of PPP applications for thousands of small businesses, especially those with no existing SBA-approved banking relationships. In the weeks since the PPP began, we’ve connected over 70,000 small businesses to more than 250 lenders.
Apr 22, 2021 · UPDATE: The PPP loan application period ended May 31, 2021. Apply for the Employee Retention Credit today through Lendio.. Over the past year, the SBA has rolled out a series of updates and adjustments to better serve the self-employed who need/want a Paycheck Protection Program (PPP) loan.
Applying is free and won’t impact your credit. Apply Now. Talk to a rep at (855) 853-6346. Mon–Fri | 7:30am–5pm MST.
Jun 12, 2020 · “Lendio has a unique ability to be agile in responding to both lender and borrower needs, and we are well-positioned to take an active role in this portion of the PPP.” Lendio has supported over 300 financial institutions to accept and process over 100,000 PPP loans totaling more than $8 billion in approvals.
Jan 4, 2024 · Customer Reviews. Reviews of Lendio are largely positive. The company has a rating of 4.7 out of 5 stars with Trustpilot, based on over 17,500 reviews. The Better Business Bureau (BBB) has given ...
Jul 1, 2020 · The average PPP loan size on the Lendio platform is $73,000 compared to the national average of around $107,000. “From the early stages of the PPP, Lendio voiced strong public concern over the number of small businesses that would be unfairly left out of the program,” said Brock Blake, CEO and co-founder of Lendio.
Jul 1, 2020 · Additionally, PPP loans facilitated through Lendio were for some of the smallest businesses in the nation. The average PPP loan size on the Lendio platform is $73,000 compared to the national average of around $107,000. The following data reflects PPP loan approvals facilitated through Lendio’s platform from April 3, 2020, through June 30, 2020.
