A platform called Lendio connects small businesses with lenders. It is a marketplace for business loans that gives companies access to a range of lending choices from over 75 lenders. Lendio does not charge any fees to business owners for using its service, and the site is free to use. The terms and interest rates of these loans vary, and Lendio’s lending partners may impose fees.
In response to the COVID-19 outbreak, the Paycheck Protection Program (PPP) was established to offer financial support to small businesses. One of the websites that assisted small firms in applying for PPP loans was Lendio. The program, however, came to a stop on May 31, 2021. To help qualifying small businesses with payroll and other relevant costs, the program offered forgiven loans. Who Is the Owner of Lendio?
Brock Blake established Lendio in 2011. The business’s main office is in Lehi, Utah. Lendio has assisted small businesses in obtaining over $10 billion in loans since it was founded. Funding for the business has come from a number of sources, including Comcast Ventures, Napier Park Financial Partners, and Mercato Partners.
In light of this, How Do I Delete My Lendio Account? You can get in touch with Lendio customer care if you want to delete your account. You can get help from the customer service staff with the account deletion procedure.
People also inquire about how to contact Lendio. If you need to get in touch with Lendio, you can go to their website and use the “Contact Us” page’s contact form. Additionally, you can contact them by phone at (855) 853-6346 or via email at [email protected].
Lendio, a platform that links small businesses with loans, does not charge a fee for using its service. The terms and interest rates of these loans vary, and the lenders who partner with Lendio may impose fees. The PPP program has come to an end, and Lendio can assist you in deactivating your account if needed. You can use Lendio’s contact form, phone number, or email address to get in touch with them if you need to.
Lendio does not employ a specific bank for PPP (Paycheck Protection Program) loans because it is not a bank. Instead, to assist small business owners in finding and obtaining PPP loans, Lendio collaborates with numerous SBA-approved lenders.
You will get an email notification after submitting your Lendio PPP loan application letting you know if your application was accepted or not. When your loan has been authorized, Lendio will let you know who approved it and what steps you need to follow next to get your money. For updates on your loan application, it’s crucial to often check the email address connected to your Lendio account.