A well-known internet lending marketplace called Lendio links small company owners with a variety of lenders. The business provides a quick and effective alternative for business owners to get the money they require to expand their enterprises. Here’s what you need to know if you’re a small business owner trying to get in touch with Lendio.
There are numerous methods to contact Lendio. The quickest and most practical way is to go to their website, lendio.com. On the website, you may submit an online application and get in touch with the business via phone or email.
Simply click the “Get Started” button on the homepage to begin an online application. You will be required to submit some basic information about your company, including its industry, annual sales, and credit rating. After you submit your application, Lendio will pair you with a lender who can satisfy your requirements.
You may discover Lendio’s contact details on their website if you’d rather get in touch with them by phone or email. Any inquiries you may have regarding the lending procedure can be addressed by the company’s customer support staff. Making Your PPP Application Submission
Lendio can assist you with the PPP (Paycheck Protection Program) application process as well. A federal lending program called the PPP is intended to assist small companies impacted by the COVID-19 outbreak. To provide PPP loans to qualified enterprises, Lendio has teamed up with a number of lenders.
Visit Lendio’s website and select “PPP Loan” from the menu to submit your PPP application. Your EIN (Employer Identification Number) and payroll information, among other business-related details, will be requested. After that, Lendio will pair you up with a lender who can give you a PPP loan. Acquiring Aware Of Commercial Credit Scores Lenders often check your credit score when you ask for a loan to verify your creditworthiness. Lenders will, however, take a look at your commercial credit score if you are a firm. A commercial credit score is a ranking that evaluates the creditworthiness of your company based on its past financial performance.
The range of commercial credit scores is 0 to 100, with higher scores suggesting a lower default risk. Your payment history, credit utilization, and length of credit history are all elements that can have an impact on your commercial credit score. Making a Business Credit Score Calculation
Payment history, credit utilization, and length of credit history are just a few of the variables used to determine your company credit score. The quantity of credit queries you make as well as the types of credit you have might also have an impact on your score.
Pay your bills on time, keep your credit utilization low, and keep your credit accounts open for as long as you can in order to raise your commercial credit score. Regularly check your credit report to make sure there are no mistakes or fraudulent activity.
Is Lendio an establishment of finance? Financial institutions are not what Lendio is. Instead, it’s a marketplace for lending online that links small business owners with a variety of lenders. Lendio serves as a liaison between lenders and borrowers rather than making loans itself. A Few Thoughts to Consider Lendio is a great option to take into consideration if you’re a small business owner looking for capital. The business provides a quick and easy way to get in touch with a variety of lenders, and their customer care staff is on hand to help you at any time during the loan application process. Lendio can assist you in finding the best lender to fit your needs, whether you’re looking for a PPP loan, a business loan, or a line of credit.
Lendio will employ more than 600 people as of 2021.