Lendio, a free online service that helps business owners find the right small business loans, recently announced the opening of a new Lendio franchise in the Gainesville-Ocala Florida region.
Through the Lendio franchise program local franchise owner, Luis Salazar, will help local businesses in the community apply for loans, review their options and secure funding, easing the financial hurdles for small business owners.
Lendio utilizes a network of over 75 lenders. Funding options include SBA loans, startup loans, equipment loans, commercial real estate loans and more. In the last fiscal year alone, Lendio facilitated more than $300 million in funding.
Since 2008, accessing financial capital for small business owners has been difficult. According to Edelman Intelligence, more than 40 percent of small business owners need additional funding for their business each year. Roughly 70 percent of small business owners aren’t aware that alternative lending sources exists.