Lendio

Large banks rely on rigid decisioning technology and scoring models to automate SMB lending at scale—but this limits the ability for smaller banks to utilize their community knowledge in decision making. How does Lendio bridge the gap between rigidity and flexibility? 1. Our decisioning engine combines borrower financial data (transaction data and financial statements), third-party KYC/KYB data, and credit bureau information to establish a baseline loan policy. 2. If an applicant falls just outside this policy, underwriters can review and override qualifiers if desired to generate approvals. 3. Once qualifiers are overridden, our digital experience immediately notifies the applicant, displaying approvals for all qualified products—perfect for institutions who wish to provide multiple financial products. Looking for SMB lending technology that truly supports your institution? Book a demo today: https://hubs.li/Q02XChHw0

80% of small business owners prefer service providers that offer bundled digital tools for banking, payments, and operations. With Lendio’s Embedded Lending solution, you can effortlessly integrate our loan application into your site using just one line of code. This provides your customers with a seamless way to access capital for their small businesses. To discover how you can simplify small business funding for your clients, book a demo here: https://hubs.li/Q02XBY0W0 #EmbeddedLending #Lendio #SMBs

Why do many banks struggle with digital loan applications? It’s not just because they’re digital—the real issues go deeper. 1. Lack of personal touch: Many systems don’t offer automated nurturing or support the triggers needed to deploy targeted human follow-up for incomplete applications. 2. Poor user experience: Most platforms aren't optimized for mobile and feel robotic, leading to frustrating experiences and low completion rates. 3. Complex early questions: Asking borrowers for details like NAICS codes or loan types too soon can overwhelm applicants. 4. Data gaps: Banks often fail to leverage existing data—like firmographics or transaction history—leading to redundant questions. 5. One-size-fits-all approach: Many applications cannot dynamically adapt to borrowers of different qualification levels. 6. Lacking multi-product support: Borrowers are forced to choose a product, even when they might not know what’s best for them. 7. Costly customer acquisition: Driving traffic outside of existing client bases typically relies on expensive paid acquisition, where online lenders dominate. Feeling overwhelmed? We've got you covered, schedule a demo today: https://hubs.li/Q02XBW7F0

Today, Lendio’s very own Brock Blake joined LendingTree in New York City to discuss how lower rates, technology, and innovation can accelerate growth in financial services marketplaces. Big thanks to KBW for having us at your Fintech Conference!

For small business owners, access to capital is often the number one source of stress. In an environment where financial stability is paramount, the ability to secure funding can mean the difference between growth and stagnation. At Lendio, we understand these challenges. Our streamlined application process connects your customers to a network of highly vetted lenders, providing the extensive coverage they need to secure the financing essential for their success. By seamlessly embedding our application into your platform, you can bring capital directly to your customers' fingertips, eliminating hassle and reducing stress. This integration not only enhances your service offerings but also positions you as a trusted partner in your customers’ financial journeys. Together, we can empower small businesses to overcome funding barriers and thrive in a competitive landscape. Ready to transform the way your customers access capital? Book your demo today: https://hubs.li/Q02XBWyQ0 #EmbeddedLending #Lendio #SMBs

The day has finally arrived! Lendio is live at the NAGGL Annual Conference, and we’re eager to meet you. Stop by Booth #51 to discover the power of Intelligent Lending. This is your chance to interact with our experts and see first-hand how our solutions can elevate your SMB lending processes. Philip Taliaferro Jay C. #Lendio #IntelligentLending #NAGGL2024

Just released: Lendio’s Q3 2024 Lending Index ?? Lendio is seeing a cautiously optimistic shift in small business lending, according to our latest SMB Lending Index report. Easing credit criteria is helping more small businesses access the capital they need. The index score rose to 64 this quarter, up two points, reflecting gradual improvements and regional differences in access to financing. While many lenders are optimistic about market growth, small business owners face ongoing challenges in securing financing. This index provides a clear view of the landing landscape, to help bridge those gaps across the industry. Find the full report here: https://hubs.li/Q02Wwhsh0 #Lendio #SmallBusiness #SMB #Lending

Speed in lending is more than just a perk - it’s a priority. ?? Lendio recently surveyed 1,000 small business owners to get their insights on the state of lending, and here’s what we found: - 85% of small business owners prioritize loan speed when selecting a lender - 1 hour is the median time it takes within Lendio’s marketplace to receive a funding offer after submitting an application - 3.2 hours - The median time to close funding after a borrower accepts an offer - There is a 16% decrease in conversion when lenders wait over 1 hour to respond to an application. As businesses continue to look for financing that’s fast, reliable, and convenient, lenders who adopt digital processes to meet the demand have a clear advantage. Get more insights on the importance of speed in lending, and how technology is stepping up to reshape SMB lending in our latest whitepaper. Read more here: https://hubs.li/Q02WpfXl0 #Lendio #SMB #SmallBusiness #Funding

Only one week left until the NAGGL Annual Conference. If you're attending, visit Lendio at Booth #51 to learn how our technology is helping banks make small business lending profitable. We're excited to see you there—safe travels! Philip Taliaferro Jay C. #Lendio #IntelligentLending #NAGGL2024

Hello Las Vegas! Our team is here at Money 20/20 and we're looking forward to connecting with you about our Embedded and Intelligent Lending solutions. Find our team members in the app or DM us here to meet up. Philip Taliaferro Joseph LaFalce Mark Cottle Ben Davis Brock Blake Jay C. #Lendio #Money2020 #EmbeddedLending #IntelligentLending