Small business platform Lendio has joined the Innovative Lending Platform Association, an organization representing online small business lenders.
“At Lendio, we are committed to providing small business owners with a marketplace of loan options that are both transparent and easy-to-comprehend,” Lendio founder and CEO Brock Blake said.
“Our membership in the ILPA allows us to work together with other key players in the space to educate policy, advance best practices, and promote responsible lending. As we continue to fuel the American dream for small business owners across the nation, we’re excited to play a key role in promoting standards that make it easier for a borrower to make an educated and informed decision,”
“The ILPA is delighted to welcome Lendio as the newest member of our organization,” ILPA CEO Scott Stewart said. “We are excited to work with Lendio and our membership on crucial initiatives including enhanced disclosure and cost transparency for small business borrowers via the SMART Box tool.”