Lendio, the nation’s leading marketplace for small business loans, today announced the opening of a new Lendio franchise in the Clemson, South Carolina Region. Through the Lendio franchise program, Andy Ronemus 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 is an online service helping business owners find the working capital they need to grow their business through the company’s network of 75-plus 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 per cent of small business owners need additional funding for their business each year. Roughly 70 per cent of small business owners aren’t aware alternative lending sources exist.
The Lendio franchise program makes business loans easy by helping small business owners skip the legwork of looking for a small business loan. Franchisees understand the needs of local business owners and can guide them through the lending process. By bridging that gap between the online lending marketplace and the small business owners, Mr. Ronemus will help open a world of funding opportunities for business owners in the Clemson region’s diversified local economy.
A Clemson University graduate, Mr. Ronemus says he’s determined to make sure his friends, neighbors and colleagues in the region have the financing they need to thrive.
“I love this area and want to see continued economic growth here. Clemson has always been an exceptional place to live, and now it’s an exceptional place to work, too. This might be the only thing that’s more exciting than a Saturday night Clemson football game.”
Lendio Clemson will provide greater access to capital to all of the area’s growing industries—from equipment loans for agricultural and manufacturing companies to funding for tech startups. In addition to being backed by the number one lending platform in the country, Mr. Ronemus’ franchise will benefit from Lendio’s strong, built-in supports, marketing campaigns and extensive hands-on training with a wide array of financing options and loan products.
“Eighty per cent of small business loan applications are being rejected by traditional banks,” said Ben Davis, chief franchising officer at Lendio. “Lendio’s core value is to give small businesses better access to capital, and we’re excited to expand our franchise program with Andy. We share a passion to see small businesses grow and make a positive impact on the U.S. economy and the local community.”
For more information on how to join the Lendio franchise program, click here.