Heading into 2016, we continue to help hardworking small business owners secure the funding they need to make their dreams a reality and ultimately strengthen our leadership in the market.
As I’ve said before on this website, we love stats. You can also assume, based on the fact that we post daily articles on tech and startups in Utah, we love writing. And as managing editor of Beehive Startups, it’s my duty to play matchmaker and bring together both stats and writing into a beautiful, harmonious mix.
Lendio recently released numbers on their 2015 business year (you can view the complete infographic here), but a certain set of numbers stood out in particular. In 2014, Lendio helped more than 400 small business owners secure loans totaling $12.4 million in funding. This is impressive, but nowhere near the totals coming out of 2015 — more than 5,100 small businesses aided, with loans totaling over $128 million. That clocks in at a whopping 1175 percent uptick, which is what we in the business call growth. Actually, that’s what everybody calls it.
“We are very proud of our success and the strong partnerships we have forged with our customers,” said Brock Blake, CEO of Lendio. “Heading into 2016, we continue to help hardworking small business owners secure the funding they need to make their dreams a reality and ultimately strengthen our leadership in the market.”
Published 3/2/2016
